Westford, USA, Sept. 20, 2022 (GLOBE NEWSWIRE) — Global intrusion detection system market was valued at USD 5.9 billion in 2021, and it is expected to attain a value of USD 8.64 billion by 2028 with a CAGR of 5.6% over the prediction period (2022–2028).
With the increasing amount of online crime, businesses and individuals are looking for an intrusion detection system (IDS) to help safeguard their networks. A study released in September by SkyQuest found that the demand for IDSs will grow 30% by 2024. The primary reasons for this growth are increased cyber-attacks and concerns over data privacy. IDSs can be used to monitor network activity, identify anomalous behavior, and report any suspicious activity to administrators. Many systems in the intrusion detection system market also include intrusion prevention capabilities to protect against malicious attacks. Some of the most popular IDSs include those from F-Secure, Symantec, and Juniper Networks.
Despite the numerous benefits that IDSs offer, their installation and maintenance can be complicated and expensive. Consequently, there is constant demand for affordable but effective IDSs in the global intrusion detection system market. Some recent innovations in the market have attempted to meet this need by developing low-cost intrusion detection systems (LIDSs). LIDSs are typically composed of inexpensive sensors and algorithms that can be deployed on individual machines or across a network. As a result, LIDSs are ideal for small businesses and home users who do not have the resources or budget to invest in an IDS solution.
There are many different types of IDSs in the intrusion detection system market, but the most common are network-based IDSs and host-based IDSs. Network-based IDSs monitor traffic flowing over the network and host-based IDSs monitor activity within individual hosts. Both types of IDSs have their advantages and disadvantages, but they’re both very useful in protecting networks from malicious attacks. In addition to protecting networks, an IDS can also be used to identify and block unauthorized access to computers and data.
This comprehensive report provides detailed analysis of the global market for intrusion detection systems, including market size, growth drivers, trends, and opportunities.
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Report Highlights Following Key Findings
-IDS use cases are expanding beyond network perimeter security to include fraud prevention, managing mobile and BYOD deployments, responding to insider threats, and controlling escalation of incidents.
-Organizations in the intrusion detection system market are increasingly turning to hybrid IDS architectures that blend traditional behavioral analysis with artificial intelligence techniques and big data analytics to improve performance and visibility across all data points.
-The top 6 vendors maintain an overall lead in the market but their share is declining; consequently, new entrants are seizing opportunities to enlarge their footprints.
-Almost two-thirds of enterprises now have an intrusion detection system in place, with 57% expecting to add more over the next three years.
– The primary motivation for deploying IDSs in the intrusion detection system market is protection against malicious activity, with 43% citing this as their top reason.
– IDS solutions come in both on-premises and cloud-based models, with the latter being favored by younger organizations.
SkyQuest report includes an in-depth analysis of the key drivers and trends shaping the market, as well as a detailed segmentation of the market. This report is a valuable tool for companies operating in the intrusion detection system market, as it provides comprehensive insights that can help them formulate strategies to stay ahead of the competition.
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Top 6 Players Hold 53% Share of Intrusion Detection System Market
In the last few years, the intrusion detection system market has undergone a rapid transformation as companies and organizations around the world have become increasingly aware of the necessity to protect their networks and data. This has led to a steep increase in competition in the IDS industry, with many companies seeking to differentiate their products by offering unique features or expanding into new markets. As per SkyQuest, top 6 players including Kaspersky, MacAfee, Cisco, IBM, and FireEye are holding over 53% market share
Many providers in global intrusion detection system market are now offering expanded feature sets that include not only traditional network intrusion detection but also intrusion prevention and event management (IPEM). This expanded functionality enables providers to better protect their customers’ networks from both known and unknown threats. Additionally, many providers are now focusing on developing artificial intelligence (AI) capabilities that can automatically identify suspicious activity and subsequent threats.
While this more competitive landscape in the intrusion detection system market is good for consumers, it can lead to increased pricing and limited options for some organizations. Fortunately, there are plenty of affordable options available that offer feature-rich IDS implementations without reaching extortionate pricing points. In addition, many providers offer flexible subscription plans that allow customers to trial their products before committing to a longer-term contract.
However, SkyQuest study suggests that this intense competition can also have negative consequences on the intrusion detection system market. For example, it can drive down prices and increase quality standards. This may mean that users receive a better product at a lower price than they would otherwise. Furthermore, it can lead to innovation being slowed down as companies focus on developing efficient rather than innovative solutions. Overall, while competition is good for users in terms of quality and price, it can sometimes have negative impacts.
The report provides a detailed overview of the key players in the IDS market, including their product offerings and business strategies. It also includes a competitive landscape of the IDS market. SkyQuest’s report is a valuable resource for companies looking to enter or expand their presence in the global IDS market.
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Top Players in Global Intrusion Detection System Market
- Cisco Systems (US)
- IBM (US)
- McAfee (US)
- Trend Micro (Japan)
- Palo Alto Networks (US)
- AT&T (US)
- Darktrace (US and UK)
- FireEye (US)
- AlertLogic (US)
- Fortinet (US)
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AUTOCANADA ANNOUNCES PROMOTIONS AND EXPANDS LEADERSHIP TEAM
AutoCanada Inc. (“AutoCanada” or the “Company”) (TSX: ACQ), a multi-location North American automobile dealership group, announced key promotions and additions to its leadership team.
