Security threats in various organizations are increasing with the development of technology that is aiding cybercriminals to come up with different techniques to carry out hacking and other unethical activities. Intrusion detection system supervises network, system or infrastructural activities to detect policy violation, malicious activities and security breach.
According to the report published by Market Research Future (MRFR), the global Intrusion Detection System Market is registered to expand steadily during the forecast period of 2016-2022.
Major Key Players:
The major players that are profiled by MRFR in the report on the global intrusion detection system market are McAfee (California), Check point (Israel), Corero (Massachusetts), Dell (the U.S.), IBM (the U.S.), Cisco (the U.S.), Extreme Networks (the U.S.), Symantec (the U.S.), Metaflows, Inc. (the U.S.), Hewlett-Packard (the U.S.) among others.
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Market Drivers and Restraints:
Increasing global concern regarding cyber threats and hacking activities is playing a vital role in inducing high demand for intrusion detection systems in the global market. Growing adoption of advanced security solutions in IT and communication sector and rise in security threats to enterprise networks are some of the factors that are propelling the growth of the global intrusion detection system market.
Rapid technological advancement and increase adoption of high-tech solutions to secure the data and premises of various organizations and recent developments in semiconductor technology are projected to be fueling the growth of the global intrusion detection system market. However, lack of awareness and poor understanding regarding the available intrusion detection system are likely to hinder the growth of the global intrusion detection system market during the forecast period.
The global intrusion detection system market has been geographically segmented into four major regions such as North America, Asia Pacific, Europe, and the rest of the world. Among these, the North America region has been projecting dominance over the global intrusion detection market in the past few years due to the rapid technological advancement, easy adoption of advanced technology, increasing security threats in various industrial sectors and presence of major players in the global intrusion detection system market in this region.
The Asia Pacific and Europe regions are growing significantly in the global intrusion detection system market due to the increasing demand for high-tech security solutions in the military and defense sector and increasing incidences of security breach by cybercriminals in these regions.
On 18th September 2018, CORN Systems, a defense tech startup based in India, has announced that it has signed memorandum of understanding (MoU) for collaboration with Quanergy Systems Inc., a global leader in design and development of light detection ranging sensors and smart sensing solutions. This collaboration will allow CORN Systems to upgrade intrusion detection features of its advanced ‘Kavach’ series for perimeter security and Indian armed forces.
On 16th September 2018, it was announced that the India-Pakistan International border in Jammu would be secured with high-tech smart fence which will be equipped with infrared sensors and laser-based intrusion detection system.
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The global intrusion detection system market has been segmented on the basis of deployment, components and end-users. Based on deployment, the intrusion detection system market is segmented into cloud-based and infrastructure-based.
Based on components, the intrusion detection system market is segmented into hardware and software. Based on end-users, the intrusion detection system market is segmented into BFSI, IT& communication, aerospace and defense, software industry, manufacturing, government, healthcare and others.
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