DDoS Protection & Mitigation Security Market Size Predicted at $9.63 Billion by 2029

The DDoS protection and mitigation security market size is projected to increase from USD 5.17 billion in 2024 to USD 9.63 billion by 2029, reflecting a CAGR of 13.2% during this period.

DDoS protection and mitigation security growth is driven by several factors, such as the increase and advancement in DDoS attacks, which have created awareness of cyber threats. While the increased use of IoT devices has widened the exposure point, the transition towards the cloud emphasizes achieving protection in scale. Also, cost factors increase consciousness of the legal obligations and defensive potential loss of financial and reputational results from cyber-attacks, forcing organizations to put sound security systems in place. The new generation of the telecommunication network, that is, the 5G network, and the emergence of multi-vector threats also fuel the need for better mitigation strategies.

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DDoS Protection and Mitigation Security Market Dynamics:

Drivers:

1.       Rise in multi-vector DDoS attacks

2.       DDoS attacks during holidays

3.       Ease of availability of DDoS-for-hire services

4.       High demand for cloud-based and hybrid DDoS protection and mitigation security solutions

Restraints:

1.       Budget constraints among SMEs

2.       Easy availability of free and pirated DDoS protection and mitigation security solutions

Opportunities:

1.       Increase in number of DDoS threats across IoT ecosystem

2.       Need for DDoS defense solutions for 5G ecosystem

3.       Highly regulated verticals and gaming sector to create attractive opportunities for DDoS vendors

4.       Rising DDoS threats on cryptocurrency exchange entities

List of Key Companies in DDoS Protection and Mitigation Security Market:

·         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)

By offering, the services segment is projected to register the highest CAGR during the forecast period.

The services offered by DDoS protection and mitigation vendors help safeguard websites, networks, and layer three and layer seven threats. DDoS services protect websites, networks, and critical infrastructure devices, as well as reduce downtime and business risks. These services protect organizations from NTP amplification, DNS amplification, HTTP flood, SYN flood, Slowloris, spoofing, and volumetric attacks. DDoS service providers continuously integrate advanced technologies to stop such DOS/DDoS attacks. Additionally, they provide support services and access to a 24/7 DDoS response team.

Based on the offering, the software solutions segment holds the largest market size during the forecast period.

DDoS protection and mitigation security solutions are essential to safeguard organizations from advanced DDoS attacks. Nowadays, adversaries use readily available software tools to launch sophisticated DDoS attacks. These attacks are mainly of four types, namely, volumetric, asymmetric, computational, and vulnerability-based. The volumetric and application-specific attacks are the most damaging ones. Some crucial DDoS attacks are the NTP amplification attack, DNS attack, R.U.D.Y. attack, SYN flood, and HTTP post attacks. DDoS protection and mitigation security solutions safeguard the website, infrastructure, and DNS from DDoS attacks. DDoS protection and mitigation solutions can be integrated with the cloud, on-premises, and hybrid environments.

Based on region, North America holds the largest market size during the forecast period.

North America is expected to have the largest DDoS protection and mitigation security market size. Organizations in the region, especially in the US, have leveraged the benefits of Al, ML, and deep learning technologies to stay ahead in the market. North American countries have well-established economies, which enable DDoS protection and mitigation security vendors to invest in new technologies. Furthermore, the region is regarded as the center of innovation because the major North American IT companies roll out new offerings, and aggressive collaborations are done. The rapid penetration of mobile devices, such as smartphones, laptops, and USBs, and the imperative need to secure data residing within companies and being transferred over business networks are driving the adoption of DDoS protection and mitigation solutions in North America.

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