Cloud Intrusion Protection Software Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The market is segmented by Service (Consulting, Managed Services, Design and Integration, Training and Education), Industry Vertical (Telecom and Information Technology, Banking and Financial Service, Oil and Gas, Manufacturing, Healthcare, Government, Travel and Transport, Retail, Entertainment and Media), and Geography.

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Cloud Intrusion Protection Software Market Size

Cloud Intrusion Protection Software Market Size
Study Period 2018 - 2028
Base Year For Estimation 2021
CAGR 29.87 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Cloud Intrusion Protection Software Market Key Players

*Disclaimer: Major Players sorted in no particular order
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Cloud Intrusion Protection Software Market Analysis

The cloud intrusion protection software market was valued at USD 0.65 billion in 2020 and expected to reach a value of USD 2.99 billion by 2026, and grow at a CAGR of 29.87% over the forecast period (2021–2026). The use of cloud services is growing rapidly in a broad range of areas as more companies are beginning to implement cloud services.

  • Operation Ghoul, a campaign held by a group of hackers, uses a commercial spyware kit to retrieve valuable business-related data stored in the victim’s network. The group has successfully attacked almost 130 organizations from around 30 countries around the world.
  • In September 2018, hackers gained access to over 30 million users’ record on Facebook. Rather than going for payment information or passwords, cybercriminals stole personal data, such as names, relationship status, religion, birthdate, employers, search activity, and check-in locations.
  • The increasing number of cyber threats and hacking attempts are driving companies and individual users to use cloud intrusion protection software. In addition, considering the increasing number of intrusion incidents in business networks, there has been an increased IT spending on network security. Intrusion detection and prevention have been the most important hacks for IT companies to protect themselves from targeted attacks.

Cloud Intrusion Protection Software Market Trends

This section covers the major market trends shaping the Cloud Intrusion Protection Software Market according to our research experts:

Telecom and Information Technology Expected to Grow Exponentially

  • Cloud intrusion protection systems are being increasingly adopted in the telecom industry, which serves every other industry in the market.
  • With advancements in technology and the increasing adoption of modern connectivity systems, the demand for communication services in industries, such as automotive, retail, energy and power, government services, IT sector, and other industries employing technology has seen incremental growth over the past decade.
  • The telecom industry now serves as a critical link for every industry to operate without interruptions. With the advent of cloud services, the dependence on communication is growing. The telecom and IT industries have merged to provide better operations.
  • The IT industry nowadays plays a major role. With industries moving toward cloud and automation, they are increasingly deploying IT systems to support operations and telecom industries to provide connectivity and communication services, to facilitate the working of the whole system.
  • As telecom and IT hold a major stake in cyber connectivity, the spending on cybersecurity of telecom and the IT industry would be high as compared to other industries. Moreover, with the rapid growth in technology in terms of IoT, 5G, and AI, it is essential to protect the data and prevent the data breaches across the network.

 

Cloud Intrusion Protection Software Market Share

North America is the Major Contributor to the Market Growth

  • The North American market has been the market of focus for cloud IPS software companies. The North American market is the highest contributor to cloud IPS software
  • The United States is a major contributor to the North American market, on account of the early adoption and major investments in cloud environment.
  • There are several reasons for the high contribution from this region, such as the presence of large enterprises, the growing frequency of cyber-attacks, and the increasing number of hosted servers.
  • Cloud services are in high demand and are experiencing high adoption with the rise in demand for IoT systems.
  • The governments in the North American countries have tightened the norms to provide better cloud security.
Cloud Intrusion Protection Software Market Analysis

Cloud Intrusion Protection Software Industry Overview

The cloud intrusion protection software market is highly fragmented due to the increasing number of cyber attacks, Moreover, companies are upgrading their existing product portfolio to retain their market share with many new players coming and exploring the market, launching products that are apt to market. Some of the key players in the market are Cisco Systems Inc., IBM Corporation, Fortinet Inc., Check Point Software Technologies Ltd, and Symantec Corporation.

