IDS/IPS market shows marginal growth
Product revenues in the worldwide intrusion detection and prevention system (IDS/IPS) are predicted to top US$1.3 billion by 2006, according to Infonetics Research.
Product revenues in the worldwide intrusion detection and prevention system (IDS/IPS) market grew slightly in Q301 over Q402, hitting US$105 million. The figures released by Infonetics Research show growth of only 1% quarter on quarter, however, the research group expects the market to top US$1.3 billion in the 2006.
“The IDS/IPS market is experiencing some disruptive technology shifts right now, and though there will continue to be growth in 2003, the market really takes off in 2004 due to increased global demand from customers of all sizes, and innovations in IDS/IPS technology that make it easier to use, more accurate, and widely available,” says Jeff Wilson, executive director, Infonetics Research.
In terms of market share within the IDS/IPS market, hardware will garner the largest share, accounting for 45%, followed by host-based IDS/IPS with 31% and network-based software with 24%.
However, as the market develops, network-based IDS/IPS software will grow at the fastest rate with a compound annual growth rate (CAGR) of 58% up to 2006.
The research group also reports that jockeying for market share among vendors will be tight with ISS hitting the top spot with 20%, followed by Cisco with 16%. Again, however, Infonetics predicts that changes within the market will occur as more players enter the space.