DDoS Protection Market Size by Type, By Distribution Channel, And Forecast till 2022-2031
The Distributed Denial of Service (DDoS) protection and mitigation market size is estimated to grow from USD 824.4 million in 2022 to USD 2,162.9 million by 2031
Key Companies Covered in the DDoS Protection Market Research are Akamai Technologies, Inc. (U.S.), F5 Networks (U.S.), Imperva, Inc. (U.S.), Radware, Ltd. (Israel), Corero Network Security, Inc. (U.S.), and other key market players.
Increasing instances of enterprise-targeted DDoS attacks is expected to drive the DDoS protection and mitigation market
The Distributed Denial of Service (DDoS) protection and mitigation market size is estimated to grow from USD 824.4 million in 2022 to USD 2,162.9 million by 2031, at an estimated Compound Annual Growth Rate (CAGR) of 21.3%. The DDoS protection and mitigation market is driven by factors, such as, need to mitigate increasing enterprise targeted DDoS attacks, rising penetration of Internet of Things (IoT), and enterprise mobility trends across organizations. However, high cost of deployment and budget constraints of organizations limit the growth of the market.
The managed services segment is expected to grow at the highest CAGR during the forecast period
Organizations are rapidly growing their partnership networks to deploy DDoS protection and mitigation solutions across the globe. Thus, the managed services segment is expected to grow at the highest CAGR during the forecast period. However, the professional services segment is expected to have the largest market size in 2016.
The application layer segment is expected to grow at the highest CAGR during the forecast period
The application layer, also known as layer 7, segment is estimated to grow at the highest CAGR during the forecast period, due to the rising instances of sophisticated DDoS attacks on the application layer, disrupting operations, thus affecting various business processes. The Banking, Financial Services, and Insurance (BFSI) vertical is estimated to hold the major share of revenue generated in the market, owing to increasing instances of sophisticated DDoS attacks on banking processes. With the adoption of DDoS protection and mitigation solutions , banks and credit unions are detecting DDoS attacks much sooner, thus minimizing the potential damages.
Asia-Pacific (APAC) is expected to have the highest growth rate during the forecast period
APAC includes emerging economies, such as China, Japan, and India, along with countries from the South East Asia, which are rapidly transforming into business hubs with the regional expansion of global enterprises and the emergence of large number of SMEs. APAC is expected to grow at the highest CAGR during the forecast period. This is primarily due to increasing awareness and adoption of DDoS protection and mitigation solutions and services among enterprises, operating across various industry verticals in the region. Furthermore, North America is expected to have the largest market size in 2016.
In-depth interviews were conducted with CEOs, marketing directors, other innovation & technology directors, and executives from various key organizations operating in the DDoS protection and mitigation marketplace.
- By company type: Tier 1: 55%, Tier 2: 20%, and Tier 3: 25%
- By designation: C-Level: 60%, D-Level: 25%, and others: 15%
- By region: North America: 15%, Europe: 25%, APAC: 30%, Latin America: 20%, and MEA: 10%
The report includes the study of key players offering DDoS protection and mitigation solutions, such as, Arbor Networks, Inc. (U.S.), Akamai Technologies, Inc. (U.S.), F5 Networks (U.S.), Imperva, Inc. (U.S.), Radware, Ltd. (Israel), Corero Network Security, Inc. (U.S.), Neustar, Inc. (U.S.), Cloudflare, Inc. (U.S.), Nexusguard, Ltd. (U.S.), and DOSarrest Internet Security, Ltd. (Canada).
The report provides a picture on DDoS protection and mitigation solutions and associated services across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments, such as component, enforcement point, deployment mode, organization size, vertical, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, SWOT analysis, recent developments, and key market strategies.
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Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market, by providing them with the closest approximations of the revenue numbers for the overall DDoS protection and mitigation market and subsegments. This report will help stakeholders to better understand the competitor landscape, gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
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