-- Regulatory compliance requirements compel organizations to adopt IPS security products, finds Frost & Sullivan
MOUNTAIN VIEW, California, June 17, 2015 /PRNewswire/ -- Enterprises continue to show interest in purpose-built intrusion prevention system (IPS) products that can reliably stop daily threats and help defend against advanced threats. These products offer a number of detection mechanisms to enable businesses to identify threats in their unique IT environments, thus becoming an essential layer of network protection.
New analysis from Frost & Sullivan, Analysis of the Global Intrusion Prevention System Market (http://www.frost.com/ned4), finds that the market earned revenues of $1.41 billion in 2014 and estimates this to reach $1.58 billion by 2019. The study covers the appliance and virtual appliance segments.
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"IPS is necessary to comply with industry and government regulations that mandate the implementation of measures to protect consumer, student and patient information, as well as systems used to store, transmit or process such data," said Frost & Sullivan Network Security Senior Industry Analyst Chris Rodriguez. "For instance, IPS is required to adhere to the Payment Card Industry Data Security Standard, which specifically demands the use of this product by any business that accepts, stores or transmits payment card transactions."
While IPS functionality is a fundamental requirement for large businesses and enterprise organizations, pure-play IPS products face growing competition from adjacent security technologies. Although the IPS functionality is limited in several similar network security tools such as next-generation firewalls and unified threat management (UTM) solutions, many organizations consider these solutions sufficient.
"Being a competitive market that is reaching a late stage in its development, the IPS market is consolidating to a few high profile participants," noted Rodriguez. "Within these circumstances, IPS vendors must solidify their strategies to adapt to the increased competition from integrated security devices."
Since there is no single solution that can meet the security needs of all organizations, the IPS market will continue to be of strategic importance for many large security vendors. Vendors might, however, integrate IPS with related security technologies such as security information event management (SIEM) and advanced security analytics to enhance their value proposition.
Analysis of the Global Intrusion Prevention System Market is part of the Network Security (http://www.networksecurity.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Security Information Event Management and Log Management Global Market Analysis, Identity & Access Management (IAM) Global Market Analysis, Analysis of the Global Network Access Control (NAC) Market, and Analysis of the Global Web Application Firewall Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Analysis of the Global Intrusion Prevention System Market
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SOURCE Frost & Sullivan