What is Cloud IDS IPS Market?
Upsurging need to protect IT infrastructure from threats from data breaches and attacks, demand for threat intelligence and web filtering solutions. These factors will help to boost global Cloud IDS IPS market all around the world. Cloud IDS IPS deliver additional security to organizations information technology resources by spotting suspicious actions based on pre-defined signatures or based on malicious behavior by checking and scrutinizing network traffic flows. Moreover, autonomous and connected automotive infrastructure, smart cities and smart healthcare infrastructures, growing implementation of advanced solutions such as cloud operated robotic systems in the manufacturing sector, has enlarged the acceptance of internet connectivity and data communication. This, in turn, rising risks of malware security threats. This, in turn, is probably to boost growth forecasts of cloud IDS IPS market globally.
The market study is being classified and major geographies with country level break-up. According to AMA, the Global Cloud IDS IPS market is expected to see growth rate of 24.85%
Check Point (Israel), NTT Communications (Japan), Century Link (United States), Trend Micro (Japan), Intel (United States), Cisco (United States), Fortinet (United States), Imperva (United States), McAfee, LLC (United States) and Amazon.com, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Alert Logic (United States), AT&T Cybersecurity (United States), Sophos Ltd. (United Kingdom), SecureWorks, Inc. (United States), Metaflows (United States) and Hillstone Networks (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cloud IDS IPS market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cloud IDS IPS market by Type, Application and Region.
On the basis of geography, the market of Cloud IDS IPS has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Concern about Data Breaches and Attacks
- Developing Data Storage Compliance Requirements
Market Trend
- Fueling Adoption of Multi-Cloud Strategy as well as Cloud-Based Security Solution
- Government Support and Initiatives for the Adoption of Modern Agricultural Techniques
Restraints
- The Strikingly Dynamic Nature of Virtualization Offered By Cloud Platforms
- Limitation Making Hybrid Cloud Security
Opportunities
- Growing Demand for Securing IT Infrastructure
- Intensifying the Necessity for the Robust Multi-Layered Defense System
Challenges
- Fluid Design of Cloud Systems Prone to Intrusions
- Lack of Highly Knowledgeable and Skilled Staff
Market Leaders and some development strategies
On 24th October 2018, Check Point Software Technologies Ltd. a global a leading provider of cyber security solutions has acquired Dome9 of Tel Aviv, Israel. This acquisitions help to enhance Check Point’s fully combined Infinity architecture and its Cloud Security offering with advanced active policy enforcement and multi-cloud protection abilities.
On 25th February 2018, TIM, the leading provider of mobile and fixed telecommunication services in Italy, in partnership with Cisco. This collaboration will offers “TIM Safe WEB", a highly secure platform service, integrated in the TIM network, able to protect small business users from malware, including ramsomware, phishing, and other malicious cybersecurity activities.
The Federal Information Security Modernization Act of 2014 was signed into federal law by President Barack Obama on December 18, 2014. Passed as a response to the increasing amount of cyber-attacks on the federal government. According to this “(A) is for purposes of safeguarding Federal information and information systems from a known or reasonably suspected information security threat, vulnerability, or risk (B) shall be in accordance with policies, principles, standards, and guidelines issued by the Director; and (C) may be revised or repealed by the Director if the direction issued on behalf of the Director is not in accordance with policies and principles developed by the Director.”
Key Target Audience
Cybersecurity Vendors, Cloud Security Vendors, Network Solution Providers, Healthcare Organizations, Financial Organizations, Industry Associations, Government Regulatory, Government and Private Research Organizations and Others