Key Players in the North America Intrusion Prevention System/Intrusion Detection System (IPS/IDS) market are Corero (Massachusetts), Dell (Texas), Extreme Networks (California), IBM (New York), Check point (Israel).
(PRWEB) December 27, 2014
The North America Intrusion Prevention System/Intrusion Detection System (IPS/IDS) market is projected to reach $1,343.48 million by 2019 from $989.39 million in 2014, at a CAGR of 6.3% between 2014 and 2019.
There has been a significant increase in the IT security spending in the North American region which has pushed the market for IDS/IPS. Organizations have allocated budgets for implementing IT security products, solutions, and services. Small and medium businesses using internet services have also realized the benefits of using dedicated security solutions as a part of their IT infrastructure. This is driving the demand for IDS/IPS solutions and services in this region.
There has been a significant increase in the sophisticated cyber security attacks in the North American region. This has pushed the overall security market which in-turn has increased the adoption rate of the IDS/IPS solutions and services. Cyber security attacks have become more advanced and new methods of attacks, such as advanced persistent threats (APT) and dedicated denial of service attacks (DDoS) need to be mitigated through security hardware. This has led to the rise in demand of security IDS/IPS devices.
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Regulations, such as the HIPAA in the healthcare sector have made it compulsory for organizations to implement IT security solutions. Similar regulations are being introduced in other sectors, which are pushing the demand for IDS/IPS products and services.
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The report on North American IPS/IDS market studies the different segments of the market and presents a comprehensive view of the market trends and performance during the forecast period. The report focuses on the leading and emerging segments and the contribution of the various companies and countries that are participating in this market.
The report also studies the various factors that affect the market performance and their degree of impact on the market during the forecast period of 2014-2019.
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