Global Intrusion Detection System Market size was valued at USD 4.52 billion in 2019 and is poised to grow from USD 4.8 billion in 2023 to USD 8.18 billion by 2031, growing at a CAGR of 6.11% in the forecast period (2024-2031).
The Research report on Intrusion Detection System Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Segmental Analysis
- ComponentSolutions, Services
- TypeNetwork-based, Wireless-based, Network behavior analysis, Host-based
- Deployment ModeCloud, On-Premises
Market Dynamics
Intrusion Detection System Market Driver
- The use of the internet for planned, politically motivated attacks on endpoints, networks, data, and other IT infrastructures results in data loss for individuals, businesses, and governments in instances of significant cyberattacks around the world. Cybercrimes are happening more frequently as a result of the quick increase in digital transactions across all sectors worldwide. The market for intrusion detection and prevention systems is being driven by the rise in enterprise data breaches and data leaks.
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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report
• Honeywell International Inc.• Tyco International Ltd. (Johnson Controls International Plc)• Bosch Security Systems (Robert Bosch GmbH)• Schneider Electric SE• FLIR Systems, Inc.• Nortek Security & Control LLC (Melrose Industries Plc)• Axis Communications AB (Canon Inc.)• Hikvision Digital Technology Co., Ltd.• Anixter International Inc.• ADT Inc.• Securitas AB• STANLEY Security (STANLEY Black & Decker, Inc.)• Panasonic Corporation• Johnson Controls International Plc• Molex LLC (Koch Industries, Inc.)• UTC Fire & Security (United Technologies Corporation)• Siemens AG• Corning Incorporated• Verint Systems Inc.• AxxonSoft
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The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Intrusion Detection System Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Intrusion Detection System Market?
• What are the prominent market trends influencing the development of the Intrusion Detection System Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Intrusion Detection System Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?