Global DDoS Protection and Mitigation Solution Market Report and Forecast 2024-2032

Global DDoS Protection and Mitigation Solution Market Outlook

The global DDoS protection and mitigation solution market reached a value of about USD 4.02 billion in 2023. The market is further estimated to grow at a CAGR of 13.90% in the forecast period of 2024-2032 to reach a value of around USD 12.98 billion by 2032.

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Rising Demand for Hybrid Segment to Propel the Market Growth of DDoS Protection and Mitigation Solution

Based on deployment, the hybrid DDoS protection and mitigation model is witnessing healthy growth, thereby boosting the growth of DDoS protection and mitigation solution. The hybrid DDoS protection and mitigation solution uses the cloud-based solution for high volume attacks and on-premises for protection from application-based attacks, resulting in their wider adoption by organisations to prevent all kinds of DDoS attacks. In addition, the blended DDoS protection and mitigation solution is gaining popularity because of its higher efficiency and cost-effectiveness as it reduces the need for using cloud scrubbing alone. Moreover, it eliminates mitigation errors to prevent damage to legitimate users and ensures that DDoS attacks are caught. All these factors contribute to the bolstering of the market for DDoS protection and mitigation solution.

North America to Account for a Substantial Market Share in the DDoS Protection and Mitigation Solution Industry

The strong presence of DDoS protection and mitigation solution vendors and their investments in new technologies is leading to the expansion of the market in the North American region. In addition, the adoption of cloud-based solutions and the emerging need to secure data in the growing businesses and financial sectors of the region are augmenting the market development of DDoS protection and mitigation solution.

Meanwhile, the Asia Pacific region is also expected to drive the market for DDoS protection and mitigation solutions due to the rapid digitalisation and the increasing penetration of electronic gadgets in all sectors of the economy. Moreover, the growing awareness about the importance of data security and the rising cyber-attacks in the region is anticipated to bolster the market in the forecast period.

DDoS Protection and Mitigation Solution Market Segmentation

The DDoS protection and mitigation solution is a network management solution that protects or mitigates the target or relay networks from distributed denial-of-service (DDoS) attacks. The DDoS attack is an attempt to disturb the regular traffic of a targeted server by overwhelming the target and its environment with a flood of internet traffic. The different stages of DDoS mitigation stages include detection, diversion, filtering, and analysis.

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The market for DDoS protection and mitigation solution, by offering, is divided into:

• Software
• Hardware
• Services

Based on end use, the market is segmented into:

• IT and Telecommunication
• BFSI
• Retail
• Government and Defence
• Media and Entertainment
• Education
• Healthcare
• Others

On the basis of deployment, the market is classified into:

• On-Premises
• Hybrid
• Cloud

Based on organisation size, the market is divided into:

• Large Enterprises
• Small and Medium-Sized Enterprises

The regional markets for DDoS protection and mitigation solution can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Cases of DDoS Attacks and Dependence on Internet Services to Drive the Market Growth of DDoS Protection and Mitigation Solution

The pandemic provided an impetus to the market of DDoS protection and mitigation solution in the historical period owing to the adoption of work from home and distance learning, which led to rising cyber security concerns. The increasing cases of DDoS attacks and their severe impact on the organisation’s computing and financial resources are leading to the rising demand for DDoS protection and mitigation solution, thereby invigorating the market. In addition, the heavier reliance on internet services for financial transactions and the rapid digitalisation of the economy are playing a critical role in the development of the market.

Moreover, the advantages of DDoS protection and mitigation solution in protecting the organisation networks from real-time threats to ensure their business continuity are fuelling the market of DDoS protection and mitigation solution. Also, the government measures in addressing cyber threats in order to provide an open, secure, and inclusive internet are significantly catalysing the expansion of the market. Further, the efforts taken by the industry players in offering advanced and efficient DDoS defence solutions are expected to augment the market for DDoS protection and mitigation solution in the forecast period.

Key Players in the Global DDoS Protection and Mitigation Solution Market

The report gives a detailed analysis of the following key players in the global DDoS protection and mitigation solution market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Akamai Technologies
• Imperva, Inc.
• NETSCOUT Systems, Inc.
• Corero
• Link11 GmbH
• Huawei Technologies Co., Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report