Cloud-based IDS IPS Market Size

Cloud-based IDS IPS Market size was over USD 5.64 Billion in 2023 and is anticipated to reach USD 13.1 Billion by 2036, witnessing around 6.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cloud-based ids ips is assessed at USD 6.02 Billion. The growth of the market is primarily attributed to the monitoring of network traffic, and globally increasing count of cyber-attacks. For instance, since the starting of the pandemic, there has been a 500% increase in cybercrime across the globe.

Cloud-based IDS IPS are procedures for increasing network security by scanning and reviewing packets for suspicious data and monitoring traffic. Intrusion detection system (IDS) is a framework keeps an eye on network traffic for any suspicious activity and assists in anomaly detection by notifying users of them. In addition to spotting vulnerability exploits, intrusion prevention systems (IPS) take it a step further and block potentially harmful network packets. The range of security measures for cloud computing services and resources is expanded by both IDS and IPS. In this way, IDS/IPS system contributes to the development of a strong multi-layered defense system within the cloud network. IDS configuration is frequently regarded as a subset of IPS configuration. IDS and IPS are also useful in mitigating various insider attacks, such as sophisticated DoS or DDoS attacks, when used in a cloud computing environment. Therefore, rise in cloud computing trend is fueling up the growth of the market over the forecast period. For instance, globally, by the end of 2022, more than 62% of all enterprise data is estimated to be stored in the cloud.