CLOUD IDS IPS MARKET ANALYSIS

Regional Analysis

On the basis of region, the global cloud IDS IPS market is segmented into:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

North America market accounted for the largest market share due to advanced internet infrastructure and high inclination of consumers towards high performance technologies such as cloud computing and cloud monitoring, has increased the vulnerability to security threats, especially in the US. The malwares and other related software are usually distributed through attachments or links through unauthorized emails, which cannot be detected by the conventional security firewalls and antivirus applications. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, losses from cybercrimes accounted for over US$ 1.33 billion globally, from which, California recorded the highest loss of over US$ 255 million. Additionally, in 2016, around 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany. Due to increasing number of cyber-attacks, the demand for threat intelligence and web filtering solutions are expected augment in the near future. This in turn, is expected to propel growth of the global cloud IDS IPS market.