Published On : 09 May 2018
The global cloud intrusion detection system (IDS) and intrusion prevention system (IPS) market is anticipated to find a high demand in various end-use industries, including retail, IT and telecom, and banking, financial services, and insurance (BFSI) due to increasing application in cloud security. Cloud IDS and IPS help to identify doubtful activities based on anomalies or malicious behavior or pre-defined signatures. This is done with the analysis and monitoring of network traffic flows to provide an extra layer of protection for IT assets of enterprises.
Larger Enterprises to Pump in More Demand in Market
Cloud IDS and IPS companies are expected to earn well out of hybrid, private, public, and other critical cloud applications. Some of the high-demand types of products available in the global cloud IDS and IPS market are anomaly, signature, protocol, and policy-based detection. However, the market could also focus on services such as support and maintenance, integration, and training and consulting to increase revenue in the near future. Likewise, there could be different sorts of deployment models, viz. hybrid, private, and public cloud projected to increase the demand in the market.
Based on organization size, the market is prognosticated to find large enterprises raking in a greater revenue share in the coming years. This could be because of the towering demand for improved cloud IDS and IPS in their facilities.
Public Cloud Preferred by Enterprises with Less Regulatory Hurdles
Public cloud is foretold to showcase its dominance in the international cloud IDS and IPS market in terms of share while taking advantage of rising adoption due to certain benefits such as quicker deployment and ease of access. Enterprises that are ready to partially or fully outsource their storage facilities and have less regulatory hurdles are forecasted to demonstrate a larger preference for cloud IDS and IPS. Similarly, integration services for cloud IDS and IPS are envisioned to collect a stronger share of the market owing to high demand to integrate enterprises’ current security mechanism and business functions with vendor’s security offerings.
North America Shows Positive Growth with Adoption of Associated Services
Challenges related to installation of cloud IDS and IPS on hybrid cloud systems are foreseen to hamper the growth of the market in the near term. However, there could be lucrative opportunities available in the market rising on the back of swelling usage of cloud-based solutions and increasing security threats around the world. According to seasoned analysts, the market is predicted to create scores of rewarding prospects in Asia Pacific as it grows at a larger CAGR in the foreseeable future. Nonetheless, the demand for cloud IDS and IPS in North America could not be ignored. The developed region is envisaged to bank on snowballing adoption of related services and presence of leading companies to secure a higher share of the market.
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