According to the DDoS protection industry analysis carried out by Future Market Insights (FMI), the demand registered in the market will increase at noteworthy CAGR of around 15% from 2022-2032.
The report states that the market is expected to reach the valuation of ~US$ 1,567.8 Mn by end of 2022. As per Future Market Insights, ease of availability of DDoS-for-hire services, high demand for cloud-based and hybrid DDoS protection solutions, and rise in multi-vector DDoS attacks to drive the growth of DDoS protection market in the coming years.
Furthermore, regulations governing CIP and services and the convergence of IT and operational technology (OT) systems are expected to drive the DDoS protection market and present attractive growth possibilities for DDoS protection solution vendors.
Cyberattacks on websites are on the rise, requiring organizations to invest in comprehensive security services to reduce risks in an ever-changing threat landscape. As more businesses and service providers use DDoS protection systems, the need for supporting services is expected to grow.
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Key Takeaways: DDoS Protection Market
· By solution, the software segment is expected to dominate with a leading CAGR of 17.0% in the global demand for DDoS protection over the forecast period, followed by services segment.
· By deployment, the cloud-based DDoS protection solutions are growing dominant with a CAGR of close to 16.0% between 2022 & 2032.
· By enterprise size, demand for DDoS protection solutions from small & medium enterprises (SMEs) is estimated to be growing at higher rate than large enterprises.
· By industry, BFSI industry showing highest growth with dominant market share by 2032. However, the healthcare industry is projected to showcase a tremendous growth of close to 19% between 2022 & 2032.
· By region, North America currently holds highest market share of around 32% in DDoS protection market in 2021, but South Asia & Pacific region is showing highest growth of ~22% CAGR throughout 2032.
“Enterprises of all sizes are aware of the threat of DDoS and are looking into possible remedies. As a result, the DDoS protection industry is fast expanding. DDoS attacks, on the other hand, continue to grow in sophistication and scale, posing a challenge to existing remedies. DDoS is one cyber hazard that must be handled as the globe prepares for the digital transformation era” says FMI analyst.
Intensifying DDoS Attacks from Tech firms to Government Organizations to Propel Demand
Presently the DDoS attacks have expanded in terms of volume, rate, landscape, and technology from a mere hobby to a particular agenda which include threats from hackers, cyber-terrorists, partners, customers, rival companies etc.
For instance, massive ransom DDoS attacks and ransomware campaigns disrupted aspects of critical infrastructure around the world (including one of the largest petroleum pipeline system operators in the US) in the first half of 2021, as well as a vulnerability in IT management software that targeted the public sector, schools, credit unions, and travel organizations, to name a few.
Because of the heightened connection provided by mobile and cloud computing, as well as the increasing threat of sophisticated assaults, there is a growing demand for DDoS protection solutions. The majority of manufacturers are investing billions of dollars in R&D to produce effective firewalls and DDoS protection.
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5G Technology is Likely to Fuel Botnet-driven DDoS Attacks in Near Future
As the globe prepares to welcome in greater speeds and bandwidth capabilities to mobile devices with 5G internet, it must not be overlooked that fraudsters can use these exact capabilities of 5G-enabled mobile devices to conduct large DDoS attacks. Even a small number of such high-capability devices will be enough to do significant damage.
Only enterprises with comprehensive DDoS attack mitigation systems in place will be able to survive these attacks, which are rising in quantity, scale, intensity, complexity, and sophistication. Such factors are estimated to drive the demand for advanced DDoS protection solutions during the forecast period.
Key Players
- Netscout
- Akamai Technology
- Radware
- Huawei Technology
- Fortinet
- Link11
- Imperva
- Cloudflare BT
- A10 Networks
- Fastly
- StackPath
Key Segments Covered in the DDoS Protection and Mitigation Security Market Report
DDoS Protection and Mitigation Security Market by Component:
- DDoS Protection and Mitigation Security Hardware Solutions
- DDoS Protection and Mitigation Security Software Solutions
- DDoS Protection and Mitigation Security Services
- Professional Services
- Managed Services
DDoS Protection and Mitigation Security Market by Application Area:
- DDoS Protection and Mitigation for Network Security
- DDoS Protection and Mitigation for Endpoint Security
- DDoS Protection and Mitigation for Application Security
- DDoS Protection and Mitigation for Database Security
DDoS Protection and Mitigation Security Market by Deployment Mode:
- On-premise DDoS Protection and Mitigation Security
- Cloud-based DDoS Protection and Mitigation Security
- Hybrid DDoS Protection and Mitigation Security
DDoS Protection and Mitigation Security by Vertical
- DDoS Protection and Mitigation Security for Government and Defense
- DDoS Protection and Mitigation Security for BFSI
- DDoS Protection and Mitigation Security for Manufacturing
- DDoS Protection and Mitigation Security for Energy and Utility
- DDoS Protection and Mitigation Security for IT and Telecommunication
- DDoS Protection and Mitigation Security for Healthcare
- DDoS Protection and Mitigation Security for Education
- DDoS Protection and Mitigation Security for Retail
- DDoS Protection and Mitigation Security for Other Verticals
DDoS Protection and Mitigation Security Market by Region:
- North America DDoS Protection and Mitigation Security Market
- Latin America DDoS Protection and Mitigation Security Market
- Europe DDoS Protection and Mitigation Security Market
- Asia Pacific DDoS Protection and Mitigation Security Market
- Middle East and Africa DDoS Protection and Mitigation Security Market
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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