DDoS Prevention And Mitigation Market Size, Share, Opportunities, And Trends By Offering (Solution, Service), By Enterprise Size (Small, Medium, Large), By End User (Communication And Technology, Manufacturing, BFSI, Retail, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Apr 2024
- Report Code : KSI061611809
- Pages : 138
The DDoS prevention and mitigation market is evaluated at US$15.673 billion for the year 2022 and is projected to grow at a CAGR of 7.84% to reach a market size of US$26.582 billion by the year 2029.
The growth of organizations with an increasing customer base and expanding locations has led to the creation, manipulation, and sharing of huge volumes of data over networks leading to the use of DDoS prevention and mitigation. The growing reliance on technology as a result of rapidly increasing digitization and automation of processes across industries around the world raises the cost of downtime. There is a large degree of variance in the average cost of downtime, which depends mainly on the type of business and business environment.
MARKET TRENDS:
The increasing frequency and sophistication of Distributed Denial of Service (DDoS) assaults are driving the market for DDoS prevention and mitigation. DDoS assaults have increased in frequency and disruptiveness as cyber dangers continue to develop, presenting a serious concern to businesses and organizations throughout the globe. Investing in strong DDoS protection solutions is essential due to the increasing dependence on digital infrastructure for vital activities.
The requirement to mitigate DDoS assaults in real time is pushing the development of sophisticated, scalable, and intelligent systems that can successfully fend off these cyber threats. Furthermore, as businesses look for all-encompassing solutions to protect their online presence, the DDoS prevention and mitigation market is growing due to the proliferation of IoT devices and the rising frequency of linked systems.
MARKET DRIVERS:
- Massive investments in communication and technology are anticipated to propel the DDoS prevention and mitigation market.
The market's expansion is attributed to massive investments made by businesses in communication and technology in all major regions around the world. A significant portion of this massive inflow of capital is going toward the global expansion of data center networks. These investments are becoming even more rigorous as the volume of data generated per day grows exponentially. Many enterprises around the world store massive amounts of data, increasing the severity of loss they are likely to suffer in the event of a cyber attack. This is driving the demand for robust DDoS prevention and mitigation solutions among enterprises, thus boosting the market’s growth.
- Rapidly growing popularity and adoption of public cloud services might impact market growth.
The rapidly growing popularity and adoption of public cloud services, coupled with the continuous increase in the number of endpoint devices accessing the data in the cloud, is also shaping the growth of the market. Any type of security breach in this ecosystem can result in a significant financial loss for an enterprise due to a loss of investor or customer confidence, productivity loss, as well as hefty federal fines as part of legal proceedings. The majority of these attacks peaked at 800Gbps and were directed at a European gambling company. Ransom letters demanding ten bitcoins were demanded to end the strike. WannaCry, another big ransomware attack that caught the world’s attention, went on to take control of several thousand machines from banking institutions, government agencies, and other enterprises and organizations.
- Strict laws governing the security of customer data are anticipated to propel the market growth.
Strict laws governing the security of customer data stored with enterprises are driving enterprises toward breech-proof security solutions that provide a very high level of security from cyber attacks. For instance, Europe’s General Data Protection Regulation applies to every enterprise across the globe that stores sensitive information about European customers with it. The regulation requires such companies to maintain complete control over the data to fulfill requests from individuals to remove their data from servers. Companies are shifting toward robust DDoS prevention and mitigation solutions that promise complete control over the IT infrastructure.
MARKET RESTRAINTS:
The DDoS prevention and mitigation market is expanding, but obstacles hinder it from reaching its full potential. There are major obstacles to entrance, including high implementation costs, difficult integration with current infrastructure, and a lack of knowledge among enterprises, especially smaller ones. The issues faced by the sector are further compounded by a false sense of security and the dynamic nature of DDoS assaults, which demand constant investment in research and development.
In order for the industry to grow and provide essential security solutions to a larger variety of organizations, these constraints must be addressed through adaptable pricing models, simpler integration solutions, educational campaigns, and an emphasis on the changing threat landscape.
North America and Europe are anticipated to be the major regional markets.
