According to a market report by Lucintel, the future of the global next-generation intrusion prevention system (NGIPS) market looks promising with opportunities in the small and mid-sized enterprise (SMEs) and large enterprise markets. The global next-generation intrusion prevention system (NGIPS) market is expected to reach an estimated $0.61 billion by 2028 with a CAGR of 13.5% from 2023 to 2028. The major drivers for this market are growing usage of internet and phone usage, increasing cases of cyber attacks and malicious attacks, and rising requirement for discovering complex assaults with the least number of erroneous positives and without adding network latency.
NGIPS hardware, NGIPS software, and services are the different segments of next-generation intrusion prevention system (NGIPS) market by type. Lucintel forecasts that NGIPS hardware will remain the highest growing type segment over the forecast period because it can be easily installed on the network and offers intrusion detection and prevention capabilities.
Within this market, small and mid-sized enterprise (SMEs) segment will remain the largest segment because of the increasing demand for maintaining data security and integrity, along with rising requirement for proper cybersecurity protection across the globe.
North America will remain the largest region over the forecast period due to growing number of cyber threats and rising digitalization of critical infrastructure sectors like oil and gas and associated industrial systems in the region.
McAfee, Trend Micro, Palo Alto Networks, Check Point Network Technologies, Fortinet, Cisco Systems, NSFOCUS, iValue Infosolutions, OSSEC, and Huawei are the major suppliers in the global next-generation intrusion prevention system (NGIPS) market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global next-generation intrusion prevention system (NGIPS) market by type, application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Next-Generation Intrusion Prevention System (NGIPS) Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global next-generation intrusion prevention system (NGIPS) market by type, application, end use industry, and region, as follows:
Next-Generation Intrusion Prevention System (NGIPS) Market by Type [Shipment Analysis by Value from 2017 to 2028]:
NGIPS Hardware
NGIPS Software
Services
Next-Generation Intrusion Prevention System (NGIPS) Market by Application [Shipment Analysis by Value from 2017 to 2028]:
Small and Mid-Sized Enterprises (SMEs)
Large Enterprises
Next-Generation Intrusion Prevention System (NGIPS) Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028]:
BFSI
Government and Defense
Healthcare
IT and Telecom
Retail and eCommerce
Manufacturing
Energy and Utilities
Others
Next-Generation Intrusion Prevention System (NGIPS) Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global next generation intrusion prevention system (NGIPS) market by type (NGIPS hardware, NGIPS software, and services), application (small and mid-sized enterprises (SMEs) and large enterprises), end use industry (BFSI, government and defense, IT and telecom, retail and ecommerce, manufacturing, energy and utilities, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?