Market Trends of Cloud Intrusion Protection Software Industry
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.
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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.
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