Cloud IDS/IPS Market Size | CAGR 6.62% Forecast | Hillstone Networks

Apr 23, 2024 - 08:49

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Cloud IDS/IPS Market Size | CAGR 6.62% Forecast | Hillstone Networks

Cloud IDS/IPS Market Poised for Steady Growth at a CAGR of 6.62% Through 2030

The global cloud intrusion detection and prevention system (IDS/IPS) market is expected to reach USD 9.11 billion by 2030, reflecting a steady rise at a CAGR of 6.62% from 2024, according to Maximize Market Research (MMR). This growth is fueled by the increasing adoption of cloud computing and the ever-evolving threat landscape.

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Overview

Cloud IDS/IPS solutions offer a critical layer of security for businesses migrating their IT infrastructure to the cloud. These systems continuously monitor and analyze network traffic to detect and prevent malicious activity, safeguarding sensitive data and applications.

Market Scope

The MMR report provides a comprehensive analysis of the cloud IDS/IPS market, exploring key trends, influencing factors, and growth opportunities. It delves into market segmentation by component (solution and services), deployment model (public cloud, private cloud, and hybrid cloud), organization size (small and medium-sized enterprises and large enterprises), and industry (including banking, IT, government, education, and healthcare).

Segmentation Highlights

Solutions Segment Leads the Way: The solutions segment is expected to capture the largest market share due to the advanced functionalities it offers, such as data loss prevention, web application firewall capabilities, and denial-of-service prevention.

Addressing Evolving Threats

The growing sophistication of cyberattacks is driving the demand for robust cloud security solutions. Businesses are increasingly seeking advanced IDS/IPS solutions with features like deep packet analysis for comprehensive protection.

Cloud Adoption Drives Market Growth

The widespread adoption of cloud computing is a key driver of the cloud IDS/IPS market. As businesses migrate their operations to the cloud, they require robust security solutions to safeguard their data and applications in this dynamic environment.

Key Players Shaping the Market

The cloud IDS/IPS market is a competitive landscape with established players like Check Point, Trend Micro, Cisco, Fortinet, Palo Alto Networks, and emerging vendors vying for market share.

Check Point
Trend Micro
NTT Communications
Century Link
Cisco
Fortinet
Intel
Hillstone Networks
Imperva
Metaflows (additional companies listed in the original report)

Regional Analysis

North America is expected to hold a dominant market share, followed by Asia Pacific. The rising awareness of cybersecurity and the increasing adoption of cloud technologies in these regions are key growth factors.

Impact of COVID-19

The COVID-19 pandemic has accelerated the shift towards cloud-based solutions, positively impacting the cloud IDS/IPS market. However, short-term disruptions in supply chains also presented challenges.

Addressing Key Questions

The MMR report addresses critical questions concerning the cloud IDS/IPS market, including: