Next-Generation Intrusion Prevention System Market Share

North American Market Forecast

Next-Generation Intrusion Prevention System market in North America, amongst the market in all the other regions, is anticipated to hold the largest with a share of about 27% by the end of 2037. The market growth in the region is also expected on account of the increasing frequency of cyber threats in the region. According to studies, there were 3,205 instances of data intrusions in the US in 2023. In the same year, there were approximately 353 million people impacted by data intrusions, including exposure, leakage, and breaches. Furthermore, strict privacy and data protection laws, such as the Private Data Protection Law in Mexico and the Protection of Personal Information and Electronic Documents Act in Canada, force businesses and organizations to invest in state-of-the-art cybersecurity solutions to remain compliant with regional regulations propelling the NGIPS market growth in the region.

Moreover, the growth of the NGIPS market in the North American region is anticipated to be fueled by factors like the increasing use of NGIPS in sectors such as technology, healthcare, & finance, technological advancements like the application of AI and ML, the rising demand for cloud-based computing in the region and the rising sophistication in cyberattacks across various industries.

APAC Market Analysis

The Asia Pacific market is estimated to be the second largest, registering a share of about 24% by the end of 2037. The market’s expansion can be attributed majorly to the developing digital ecosystem and rising cyber dangers in emerging economies like China, India, Indonesia, Korea, Malaysia, the Philippines, Taiwan, and Thailand. Studies show that China is number one on the list of nations with the highest prevalence of cybercrime and number three on the list of nations with the most security breaches worldwide. Additionally, in 2023 India had around 2,140 weekly cyberattacks per business which showed a 16% rise over 2022, as a result, India is now the second most targeted country in the Asia-Pacific region. This rise in cybercrime in the region has created a huge need for the adoption of security measures like NGIPS.

Furthermore, the increasing use of next-generation intrusive protection systems in small and medium industries to protect consumer data is also expected to spur market growth in the region. According to research small and medium-sized enterprises (SMEs) make up more than 96% of all Asian businesses.