Cloud-based IDS IPS Market Analysis
Our in-depth analysis of the global market includes the following segments:
The cloud-based IDS IPS market is segmented and analyzed for demand and supply by end-user into IT & telecom, BFSI, government & defense, education, retail, manufacturing, energy & utilities, healthcare, transportation, logistics, and others. Amongst these segments, the healthcare segment is anticipated to grow at a significant rate over the forecast period owing to the extensive use of cloud computing in healthcare sector, delivering cost-effective solutions for storing large amount of data, and by offering faster time-critical medical services. Additionally, cloud computing saves time while providing healthcare organizations with much-needed adaptability, expandability, and uplifting collaboration among healthcare researchers. For instance, many healthcare leaders are incorporating the advantages of cloud and software as a service (SaaS). Nearly 67% expected to move their technology infrastructures to the cloud by the end of 2022, with that figure expected to rise by 95% by 2024.
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
