The analysts forecast global cloud intrusion detection and prevention market to grow at a CAGR of 27.35% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global cloud intrusion detection and prevention market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of cloud IDP products and services.
The following companies are the key players in the global cloud intrusion detection and prevention (XaaS) market: Check Point Software Technologies Ltd., Cisco Systems Inc., IBM Corp., Juniper Networks Inc., McAfee Inc., and Symantec Corp.
Other prominent vendors in the market are: Alert Logic, AT&T, BAE Systems, Clone Systems, CounterSnipe Technologies, Dell SecureWorks, Extreme Networks, and Network Box USA.
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According to the cloud intrusion detection and prevention market report the internet is used for different purposes, such as communication, research, education, and real-time updates. In addition, many companies offer cost-effective cloud-based storage facilities, increasing the storage of critical information on the web further. Banks and payment card companies are also facilitating online transactions using the internet. Though online methods are efficient, they also come with high-security risks, such as instances of data theft and phishing.
The global cloud intrusion detection and prevention market analyst said limitations of budgets and lack of expertise in addressing network security issues make it difficult for organizations to manage stand-alone or integrated network components. Organizations prefer cost-effective IT security solutions that abide by compliance requirements and offer continuous system monitoring services. Cloud-based security solutions offer scalability, ensuring complete network security.
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Global Cloud Intrusion Detection and Prevention Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Increasing cases of cyber-attacks have compelled enterprises to increase their spending on IT infrastructure to prevent theft of data. IDSs identify malicious activities over the network and intrusion prevention systems (IPSs) prevent data modification or unauthorized access. IDSs and IPSs include hardware, software, and services. IDS is a passive monitoring system that warns the system administrator of any suspicious activity, while IPS enables the administrator to take appropriate action upon the alert generated by the IDS. IDS is adopted and implemented by organizations to collect and analyze different types of attacks within a host system or network. It also helps to identify and detect possible threats, which include attacks from both inside and outside of an organization.
Further, the report states that organizations find it difficult to integrate IDP devices with existing hardware, which affects the system functionality. This will lead to dissatisfaction among customers and, ultimately, high attrition rates.
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