Cloud IDS/IPS Market Set to Reach USD 9.11 Billion by 2030, Growing at a CAGR of 6.62%
Cloud IDS/IPS Market to Reach USD 9.11 Billion by 2030, Exhibiting a CAGR of 6.62%
Cloud IDS/IPS Market Forecasted to Grow at a CAGR of 6.62% from 2024 to 2030, Reaching USD 9.11 Billion
Summary:
The global Cloud Intrusion Detection System (IDS) and Intrusion Prevention System (IPS) market was valued at USD 5.82 billion in 2023 and is expected to expand significantly, reaching USD 9.11 billion by 2030. This growth is driven by an increasing need for enhanced cloud security solutions, along with rising adoption of cloud-based infrastructures across various industries. The market is projected to grow at a compound annual growth rate (CAGR) of 6.62% during the forecast period from 2024 to 2030.
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A) Market Size:
The Cloud IDS/IPS market was valued at USD 5.82 billion in 2023. Due to a surge in cyber threats and a growing reliance on cloud-based platforms, this market is expected to achieve a substantial growth trajectory, reaching an estimated USD 9.11 billion by 2030, with a CAGR of 6.62%.
B) Scope and Research Methodology:
Maximize Market Research conducted extensive research using both primary and secondary research methodologies. This approach provided a comprehensive understanding of the cloud IDS/IPS market dynamics, trends, and competitive landscape. Market estimations were refined using data triangulation methods and primary research data to ensure accuracy and reliability.
C) Report Coverage:
The report includes an in-depth analysis of market dynamics, trends, and competitive strategies. It covers key components of the market such as solutions, services, deployment models, industry-specific needs, and global geographic analysis. The market breakdown includes key players, growth forecasts, and insights into how cloud security technologies are evolving.
D) Overview:
Cloud IDS/IPS systems are critical for organizations that rely on cloud infrastructure to secure their digital environments from intrusion attempts and security breaches. As businesses increasingly adopt public, private, and hybrid cloud models, the demand for advanced security solutions has surged, significantly driving market growth.
E) Dynamics:
The growth of the Cloud IDS/IPS market is primarily driven by the rapid expansion of cloud computing across industries. Companies in sectors such as banking, retail, healthcare, and manufacturing are focusing on advanced threat detection and prevention systems to safeguard their critical data. The increase in cyberattacks, regulatory compliance requirements, and the shift to cloud-first strategies by enterprises are among the leading factors fueling market growth.
F) Segmentation:
- By Component: Solution, Services
- By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
- By Organization Size: Small and Medium-Sized Enterprises, Large Enterprises
- By Industry: Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Government and Defense, Education, Retail, Manufacturing, Healthcare, Energy, and Utilities, Others
G) Key Players Include:
- Check Point
- Trend Micro
- NTT Communications
- Cisco
- Fortinet
- Intel
- Hillstone Networks
- Imperva
- Palo Alto Networks
- AT&T
- McAfee
- FireEye
- Darktrace
- IBM
- Huawei
- Vectra
- Armor Cloud Security
H) Reason to Buy:
This report offers valuable insights into the growth drivers, market trends, competitive landscape, and potential opportunities within the Cloud IDS/IPS market. By purchasing this report, organizations can make informed decisions regarding product investments, expansions, and strategies in the rapidly evolving cloud security landscape. Additionally, the report highlights key players and provides an understanding of their market positioning and innovations.
I) Table of Contents:
- Executive Summary
- Introduction
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Regional Analysis
- Key Market Trends and Innovations
- Key Players Profiles
- COVID-19 Impact Analysis
- Future Market Outlook and Growth Projections
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About Us:
Maximize Market Research is a leading global market research and consulting firm dedicated to providing actionable insights to help clients make strategic business decisions. With deep industry expertise and extensive research methodologies, we offer innovative solutions to businesses across various sectors, including IT and telecom, healthcare, and manufacturing. Our reports provide comprehensive analysis, enabling clients to stay ahead of the competition and navigate complex market dynamics.
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