Global DDoS Protection and Mitigation Market size was valued at US$ 2.87 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 15.3% through 2021 to 2027, reaching nearly US$ 7.8 Bn.
DDoS Protection and Mitigation Market Overview:
The Global DDoS Protection and Mitigation Market DDoS mitigation is the technique of successfully shielding a target against a distributed denial of service (DDoS) attack. The process of detecting traffic flow anomalies that could indicate the start of a DDoS attack is known as detection. The application areas of DDoS Protection and Mitigation include network security, endpoint security, application security, and database security. Industry verticals of the DDoS prevention and mitigation market include government and defence, BFSI, manufacturing, energy and utility, IT and telecommunication, healthcare, education, and retail.
Historical Forecast Period:
Maximize Market Research report presents the analysis of each segment from 2021 to 2027 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2020to 2027.
DDoS Protection and Mitigation Market Overview and Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the DDoS Protection and Mitigation Market segments which include products, applications, and competitor analysis.
Demand for DDoS protection and mitigation is expected to rise during the forecast period of 2021-2027, driven by factors such as the need to mitigate increasing network and application targeted DDoS attacks, rising penetration of Internet of things (IoT) and connected devices, and an increase in demand from small and medium enterprises. Additionally, over the forecast period, the usage of hosted DDoS protection solutions is likely to enhance worldwide DDoS protection and mitigation market sales. Organizations are progressively expanding their cooperation and mitigation solutions all across the world.
The Internet of Things (IoT) is an interconnected network of devices that can interact and connect with one another at any time. The IoT ecosystem is made up of a variety of devices, gateways, servers, and other endpoints. As IoT grows popularity in a range of industries, such as smart manufacturing, healthcare, and connected cars, and expands the scope of its applications, the network in use is growing more intricate, and the number of devices in the connected ecosystem is proliferating. As the corporate environment evolves, so do the security requirements. As IoT devices become more common in our lives, the risk of new botnets infecting, attacking, and wreaking havoc grows.
IoT device numbers are quickly increasing, and many industry verticals are developing new technological use cases based on IoT devices. They are susceptible to large-scale DDoS attacks. As a result, strong DDoS prevention and mitigation solutions are required to protect the entire infrastructure from DDoS attacks caused by IoT devices. Other famous botnets include Reaper, Satori, and WireX. As the danger environment of IoT devices grows, so will the demand for DDoS prevention and mitigation solutions and services.
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Segmentation:
The market is divided into Hardware Solution, Software Solution, and Services based on the component. During the projected period 2021-2027, the services segment is expected to increase at a CAGR of percent. Website cyber-attacks are on the rise, pushing companies to invest in comprehensive security services to reduce risks in an ever-changing threat landscape. The demand for support services is projected to rise as more businesses and service providers embrace DDoS solutions. Professional services include design and implementation, consulting and advisory, training and education, and support and maintenance. Because most businesses lack the technical expertise to manage their network infrastructure and application layer threats, professional service providers provide solutions to address this difficulty.
Government and Defense, BFSI, Manufacturing, Energy and Utility, IT and Telecommunication, Healthcare, Education, Retail, and Other are the different segments of the market. By 2027, the BFSI segment is estimated to have the greatest market share of percent. The BFSI industry is one of the important infrastructure segments that undergoes multiple data breaches and cyber-attacks due to the vast customer base that the sector serves and the financial information that is at stake. Because the financial industry is a highly profitable operating model with fantastic earnings and the extra plus of relatively low risk and detectability, cybercriminals are optimising a variety of devilish cyber-attacks to immobilise it. Trojans, malware, ransomware, mobile banking malware, data breaches, and data theft, to name a few, are all part of the danger environment for these attacks.
Furthermore, according to NETSCOUT, the number of DDoS attacks on financial businesses grew significantly in April 2020, with the United Kingdom witnessing 14 times more attacks by June 2020 than in 2019. The volume of DDoS traffic directed towards the banking industry in the UK reached 32.3 Gbps in July 2020. As a result, the demand for distributed denial of service (DDoS) in the banking and financial industries is fast increasing.
Key Players:
• ARBOR NETWORKS
• F5 Networks
• Radware
• IMPERVA
• Cloudfare
• Neustar
• A10 Networks
• Nexusgaurd
• Fortient
• Zenedga
• Fortinet
• NETSCOUT
• Link11
• Huawei Technologies
• Akamai Technologies, Inc.
• Corero Network Security, Inc.
• DOSarrest Internet Security, Ltd.
Regional Analysis:
Regional analysis is another highly comprehensive part of the research and analysis study of the DDoS Protection and Mitigation Market presented in the MMR report. Local development plans are often affected by the performance of DDoS Protection and Mitigation market. Our report briefly explains all the factors, market size, growth rate, import and export in regions covering North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This research has provided market trends, key opportunities, factors affecting of particular regions, to examine the global and domestic DDoS Protection and Mitigation market and these findings have been strategically presented in the report.
Competition Landscape:
Most of the key players present in the DDoS Protection and Mitigation Market are focusing on mergers and acquisitions to expand their geographic presence and gain a competitive edge. Meanwhile, some of the other players are updating their existing product portfolios and adding innovative screens to keep up with the high consumer demand and generate more sales.
Key questions answered in DDoS Protection and Mitigation Market report
- What was the market size of DDoS Protection and Mitigation Market in 2020 and forecast up to 2027?
- Which is the largest regional DDoS Protection and Mitigation Market?
- What are the major trends followed in DDoS Protection and Mitigation Market across different regions?
- Who is the key DDoS Protection and Mitigation Market companies leading the market?
- What are the key strategies adopted by the leading DDoS Protection and Mitigation Market companies in market?
- Unique data points of this report
- Statistics on DDoS Protection and Mitigation Market penetration and spending worldwide
- Recent trends across different regions in terms of adoption of DDoS Protection and Mitigation Market for various end-use.
- Notable developments going on in DDoS Protection and Mitigation Market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2020 (actual) and 2027 (forecast)
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