Next-Generation Intrusion Prevention System Market Segmentation:
Organization Size Segment Analysis
The large enterprise segment is predicted to account for 67% share of the global next-generation intrusion prevention system (NGIPS) market by 2035. 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 Segment Analysis
The NGIPS hardware segment is predicted to account for 60% share of the global next-generation intrusion prevention system market by 2035. 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:
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