Intrusion Detection System (IDS) Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2022

Intrusion Detection System Market
Intrusion Detection System Market Information, by Components (Hardware, Software), by Deployment (Cloud based, Infrastructure based), by End Users (BFSI, IT& Communication, Aerospace & Defense, Software Industry, Manufacturing) – Forecast 2016-2022

Intrusion Detection System Market Overview:

Intrusion Detection System (IDS) is a software application used to monitor the system activities in the network and alerts if any malicious activity occur. Due to rising security concerns to communicate and protect digital information safely, many of the intrusion detection techniques, methods and algorithms are undertaken by software and application developers to detect these attacks.

Although anomaly detection and reporting is the primary function of IDS, some intrusion detection systems are capable of taking actions when malicious activity or anomalous traffic is detected, including blocking traffic sent from suspicious IP addresses. The intrusion detection systems are classified into four types depending upon their functionality namely, network intrusion detection system (NIDS), host intrusion detection systems (HIDS), signature-based intrusion detection systems, and anomaly-based intrusion detection systems. Attackers and hackers can breach organization’s network owing to proliferation of IoT in cameras, automotive, and wearable devices.

Thus, it is essential for organizations to filter out multiple sources of data from all IoT devices in the organization into a centralized place. In addition to this, organizations are more concerned towards cyber insurance as data loss, data leakage, sabotage and espionage eventually leads to breach in the network. The damage from these events are expected to be much higher than that of a traditional fire or theft event.

Increasing security proliferation in the organizations, and intervention of Government for security compliance and regulation policies are fuelling the intrusion detection system (IDS) market. On the other hand, the market is hampered by lack of technical expertise in providing effective intrusion detection system solutions, and inaccuracy of sensors in avoiding false positive results. Thus, it has become a major challenge for service providers to protect and securely transmit the digital information over networks. Rapid changes in information technology is also providing opportunity for organizations to enhance their existing Intrusion Detection System Market.

Major Key Players:

The prominent players in the intrusion detection system market are – McAfee (California), Check point (Israel), Corero (Massachusetts), Dell (U.S.), IBM (U.S.), Cisco (U.S.), Extreme Networks (U.S.), Symantec (U.S.), MetaFlows, Inc. (U.S.), Hewlett-Packard (U.S.), among others, are profiled in Market Research Future analysis and are at the forefront of competition in the global intrusion detection system market.

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Industry News:

June 18, Senstar adds a new product to its Fiber Optic Perimeter Intrusion Detection Line, the FiberPatrol FP1150.

The FiberPatrol FP1150 delivers all the core features and benefits of Senstar’s fiber optic technology while broadening the range of applicability. The fiber optic technology featured in Senstar’s FiberPatrol FP1150 provides low nuisance alarm rates, distinguishes between real threats and environmental disturbances, and more.

June 18, Anyware Smart Adapter aims to simplify smart home solutions.

The Anyware Smart Adapter is a system that combines intrusion detection, lighting, and indoor climate monitoring into one simple device. This system is designed to assist daily routines and create peace of mind for families, and comes with pre-configured Smart Home services in the Anyware App.

June 18, Blockchain Technology: An alternative to prevent future data breaches.

Companies with customer information and valuable intellectual property assets need to embrace a fool-proof and trustworthy technology rather than being purely applying defensive strategies using tools such as firewalls and intrusion detection systems. Blockchain offers a totally different approach to storing information and performing functions, which makes it especially suitable for environments with high security requirements and mutually unknown actors.

Intrusion Detection System Market Segmentation:

Segmentation by type: host based intrusion detection system, network based intrusion detection system, application based intrusion detection system, and others.

Segmentation by component: hardware and software.

Segmentation by deployment: cloud and on-premise.

Segmentation by application: commercial, residential, and enterprise.

Segmentation by end user: IT & telecom, transportation, retail, healthcare, BFSI, aerospace & defense, manufacturing, Government, and others.

Segmentation by region: North America, Europe, Asia Pacific and rest of the world.

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Intrusion Detection System Market Regional Analysis:

The regional analysis of intrusion detection system market is studied for North America, Europe, Asia Pacific and Rest of the World. North America is expected to dominate the intrusion detection system market owing to increased rate of cyber-attacks, and threats to Government agencies and large enterprises resulting in continuous development of intrusion detection system solutions in the region. Countries such as U.S. and Canada are more prone towards these security threats and are largely adopting intrusion detection system solutions, thereby contributing a major share in the growth of North American region.

On the other hand, the market study on Europe region had resulted in the emergence of new players contributing to intrusion detection system solutions. One of the major sector impacted by intrusion detection system include BFSI as the sector is more sensitive in storing confidentiality of customers. Hence, the key players in the market are constantly innovating and investing in research and development activities in order to create cost-effective product portfolio.

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