Distributed Denial of Service (DDoS) Protection and Mitigation Market Seeing Solid Growth, Reports Adroit Market Research
Growth in various multi-vector DDoS attacks along with rising Internet of Things (IoT) and cryptocurrency-focused DDoS threats drives the demand for DDoS protection and mitigation market
Dallas, United States – April 26, 2021 /MarketersMedia/ —
A distributed denial-of-service (DDoS) attack comprises of a malicious attack to interrupt regular network traffic. DDoS enables businesses to avoid continual threats by having control over their system, which might either infect the system malware. Moreover, it facilitates enterprises to evade the risk related to DDoS attacks. The global DDoS protection and mitigation market size is projected to reach USD 6 billion by 2028.
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The growth in the incidences of network attacks is projected to be a key driver for the implementation of DDoS protection & mitigation solutions. The threat of such attacks is driven by easy access to easy-to-use tools along with a wider criminal understanding of its prospective for a profit via extortion. These attacks target individuals, as well as business systems and individuals and, could lead to huge personal and financial losses. This further enhances the significance of a robust DDoS protection tool.
Based on the organization size segment, the market is bifurcated into two sub-segments that are small & medium enterprises, and large enterprise. In 2019, the large enterprise segment gathered the largest market revenue and it is anticipated to govern the DDoS protection and mitigation market throughout the forecast period. However, the small & medium enterprises segment is projected to grow at a considerable growth rate over the forecast period.
The global DDoS protection and mitigation market has strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
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The global DDoS protection and mitigation market is a wide range to North America, Asia Pacific, Europe, South America, and the Middle East & Africa. North America is considered a mature market in the DDoS protection and mitigation applications, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the DDoS protection and mitigation market in North America.
The major players of the global DDoS protection and mitigation market are NETSCOUT, Imperva, Radware, Cloudflare, Akamai Technologies, Link11, Nexusguard, Fortinet, Huawei Technologies, A10 Networks, Flowmon Networks, Verisign, StackPath, and more. The DDoS protection and mitigation market is fragmented with the existence of well-known global and domestic players across the globe.
Segment Overview of Global Distributed Denial of Service (DDoS) Protection & Mitigation Market
Component Overview, 2018-2028 (USD Billion)
Hardware
Software
Services
Organization Size Overview, 2018-2028 (USD Billion)
SMEs
Large Enterprises
Deployment Type Overview, 2018-2028 (USD Billion)
Network
Application
Database
Endpoint
End-User Overview, 2018-2028 (USD Billion)
BFSI
Telecom & IT
Healthcare
Energy & Utilities
Education
Retail
Others
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code – Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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