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The DDOS protection mitigation market is estimated to grow at a CAGR of 14.85% between 2022 and 2027. The size of the market is forecast to increase by USD 30,437.14 million. The growth of the market depends on several factors, including the growing number of DDoS attacks, growing reliance on digital services as a driver, and utilizing cyber insurance.
This report extensively covers market segmentation by application (network security, application security, database security, and endpoint security), component (hardware solution, software solution, and services), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global distributed denial of service (DDoS) protection and mitigation market as a part of the global IT consulting and other services market within the global IT services market. The super parent global IT services market cover companies offering IT consulting and system integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and Internet services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The growing number of DDoS attacks is notably driving the market growth, although factors such as DDoS protection solutions deployment and management complexity may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key DDoS Protection Mitigation Market Driver
The growing number of DDOS attacks is notably driving market growth. A DDoS attack is a type of cyberattack in which a target system is bombarded with traffic from numerous compromised computers, rendering the system unavailable to its intended users. The rise in connected devices, growing reliance on digital services, and rise in threat actors looking to disrupt or take advantage of these services are all contributing factors to the rise in DDoS attacks. As a result, businesses now need to defend themselves against DDoS attacks because they can cause substantial financial losses, reputational harm, and disruption of operations. Businesses now are looking for DDoS protection solutions to secure their online services and defend against DDoS attacks.
Network-based protection, cloud-based protection, and hybrid solutions that combine the two can all be part of these solutions. The demand for DDoS protection solutions has also increased as a result of the growing use of cloud-based services, the expansion of IoT, and the rollout of 5G, as these technologies create new attack surfaces and boost the number of connected devices that can be used to launch DDoS attacks. As businesses look to secure their online services and defend against these disruptive and expensive attacks, there is a growing demand for DDoS protection solutions, which is also expected to increase in the coming years. Therefore, owing to these factors the distributed denial of service (DDoS) protection and mitigation market will grow during the forecast period.
Significant DDoS Protection Mitigation Market Trend
Strategic initiatives by the vendors are an emerging trend in the market. There have been a few recent developments that can be assumed as significant trends with respect to market players strengthening their position in the market in focus.
The Prolexic DDoS protection platform, for instance, was announced by Akamai. It is a substantial upgrade with the global implementation of new, entirely software-defined scrubbing centers. This platform is expected to increase the platform's dedicated defense capacity to 20 Tbps. Similarly, Radware introduced a new DDoS defense tool known as Cloud DDoS Protection Service, which is intended to offer thorough defense for cloud-based services and applications. The solution provides granular control over network traffic to avoid false positives while detecting and mitigating DDoS attacks using real-time threat intelligence and sophisticated machine learning algorithms. Therefore, these recent developments are expected to fuel the growth of the global DDoS protection and mitigation distributed denial of service (DDoS) protection and mitigation market during the forecast period.
Major DDoS Protection Mitigation Market Challenge
DDoS protection solutions deployment and management complexity are major challenges impeding market growth. DDoS protection solutions typically require the deployment of hardware, software, and network configurations in addition to their integration with current networks and systems. This calls for in-depth knowledge of networking protocols, security best practices, and the most recent DDoS attack methods and tools.
The management of DDoS protection solutions can also be difficult because it necessitates continuous monitoring and fine-tuning to guarantee that the solutions are effective against changing threats. Especially for businesses with extensive and complex networks, this process can be time- and resource-consuming. Additionally, because of the complexity of deployment and management, it may be challenging for organizations to effectively respond to DDoS attacks in real time because they may lack the knowledge or resources needed to quickly recognize and stop the attack. As a result, the DDoS protection and mitigation market is faced with a significant challenge due to the complexity of DDoS protection solution deployment and management. Thus, such factors can hinder the growth of the global distributed denial of service (DDoS) protection and mitigation market during the forecast period.
