The DDoS protection and mitigation market size has grown rapidly in recent years. It will grow from $4.18 billion in 2023 to $4.81 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to a rise in DDoS attacks, growing internet dependence, expansion of IoT devices, and e-commerce and online services growth. The DDoS protection and mitigation market size is expected to see rapid growth in the next few years. It will grow to $8.66 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to the emergence of advanced DDoS techniques, 5G network vulnerabilities, integration with threat intelligence, and focus on application-layer attacks. Major trends in the forecast period include collaboration and information sharing, AI and machine learning enhancements, multi-layered defense strategies, zero-day attack prevention, and cloud-based DDoS protection services.
Major Driver In The DDoS Protection and Mitigation Market
The DDoS protection and mitigation market are expected to grow due to the increasing frequency of cyberattacks on websites. Cyberattacks, deliberate and malicious breaches of information systems, pose a threat to network security. DDoS protection and mitigation safeguard servers or networks targeted by distributed denial-of-service attacks. Fortune reported a significant 105% surge in ransomware cyberattacks in 2021. Consequently, the escalating cyberattacks are driving the demand for DDoS protection and mitigation, influencing market growth. The market sizes for 2023, 2024, and 2028 were not explicitly provided.
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DDoS Protection and Mitigation Market Competitive Landscape
Amazon.com Inc., Lumen Technologies Inc., Fortinet lnc., Akamai Technologies Inc., F5 Networks Inc., Check Point Software Technologies Ltd., Verisign lnc., Neustar Inc., Cloudflare Inc., Netscout Systems Inc., Kaspersky Lab, Imperva Inc., Fastly lnc., Radware Inc., A10 Networks lnc., NSFOCUS Information Technology Co. Ltd., Alibaba Group, StackPath LLC, AireSpring Inc., Arbor Networks Inc., Flowmon Networks a.s., Nexusguard Ltd., Corero Network Security Inc., GreyCastle Security LLC, SiteLock LLC, Sucuri Inc., Impulse Point LLC, Link11 GmbH, Seceon lnc., Dosarrest Internet Security Ltd., MazeBolt Technologies Ltd., Cloudblock B.V., NS8 lnc.
Key DDoS Protection and Mitigation Market Trend
Technological advancements are a key trend in the DDoS protection and mitigation market. Leading companies are focusing on developing new technologies to strengthen their market position. For example, in 2021, Mazebolt Technology, an Israel-based DDoS protection and cybersecurity company, launched the MazeBolt Radar, the world’s first DDoS risk assessment product. This patented technology offers DDoS protection through simulations on live production systems without causing downtime. It ensures continuous DDoS mitigation without disruptions.
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DDoS Protection and Mitigation Market Segmentation
The DDoS protection and mitigation market covered in this report is segmented –
1) By Component: Hardware Solution, Software Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Size: Small and Medium Enterprises, Large Enterprises
4) By Application: Network security, Endpoint Security, Application Security, Database security
5) By End-User: IT and Telecom, Government, Education, Other End-Users
By Geography:The regions covered in the ddos protection and mitigation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the DDoS protection and mitigation market in 2023.
The DDoS Protection and Mitigation Global Market Report 2024 furnishes information about the global ddos protection and mitigation market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
