DDoS Protection Market Size, Share, Growth, and Industry Analysis, By Type (UDP Flood, ICMP Flood, SYN Flood, HTTP Flood, Others), By Application (Mobile, Date Center, Government and Carrier Transport), Regional Insights and Forecast To 2032

Updated On: 22 April 2024

DDoS Protection Market REPORT OVERVIEW

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The global DDoS protection market size was expected to be USD 1532.9 million in 2021 and the market is projected to touch USD 8972.2 million by 2032, exhibiting a Compound annual growth rate (CAGR) of 17.3% during the forecast (2024-2032). In the market study, our analysts have considered DDoS protection players such as F5 Networks, Arbor Network, Radware, Akamai Technologies, Neustar, Imperva, Cloudflare, Century Link, Nsfocus, A10 Networks, Nexusguard, Verisign, StackPath, SiteLock, Fortinet, Corero Network Security and Link11

The COVID-19 pandemic has been unprecedented and staggering, DDoS protection experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

By protecting the final destination and relay networks, DDoS mitigation is a technique or apparatus used to counter the impact of accelerated denial-of-service assaults on a web-connected network. Protection of endpoints and mitigation against complex and advanced DDoS attacks are made possible with the aid of DDoS protection and mitigations. Vendors have been motivated to develop affordable cloud and mixed solutions by the significant demand for DDoS avoidance solutions from SMBs.

However, large companies continue to gain more traction with on-premises software, hardware, and integrated solutions. The DDoS protection market growth is expected to have strong demand over the estimated time period for solutions that are hybrid that combine both on-premises hardware and cloud services.

COVID-19 Impact: Worrisome Rise in Network Attacks to Advance Market Growth

Working settings have changed significantly since the COVID-19 pandemic, moving virtually exclusively online. Globally, more people are starting to work, study, and shop online than ever before. This is also reflected in the objectives of recent DDoS assaults, with the internet properties associated with healthcare organizations, delivery services, gaming, and educational platforms being the most often targeted targets.

The widespread use of DDoS protection systems is expected to be significantly influenced by the worrisome rise in network attacks. The risk of such assaults is fueled by simple access to tools plus a more thorough grasp of the potential for extortion profit among criminals. These kinds of assaults directly target people and business systems, which could have significant financial and personal consequences.

Additionally, DDoS attacks are becoming more frequent and sophisticated, according to Cloudflare. The overall amount of computer layer attacks observed in Q3 increased once more from Q1 to Q2, increasing by 4x when compared to the first quarter's pre-COVID-19 levels. Additionally, the company saw a record number of attack vectors in use. Memcached along with Jenkins attack types were all on the rise, whereas SYN, RST, along with UDP floods are still the most prevalent attacks, according to the business.

Hence, by the proliferation of the above-mentioned attacks the DDoS protection market sharess was uplifted.

LATEST TRENDS

"Growth in the Acceptance of Tech-Savvy Workspace to Stimulate Market Development  "

One of the key forces driving progress, in addition to the rise in the acceptance of tech-savvy workspace throughout corporate offices providing IT, research, and laboratories, is the need for ergonomic and practical office furniture among employees who work from home.

Consumer lives are changing significantly as a result of increased disposable income, particularly in urban areas. The emergence of high-end, technologically advanced items is simplifying the lives of professionals and workaholics. This would support the sector's growth in the ensuing years. In addition, as people's disposable income has grown, they have started to think about their social position, which has led to more spending on items including furnishings.

DDoS Protection Market SEGMENTATION

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• By Type

Based on type; the market is divided into UDP flood, ICMP flood, SYN flood, HTTP flood, others

UDP flood is the leading part of the type segment.

• By Application

Based on the application; the market is divided into mobile, date center, government and carrier transport

Mobile is the leading part of the application segment.

DRIVING FACTORS

"BFSI Sector to Aid Market Expansion "

The market is divided into the following vertical segments: government and defense, business and financial services, manufacturing, energy and utilities, IT and telecommunications, medical, educational, retail, and other. The BFSI sector is anticipated to hold the largest share of the market. Due to its enormous client base and the sensitive financial data at risk, the BFSI sector is one of the crucial infrastructure segments that frequently experiences data breaches and cyberattacks. Cybercriminals are developing a host of nefarious cyber-attacks to paralyze the financial system since it is a highly lucrative operating model with incredible earnings and the added plus of relatively minimal risk and detectability.

"Defense Against DDoS Solutions Needed for the 5G Ecosystem to Foster Industry Progress  "

The latest cellular technology, or 5G services, are being rolled out by telecommunications service providers in an effort to increase the speed and responsiveness of mobile networks. Due to the development of the Internet of Things, AR augmented reality, along with virtual reality (VR) smartphones, voice applications, and audio and video material, there has been a constant expansion of data traffic. Higher network capacity is needed due to the exponential growth in data traffic; 5G services are anticipated to offer 1 Gbps more bandwidth than 4G services. Because 5G networks have more capacity, DDoS attackers have more opportunities to launch significant DDoS assaults that can affect billions of mobile and Internet of Things (IoT) devices.

Internet service providers (ISPs) must implement real-time and automation DDoS security systems to prevent high-frequency DDoS attacks due to the complexity and speed of networks. A10 Network's cellular operator survey research reveals that 63% of respondents think that protecting 5G networks will require sophisticated DDoS protection and mitigating security measures. Internet service providers (ISPs) must implement real-time and automatic DDoS security systems to prevent high-frequency DDoS attacks due to the complexity and speed of networks. A10 Network's cellular operator survey research reveals that 63% of respondents think that protecting 5G networks will require sophisticated DDoS protection safety precautions.

RESTRAINING FACTORS

"Long Assault Windows to Hinder Market Advancement  "

However, there are several restrictions and difficulties that will prevent the market from expanding. While the market is being challenged by long assault windows, significant zero-latency traffic security, SSL-encrypted DDoS assaults, a lack of security expertise among security experts, and a lack of long-term planning on the part of businesses.

DDoS Protection Market REGIONAL INSIGHTS

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"Rising Usage of New Technologies in North America to Support Market Advancement  "

The worldwide DDoS protection market has been divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa based on regional analysis. North America will rule the worldwide DDoS protection market throughout the forecast period. Due to the rising usage of new technologies and the stricter acceptance of cybersecurity solutions, the North American area is projected to hold a significant portion of the market. The region's end-user industries are becoming more dependent on modern security systems as a result of the requirement to meet strict regulatory and compliance requirements, which is positively affecting market growth.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• F5 Networks (U.S.)
• Arbor Network (U.S.)
• Radware (Israel)
• Akamai Technologies (U.S.)
• Neustar (U.S.)
• Imperva (U.S.)
• Cloudflare (U.S.)
• Century Link (U.S.)
• Nsfocus (China)
• A10 Networks (U.S.)
• Nexusguard (Singapore)
• Verisign (U.S.)
• StackPath (U.S.)
• SiteLock (U.S.)
• Fortinet (U.S.)
• Corero Network Security (U.K.)
• Link11 (Germany)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.