Cloud IDS IPS Market Headed for Growth and Global
Expansion by 2026
Cloud IDS IPS Market research provides industry analysis by type,
manufacturer, application along with key factors influencing the
growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Cloud IDS (Intrusion Detection System) and IPS (Intrusion Prevention System) are methodology
used to escalate the security level of networks, by scanning and reviewing packets for suspicious
data and monitoring traffic.
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Growing probability of cyber-attacks, including ransomware, advanced persistent threats (APTs),
distributed denial of service (DDoS), malicious insider, and zero day threats, is a major factor
expected to drive growth of the global cloud IDS IPS market. Some of the worst incidents of
ransomware attacks, which have resulted in high losses of revenue as of 2017, are the
NotePetya, WannaCry, Locky, CrySis, and Nemucod. According to TechRepublic Cybersecurity
Insider press release in October 2017, the outbreak of NotPetya cost the pharmaceutical
company—Merck— over US$ 300 million in Q3 alone. This indicates the growing risk of cyber-
attacks, which in turn, is expected to drive demand for cloud IDS IPS solutions for security
purposes.