Next-Generation Intrusion Prevention System Market Analysis

  • Report ID: 5936
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Next-Generation Intrusion Prevention System Market Analysis

Organization Size (Small and Medium Enterprises & Large Enterprises)

The large enterprise segment is predicted to account for 67% share of the global next-generation intrusion prevention system (NGIPS) market by 2037. The growing adoption of cyber security techniques as a result of harsher fines for mismanaged assets resulting in cyber thefts is responsible for the growth of the sector. As a result, large enterprises are opting for stronger and more reliable cybersecurity solutions which is establishing a path for the market to grow. Furthermore, stringent compliances by the governmental regulatory bodies compel large enterprises to implement cybersecurity solutions to protect consumer data attributing to the growth in the large enterprise segment.

Type (NGIPS Hardware, NGIPS Software & Services)

The NGIPS hardware segment is predicted to account for 60% share of the global next-generation intrusion prevention system market by 2037. The segment growth can be attributed to the rising use in large enterprises due to increasing cyber threats. Various studies indicate that there are 2,300 cyber-attacks per day, with a cyber-attack happening every 39 seconds on average. Furthermore, NGIPS hardware is easy to implement in pre-existing systems because of its compatibility and flexibility allowing manufacturers to collaborate with partners and expand the ecosystem around the NGIPS hardware. Additionally, regulatory compliance requirements drive the demand for dedicated NGIPS hardware. Hence, these factors are further propelling the market for NGIPS hardware.

Our in-depth analysis of the global market includes the following segments:

          Type

  • NGIPS Hardware
  • NGIPS Software
  • Services

           Deployment Mode

  • On-Premise
  • Cloud -Based

          Organization Size

  • Small & Medium Enterprise
  • Large Enterprises

         End-User

  • BFSI
  • Healthcare
  • IT and Telecom
  • Manufacturing
  • Government and Defense
  • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 5936
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of next-generation intrusion prevention system is evaluated at USD 388.19 million.

Next-Generation Intrusion Prevention System (NGIPS) Market size was over USD 345.86 million in 2024 and is likely to exceed USD 2.2 billion by the end of 2037, growing at over 15.3% CAGR during the forecast period i.e., between 2025-2037. The market growth is due to the rising frequency of cyber-attacks, the increasing sophistication of cyber threats, the rise of cloud computing, adoption of strict data security rules and regulations and the fast expansion of Internet of Things (IoT).

North America industry is expected to account for largest revenue share of 27% by 2037, as a result of increasing frequency of cyber threats in the region.

The major players in the market are Palo Alto Networks, Inc., Trend Micro Incorporated, Fortinet, Inc., Check Point Software Technologies Ltd., McAfee, LLC, Symantec Corporation (NortonLifeLock Inc.), IBM Corporation, FireEye, Inc., Juniper Networks, Inc., Cisco Systems, Inc. and others.
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