Market Size of Cloud Intrusion Protection Software Industry
| 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
*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.
