Next-Generation Intrusion Prevention System Market Trends

Growth Drivers

• The Rise of Cloud Computing - The rise of cloud computing has expanded the attack surface for cyber threats, making network security more challenging than ever before. According to recent studies, currently, there are approximately 1,073,741,824 Gigabytes of data stored in the cloud. Thus, companies looking to secure their dispersed networks and safeguard data in transit are increasingly interested in NGIPS solutions designed for cloud settings. As the shift towards cloud-based infrastructure continues, it is expected to escalate the next-generation intrusion prevention system (NGIPS) market growth for next-generation intrusive prevention solutions in the forecast period.
• Stringent Data Security Rules and Regulations - The adoption of strict data security rules and regulations is expected to propel the next-generation intrusion prevention system market growth. Organizations are required by strict data protection regulations like the General Data Protection Regulations (GDPR), Payment Card Industry Data Security Standard (PCIDC), and Health Insurance Portability and Accountability Act (HIPAA) to put strong cybersecurity safeguards to protect sensitive data and maintain regulatory compliance. NGIPS systems offer sophisticated threat detection and prevention, employing systems with capabilities like encryption, data loss prevention, and intrusion detection, reducing the risk of data breaches while assisting enterprises in meeting these compliance requirements.
• The Increase in Internet of Things (IoT) Security Needs - The fast expansion of Internet of Things (IoT) devices across numerous industries like manufacturing, energy, and transportation offers new security challenges. As a result, NGIPS solutions tailored for IoT environments are increasingly in demand to protect IoT devices, networks, and associated data from emerging threats. These specialist NGIPS services help enterprises monitor and safeguard their IoT ecosystems with features like anomaly detection, device profiling, and threat intelligence integration. Thus, propelling the growth of the next-generation intrusion prevention system market

Challenges

• High Implementation Costs - Hardware, software licenses, and continuing maintenance can all add up to a significant upfront cost when implementing NGIPS systems, especially for small and medium-sized businesses. These expenses may outweigh perceived benefits and deter organizations from adopting them. Thus, the high implementation cost of NGIPS systems is expected to hamper the next-generation intrusion prevention system market growth
• Complexities of network infrastructure while integrating NGIPS which may cause difficulties are expected to deter the market growth.
• The lack of skilled cybersecurity professionals proficient in NGIPS is also expected to hinder the market growth in the forecast period.