Cloud IDS IPS Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Component (Solution, Services), By Deployment Model (Public, Private, Hybrid), By Enterprise Size (Small, Medium, Large), By End-User Industry (Aerospace And Defence, Government, BFSI, Communication And Technology, Healthcare, Retail, Manufacturing, Others), And By Geography - Forecasts From 2022 To 2027

The cloud IDS IPS market was valued at US$501.434 million in 2020.

Cloud IDS means Cloud Intrusion Detection System provides cloud-native network threat detection with industry-leading security. Further, it helps in the detection of malware, spyware, and command-and-control attacks. It gives the users the benefit of a managed experience with high performance and simple deployment. Meanwhile, an IPS detects and blocks potential threats. The cloud and edge security plan of a business must include cloud IPS. For instance, as part of a transition to Secure Access Service Edge (SASE) and cloud-based network security, a cloud IPS key supports a workforce that is predominantly remote. The protection of an organization's IaaS during cloud migration initiatives necessitates native cloud security is a key component of cloud IPS. The cloud-based IDS IPS systems offer an additional layer of protection to enterprise IT assets by the means of analyzing and monitoring network traffic flows to detect suspicious activities, malicious behaviors, or anomalies. The rising use of cloud-based software and the rising security concerns across the globe are creating a higher demand for such cloud security from industry verticals, such as Banking, Financial Services and Insurance (BFSI), retail and IT, and telecom. The cloud IDS IPS market is segmented into components, deployment models, enterprise size, end-user industry, and geography.

Numerous benefits offered by the cloud over On-premise infrastructure have been catalyzing the migration of enterprises towards it. The rapid growth of industries and increasing digitization of business processes are exponentially increasing the volume of data in the cloud. The rising incidence of cyber-attacks and their increasing severity of them is increasing the need among enterprises to adopt advanced solutions to fortify their cloud infrastructure from any harm. This is boosting the adoption of cloud Intrusion Detection Systems and Intrusion Protection Systems. Stringent regulations regarding the security of customers’ data have been further increasing the adoption of these systems by enterprises, thus boosting the growth of the market. The market will continue to witness solid growth as competition across industries continues to increase and this will continue to increase the severity of loss for enterprises in case of a cyber-attack.

The cloud IDS IPS market in the North American region is expected to hold a significant share during the forecast period owing to the presence of countries like the US and Canada which are leading the adoption of advanced security solutions. Furthermore, the prevalence of developed economies in this region is expected to further fuel the market growth in this region, as these developed countries are early adopters of new technology like cloud-based security solutions, etc. Additionally, due to its highly developed internet infrastructure and consumers' strong preference for high-performance technologies like cloud computing and cloud monitoring, the North American market, particularly due to the US, has the biggest market share. Malware and other similar software are typically disseminated through links or attachments in illicit emails, evading detection by antivirus software and other traditional security barriers.

Product offering

• Check Point Software Technologies Ltd. offers Quantum Intrusion Prevention System (IPS) which detects or prevents attempts to exploit weaknesses in vulnerable systems or applications, and protects the end users. This IPS is constantly updated with new defuses against emerging threats and offers pre-emptive defenses before vulnerabilities are even discovered.
• Cisco Systems, Inc. offers Cisco Firepower 1000 series, which provides performance, usability, deep visibility, and control to quickly identify and neutralize threats. Its layout enhances security functions without impairing network efficiency. The Cisco firepower 1000 series comes under the Cisco Secure IPS, it can inspect up to three times higher throughput than the previous generation claims the company. Further, it protects against advanced threats and allows better-encrypted traffic inspection to protect the user against any hidden threats.

COVID-19 Impact on the Cloud IDS IPS Market

The pandemic had a significant impact on the cloud IDS IPS market. Due to pandemic restrictions, many businesses and offices took their work culture on online platforms to continue their operations without any uncertain disruption. The transmission of data from one place to another increased significantly. Additionally, companies took their large number of transactions, data, and operations online. As a result, a number of scammers, hackers, and malware started to take advantage of the available big data through unethical means.  For instance, Albanian officials were forced to temporarily shut down the Total Information Management System, a programme used to track people entering and leaving Albania, as a result of Iranian hackers attacking Albanian computer networks in September 2022, Hence, extensive security over the company’s network became the top priority for many companies and organizations.

Cloud IDS IPS Market Scope:

Segmentation

• By Component
  • Solution
  • Service
• By Deployment Model
  • Public
  • Private
  • Hybrid
• By Enterprise Size
  • Small
  • Medium
  • Large
• By End-User Industry
  • Aerospace and Defense
  • Government
  • BFSI
  • Communication and Technology
  • Healthcare
  • Retail
  • Manufacturing
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Others