PUBLISHER: The Business Research Company | PRODUCT CODE: 1436188
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436188
DDoS protection and mitigation services safeguard servers or networks targeted by distributed denial-of-service attacks.
DDoS (Distributed Denial of Service) protection and mitigation encompass three key components such as hardware solutions, software solutions, and services. Hardware solutions offer defense mechanisms against external attacks. These solutions can be deployed both on-premises and in the cloud, providing flexibility in implementation. The spectrum of organization sizes adopting these measures ranges from small and medium-sized enterprises (SMEs) to large enterprises. DDoS protection finds applications across network security, endpoint security, application security, and database security, catering to diverse end-users such as IT and telecom, government entities, educational institutions, and other sectors seeking robust protection against DDoS attacks.
The DDoS protection and mitigation market research report is one of a series of new reports from The Business Research Company that provides DDoS protection and mitigation market statistics, including DDoS protection and mitigation industry global market size, regional shares, competitors with a DDoS protection and mitigation market share, detailed DDoS protection and mitigation market segments, market trends and opportunities, and any further data you may need to thrive in the DDoS protection and mitigation industry. This DDoS protection and mitigation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The ddos protection and mitigation market size has grown rapidly in recent years. It will grow from $4.18 billion in 2023 to $4.81 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth observed in the historical period can be attributed to an increase in Distributed Denial of Service (DDoS) attacks, a growing reliance on the internet, the expansion of Internet of Things (IoT) devices, and the substantial growth of e-commerce and online services.
The ddos protection and mitigation market size is expected to see rapid growth in the next few years. It will grow to $8.66 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. Anticipated growth in the forecast period is expected due to the emergence of advanced DDoS techniques, vulnerabilities in 5G networks, increased integration with threat intelligence, and a heightened focus on application-layer attacks.
Increasing cyberattacks are boosting the demand for DDoS protection and mitigation solutions. These attacks, aiming to disrupt information systems, are spurring the need for defense mechanisms. Fortune reported a 105% increase in ransomware cyberattacks in 2021, underscoring the market's growth trajectory.
The surge in internet penetration is anticipated to fuel growth within the DDoS protection and mitigation market. As internet usage reaches a broader population, ensuring the availability and reliability of online services becomes paramount. Statistics from DataReportal in December 2021 revealed 311.3 million internet users in the United States, showcasing an internet penetration rate of 91.8%. This escalating internet penetration drives the demand for DDoS protection and mitigation services.
Technological advancements are reshaping various markets, including the DDoS protection and mitigation sector. Mazebolt Technology's launch of MazeBolt Radar in 2021 marked a milestone, offering the world's first DDoS risk assessment product. This technology, operating on live production without downtime, ensures uninterrupted DDoS protection, reinforcing the significance of cutting-edge solutions in cybersecurity.
Cloud web DDoS protection and mitigation refer to the use of cloud-based services and technologies to defend against and alleviate the impact of Distributed Denial of Service (DDoS) attacks on web applications and services. May 2023 witnessed the introduction of Radware Inc.'s DefensePro X, addressing the escalating threat landscape of Layer 7 (L7) DDoS attacks. With advanced behavioral algorithms, it swiftly identifies and neutralizes intricate threats without disrupting legitimate traffic, ensuring comprehensive protection for organizations.
In January 2021, Link 11, Europe-based DDoS protection and cyber security company, acquired DOSarrest Internet Security Limited for an undisclosed amount. This acquisition provides Link 11 with an extended and strengthened security services infrastructure and will give them new customers who are dependent on digital services and processes. Link 11 believes that with DOSarrest it will be able to expand around the globe and strengthen its position as a leading provider of DDoS protection solutions. DOSarrest is a Vancouver-based provider of DDoS protection services that serves multiple customers across the globe.
Major companies operating in the ddos protection and mitigation market report are Amazon.com Inc., Lumen Technologies Inc., Fortinet lnc., Akamai Technologies Inc., F5 Networks Inc., Check Point Software Technologies Ltd., Verisign lnc., Neustar Inc., Cloudflare Inc., Netscout Systems Inc., Kaspersky Lab, Imperva Inc., Fastly lnc., Radware Inc., A10 Networks lnc., NSFOCUS Information Technology Co. Ltd., Alibaba Group, StackPath LLC, AireSpring Inc., Arbor Networks Inc., Flowmon Networks a.s., Nexusguard Ltd., Corero Network Security Inc., GreyCastle Security LLC, SiteLock LLC, Sucuri Inc., Impulse Point LLC, Link11 GmbH, Seceon lnc., Dosarrest Internet Security Ltd., MazeBolt Technologies Ltd., Cloudblock B.V., NS8 lnc.
North America was the largest region in the DDoS protection and mitigation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ddos protection and mitigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ddos protection and mitigation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The DDoS protection and mitigation market consist of revenues earned by entities by providing hybrid DDoS protection and mitigation security. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
DDoS Protection and Mitigation Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ddos protection and mitigation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ddos protection and mitigation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ddos protection and mitigation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.