DDoS Protection and Mitigation Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

According to
market research report “DDoS Protection and Mitigation
Security Market by Component (Hardware Solution, Software
solutions and Services), Application Area, Deployment Mode ( On-premise, Cloud
and hybrid) Vertical, and Region – Global Forecast to 2026″,
published by MarketsandMarkets, the global DDoS Protection and Mitigation
Security market size is expected to grow from USD 3.3 billion in 2021 to USD
6.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 15.1% from 2021
to 2026..

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 Rise in multi-vector DDoS attacks to facilitate the demand for
DDoS protection solutions and to boost the growth of DDoS Protection and
Mitigation Security market across the globe during the forecast period.
Moreover, Stringent government regulations related to CIP, and services and the
Convergence of IT and OT systems to fuel the growth of DDoS protection market
would provide lucrative opportunities for DDoS Protection and Mitigation
security market vendors.

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Services to grow at a higher CAGR during the forecast period

Cyberattacks
on websites are increasing at an alarming rate and have compelled organizations
to adopt robust security services to address risks in the continuously evolving
threat landscape. With the increasing adoption of

DDoS
solutions across organizations and service providers, the demand for supporting
services is also expected to increase among organizations. The DDoS protection
and mitigation market on the basis of services is segmented into professional
and managed services. Furthermore, the professional services segment is
segmented into design and implementation, consulting and advisory, training and
education, and support and maintenance. As most of the businesses lack the
technical expertise to manage their network infrastructure and application
layer attacks, the professional service providers offer ways to overcome this
problem.

The services
offered by DDoS protection and mitigation vendors help safeguard websites,
networks, layer 3, and layer 7 threats. DDoS services protect websites,
networks, and critical infrastructure devices, as well as, reduce the downtime
and business risks. These services protect organizations from NTP
amplification, DNS amplification, HTTP flood, SYN flood, Slowloris, spoofing,
and volumetric attacks. DDoS attacks ranging from 200 Gbps to 1.3 Gbps are the
largest and severely damaging. The DDoS service providers are continuously
integrating advanced technologies to stop such DoS/DDoS attacks. Additionally,
they provide support services and access to a 24/7 DDoS response team.

The DDoS
attacks cause 3 million or more packets per second to be transferred
illegitimately, thereby blocking the resources for legitimate users. Services
offered by DDoS protection and mitigation vendors have been classified into
professional and managed services. Some vendors also provide DDoS testing
services to test resources for high-intensity DDoS attacks.

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Asia Pacific to grow at the highest CAGR during the forecast
period

Across APAC,
there are a number of prosperous economies with well-developed cyber
ecosystems. The economies include India, China, Australia, and New Zealand.
These economies show rapid adoption of DDoS protection and mitigation solutions
to gain visibility into their networks. The large enterprises and SMEs in APAC
countries are recognizing the significance of data security. They are now more
receptive toward adopting dedicated DDoS protection and mitigation solutions to
protect their critical and sensitive business data from commercial espionages,
cyber threats, and computer hackers. Additionally, the increasing advancements
in mobility and rising cloud adoption in APAC, coupled with mandatory
compliance to certain government regulations for resolving data security
issues, have compelled the companies in the region to adopt DDoS protection and
mitigation solutions. Moreover, with the rising intensity and complexity of
cyber-attacks, the data security concerns of the businesses in the region have
further heightened. According to a report by Imperva, the Asia pacific was the
target for Network DDOS attacks in the first half of 2021 which was 46% of all
the attacks.

APAC
countries such as ANZ, India, China, and Japan have widely adopted DDoS
protection and mitigation solutions. The proliferation of smartphones, DDoS
attacks on networks, and broadband connectivity augmented by the emergence of
advanced technologies, such as IoT, mobility, and cloud, in the region are
expected to drive the growth of the DDoS protection and mitigation market.

Major
vendors in the global DDoS Protection and Mitigation security market are
Netscout (US), Akamai Technology (US), Radware (Israel), Huawei Technology
(China), Fortinet (US), Link11 (Germany), Imperva (US), Cloudflare (US), BT
(England), A10 Networks (US), Fastly (US), StackPath (US), Seceon (US),
Nexusguard (China), HaltDos (India), Corero (UK), RioRey (US), PhoenixNAP (US),
DDoS-Guard (Russia), Allot (Israel), StrataCore (US), Sucuri (US), Verisign
(US), Indusface (India), Activereach (UK).

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