DDoS Protection and Mitigation Security Market Outlook
According to the report by Expert Market Research (EMR), The Global DDoS Protection And Mitigation Security Market Size, Share, Analysis, Report and Forecast 2024-2032″, reached a value of USD 3.45 billion in 2023. Aided by the increasing prevalence of cyber threats and the expanding applications of DDoS protection solutions across various industries, the market is projected to further grow at a CAGR of 14.10% between 2024 and 2032 to reach a value of USD 7.56 billion by 2032.
DDoS protection and mitigation solutions act as shields for online services, networks, and applications against DDoS attacks aimed at overwhelming them with more traffic than the server or network can accommodate. The solutions not only prevent service disruptions but also safeguard critical business information. Apart from these protective attributes, DDoS solutions offer real-time threat visibility and instant threat mitigation, making them indispensable for businesses operating in the digital space.
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The increasing cyber threats faced by both large and small organisations are driving the growth of the global DDoS protection and mitigation security market growth. With the accelerating digitalisation of businesses and services, the risk of cyber threats has become more pronounced. This has prompted a significant shift towards more robust and reliable cyber security measures, leading to a surge in demand for DDoS protection solutions.
The expanding applications of DDoS protection solutions in various sectors also play a vital role in DDoS protection and mitigation security market expansion. These applications include sectors such as banking and financial services, where financial transactions and sensitive data are at constant risk of cyber threats. Similarly, sectors like IT and telecommunications, government and defence, and eCommerce, which operate extensively on digital platforms, extensively utilise DDoS protection solutions for safeguarding their digital assets.
Further, the increasing awareness and adoption of cloud-based DDoS protection solutions are contributing to the DDoS protection and mitigation security market development. The cloud-based model offers scalability, cost-effectiveness, and ease of deployment, which has led to its rising popularity. With the growing trend of remote working and increasing reliance on cloud services, the demand for cloud-based DDoS protection solutions is expected to grow significantly.
Moreover, with the advent of 5G technology and IoT devices, the cyber-attack surface has expanded, providing further momentum to the DDoS protection and mitigation security market. As IoT devices often lack adequate security measures, they are susceptible to cyber threats, creating a demand for robust DDoS protection solutions.
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DDoS Protection and Mitigation Security Market Segmentation
The market can be divided based on component, application, deployment mode, organisation size, vertical, and region.
Market Breakup by Component
- Professional Services
- Managed Services
Market Breakup by Application
- Network Security
- Application Security
- Database Security
- Endpoint Security
Market Breakup by Deployment Mode
Market Breakup by Organisation Size
- Small and Middle Size Enterprises
- Large Enterprises
Market Breakup by Vertical
- Government and Defence
- Energy and Utilities
- IT and Telecommunications
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
DDoS Protection and Mitigation Security Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global DDoS protection and mitigation security companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- NetScout Systems, Inc
- Akamai Technologies, Inc
- Radware Limited
- Huawei Technologies Co., Ltd
- Fortinet, Inc
- Cloudflare, Inc.
- Fastly, Inc
- Nexusguard Inc
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