Cloud Based IDS/IPS Market is expected to grow at a CAGR of 6.64%

According to TechSci Research report, “Cloud Based IDS/IPS Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029”, the Global Cloud Based IDS/IPS Market is expected to register robust growth during the forecast period. The persistent rise in cyber threats and attacks has led organizations to invest more in advanced security solutions like cloud-based IDS/IPS to detect and prevent unauthorized access, data breaches, and other cyber threats. The growing adoption of cloud services by organizations worldwide has driven the demand for security solutions that are specifically designed for cloud environments. Cloud-based IDS/IPS provides scalable and flexible security measures suitable for dynamic cloud infrastructures. Stringent regulatory requirements and data protection laws have mandated organizations to implement robust security measures. Cloud-based IDS/IPS solutions help businesses meet compliance standards and protect sensitive data. Cloud-based IDS/IPS systems often leverage collaborative threat intelligence, allowing organizations to benefit from a collective knowledge base that helps in identifying and mitigating emerging threats. Integration capabilities with other security solutions and platforms provide a holistic approach to cybersecurity. Cloud-based IDS/IPS solutions often integrate with SIEM (Security Information and Event Management) systems and other security tools. Cloud-based security solutions offer cost-effective alternatives to traditional on-premises infrastructure. Organizations can scale their security resources based on demand, making it a more cost-efficient option. The growing adoption of cloud services by organizations worldwide has driven the demand for security solutions that are specifically designed for cloud environments. Cloud-based IDS/IPS provides scalable and flexible security measures suitable for dynamic cloud infrastructures.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global CloudBased IDS/IPS Market.”

The country section of the cloud intrusion detection system (IDS) intrusion prevention system (IPS) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Key market players in the Global Cloud Based IDS/IPS Market are: -

• Check Point Software Technologies
• Trend Micro Inc.
• NTT Communications
• Lumen Technologies
• Cisco Systems, Inc.
• Fortinet Fedral Inc.
• Intel Corporation
• Hillstone Networks
• Imperva, Inc.
• Metaflows, Inc.

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“Cloud Intrusion Detection System / Intrusion Prevention System are methodology used to escalate the security level of networks, by reviewing and scanning packets for suspicious data and monitoring traffic. The Companies are adopting cloud IDS / IPS devices to monitor their system and user activities, analyse system vulnerabilities and configurations, and assess file and system track and integrity user policy violations.

These companies are spending in R&D to enhance the efficacy of these systems for transforming their businesses and mitigating cyber threats. Many financial institutions, government agencies, healthcare and IT & telecom are the major industries spending in the cloud IDS / IPS applications with the cybersecurity expenditure estimated to exceed USD 1 trillion during 2022-2029. Systems for detecting and preventing intrusions have been suggested as an effective way to safeguard the BFSI industry from cyberattacks and intrusions. In recent years, there has been a significant rise in the amount of malicious applications that target online banking transactions. A hacking attack on the Malta-based Bank of Valletta plc in 2020 forced the company to shut down all of its IT systems and led to the theft of USD 15.7 million from its reserves. Financial institutions intend to invest a lot in cyber security systems due to the rising frequency of electronic scams that target banks and harm their reputation. Financial institutions are under intense pressure to increase security, according to international cyber security company Kaspersky.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Cloud Based IDS/IPS Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Solution Type (Signature-based Detection, Anomaly-based Detection, and Others), By Service (Training and Consulting, Integration, and Support and Maintenance), By Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), By Organization Size (Small and Medium-sized Enterprises, and Large Enterprises) By Region, and By Competition 2019-2029” has evaluated the future growth potential of Global Cloud Based IDS/IPS Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Cloud Based IDS/IPS Market.

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