The DDoS protection and mitigation security market is projected to expand from USD 3.9 billion in 2022 to USD 7.3 billion by 2027, reflecting a Compound Annual Growth Rate (CAGR) of 13.2% over the forecast period. This growth is driven by a strong demand for cloud-based and hybrid DDoS protection and mitigation solutions.
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111952874
By component, services segment is expected to register the fastest growth rate during the forecast period.
With the increasing adoption of DDoS solutions across organizations and service providers, the demand for supporting services is also expected to increase among organizations. As most businesses lack the technical expertise to manage their network infrastructure and application-layer attacks, professional service providers offer ways to overcome this problem.
The services offered by DDoS protection and mitigation vendors help safeguard websites, networks, layer three and layer seven threats. DDoS services protect websites, networks, and critical infrastructure devices, as well as reduce downtime and business risks. The DDoS service providers are continuously integrating advanced technologies to stop such DoS/DDoS attacks. Additionally, they provide support services and access to a 24/7 DDoS response team.
By vertical, BFSI is estimated to account for largest market share in 2022
The BSFI institutions face distinctive challenges related to economic risks, such as loss of financial data and customer information for internal and external transactions in case of network failure. These networks are exposed to threats because of network tampering or cyberattacks, which may lead to network failure or financial instability. The rise in the adoption of BYOD and work from home trends and the increasing number of botnet and Mirai botnet attacks due to IoT, cloud storage data leaks, and fragile data center security have placed the BFSI infrastructure at risk. Therefore, DDoS protection and mitigation solutions would play a crucial role in the BFSI vertical.
Asia Pacific is likely to emerge as fastest-growing market during forecast period
Asia Pacific is projected to be the fastest-growing market for DDoS protection and mitigation security solutions due to the adoption of new technologies, rising investments in digital transformation, and growing GDP in the Asia Pacific countries. Developed economies, such as China, Japan, and India, which are the most technologically advanced, are the highest contributors to the DDoS protection and mitigation security market in the region. According to NetScout attacks in Asia Pacific increased by 7% as other regions subsided. Amid ongoing geopolitical tensions in China, Hong Kong, and Taiwan, the Asia Pacific region saw the most significant increase in attacks year over year compared to other regions. Thus, promoting rapid adoption of DDoS protection and mitigation security solutions in the region.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=111952874
Unique Features in the DDoS Protection and Mitigation Security Market
DDoS protection and mitigation solutions are equipped with sophisticated threat detection systems that can identify and respond to malicious traffic in real-time. These systems utilize advanced algorithms and machine learning to distinguish between legitimate and harmful traffic, enabling timely and accurate responses to prevent or minimize the impact of DDoS attacks.
Many DDoS protection services are offered through cloud-based platforms, which provide scalable and flexible defense mechanisms. Cloud-based solutions can absorb and mitigate large-scale attacks by leveraging the extensive resources of cloud infrastructure, ensuring that traffic surges do not overwhelm the targeted systems.
Hybrid DDoS protection combines on-premises and cloud-based defenses, offering a layered security strategy. This approach allows organizations to leverage the strengths of both local and cloud solutions, providing comprehensive protection against a wide range of attack vectors and ensuring continuity of service during large-scale attacks.
DDoS protection solutions often include real-time monitoring and analytics capabilities. These features allow organizations to continuously observe traffic patterns, analyze potential threats, and gain insights into attack trends. This proactive approach helps in understanding and responding to attacks more effectively.
Automated response features in DDoS protection systems enable immediate action against detected threats. Automated mechanisms can reroute traffic, filter out malicious packets, and deploy countermeasures without manual intervention, reducing the time it takes to mitigate attacks and minimizing their impact on business operations.
Major Highlights of the DDoS Protection and Mitigation Security Market
The market is experiencing a strong demand for cloud-based DDoS protection solutions. These cloud-based services offer scalable and flexible defenses, capable of handling large-scale attacks by leveraging the vast resources of cloud infrastructure to ensure uninterrupted service and protect against significant traffic surges.
Hybrid DDoS protection solutions, which combine on-premises and cloud-based defenses, are gaining traction. This approach provides a comprehensive defense strategy by integrating local and cloud-based measures, enhancing the ability to manage a wide range of attack vectors and maintain operational continuity.
