Rise in Sophisticated, Targeted Cyber Attacks Heightens Demand for Intrusion Prevention Systems Globally, Finds Frost & Sullivan
IPS delivers superior threat detection capabilities to protect businesses at every stage of a cyber attack
MOUNTAIN VIEW, Calif., May 22, 2013 /PRNewswire/ -- The rising frequency and complexity of attacks that are far more effective at breaching enterprise networks' security detection systems have lent momentum to the global intrusion prevention system (IPS) market. The development of next-generation IPS (NGIPS) products with advanced protection capabilities has further spurred adoption.
New analysis from Frost & Sullivan (http://www.networksecurity.frost.com), Analysis of the Global Intrusion Prevention System (IPS) Market, finds that the market earned revenues of more than $1.21 billion in 2012 and estimates this to reach $2.44 billion in 2017.
If you are interested in more information on this research, please send an e-mail to Mireya Espinoza, Corporate Communications, at [email protected], with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.
The growth in long-term, targeted advanced persistent threats (APTs) indicates that hackers are now well-organized and highly-skilled, and are most likely funded by nation-states or large criminal organizations. Hence, while enterprises continue to install IPS to detect traditional malware, the increase in APTs primarily compels customers to upgrade to IPS.
"NGIPS solutions are gaining acceptance owing to their ability to inspect traffic based on detailed contextual data such as application type and user identity, as well detecting malware for which there are no signatures or other detection methods available," said Frost & Sullivan Network Security Industry Analyst Chris Rodriguez. "Optionally, many IPS products can provide basic web application firewall capabilities, data loss prevention, botnet detection, or distributed denial-of-service prevention services."
IPS products are popular as they also offer performance and scalability not provided in other low-cost, multi-function security products. The availability of purpose-built hardware to better defend against polymorphic threats, along with investments in research and development to improve the products' security efficacy has boosted IPS vendors' margins.
However, the high costs of these IPS solutions, which on average are more expensive than firewalls and unified threat management (UTM) systems, deter businesses already wary of large capital investments during a weak global economy. The integration of IPS with multi-function security devices and firewalls gives rise to UTM products with lower costs of ownership, and thereby affects the market's overall value. The expertise required for IPS' optimal performance adds to the total cost of ownership.
"Creating awareness on the benefits of next-generation solutions, which can fulfill customers' security, networking, and compliance requirements, will be crucial to accelerate uptake," noted Rodriguez. "Vendors must also build solutions that support network throughput speeds, and develop comprehensive strategies that will secure virtualization and cloud computing environments."
Analysis of the Global Intrusion Prevention System (IPS) Market is part of the Network Security Technologies Growth Partnership Service program. Frost & Sullivan's related research services include: Global Network Access Control (NAC) Market, Global Vulnerability Management Market, Evolving IT Security Trends and Challenges within Today's Organizations, Global Unified Threat Management (UTM) Market, and Global Enterprise Firewall Market, among others. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Analysis of the Global Intrusion Prevention System (IPS) Market
NC2D-74
Contact:
Mireya Espinoza
Corporate Communications – North America
P: 210. 247.3870
F: 210.348.1003
E: [email protected]
SOURCE Frost & Sullivan
Share this article