  • April 2019 - Fortinet expanded its security fabric to advance the third generation of cybersecurity, making it a security driven network.
  • March 2019- Rockwell Automation, Panduit and Cisco, in a special collaboration with Tecnologico de Monterrey, EY and Unified announced the opening of their manufacturing advanced technology center (MATC) in Mexico City. The MATC shows how companies in the automotive, mining, food and beverage, and cementing industries can embrace the future by establishing their digital journey for transformation and navigating the new Industry 4.0 era.

Cloud Intrusion Protection Software Market Leaders

  1. Cisco Systems Inc.

  2. IBM Corporation

  3. Fortinet Inc.

  4. Check Point Software Technologies Ltd

  5. McAfee Inc. (Intel Corporation)

*Disclaimer: Major Players sorted in no particular order

Cisco Systems Inc., IBM Corporation, Fortinet Inc., Check Point Software Technologies Ltd, McAfee Inc. (Intel Corporation)
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Cloud Intrusion Protection Software Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Cyber Threats and Hacking Attempts

      2. 4.3.2 Increased IT Spending on Network Security

    4. 4.4 Market Restraints

      1. 4.4.1 Detection of False Positives and False Negatives

      2. 4.4.2 Loss of Network Performance Due to Multiple Checks

    5. 4.5 Opportunities in the Global Cloud Intrusion Protection Software Market

    6. 4.6 Industry Value Chain Analysis

    7. 4.7 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.7.1 Threat of New Entrants

      2. 4.7.2 Bargaining Power of Buyers/Consumers

      3. 4.7.3 Bargaining Power of Suppliers

      4. 4.7.4 Threat of Substitute Products

      5. 4.7.5 Intensity of Competitive Rivalry

    8. 4.8 Technology Snapshot

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Service

      1. 5.1.1 Consulting

      2. 5.1.2 Managed Service

      3. 5.1.3 Design and Integration

      4. 5.1.4 Training and Education

    2. 5.2 By Industry Vertical

      1. 5.2.1 Telecom and Information Technology

      2. 5.2.2 Banking and Financial Service

      3. 5.2.3 Oil and Gas

      4. 5.2.4 Manufacturing

      5. 5.2.5 Healthcare

      6. 5.2.6 Government

      7. 5.2.7 Travel and Transport

      8. 5.2.8 Retail

      9. 5.2.9 Entertainment and Media

      10. 5.2.10 Other Industry Verticals

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Cisco Systems Inc.

      2. 6.1.2 IBM Corporation

      3. 6.1.3 Fortinet Inc.

      4. 6.1.4 Check Point Software Technologies Ltd

      5. 6.1.5 HP Inc.

      6. 6.1.6 McAfee Inc. (Intel Corporation)

      7. 6.1.7 Dell Inc.

      8. 6.1.8 Trustwave Corporation

      9. 6.1.9 AlienVault Inc. (AT&T Cybersecurity)

      10. 6.1.10 Broadcom Inc. (Symantec Corporation)

    2. *List Not Exhaustive

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Cloud Intrusion Protection Software Industry Segmentation

The growing number of cyber attacks has pushed enterprises to increase their spending on IT infrastructure to prevent data theft and data breaches. An intrusion detection system (IDS) to identify malicious activities over the network and intrusion prevention systems (IPS) to prevent data modification or unauthorized access have been developed. IDS and IPS 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. Here, the scope is limited to services across various industry verticals and geography.

By Service
Consulting
Managed Service
Design and Integration
Training and Education
By Industry Vertical
Telecom and Information Technology
Banking and Financial Service
Oil and Gas
Manufacturing
Healthcare
Government
Travel and Transport
Retail
Entertainment and Media
Other Industry Verticals
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Cloud Intrusion Protection Software Market Research FAQs

The Cloud Intrusion Protection Software Market is projected to register a CAGR of 29.87% during the forecast period (2023-2028).

Cisco Systems Inc., IBM Corporation, Fortinet Inc., Check Point Software Technologies Ltd and McAfee Inc. (Intel Corporation) are the major companies operating in the Cloud Intrusion Protection Software Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the North America accounts for the largest market share in the Cloud Intrusion Protection Software Market.

Cloud Intrusion Protection Software Industry Report

Statistics for the 2023 Cloud Intrusion Protection Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cloud Intrusion Protection Software analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Cloud Intrusion Protection Software Report Snapshots

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