Geographically, the DDoS Prevention and Mitigation market has been segmented into North America, South America, Europe, the Middle East, and Africa (MEA), and Asia Pacific (APAC). To give a clearer view of these regional markets, they have been further segmented into countries that account for a significant market share. North America and Europe account for a sizable market share, and market growth in these regions is expected to continue throughout the forecast period.
Strict enforcement of cybersecurity regulations in these regions is a major driving factor driving the market growth. Booming industries in these regions are seeing an inflow of enterprise investments into strengthening their enterprise infrastructure security, which is also supporting the market's growth.
Over the forecast period, the Asia Pacific market is expected to grow steadily. One of the major driving factors for the regional market is the region's rapid industrial growth. The presence of a large number of vendors offering tailored solutions for businesses of all sizes is expected to boost the adoption of DDoS prevention and mitigation solutions and services, thereby boosting market growth. South America, the Middle East, and Africa account for a relatively small market share. However, market growth in these regions is expected to remain strong over the forecast period.
Key Developments:
- In October 2023, The cloud provider that enables and safeguards life online, Akamai Technologies, Inc., announced the opening of its most recent Akamai Prolexic scrubbing centers in Toronto and Montreal. The new centers provide essential public infrastructure, government agencies, and regional and international organizations with top-notch distributed denial-of-service (DDoS) security.
- In October 2022, With the global rollout of new, fully software-defined scrubbing centers, Akamai Technologies, Inc., the cloud company that powers and protects life online, announced a significant evolution of its DDoS protection platform (Prolexic). This accelerated future product innovations and extended its dedicated defense capacity* to 20 Tbps.
DDoS Prevention And Mitigation Market Scope:
Report Metric | Details |
Market Size Value in 2022 | US$15.673 billion |
Market Size Value in 2029 | US$26.582 billion |
Growth Rate | CAGR of 7.84% from 2022 to 2029 |
Study Period | 2019 to 2029 |
Historical Data | 2019 to 2022 |
Base Year | 2023 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Billion |
Segments Covered |
|
Companies Covered |
|
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Customization Scope | Free report customization with purchase |
Segmentation:
- By Offering
- Solution
- Service
- By Enterprise Size
- Small
- Medium
- Large
- By End-User
- Communication and Technology
- Manufacturing
- BFSI
- Retail
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
- North America
Frequently Asked Questions (FAQs)
DDoS Prevention And Mitigation Market was valued at US$15.673 billion in 2022.
The DDoS prevention and mitigation market is projected to reach a market size of US$26.582 billion by 2029.
The global DDoS prevention and mitigation market is projected to grow at a CAGR of 7.84% during the forecast period.
The increasing frequency and sophistication of Distributed Denial of Service (DDoS) assaults are driving the market for DDoS prevention and mitigation.
North America and Europe account for a sizable share of the DDoS prevention and mitigation market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits for the stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. DDOS PREVENTION AND MITIGATION MARKET, BY OFFERING
5.1. Introduction
5.2. Solution
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Service
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
6. DDOS PREVENTION AND MITIGATION MARKET, BY ENTERPRISE SIZE
6.1. Introduction
6.2. Small
