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Increasing security breaches to drive intrusion prevention market: Report

July 01, 2019 / Moneycontrol

The Intrusion Prevention System market is forecast to surpass $8.5 billion by 2025, after growing at a CAGR 13.7% during the forecast period 2019-2025, according to market research by IndustryARC. Increasing awareness among entities regarding cyber security and essential data protection practices has consequently driven growth of the intrusion prevention system market. The Intrusion Prevention System market is expected to grow at a rapid pace owing to its deployment across a wide range of industries including BFSI, aerospace, defense, healthcare and transportation. In the banking, financial services and insurance (BFSI) industry, intrusion prevention systems are being deployed to provide security solutions against various attacks to the banks' servers. With growth in popularity of online banking services, theft of banking information has become a major issue of concern which has further driven demand for intrusion prevention systems. The fastest growing sub-segment under the indust...