Growing Advancement in AI ML Technologies to Drive the Market Growth

Published: May 2024

Global next-generation intrusion prevention system (NGIPS) market is anticipated to grow at a significant CAGR of 14.6% during the forecast period (2024-2031). The advantages of using NGIPS owing to its advanced technology is a key factor driving he global market growth. The NGIPS technology, in contrast to a typical IPS, makes use of machine learning (ML) powered analytics engines that can detect attacks that avoid detection by conventional misuse-based and anomaly-based engines. By using statistical data models driven by machine learning (ML) technology, NGIPS security efficacy is increased by reducing security holes that are exploited by encryption and obfuscation.

Browse the full report description of “Next-Generation Intrusion Prevention System (NGIPS) Market Size, Share & Trends Analysis Report by Solution (NGIPS Hardware, NGIPS Software and Services), by Enterprise Size (Small and Mid-Sized Enterprises (SMEs) and Large Enterprises), and by Industry (BFSI, Government and defense, Healthcare, IT and telecom, Retail and eCommerce, Manufacturing, Energy and Utilities and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/next-generation-intrusion-prevention-system-market

Furthermore, ML collects information about anomalous network activity, extracts relevant insights from the data, and then automatically generates features to construct and verify statistical models for threat detection. In order to create NGIPS and maintain their competitiveness in the market, a number of security intrusion prevention system (IPS) businesses are incorporating ML technology into their IPS systems.

In April 2024, Fortinet and IBM cloud collaborated protect the workloads of clients from increased cyber security threats. IBM and Fortinet have been working together since 2008 to help clients secure cloud networks and workloads. This collaboration has provided the Fortinet Virtual FortiGate Security Appliance (vFSA) on IBM Cloud. Fortinet’s new offering has integrated all the capabilities of Fortinet’s FortiGate hardware firewall form factor with the availability and flexibility of virtual appliances. 

In January 2023, Radware introduced new cyber security partner program. The global program has new and existing ecosystem which partners a more lucrative and systematic approach to creating, managing, and growing sales opportunities based on Radware cloud services and solutions. 

Market Coverage

The market number available for – 2023-203

Base year- 2023

Forecast period- 2024-2031

Segment Covered- 

o By Solution

o By Enterprise Size

o By Industry

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includesMcAfee LLC., Palo Alto Networks, Trend Micro Inc., Check Point Software Technologies Ltd., Fortinet Inc. and Cisco Systems Inc.,among others.

Key questions addressed by the report.

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Next-Generation Intrusion Prevention System (NGIPS) Market Report Segment

By Solution

NGIPS Hardware

NGIPS Software

Services

o Professional Service

? Consulting

? Training and Education

? Support and Maintenance

o Managed Service

By Enterprise Size

  • Small and Mid-Sized Enterprises (SMEs)
  • Large Enterprises

By Industry

  • BFSI
  • Government and defense
  • Healthcare
  • IT and telecom
  • Retail and eCommerce
  • Manufacturing
  • Energy and Utilities
  • Others

Global Next-Generation Intrusion Prevention System (NGIPS) Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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