Jeff Thorpe, who joined the Company as President, Canadian Operations in April 2022, will have responsibility for all operations in North America as President, North American Operations. Brian Feldman, who joined as Senior Vice President, Canadian Operations and Disruptive Technologies in April 2022, has been appointed as Chief Operating Officer of the Company.
“Jeff and Brian have proven themselves over the last year and have been instrumental in driving our strong performance through their focus on operational initiatives in Canada. We are very pleased to provide Jeff with the increased responsibility of oversight over our U.S. operations, in addition to Canadian operations, and to appoint Brian as the Chief Operating Officer of the Company,” said Paul Antony, Executive Chairman of the Company.
In addition, Drew Forret will be appointed as Chief Administrative and Transformation Officer and Michael Fera will join as Vice President, Financial Planning and Analysis, each effective in the fourth quarter of 2023. These new roles will support the Company’s renewed focus on fiscal discipline.
“We are very excited to welcome Drew and Michael to the AutoCanada team. Drew and Michael’s significant and proven experience in driving high-performance business cultures with scalable best practices and fiscal discipline will be invaluable for AutoCanada as we continue on the next leg of our journey,” said Mr. Antony.
Drew has over 20 years of experience focusing on the leadership and scaling of growth-based organizations. He most recently held the position of Chief Operating Officer and Chief Financial Officer of Voices, a platform that connects businesses with professional voice talent. Prior to Voices, Drew was the Chief Operating Officer and Chief Financial Officer of CarProof, a provider of vehicle history reports, and President of Activplant, an originator of manufacturing intelligence software. Michael has over a decade of experience in financial planning and analysis. He joins us from Tim Hortons, Canada’s leading quick-service restaurant chain, where he served as Head of Finance for the Canadian business. In addition, Michael held several operational roles spanning development, franchising, non-traditional business and real estate during his tenure with Tim Hortons.
Huawei’s Brand-New Digital and Intelligent Foundation Upgrades Aviation and Rail Industries
SHANGHAI, Sept. 25, 2023 /PRNewswire/ — In parallel with HUAWEI CONNECT 2023, Huawei’s Aviation & Rail BU held three global summits specifically oriented to the BU’s niche.
Using an upgraded digital and intelligent foundation, Huawei dives deep into a wide variety of industry scenarios and expedites the intelligent development of aviation and rail through multi-dimensional awareness, ubiquitous connectivity, and open platforms.
China West Airport Group (CWAG) chose Huawei to jointly develop a comprehensive intelligent transformation strategy.
According to Lin Bin, CWAG’s Deputy General Manager, his company has created 35 intelligent solutions for security, operations, services, and other scenarios using Huawei’s high-performance computing power and open intelligent platforms, as well as advanced algorithms for the industry.
For airport operations, digital and intelligent ground handling solutions forecast the real-time status of flights, passengers, and resources, as well as promptly generating warnings. They also intelligently dispatch ground handlers as needed. The solutions increase ground support efficiency by 20% and shorten the time support takes by 17%. In addition, smart airport operation solutions have introduced the optimal flight plan result model to achieve best supply-demand matching and AI-assisted operation command.
Ever-evolving technologies have brought both challenges and opportunities to enterprise digital transformation and intelligent upgrade. Li Junfeng, Vice President of Huawei and CEO of Huawei’s Aviation & Rail BU, delivered an opening speech at the global railway summit. He explained that as GSM-R gradually exits the market, the railway industry requires a next-generation mobile communications system to ensure efficiency and benefits, as well as maintain high-quality development. In response, Huawei is thinking about how it can leverage AI to better serve the railway industry, and have built practices and made remarkable achievements during its journey.
Huawei teamed up with Huitie Technology to develop the Smart Railway TFDS Solution, which uses the Pangu Railway Model with 3 billion parameters. The solution covers all TFDS scenarios and effectively identifies over 430 types of faults on 67 vehicle models with a comprehensive fault identification rate exceeding 99.3%. It ensures near-zero missed inspections for critical faults and triples the operational efficiency.”
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Hexagon’s Sixth Sense Announces Nine Startups to Transform Manufacturing Sustainability and Digital Reality
Selected innovators leading the charge in reshaping manufacturing for a sustainable future
COBHAM, England, Sept. 25, 2023 /PRNewswire/ — Today, Hexagon’s Manufacturing Intelligence division announced the nine manufacturing startups chosen for its third Sixth Sense cohort. The selected companies were chosen from a highly competitive pool of hundreds of applicants, distinguishing themselves with groundbreaking solutions addressing critical manufacturing challenges, with a focus on sustainability and digital reality.
The selected startups, which hail from seven countries, bring unique approaches to some of today’s most critical manufacturing challenges, such as improving product sustainability, eliminating waste, capturing real-time data, automating design, and incorporating cobots into production lines. As part of the Sixth Sense program, they will gain access to Hexagon’s invaluable market insights, accumulated over decades of collaboration with industry-leading technology giants, which will accelerate their journey to commercial success.
