Cloud IDS/IPS Market Overview:

The Cloud IDS/IPS market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Cloud IDS/IPS Market, as well as the reasons for variations in the industry's growth in various locations.

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Market Scope:

Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.

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Segmentation:

by Component

1. Solution
2. Services

The solution component, which in 2021 held 48.2% of the market share overall, is predicted to increase at the highest CAGR of 7.76% throughout the forecast period. Intrusion detection system / intrusion prevention system solutions are widely used, which fuels the growth of the intrusion detection system / intrusion prevention system market. This is due to the sophisticated capabilities they offer, such as data loss prevention, web application firewall capabilities, and denial-of-service prevention. Businesses are also seeking to provide advanced capabilities for IDS/IPS systems to further extend an organization's security picture. For example, in 2018 Cisco unveiled Snort 3.0 beta, which includes state-of-the-art technologies that enable deep packet analysis and security.

by Deployment Model

1. Public Cloud
2. Private Cloud
3. Hybrid Cloud

by Organization Size

1. Small and Medium-sized Enterprises
2. Large enterprises

Large organisations make up more than 61.5% of the cloud IDS/IPS market in 2021, according to organisation size. Large businesses are becoming more interested in intrusion detection and protection systems as a result of the increased need to ensure data security and integrity. As a result, it is anticipated that the segment will expand at a CAGR of 9% over the projection period.

by Industry

1. Banking, Financial Services, and Insurance
2. IT and Telecom
3. Government and Defense
4. Education
5. Retail
6. Manufacturing
7. Healthcare
8. Energy and utilities
9.Others

The segment of banking, financial services, and insurance is anticipated to expand at the greatest CAGR of 8.10% between 2022 and 2029, according to industry. The BFSI sector can be effectively protected from cyberattacks and intrusions with the use of systems for detecting and preventing intrusions. The number of rogue programmes that target online banking transactions has significantly increased in recent years. According to MMR reports, a cyber attempt on the Malta-based Bank of Valletta plc in 2020 resulted in the theft of $15.7 million from the business's reserves and forced the company to shut down all of its IT systems. Financial institutions plan to spend a lot of money on cyber security systems because of the increase in electronic fraud that targets banks and causes damage.

Key Players:

Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources. The biggest players in the Cloud IDS/IPS market are as follows:

Key Players in the Cloud IDS/IPS Market are:

1. Check Point
2. Trend Micro
3. NTT Communications
4. Century Link
5. Cisco
6. Fortinet
7. Intel
8. Hillstone Networks
9. Imperva
10. Metaflows
11. Alert Logic
12. McAfee
13. Palo Alto Networks
14. AT&T
15. Darktrace
16. FireEye
17. Secureworks
18. Huawei
19. Bricata
20. WatchGuard
21. NSFOCUS
22. Armor Cloud Security
23. Vectra
24. IBM

Regional Analysis:

Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Cloud IDS/IPS market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

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COVID-19 Impact Analysis on Cloud IDS/IPS Market:

Due to a break in operations, end-user sectors where Cloud IDS/IPS are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Cloud IDS/IPS manufacturers, affecting the development of the Cloud IDS/IPS market in 2020. End-user business demand for Cloud IDS/IPS has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.

Key Questions Answered in the Cloud IDS/IPS Market Report are:

Which segment had the largest share in the Cloud IDS/IPS market in 2021?
What is the competitive landscape of the Cloud IDS/IPS market?
Which are the key drivers aiding the Cloud IDS/IPS market growth?
Which region has the maximum share in the Cloud IDS/IPS market?
What will be the CAGR of the Cloud IDS/IPS market during the forecast period (2022-2027)?
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