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The intrusion detection system market size is forecast to increase by USD 4.65 billion, at a CAGR of 14% between 2023 and 2028. The market is witnessing significant growth due to the escalating number of cyberattacks and the need to secure IT service infrastructure, particularly in the banking and financial services industry (BFSI). IDS solutions employ two primary identification techniques: signature-based and anomaly detection. Signature-based identification relies on known attack patterns, while anomaly detection identifies deviations from normal behavior. With the rise in digital transactions, there is a growing emphasis on securing security architecture through traffic monitoring and intrusion detection. The market is driven by the increasing demand for BFSI applications and the subsequent need to protect against cyber threats. However, the high cost of maintaining IDS solutions remains a challenge. In conclusion, the IDS market is expected to continue growing as organizations prioritize securing their IT infrastructure against cyber threats.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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