The DDoS Mitigation Services report is an in-depth examination of the global DDoS Mitigation Services’s general consumption structure, development trends, sales techniques, and top nations’ sales. The global DDoS Protection and Mitigation market size is expected to grow from USD 4.1 billion in 2021 to USD 9.7 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 17.2% from 2021 to 2029..
Leading players of DDoS Mitigation Services including:
Cloudflare, Arbor Networks, Akamai, Radware, A10 Networks, Oracle Dyn, Imperva, Fastly, F5
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COVID 19 Impact
- Adopting rapid digital transformation strategies due to COVID-19 has instantly increased the need of security, followed by other issues such as performance, availability, security, and increased IT costs, necessitating DDoS Protection and Mitigationsolutions and services.
- COVID-19 has increased the focus of Secured network connection on use of internet in its operations. This is increasing the importance of DDoS protection.
- Due to advantages such as interconnectivity and better management DDoS Protection and Mitigationsolutions and services witnessed an increased demand during the pandemic.
- With maximum companies still working in WFH and hybrid work models, the demand for DDoS Protection and Mitigation for security assessments is further expected to increase for effective SIEM and threat intelligence across the globe.
Opportunity: Increase in number of DDoS threats across IoT ecosystem
Internet of Things (IoT) refers to interconnected devices that have ubiquitous communication and connection between them. The IoT ecosystem consists of numerous devices, gateways, servers, and other endpoints. With IoT gaining traction in a multitude of industries, such as smart manufacturing, healthcare, and connected vehicles, and expanding the scope of its applications, the network in use is growing complex and number of devices in the connected ecosystem is multiplying. With changes in the business environment, security requirements are also changing.
By component, the Services Segment Is Expected to Grow at the Highest Cagr During the Forecast Period
Cyberattacks on websites are increasing at an alarming rate and have compelled organizations to adopt robust security services to address risks in the continuously evolving threat landscape. With the increasing adoption of DDoS solutions across organizations and service providers, the demand for supporting services is also expected to increase among organizations. The DDoS protection and mitigation market on the basis of services is segmented into professional and managed services. Furthermore, the professional services segment is segmented into design and implementation, consulting and advisory, training and education, and support and maintenance. As most of the businesses lack the technical expertise to manage their network infrastructure and application layer attacks, the professional service providers offer ways to overcome this problem.
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North America to hold the largest market size during the forecast period
Among all the regions, North America is expected to be the largest contributor in terms of the adoption of DDoS protection and mitigation solutions and services. The top countries contributing to the growth of the DDoS protection and mitigation market in the region are the US and Canada. The organizations in the countries of this region, especially in the US, have leveraged the benefits of AI, ML, and deep learning technologies to stay ahead in the market. North American countries have well-established economies, which enable DDoS protection and mitigation vendors to invest in new technologies
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Asia Pacific to grow at the highest CAGR during the forecast period
Across APAC, there are a number of prosperous economies with well-developed cyber ecosystems. The economies include India, China, Australia, and New Zealand. These economies show rapid adoption of DDoS protection and mitigation solutions to gain visibility into their networks. The large enterprises and SMEs in APAC countries are recognizing the significance of data security. They are now more receptive toward adopting dedicated DDoS protection and mitigation solutions to protect their critical and sensitive business data from commercial espionages, cyber threats, and computer hackers. Additionally, the increasing advancements in mobility and rising cloud adoption in APAC, coupled with mandatory compliance to certain government regulations for resolving data security issues, have compelled the companies in the region to adopt DDoS protection and mitigation solutions. Moreover, with the rising intensity and complexity of cyber-attacks, the data security concerns of the businesses in the region have further heightened. According to a report by Imperva, the Asia pacific was the target for Network DDOS attacks in the first half of 2021 which was 46% of all the attacks.
DDoS Protection and Mitigation Market, By Component
- Hardware Solution
- Software Solution
- Services
Market, By Application Area
- Network security
- Endpoint Security
- Application Security
- Database security
DDoS Protection and Mitigation Market, By Deployment Mode
Market, By Vertical
- Government and Defense
- BFSI
- Manufacturing
- Energy and Utility
- IT and Telecommunication
- Healthcare
- Education
- Retail
- Other
Market Dynamics
Drivers
- Rise in Multi-Vector DDoS Attacks
- Ease of Availability of Ddos-For-Hire Services
- High Demand for Cloud-Based and Hybrid DDoS Protection and Mitigation Solutions
Restraints
- Budget Constraints Among SMEs
- Easy Availability of Free and Pirated DDoS Protection and Mitigation Solutions
Opportunities
- Increase in Number of DDoS Threats Across IoT Ecosystem
- Need of DDoS Defense Solutions for 5G Ecosystem
- Highly Regulated Verticals and Gaming Sector to Create Attractive Opportunities for DDoS Vendors
- Rising DDoS Threats on Cryptocurrency Exchange Entities
Challenges
- Sweep Period of Attacks, Large-Scale Traffic Defense with Zero Latency, and SSL Encrypted Attacks in the DDoS Area
- Dearth of Security Skills Among Security Professionals and Lack of Pre-Planning Among Enterprises
Partnerships, Collaborations and Agreements
• Radware and INAP, a hybrid infrastructure solutions provider, announced a partnership in August 2021 to provide global cloud web application security and protection against distributed denial of service (DDoS) attacks. Radware’s security protections will be deployed by INAP to organisations in a variety of industries, including ad tech, healthcare, entertainment and gaming, financial services, ISF, and software as a service.
Product Development
• Corero Network Security (CNS), a provider of real-time, high-performance DDoS cyber defence solutions, announced in March 2022 that it had expanded its automatic protection against Botnet and Carpet Bomb attacks. The company’s mission is to make the internet a safer place to do business by preventing DDoS attacks from causing disruption and downtime.
Product Launch
• Bigleaf Networks launched an automated DDoS mitigation service in January 2022 that works across multiple circuits to help businesses provide more dependable connectivity to their users by protecting their internet connections from overt and passive attacks and interruptions. Businesses facing upcoming DDoS compliance requirements, those who have experienced DDoS attacks, and businesses with limited resources to implement and manage their own DDoS mitigation services will benefit from the new service.
• GenieATM systems were launched in March 2018 by China Unicom (Hong Kong) Limited and Genie Networks Ltd to build the world’s largest DDoS protection and mitigation system.
• Continent 8 Technologies Plc announced the launch of its new Cloud WAF product, which is powered by Fortinet Cloud by Fortinet, Inc. in March 2019. Fortinet’s WAF-as-a-service technology is provided by CONTINENT 8 TECHNOLOGIES PLC. Continent 8 Technologies Plc has expanded its WAF technology portfolio to provide web application, API, and DDoS security on a global scale.
• NSFOCUS launched its 7Tbps Cloud Distribution DDoS Protection in May 2019. This will assist organisations in surviving DDoS attacks of any length, size, or complexity. Service providers, data centre customers, and gaming providers can use this protection solution to protect their digital presence from downtime and DDoS attacks. It will enable customers to have uninterrupted and high-quality online interactions. With the addition of the best DDoS mitigation, NSFOCUS has expanded its global presence.
Mergers and Acquisitions
• Netscout acquired Eastwind in April 2019 to expand its security analytics.
• Radware bought SecurityDAM for $30 million in February 2022, with up to $12.5 million in contingent payments for Radware’s cloud DDoS protection service after the deal.
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