Real-time monitoring and analytics are becoming key components of DDoS protection services. The ability to continuously track and analyze traffic patterns allows organizations to detect and respond to potential threats more effectively, improving their overall security posture and minimizing the impact of attacks.
The incorporation of automated response mechanisms is a significant highlight. These features enable immediate actions against detected DDoS threats, such as rerouting traffic and filtering malicious packets, which helps reduce the response time and limit the damage caused by attacks.
DDoS protection solutions are increasingly being integrated with existing security infrastructure, such as firewalls and intrusion detection systems. This integration ensures a cohesive security approach, enhancing overall defense capabilities and simplifying the management of security measures.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=111952874
Top Companies in the DDoS Protection and Mitigation Security Market
The major vendors covered in the DDoS protection and mitigation security market include NetScout (US), Akamai (US), Radware (Israel), Huawei Technology (China), Fortinet (US), Link11 (Germany), Imperva (US), Cloudflare (US), BT (England), A10 Networks (US), Fastly (US), Nexusguard (Singapore), Corero (UK), RioRey (US), PhoenixNAP (US), Allot (Israel), StrataCore (US), Sucuri (US), Verisign (US), StackPath (US), Seceon (US), Haltdos (India), DDoS-Guard (Russia), Indusface (India), Activereach (UK), and Mlytics (Singapore).
Akamai Technologies is a global and key player in the DDoS protection and mitigation market. It specializes in web and mobile acceleration, DNS and traffic management, media delivery, cloud security, and CDN. Its cloud security portfolio includes application protection, bot management, DDoS mitigation, and threat protection products. Akamai’s DDoS protection and mitigation portfolio includes Kona Site Defender, Web Application Protector, Fast DNS, and Prolexic. Kona Site Defender protects websites and applications from advanced DDoS attacks. The Kona Site Defender offers features such as site shield, adaptive caching, site failover, access control, net storage, log delivery service, Security Information and Event Management (SIEM) integration, and ISO 27002 compliance management module. Prolexic helps protect enterprises from the network layer and application layer DDoS attacks. Prolexic offers significant features, such as a customizable protection model, global network support, DDoS monitoring, attack support, and SOC support. The company helps enterprises reduce network and infrastructure costs while increasing their throughput over time. Akamai provides its security solution to enterprises to protect their websites, applications, and users from ever-rising threats. Some of the significant security customers of the company include Alliant Credit Union, Fidor Bank, Nuance Healthcare, and Red Hat.
NetScout is one of the leading application and network performance management solutions and products providers. NetScout’s product portfolio comprises business assurance, service assurance, and security assurance, along with advanced DDoS attack and threat solutions and Business Intelligence (BI) solutions. It offers various technology-based solutions, such as Network Functions Virtualization (NFV), Software-Defined Networking (SDN), core network, Information Management System (IMS) monitoring, and radio access. It caters to a wide range of industry verticals, including government, retail banking, healthcare, pharmaceuticals, utilities, manufacturing, Banking, Financial Services, and Insurance (BFSI), education, and transportation. Arbor Networks is a security division of NetScout which provides leading products and services in the DDoS protection and mitigation market. Arbor Networks has an extensive DDoS protection and mitigation product portfolio, including Arbor Networks APS, Arbor Cloud, and Arbor Networks TMS.
Radware headquartered in Israel, is a prominent player in the DDoS protection and mitigation security market. Leveraging its advanced solutions and global presence, Radware offers a comprehensive range of products and services to safeguard organizations against DDoS attacks. Some of Radware’s key offerings include DefensePro, a real-time DDoS protection device known for its ability to detect and mitigate attacks with minimal false positives. Additionally, Radware provides cloud DDoS protection services, offering robust defense against volumetric, application-layer, and encrypted attacks. With its expertise and innovative solutions, Radware continues to be a leading choice for organizations seeking reliable DDoS protection solutions.
Media Contact
Company Name: MarketsandMarkets Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103
City: Delray Beach
State: FL 33445
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/ddos-protection-mitigation-market-111952874.html
