Cloud IDS/IPS Market to reach 8.55 billion by 2029 Trends, Market Share and Market Size, Forecast to 2029

December 08 18:30 2022
Cloud IDS/IPS Market to reach 8.55 billion by 2029 Trends, Market Share and Market Size, Forecast to 2029
Cloud IDS/IPS Market
Cloud IDS/IPS Market was valued at USD 5.12 Billion in 2021, and it is expected to reach USD 8.55 Billion by 2029, exhibiting a CAGR of 6.62% during the forecast period (2022-2029)

Pune, 8, Dec, 2022: The report analysed by Maximize Market research, on Cloud IDS/IPS Market covers an extensive regional analysis and competitive landscape. Over the forecast period, Maximize Market research expects, the market to growth from 5.12 Bn in 2021 to 8.55 Bn in 2029 at a CAGR of 6.62%. North America is expected to register CAGR of 7.12% during forecast period.

Cloud IDS/IPS Market Scope and Research Methodology

The Cloud Intrusion Detection System / Intrusion Prevention Systems Market dynamics studied and explained in the report helps reader to understand market trends, drivers, restraints, opportunities, and challenges at global and regional level for the Cloud IDS/IPS Market. 

The report covers the strategies and analysis of the key players that include market leaders, followers, and new entrants who focus on adopting advanced technologies for the development of the product. To meet the customer requirements, companies enter in the mergers, collaborations and partnerships. To provide the comprehensive analysis of the global Cloud IDS/IPS Market to the stakeholders is the main objective of the report.

In the report, the analysis of complicated data is presented in a simple language. The past and current status of the industry is also presented with the forecasted market size and trends. 

Data was collected by using both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. SWOT analysis was conducted to provide the strengths and weaknesses of the Cloud IDS/IPS Market while PORTER, PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Cloud IDS/IPS Market.

For the better understanding segment wise analysis of the Cloud IDS/IPS Market is provided. The segments are based on component, deployment model, organizational size and industry. The bottom-up approach was employed to validate the market size and its estimation by different segments. The analysis of the external and the internal factor that affect the business positively and negatively have also been provided. This gives a clear futuristic view of the Cloud IDS/IPS Market to the decision-makers.

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Cloud IDS/IPS Market Overview

Cloud Intrusion Detection System is a cloud-based security solution that detects the threat while Intrusion Prevention System is a system that blocks the threat. Due to the increasing cyber attacks companies are adopting security solutions and spending in R&D to develop these systems. During 2021-2029, cybersecurity expenditure is estimated to cross USD 1 trillion. Government agencies, healthcare, financial institutions and IT and telecom are the major industries spending in the cloud IDS / IPS applications. 

Cloud IDS/IPS Market Dynamics

Increasing cyberattacks are resulting in losses of businesses individuals and governments. Digitalization has also increased the frequency of cybercrimes. Rising number of data leakages and data breaches are the major drivers of the Cloud IDS/IPS Market. Many companies adopt IDS and IPS systems for data protection and privacy.

Not everyone can afford spending in R&D as it is highly expensive therefore online security experts worry about not having enough money to fulfil their IT security tasks. As the talented security experts are hard to find, it is difficult for associations to meet the growing IT security needs.  

Cloud IDS/IPS Market Regional Insights

North America held the largest market share and is expected to grow at a CAGR of 7.12 percent during the forecast period. Increasing adoption of technologies including the Internet of Things (IoT), cloud computing, mobile applications and bring your own device (BYOD) are the major drivers of the Cloud IDS/IPS Market in the region.

During forecast period, APAC is expected to grow at the highest CAGR. The major reason behind the growth is adoption and development in the techniques like big data analytics, artificial intelligence, internet of things (IoT), big data, etc.

Cloud IDS/IPS Market Segmentation

By Component

  • Solution 
  • Services

By Deployment Model

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Organization Size

  • Small and Medium-sized Enterprises
  • Large enterprises

By Industry

  • Banking, Financial Services, and Insurance
  • IT and Telecom
  • Government and Defense
  • Education
  • Retail
  • Manufacturing
  • Healthcare
  • Energy and utilities
  • Others

Cloud IDS/IPS Market Key Competitors include:

  • Check Point
  • Trend Micro
  • NTT Communications
  • Century Link
  • Cisco
  • Fortinet
  • Intel
  • Hillstone Networks
  • Imperva
  • Metaflows
  • Alert Logic
  • McAfee
  • Palo Alto Networks
  • AT&T
  • Darktrace
  • FireEye
  • Secureworks
  • Huawei
  • Bricata
  • WatchGuard
  • Armor Cloud Security
  • Vectra
  • IBM

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Key questions answered in the Cloud IDS/IPS Market are:

  • What is Cloud IDS/IPS? 
  • What is the growth rate of Cloud IDS/IPS Market for the forecast period? 
  • What is the nature of competition in Cloud IDS/IPS industry in developed and developing economies? 
  • Who are the key players in the Cloud IDS/IPS Market?
  • Who are the market leaders in Cloud IDS/IPS industry in Europe
  • Who are the market leaders in Cloud IDS/IPS industry in USA and Canada
  • Who are the market leaders in Cloud IDS/IPS Market in India, China, Japan and South Korea?
  • What are the factors affecting growth in the Cloud IDS/IPS Market? 
  • Who held the largest market share in Cloud IDS/IPS Market? 
  • What are the factors for the growth of Asia-Pacific region in Cloud IDS/IPS Market?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Segment and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

Public Cloud in BFSI Market – The Public Cloud in BFSI Market size is expected to reach USD 156 billion by 2029 at a CAGR of 15 percent during the forecast period. The Public Cloud in BFSI Market is expected to be driven by increasing global internet and mobile device penetration.

Game-Based Learning Market  The Game-Based Learning Market size is expected to reach USD 48.93 billion by 2029 at a CAGR of 20.8 percent during the forecast period. The Game-Based Learning Market is expected to be driven by increasing demand of student’s retention and engagement in playing and learning games. 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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