According to market research report "DDoS Protection and Mitigation Market by
Component (Hardware Solutions, Software Solutions, and Services), Application
Area (Network, Application, Database, and Endpoint), Deployment Mode,
Organization Size, Vertical, and Region - Global Forecast to 2023",
The DDoS protection and mitigation market size is expected to grow from USD
1.94 Billion in 2018 to USD 4.10 Billion by 2023, at a Compound Annual Growth
Rate (CAGR) of 16.1% during the forecast period.
The DDoS protection and mitigation market is gaining
traction, due to the rise in volumetric DDoS attacks that cause traffic
congestion by flooding networks with numerous illegitimate network packets.
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The high demand for cloud-based and hybrid DDoS
protection and mitigation solutions among enterprises is expected to drive the
DDoS protection and mitigation market over the next 5 years.
The services segment is expected to play a key role
in the DDoS protection and mitigation market.
The services segment is expected to play a vital
role in changing the DDoS protection and mitigation market landscape and grow
at the highest CAGR during the forecast period. Services offered by DDoS
protection and mitigation vendors are classified into professional and managed
services. The rise in the demand for DDoS services is due to the need to
protect websites, networks, and critical infrastructure devices, as well as, to
reduce the downtime and business risks. Cyberattacks on websites are increasing
at an alarming rate and have compelled organizations to adopt robust security
services for addressing risks in the continuously evolving threat landscape.
Services offered by DDoS protection and mitigation vendors help safeguard
websites, networks, and layer 3 and layer 7 threats.
The Small and Medium-sized Enterprises (SMEs)
segment is expected to grow at the fastest rate.
In the DDoS protection and mitigation market, Small
and Medium-sized Enterprises (SMEs) are expected to be the fastest-growing
segment, as these enterprises have become the key targets for cyber terrorists
or hacktivist. SMEs need to appraise their security systems to effectively
close the gaps that slowdown the performance of their servers. Hence, it has
become essential for SMEs to incorporate DDoS protection techniques, such as
scrubbing services, Border Gateway Protocol(BGP) routing, sinkholing, null
routing, and Domain Name Server(DNS) routing.
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North America is expected to have the largest market
size in the DDoS protection and mitigation market.
North America is expected to have the largest market
size in the DDoS protection and mitigation market, due to the growing trends
such as Internet of Things (IoT), Internet of Everything (IoE), Industrial
Internet of Things (IIoT), and Bring Your Own Device (BYOD) have brought tremendous
growth in the region. Asia Pacific (APAC) is expected to be the fastest-growing
region during the forecast period, owing to the factors such as the region has
a large number of established SMEs that are growing at an exponential rate and
these enterprises are increasingly adopting DDoS protection and mitigation
solutions and services. Furthermore, the market in regions such as Middle East
and Africa (MEA) and Latin America is expected to grow, due to the increasing
technological proliferation across manufacturing, and energy and utilities
industry verticals.
Major vendors in the DDoS protection and mitigation
market include Arbor Network (US); Akamai Technologies (US); F5 Networks (US);
Imperva (US); Radware (Israel); Corero Network Security (US); Neustar (US);
Cloudflare (US); Nexusguard (Hong Kong); A10 Networks, (US); Fortinet (US);
Huawei Technologies (China); Verisign (US); Zenedge (US), Sucuri (US); SiteLock
(US); Flowmon Networks (Czech Republic); StackPath, (US); DOSarrest Internet
Security (Canada); Century Link (US) ; NSFOCUS (US); Corsa Technology (Canada);
Rackspace (US); Allot (Israel); and Seceon(US).
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MarketsandMarkets™ INC.
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Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