Key DDoS Protection Mitigation Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global DDoS Protection Mitigation Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Corero Network Security Plc - The company operates under one segment. The company under this segment offers Distributed Denial of Service (DDoS) cyber defense solutions. The key offerings of the company include cloudflare distributed denial of service protection solutions.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the network security segment will be significant during the forecast period. DDoS attacks pose a serious risk to network security because they can overwhelm a server or network with too much traffic, rendering it inaccessible to users. Organizations use DDoS protection and mitigation solutions to stop these attacks.
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The network security segment was valued at USD 7,920.03 in 2017 and continue to grow by 2021. Using DDoS protection and mitigation to secure websites and online services is one of its main uses. For e-commerce websites, financial institutions, and other businesses that rely on their online presence, this is especially crucial. These businesses may suffer sizable financial losses as a result of DDoS attacks that prevent customers from using their services. Furthermore, securing vital infrastructure, such as power grids, water treatment facilities, and hospitals is another use for DDoS protection and mitigation. These businesses are especially at risk from DDoS attacks because they offer crucial services that cannot be interrupted. These organizations can guarantee the continuation of their operations even in the face of a DDoS attack by implementing DDoS protection. DDoS protection and mitigation is helpful for safeguarding gaming servers, Voice over Internet Protocol (VoIP) services, and other kinds of online services in addition to these applications. Due to their extensive user bases and high bandwidth needs, these services are particularly vulnerable to DDoS attacks. DDoS protection and mitigation is, therefore, a crucial part of network security because it aids in shielding organizations' critical infrastructure and online presence from the negative effects of DDoS attacks. Thus, owing to such factors the segment is expected to grow during the forecast period.
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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America dominates the global distributed denial of service protection and mitigation market. The region has always been at the forefront of the adoption of new technologies. One of the major reasons for this is the presence of major technology companies, such as Apple, Microsoft, Intel, Google, Oracle, IBM, and NVIDIA, which strive to stay ahead of the competition. Due to the rise in cyberattacks, increased reliance on the internet, and other digital services, there has been a significant increase in the demand for DDoS protection and mitigation solutions in North America in recent years. The market is also expanding as a result of the rising demand for cloud-based DDoS protection tools, the expansion of IoT and cloud computing, and the rising popularity of cyber insurance. The financial sector, followed by the IT & telecom sector, is also the largest adopter of DDoS protection solutions in North America. The adoption of DDoS protection solutions is also anticipated to increase significantly in the healthcare sector. Consequently, it is anticipated that during the forecast period, the North American DDoS protection and mitigation market will expand significantly.
In 2020, due to the rising demand for online services and remote work, the COVID-19 pandemic had a significant impact on the market in North America. The United States Computer Emergency Readiness Team (US-CERT) estimates that there were 50% more DDoS attacks in 2020 than there were in 2019. As more businesses look to secure remote work environments, the pandemic also caused a shift toward cloud-based DDoS protection solutions. Businesses were also cautioned by the Federal Bureau of Investigation (FBI) about the increased risk of cyberattacks during the pandemic. Moreover, in 2021, due to the initiation of large-scale vaccination drives, several business and industrial activities resumed, which increased the demand for DDoS protection and mitigation in the region. Hence, owing to these factors, the regional DDoS protection and mitigation market in the region is expected to grow during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
DDoS Protection Mitigation Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.85% |
Market growth 2023-2027 |
USD 30,437.14 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
13.43 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 39% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
A10 Networks Inc., Akamai Technologies Inc., BT Group Plc, Cloudflare Inc., Corero Network Security Plc, DDoS-Guard, F5 Networks Inc., Fastly Inc., Fortinet Inc., Haltdos Inc. Ltd., Huawei Technologies Co. Ltd., Imperva Inc., Link11 GmbH, NetScout Systems Inc., Nexusguard Inc., Radware Ltd., Ribbon Communications Operating Co. Inc., Sitelock LLC, TransUnion LLC, and Amazon.com Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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