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Technavio’s market research analyst has estimated the global cloud intrusion detection and prevention (IDP) market to grow at an impressive CAGR of over 27% by 2020. The augmented adoption of mobile and connected devices is a significant factor that will result in the strong growth of this market during the forecast period. The rising need for continuous or uninterrupted connectivity between a corporate network and the employee has compelled corporations to implement the “bring-your-own-device” policy, which allows the use of personal portable devices like smartphones, tablets, and PCs to gain access to confidential work information. Since these devices are not secure, it is easy for hackers to gain unauthorized access to corporate data. This increase in the instances of fraudulent activities has forced enterprises to adopt cloud-based IDP solutions as it helps to secure their networks and provide secure access to confidential information.
In terms of geography, the Americas will be the largest market for cloud IDP solutions during the forecast period and will account for an impressive market share of more than 44% by 2020. Factors such as the availability of an adequate IT infrastructure, the presence of many global financial institutions and large companies, compliance regulations, and the increased adoption of technologies among organizations will lead to the steady growth of this market in the Americas.
During 2015, the cloud IPS technology segment dominated this market by accounting for a market share of nearly 59%. The IPS effectively monitors workplace networks and delivers critical alerts on intrusions to prevent the misuse of sensitive data. The ability of cloud IPS to prevent unauthorized access to sensitive data will result in its increased adoption among enterprises.
The large enterprises segment dominated this market during 2015 and is envisaged to remain the largest market segment for cloud IDP solutions during the forecast period. Increasing investments in cloud IDP solutions by large enterprises to ensure data security against complex threats is a major factor that is responsible for this segment’s high market share. Healthcare companies that are based in the US and Europe are also adopting cloud IDP solutions as it helps them to comply with the Health Insurance Portability and Accountability Act’s (HIPAA) requirements.
The global cloud IDP market is fragmented owing to the presence of multiple large multinational and small regional vendors. The vendors that have access to better financial and technical resources will be able to develop products that will make the competitor’s products non-competitive even before they are launched. Due to product and service extensions, the level of competition in this market will increase significantly.
Top vendors in this market are -
Other prominent vendors analyzed in this market research are Alert Logic, AT&T, BAE, Clone Systems, CounterSnipe Technologies, Dell SecureWorks, Extreme Networks, and Network Box USA.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: IDP market
PART 07: Technology life cycle
PART 08: Cloud IDP market as a segment of global IDP market
PART 09: Market segmentation by technology
PART 10: Market segmentation by end-user
PART 11: Market attractiveness
PART 12: Market segmentation by region
PART 13: Key leading countries
PART 14: Buying criteria
PART 15: Market drivers
PART 16: Impact of drivers
PART 17: Market challenges
PART 18: Impact of drivers and challenges
PART 19: Market trends
PART 20: Impact of trends
PART 21: Five forces model
PART 22: Vendor landscape
PART 23: Description of leading vendors
PART 24: Other prominent vendors
PART 25: Appendix
PART 26: Explore Technavio
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