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Medium
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
6.4. Large
6.4.1. Market Trends and Opportunities
6.4.2. Growth Prospects
6.4.3. Geographic Lucrativeness
7. DDOS PREVENTION AND MITIGATION MARKET, BY END-USER
7.1. Introduction
7.2. Communication and Technology
7.2.1. Market Trends and Opportunities
7.2.2. Growth Prospects
7.2.3. Geographic Lucrativeness
7.3. Manufacturing
7.3.1. Market Trends and Opportunities
7.3.2. Growth Prospects
7.3.3. Geographic Lucrativeness
7.4. BFSI
7.4.1. Market Trends and Opportunities
7.4.2. Growth Prospects
7.4.3. Geographic Lucrativeness
7.5. Retail
7.5.1. Market Trends and Opportunities
7.5.2. Growth Prospects
7.5.3. Geographic Lucrativeness
7.6. Others
7.6.1. Market Trends and Opportunities
7.6.2. Growth Prospects
7.6.3. Geographic Lucrativeness
8. DDOS PREVENTION AND MITIGATION MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Offering
8.2.2. By Enterprise Size
8.2.3. By End-User
8.2.4. By Country
8.2.4.1. USA
8.2.4.1.1. Market Trends and Opportunities
8.2.4.1.2. Growth Prospects
8.2.4.2. Canada
8.2.4.2.1. Market Trends and Opportunities
8.2.4.2.2. Growth Prospects
8.2.4.3. Mexico
8.2.4.3.1. Market Trends and Opportunities
8.2.4.3.2. Growth Prospects
8.3. South America
8.3.1. By Offering
8.3.2. By Enterprise Size
8.3.3. By End-User
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.1.1. Market Trends and Opportunities
8.3.4.1.2. Growth Prospects
8.3.4.2. Argentina
8.3.4.2.1. Market Trends and Opportunities
8.3.4.2.2. Growth Prospects
8.3.4.3. Others
8.3.4.3.1. Market Trends and Opportunities
8.3.4.3.2. Growth Prospects
8.4. Europe
8.4.1. By Offering
8.4.2. By Enterprise Size
8.4.3. By End-User
8.4.4. By Country
8.4.4.1. United Kingdom
8.4.4.1.1. Market Trends and Opportunities
8.4.4.1.2. Growth Prospects
8.4.4.2. Germany
8.4.4.2.1. Market Trends and Opportunities
8.4.4.2.2. Growth Prospects
8.4.4.3. France
8.4.4.3.1. Market Trends and Opportunities
8.4.4.3.2. Growth Prospects
8.4.4.4. Spain
8.4.4.4.1. Market Trends and Opportunities
8.4.4.4.2. Growth Prospects
8.4.4.5. Others
8.4.4.5.1. Market Trends and Opportunities
8.4.4.5.2. Growth Prospects
8.5. Middle East and Africa
8.5.1. By Offering
8.5.2. By Enterprise Size
8.5.3. By End-User
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.1.1. Market Trends and Opportunities
8.5.4.1.2. Growth Prospects
8.5.4.2. UAE
8.5.4.2.1. Market Trends and Opportunities
8.5.4.2.2. Growth Prospects
8.5.4.3. Israel
8.5.4.3.1. Market Trends and Opportunities
8.5.4.3.2. Growth Prospects
8.5.4.4. Others
8.5.4.4.1. Market Trends and Opportunities
8.5.4.4.2. Growth Prospects
8.6. Asia Pacific
8.6.1. By Offering
8.6.2. By Enterprise Size
8.6.3. By End-User
8.6.4. By Country
8.6.4.1. China
8.6.4.1.1. Market Trends and Opportunities
8.6.4.1.2. Growth Prospects
8.6.4.2. Japan
8.6.4.2.1. Market Trends and Opportunities
8.6.4.2.2. Growth Prospects
8.6.4.3. India
8.6.4.3.1. Market Trends and Opportunities
8.6.4.3.2. Growth Prospects
8.6.4.4. South Korea
8.6.4.4.1. Market Trends and Opportunities
8.6.4.4.2. Growth Prospects
8.6.4.5. Taiwan
8.6.4.5.1. Market Trends and Opportunities
8.6.4.5.2. Growth Prospects
8.6.4.6. Thailand
8.6.4.6.1. Market Trends and Opportunities
8.6.4.6.2. Growth Prospects
8.6.4.7. Indonesia
8.6.4.7.1. Market Trends and Opportunities
8.6.4.7.2. Growth Prospects
8.6.4.8. Others
8.6.4.8.1. Market Trends and Opportunities
8.6.4.8.2. Growth Prospects
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Google
10.2. Microsoft Corporation
10.3. Amazon Web Services
10.4. IBM
10.5. Cloudflare, Inc.
10.6. NetScout Systems, Inc.
10.7. Nexusguard Limited
10.8. Sucuri Inc. (GoDaddy Inc.)
10.9. Imperva (Thales Group)
Microsoft Corporation
Amazon Web Services
IBM
Cloudflare, Inc.
NetScout Systems, Inc.
Sucuri Inc. (GoDaddy Inc.)
Imperva (Thales Group)
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