Key players operating in the global next-generation intrusion prevention system market are McAfee Corp., Trend Micro Inc., Palo Alto Networks, Inc., Check Point Software Technologies, Fortinet Inc., Cisco Systems, Inc., iValue InfoSolutions India Pvt. Ltd., NSFOCUS Technologies Group Co. Ltd., OSSEC Inc., BluVector, Inc., and IBM.
Cyber-attacks are becoming more sophisticated, making it more difficult to detect intrusions accurately. Malicious attacks have become more sophisticated, posing the greatest challenge in identifying them, as malware creators employ various evasion techniques for information concealment to avoid detection by an IPS system. Hence, increasing cybersecurity breaches and a rise in complexity of cyber threats are expected to drive the demand for next-generation intrusion prevention system in the next few years.
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Furthermore, security threats and attacks targeting internet users and organizations, such as DDoS, APTs, and zero-day attacks have been increasing for the last few years. Consequently, computer security has become increasingly important, as the use of information technology has become ingrained in people’s daily lives. Therefore, the demand for next-generation intrusion prevention system is expected to increase during the forecast period.
Improvement in BYOD-related technology is prompting companies to mobilize their employees. Increasing use of BYOD is further compelling organizations to protect not only devices in offices but also devices with remote access to the corporate network. This has increased the demand for next-generation intrusion prevention solutions, which in turn is expected to drive the next-generation intrusion prevention system market during the forecast period.
However, the lack of an adequate budget remains a major issue for cybersecurity professionals to effectively conduct their IT security operations, which is expected to restrain the next-generation intrusion prevention system market during the forecast period.
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