DDoS Protection and Mitigation Solutions Market Growth Opportunities to 2026: Strong Demand for Cloud-Based and Hybrid DDoS Protection and Mitigation Solutions


DUBLIN, January 13, 2022–(BUSINESS WIRE)–The “DDoS Attack Protection and Mitigation Security Market by Component (Hardware Solution, Software Solutions and Services), Scope, Deployment Mode (On-Premise, Cloud and Hybrid) Vertical and Region – Global Forecast for 2026 Report” has been added to from ResearchAndMarkets.com offer.

The global DDoS attack protection and mitigation market size is expected to grow from USD 3.3 billion in 2021 to USD 6.7 billion by 2026, at a compound annual growth rate (CAGR) of 15. 1% from 2021 to 2026.

Major factors driving the DDoS protection and mitigation market include rising demand for sophisticated security solutions, changing regulatory landscape, and increasing volumes of business data across all industries.

Cyberattacks on websites are increasing at an alarming rate and have forced organizations to adopt robust security services to address risks in the ever-changing threat landscape. With the increasing adoption of DDoS solutions in organizations and service providers, the demand for support services is also expected to increase among organizations. The service-based DDoS protection and mitigation market is segmented into professional and managed services. Further, the professional services segment is segmented into design and implementation, consulting and consulting, training and education, and support and maintenance. Since most enterprises lack the technical expertise to manage their network infrastructure and application layer attacks, professional service providers offer ways to overcome this problem.

Services offered by DDoS protection and mitigation providers help protect websites, networks, Layer 3 and Layer 7 threats. DDoS services protect websites, networks and critical infrastructure devices , while reducing downtime and business risk. These services protect organizations against NTP amplification, DNS amplification, HTTP flooding, SYN flooding, Slowloris, spoofing, and volumetric attacks. DDoS attacks ranging from 200 Gbps to 1.3 Gbps are the largest and most damaging. DDoS service providers are continuously integrating advanced technologies to stop these DoS/DDoS attacks. Additionally, they provide support services and access to a 24/7 DDoS response team.

DDoS attacks result in the illegitimate transfer of 3 million or more packets per second, tying up the resources of legitimate users. Services offered by DDoS protection and mitigation vendors have been categorized into professional and managed services. Some vendors also offer DDoS testing services to test resources against high-intensity DDoS attacks.

Main topics covered:

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  • Attractive market opportunities in the market – Increase in multi-vector DDoS attacks, ease of availability of DDoS services for hire, and high demand for cloud-based and hybrid DDoS protection and mitigation solutions to drive demand for protection solutions and DDoS mitigation

  • Market share of top three industry verticals and regions – Energy & Utilities vertical and North America will be the fastest growing markets in their respective segments in 2021

  • Market, By Component – DDoS protection and mitigation hardware solutions will dominate the market in 2021

  • Market, By Application Area – Application Security will be the most sought-after application area during the forecast period

  • Investment Scenario for the Market – Asia Pacific will be the best market to invest in during the forecast period

Market dynamics

Drivers

  • Increase in multi-vector DDoS attacks

  • Ease of availability of Ddos-For-Hire services

  • Strong demand for cloud-based and hybrid DDoS protection and mitigation solutions

Constraints

Opportunities

  • Increase in the number of DDoS threats in the IoT ecosystem

  • Need for DDoS defense solutions for the 5G ecosystem

  • Vertical markets and a highly regulated gaming industry to create attractive opportunities for DDoS providers

  • Increase in DDoS Threats to Cryptocurrency Exchange Entities

Challenges

  • Attack sweep period, large-scale traffic defense with zero latency, and SSL-encrypted attacks in the DDoS zone

  • Shortage of security skills among security professionals and lack of advance planning among companies

Companies cited

  • A10 networks

  • Activereach

  • Akamai Technology

  • Attribute

  • BT

  • Cloudy

  • Corero

  • DDoS-Guard

  • Quickly

  • Fortinet

  • Stop

  • Huawei Technology

  • imperva

  • Industry

  • Link11

  • netscout

  • nexus guard

  • Phoenixnap

  • Radware

  • Riorey

  • Section

  • stack path

  • Stratacore

  • Sucuri

  • Verisign

For more information about this report visit https://www.researchandmarkets.com/r/lxuqb4

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See the source version on businesswire.com: https://www.businesswire.com/news/home/20220113005477/en/

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