DDoS Protection and Mitigation Market is expected to foresee significant growth. North America to lead the growth!
- Himanshu Patni
- November 20, 2022
- TELECOM & IT
- DDoS Protection and Mitigation Market, DDoS Protection and Mitigation Market Growth, DDoS Protection and Mitigation Market Share, DDoS Protection and Mitigation Market Size, DDoS Protection and Mitigation Market trends
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The DDoS Protection and Mitigation Market is expected to register a CAGR of around 14% over the period of 2021-2027. An increase in the DDoS threats on the IoT Platforms, and the rise in the availability of IoT devices are some of the key factors that are contributing to the market growth of the DDoS protection and mitigation market. DDoS mitigation is a set of techniques or tools used for resisting the impact of distribution denial-of-service attacks on networks attached to the Internet by protecting the target and relay networks. The DDoS protection and mitigation solutions and services help to offer protection and mitigation on endpoints from advanced and sophisticated DDoS attacks. The high demand for DDoS prevention solutions from SMEs has encouraged vendors to introduce, cost-effective cloud-based and hybrid solutions. However, on-premises hardware, software, and integrated solutions continue to see increased traction among large enterprises.
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Based on components, the DDoS protection and mitigation security market is segmented into hardware, software, and services. The services segment is expected to dominate the DDos protection and mitigation security market during the forecast period due to the rise in protection solutions among the organization’s service providers. DDoS protection and mitigation providers help protect websites, networks, and Layer 3 and Layer 7 attacks. DDoS protection services protect your website while reducing downtime and business risk. These services protect against NTP proliferation, DNS signaling, HTTP floods, SYN floods, spoofing, and volume attacks.
Based on the industry vertical the market is segmented into government and defence, BFSI, manufacturing, IT and telecommunication, healthcare, retail, and others. The BFSI segment is expected to dominate the market, due to the huge client base that the industry serves and the banking details at risk. Moreover, the BFSI industry is among the main infrastructure segments that experience multiple data breaches and cyber-attacks. As a very profitable operating model with spectacular returns and the added benefit of lower risk and detection range, cybercriminals are optimizing a slew of horrible cyberattacks to disrupt the financial system.
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For a better understanding of the market adoption of the DDoS Protection and Mitigation industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, and the Rest of North America); Europe (Germany, U.K., France, Italy, Spain, and Rest of Europe); Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. Asia-Pacific is expected to witness the highest CAGR during the forecast period on account of the growing population in countries like China and India. These emerging economies are growing their middle-class populations in bustling urban centers, putting ever-increasing demands on Internet users, furthermore, the region is projected to be the fastest-growing market for smartphones, and is the home of the lowest data packs in the world.
Major companies in the industry are Netscout, Akamai Technology, Radware Huawei Technology, Fortinet, Link11 Imperva, Cloudflare BT, A10 Networks, and Fastly.
DDoS Protection and Mitigation Market Segmentation
Market Insight, by Component
Market Insight, by Deployment
Market Insight by Industry Vertical
- Government and Defense
- IT and Telecommunication
Market Insight, by region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Akamai Technology
- Huawei Technology
- Cloudflare BT
- A10 Networks