This market research report segments the global cloud intrusion detection and prevention (IDP) market by technology (cloud IPS and cloud IDS), by end user (large enterprises, SMEs, and government organizations), and by geography (the Americas, APAC, and EMEA). The leading vendors analyzed in this market analysis are Check Point Software Technologies, Cisco, IBM, Juniper Networks, McAfee, and Symantec.
Technavio has released a new market research report on the global cloud IDP market, which is expected to generate revenues of around $2 billion between 29016 and 2020. The introduction of cloud-based security solutions and the growing awareness of the benefits and use of these solutions among end-users has enhanced the adoption of IDP solutions. Of late, the importance of cloud IDP solutions has increased considerable among businesses because of increasing regulatory requirements and technological advancements in the market. The Americas will be the largest market for cloud IDP solutions during the forecast period, accounting for more than 44% by 2020. Factors such as the availability of an adequate IT infrastructure, the presence of many global financial institutions and large companies, compliance regulations, and the increased adoption of technologies among organizations will result in this region’s growth.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The need to protect networks from advanced cyber threats has led most organizations to adopt multiple security solutions, such as web security, data loss prevention, messaging security, e-mail security, endpoint security, and network security solutions. However, to avoid complexities, corporations are adopting converged security solutions, which is a combination of multiple security solutions. The demand for converged security solutions such as cloud IDS and cloud IPS, which provide integrated services of cloud IDP, will thereby increase in the coming years,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research
Currently, the cloud IPS technology segment dominates this market by accounting for a market share of nearly 59%. The IPS effectively monitors workplace networks and delivers critical alerts on intrusions to prevent the misuse of sensitive data. The ability of cloud IPS to prevent unauthorized access to sensitive data will result in its increased adoption among enterprises.
The leading players in the global cloud IDP market include Check Point Software Technologies, Cisco, IBM, Juniper Networks, McAfee, and Symantec. This market is fragmented owing to the presence of multiple large multinational and small regional vendors. The vendors that have access to better financial and technical resources will be able to develop products that will make the competitor’s products non-competitive even before they are launched. Due to product and service extensions, the level of competition in this market will increase significantly.
A more detailed analysis is available in the Technavio report, Global Cloud IDP Market 2016-2020.
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