Next-Generation Intrusion Prevention System Market size is expected to reach USD 2.5 Billion by the end of 2036, growing at a CAGR of 15% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size for next-generation intrusion prevention systems was USD 300 million. The market growth is owing to the rising frequency of cyber-attacks. As a result, organizations continue to prioritize cybersecurity resilience, and the adoption of advanced intrusion prevention solutions is set to accelerate. According to a study of over 97 cybercrime victims per hour, this means there is a victim of cybercrime every 37 seconds. In addition, 2 internet users have had their data leaked every second in 2022. Moreover, NGIPS is known to minimize network latency and detect complicated attacks with the fewest false positives. Therefore, attributing to the market growth of next-generation intrusion prevention systems.
In addition, due to the rising sophistication of cyber threats, the need for NGIPS solutions has increased in conjunction with the complexity and intensity of cyberattacks due to their capacity to proactively detect and prevent malware, illegal access, and other harmful activity within networks. Hence, aiding in the NGIPS market growth in the forecast period.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~15% |
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Base Year Market Size (2023) |
~ USD 300 Million |
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Forecast Year Market Size (2036) |
~ USD 2.5 Billion |
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Regional Scope |
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Organization Size (Small and Medium Enterprises & Large Enterprises)
The large enterprise segment is predicted to account for 67% share of the global next-generation intrusion prevention system (NGIPS) market by 2036. The growing adoption of cyber security techniques as a result of harsher fines for mismanaged assets resulting in cyber thefts is responsible for the growth of the sector. As a result, large enterprises are opting for stronger and more reliable cybersecurity solutions which is establishing a path for the market to grow. Furthermore, stringent compliances by the governmental regulatory bodies compel large enterprises to implement cybersecurity solutions to protect consumer data attributing to the growth in the large enterprise segment.
Type (NGIPS Hardware, NGIPS Software & Services)
The NGIPS hardware segment is predicted to account for 60% share of the global next-generation intrusion prevention system market by 2036. The segment growth can be attributed to the rising use in large enterprises due to increasing cyber threats. Various studies indicate that there are 2,300 cyber-attacks per day, with a cyber-attack happening every 39 seconds on average. Furthermore, NGIPS hardware is easy to implement in pre-existing systems because of its compatibility and flexibility allowing manufacturers to collaborate with partners and expand the ecosystem around the NGIPS hardware. Additionally, regulatory compliance requirements drive the demand for dedicated NGIPS hardware. Hence, these factors are further propelling the market for NGIPS hardware.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Deployment Mode |
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Organization Size |
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End-User |
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North American Market Forecast
Next-Generation Intrusion Prevention System market in North America, amongst the market in all the other regions, is anticipated to hold the largest with a share of about 27% by the end of 2036. The market growth in the region is also expected on account of the increasing frequency of cyber threats in the region. According to studies, there were 3,205 instances of data intrusions in the US in 2023. In the same year, there were approximately 353 million people impacted by data intrusions, including exposure, leakage, and breaches. Furthermore, strict privacy and data protection laws, such as the Private Data Protection Law in Mexico and the Protection of Personal Information and Electronic Documents Act in Canada, force businesses and organizations to invest in state-of-the-art cybersecurity solutions to remain compliant with regional regulations propelling the NGIPS market growth in the region.
Moreover, the growth of the NGIPS market in the North American region is anticipated to be fueled by factors like the increasing use of NGIPS in sectors such as technology, healthcare, & finance, technological advancements like the application of AI and ML, the rising demand for cloud-based computing in the region and the rising sophistication in cyberattacks across various industries.
APAC Market Analysis
The Asia Pacific market is estimated to be the second largest, registering a share of about 24% by the end of 2036. The market’s expansion can be attributed majorly to the developing digital ecosystem and rising cyber dangers in emerging economies like China, India, Indonesia, Korea, Malaysia, the Philippines, Taiwan, and Thailand. Studies show that China is number one on the list of nations with the highest prevalence of cybercrime and number three on the list of nations with the most security breaches worldwide. Additionally, in 2023 India had around 2,140 weekly cyberattacks per business which showed a 16% rise over 2022, as a result, India is now the second most targeted country in the Asia-Pacific region. This rise in cybercrime in the region has created a huge need for the adoption of security measures like NGIPS.
Furthermore, the increasing use of next-generation intrusive protection systems in small and medium industries to protect consumer data is also expected to spur market growth in the region. According to research small and medium-sized enterprises (SMEs) make up more than 96% of all Asian businesses.
Author Credits: Abhishek Verma, Hetal Singh
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