The DDoS protection and mitigation market is anticipated to have a prodigious CAGR of 12% during the period of 2023-2031. The DDoS Protection and Mitigation Security Market is anticipated to reach US$ 6.7 Billion in 2031, from US$ 3.2 Billion in 2023.
DDoS protection and mitigation is a process of protecting specific server or a network from a distributed denial of service attacks. DDoS attacks are getting huge and are becoming more disruptive over time. The number of DDoS attacks have hit records high as hackers are varying their techniques to amplify their effects and make them more difficult to mitigate. These attacks have the capability to overtake the computing resources of any data center or an organization that are serving critical users. DDoS attacks are threat to any organization as they can shut down the website of a company permanently. Thus, rising incidences of DDoS attacks is one of the prominent factor driving the overall DDoS protection and mitigation market across the globe.
DDoS attacks do not rely on a particular system weakness or network protocol. It simply exploits the huge resource between the victim and the internet. As the internet architecture is open in nature, any device attached to it is visible publicly to other devices that are attached to enable communication. Threat of DDoS attacks is on every organization irrespective of its size. Consequently, rise in the number of such attacks is testing the limits of existing DDoS mitigation tools. However, realizing the limitations of the traditional protection and mitigation tools, there has been an everlasting demand for advanced solutions and methods in order to overcome the new and everyday challenges. Several organizations are looking forward to adopt, while some have already adopted state-of-the-art DDoS protection and mitigation tools to overcome such attacks.
In view of that, rising demand and adoption of DDoS protection and mitigation solutions across various enterprises and organizations is altogether supporting the market growth. In 2021, on the basis of geography, North America accounted for the largest market share in the overall DDoS protection and mitigation market worldwide. The growth of this region is mainly attributed to the higher and early adoption of DDoS protection and mitigation solutions and services. Several organizations as well as individuals in the region have been victimized due to these attacks which in turn has raised awareness about adopting the same. Owing to this, the region is expected to witness a significant growth in the years to come.
On the other hand, Asia Pacific region is likely to witness several growth opportunities in near future as countries in this region including China, Japan, India, etc. are launching DDoS protection and mitigation solutions or tools. For instance, in March 2018, China United Network Communication Group Co., Ltd. (China Unicorn) developed its biggest DDoS protection and mitigation system with the help of Genie Networks. Both the companies have decided to work together for the purpose of protecting China Unicorn’s own network. Similarly, in July 2016, Huawei Technologies Co. Ltd and Nexusguard Limited together have combined cloud-enabled origin protection and DDoS protection system appliances for the customers who are in need of protecting their systems or networks that are used to process high volume of data.
Key players of DDoS protection and mitigation market includes but are not limited to:
Arbor Networks, Inc., Akamai Technologies, Inc., F5 Networks, Imperva, Inc., Radware, Ltd., Corero Network Security, Inc., Neustar, Inc., Cloudflare, Inc., Nexusguard, Ltd., DOSarrest Internet Security, Ltd. And Others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of DDoS Protection And Mitigation market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Key questions answered in this report