Global DDoS Protection Market Scope Report

Global DDoS Protection Market Highlights Over 2023 - 2033

The global DDoS protection market is estimated to garner a revenue of USD 13.0 Billion by the end of 2033 by growing at a CAGR of ~15% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 4.0 Billion in the year 2022. The growth of the market can be attributed to the rapid digitalization strategies adopted by organizations across the globe. More than 85 per cent of organizations around the globe are planning to have a digital first business strategy or have already adopted.

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DDoS (distributed denial of service) attacks are a type of denial of service (DoS) attack. A DDoS attack involves a network of connected online devices, known as a botnet, that are used to flood a target website with fake traffic. DDoS mitigation providers filter out malicious traffic in order to keep it from reaching the intended target asset. A DDoS scrubbing service, a cloud-based DNS service, or a CDN-based web protection service blocks attack traffic. Mitigation in the cloud removes attack traffic before it reaches the target. Moreover, there has been a growing bring your own devices trend among organizations and it is expected to boost the growth of the global DDoS protection market. More than 55 per cent of organizations around the world have adopted BYOD devices.

Global DDoS Protection Market: Growth Drivers and Challenges

Growth Drivers

• Growing Demand for DDoS Protection Solutions – There has been a growing demand for DDoS solutions considering the increasing number of attacks. Therefore, it is anticipated to surge the growth of the global DDoS protection market. The total attack count increased by more than 70 per cent in the first half of 2022 as compared to the second half of 2021.

• Rising Adoption of Internet of Things– There was more than 11 Billion number of active IOT devices in the year 2021.

• Surging Mobile Device Users– There were more than 3 billion smartphone users across the globe in the year 2020.

• Increasing Adoption of IP Camera- Nearly one Billion surveillance cameras are installed across the globe in the year 2021.

Challenges

• Lack of Skilled Professionals

• High Cost for the Installation of Security System

• High Dependency on Traditional Protection Methods

The global DDoS protection market is segmented and analyzed for demand and supply by end user into healthcare, retail, BFSI, government, and others. Out of these, the healthcare segment is anticipated to hold the largest share over the forecast period owing to the increasing threat to patients’ health records, and surging medical fraud cases across the globe. In the United States, more than half of healthcare organizations have had more than five breaches.

Global DDoS Protection Market Regional Synopsis

Regionally, the global DDoS protection market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of rising cyberattack threats, rapid penetration of mobile devices, and surging online transactions. For instance, according to the National Council on Identity Theft Protection, the loss of breaches to Americans in the United States accounted for USD 5.8 Billion in the year 2021.

Market Segmentation

Our in-depth analysis of the global DDoS protection market includes the following segments:

Key Companies Dominating the Global DDoS Protection Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global DDoS protection market that are included in our report are Radware Ltd., F5, Inc., Akamai Technologies, Flowmon (Progress Software Corporation), Corero Network Security Limited, Imperva, Inc., Fortinet, Inc., Cloudflare, Inc., Netscout Systems, Inc., Link11, and others.

Global DDoS Protection Market: Latest Developments

• June, 2021: Corero Network Security Limited announced the release of SmartWall Threat Defense Director Solution in order to strengthens DDoS protection for the network edge and 5G.

• July, 2022: Radware Ltd., announced the adoption of its Radware’s Cloud DDoS protection service by ESDS Software Solution Limited to support its data centers in India.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.  

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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