Cloud IDS/IPS Market was valued at USD 5.82 Billion in 2023, and it is expected to reach USD 9.11 Billion by 2030, exhibiting a CAGR of 6.62% during the forecast period (2024-2030)
Cloud IDS/IPS Market Overview:
This Cloud IDS/IPS market study looks at current and emerging industry trends and dynamics in the global Cloud IDS/IPS market. Cloud IDS/IPS Extensive market forecasting for the major market segments is carried out between 2024 and 2030. Extensive Cloud IDS/IPS market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Cloud IDS/IPS market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Cloud IDS/IPS market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Cloud IDS/IPS market environment. Increased demand for Cloud IDS/IPS is driving the market. The Cloud IDS/IPS market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
Solution held 48.2% of the market share overall by component in 2023 and is anticipated to expand at the fastest rate of 7.76% CAGR over the course of the forecast period. Intrusion detection system and intrusion prevention system solutions are widely used because of their sophisticated capabilities, which include data loss prevention, web application firewall capabilities, and denial-of-service prevention. This helps to fuel the market’s growth. Additionally, companies are trying to provide advanced functionality for IDS/IPS solutions in an effort to further expand the security picture for an enterprise. For example, Cisco released the 3.0 beta of Snort in 2018 with advanced capabilities that provide protection and deep packet analysis.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
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
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Cloud IDS/IPS market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Cloud IDS/IPS Market:
The COVID-19 epidemic has had a significant impact on the global Cloud IDS/IPS industry. Cloud IDS/IPS Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Cloud IDS/IPS market to decelerate in 2020. The negative impact of COVID-19 on the Cloud IDS/IPS market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for Cloud IDS/IPS.
Key Questions Answered in the Cloud IDS/IPS Market Report are:
- Which segment was responsible for the largest share in the Cloud IDS/IPS market?
- How was the competitive scenario of the Cloud IDS/IPS market in 2023?
- Which are the key factors responsible for the Cloud IDS/IPS market growth?
- Which region held the maximum share in the Cloud IDS/IPS market in 2023?