Hexagon, the industrial software leader that plays a pivotal role in manufacturing 90% of aircraft, 75% of smartphones, and 95% of all automobiles worldwide, launched Sixth Sense in January 2022. This initiative is designed to nurture startups within the manufacturing industry by supporting them with Hexagon’s extensive resources.
The nine startups are:
Acerta Analytics, Canada: Acerta Analytics provides advanced analytics solutions that leverage machine learning and artificial intelligence (ML/AI) to turn complex product data into actionable insights. The solution enables automakers and suppliers of complex vehicle parts to improve quality in manufacturing processes and supports early defect detection.Circularise, Netherlands: Circularise offers digital product passports for end-to-end traceability and secure data exchange in industrial supply chains. Its technology helps companies achieve transparency and sustainability by tracking the lifecycle of products and materials.Dessia, France: Dessia offers a platform featuring virtual “bots” that serve as companions to assist engineers in designing mechanical systems. These virtual assistants provide support and insights throughout the design process.Flexxbotics, Boston, US: Flexxbotics specialises in enabling high-mix automation-intensive manufacturers to create flexible next-generation machining environments. It utilises breakthrough FlexxCORE™ technology to seamlessly connect and coordinate collaborative robots with existing automation equipment, IT systems, and personnel to deliver autonomous process control.Launchpad, Los Angeles, US: Launchpad utilises AI and advanced simulation technologies to automate aspects of the design, procurement, and manufacturing process. Its focus is on concepts like mass customization, micro-factories, and software-defined robotics to create shorter supply chains, reduce waste, and deliver new features faster in the manufacturing industry.Rafinex, Luxembourg: Rafinex’s stochastic AI topology optimization for safe, lightweight designs. This technology actively manages uncertainty and risks of real-life variability to create uniquely robust designs that remain safe even in off-design load conditions for application in safety-critical performance sectors such as aerospace, automotive, and tooling.RV Magnetics, Slovakia: RV Magnetics has developed the world’s smallest passive sensor based on MicroWire technology. This sensor combines unique capabilities from electromechanics, electronics, chemistry, physics, applied magnetism, and industrial design, offering diverse applications.ToffeeAM, London, UK: ToffeeAM provides state-of-the-art multi-physics generative design software for engineering. Its mission is to empower engineers to optimise engineering components and systems efficiently, enabling them to go further and faster in design processes.Zaptic, Manchester, UK: Zaptic provides job instruction and collaboration tools for frontline teams, along with a no-code toolkit designed to accelerate the digital transformation of daily operations. The solutions help organizations streamline processes and improve communication among frontline workers.These startups will embark on an intensive 16-week journey as part of the Sixth Sense program, collaborating closely with Hexagon to refine their offerings. Ultimately, up to three winners will be selected from the cohort, granting them access to Hexagon’s extensive resources for global expansion, including potential funding, worldwide office space, and Hexagon’s comprehensive suite of products and services. Additionally, they will be showcased on Hexagon’s open digital reality platform for manufacturing, Nexus, providing them access to world-class companies.
“For this third cohort, we’ve been on the hunt for new innovations that enable manufacturing leaders to lead the net-zero transition – especially with sustainable product design – and we’re thrilled with the caliber of the startups we’ve found to participate,” said Josh Weiss, president of Hexagon’s Manufacturing Intelligence division. “Sixth Sense is designed to pinpoint emerging opportunities for greater innovation, and we’re thrilled to give these companies that are poised for high-growth access to resources and customers that they typically wouldn’t have at this stage in their lifecycle.”
“Hexagon’s commitment to nurturing innovation and driving sustainable manufacturing practices continues to shine through,” said Milan Kocić, head of Sixth Sense, Hexagon. “Each of these startups has demonstrated their capacity to address pressing manufacturing challenges with creativity and determination. Much like our previous cohorts have addressed critical industry challenges, we believe these innovators will play a crucial role in shaping a sustainable future for the manufacturing industry.”
About Sixth SenseHexagon technologies are used to manufacture 90% of aircraft, 75% of smartphones, and 95% of every automobile produced worldwide. It has the scale, the network, and the ambition to make a difference. As we enter the era of Industry 4.0, Sixth Sense was launched to discover smart and efficient solutions that will boost performance and benefit people and the planet. By inviting the next generation of innovators to the table, Hexagon aims to share its resources and make connections that accelerate progress – pushing the boundaries of design, manufacturing, and engineering and starting to imagine a better future for the benefit of everyone. To follow Sixth Sense, and learn about the ecosystem and opportunities for participation, visit https://sixthsense.hexagon.com/.
About HexagonHexagon is the global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.
Our technologies are shaping production and people related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future. Hexagon’s Manufacturing Intelligence division provides solutions that use data from design and engineering, production and metrology to make manufacturing smarter. For more information, visit hexagon.com/mi.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,000 employees in 50 countries and net sales of approximately 5.2bn EUR. Learn more at hexagon.com and follow us @HexagonAB.
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Fraud Detection and Prevention Market size worth USD 146.54 Billion, Globally, by 2030 at 16.98% CAGR: Verified Market Research®