Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market - Forecast 2020 – 2025
Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Overview According to IndustryARC, the global Intrusion Detection System or Intrusion Prevention System (IDS or IPS) market , which was valued at about $5 billion in 2018, is expected to grow at a CAGR of 12% during the forecast period 2019-2025 . Rising security threats to computer networks and consistently changing regulatory landscapes have resulted in the rapid development of IDS/IPS. Cyber attacks on enterprises through ransom ware, malware and Denial of Service (DOS) are capable of compromising the existing security systems. Moreover, these security breaches cause long-lasting damage to enterprises, in terms of regaining customer trust. According to the Verizon Data Breach Investigations Report (DBIR), there were more than 53,000 security incidents across the globe in 2018. It was also reported that more than 30% of security incidents were successfully negotiated by the network within a few minutes, and over 60%