DDoS Protection Market 2023: Growth Rate, Vendor, Market Dynamics, Market Overview, Shipments, Revenue, & Forecast

Global DDoS Protection Market By Application Area (Endpoint, Application, Network, Database), Organization Size (Large Companies, Small and Medium Businesses), Component (Solution, Service), Deployment Mode (Cloud-based, On-premise, Hybrid), Vertical, and Regional Market Size, Status and Forecast to 2023

The Global DDoS Protection Market was valued at USD 822.35 million in 2017 and is projected to reach USD 5102.71 million by 2023, growing at a CAGR of 21.55% from 2018 to 2023.

global DDoS protection market identifies that the growing dependence on internet will be one of the major factors that will have a positive impact on the growth of the market. the increasing usage of electronic devices which includes laptops, smart phones, has led to an increasing penetration of internet. This has led to the consumers depending on online transactions and payment which has increased demand for DDoS threats. This has led the increasing adoption of DDoS protection solutions to protect their critical information from DDoS threats.

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The rise in application layer attacks as it consumes less bandwidth will be one of the latest trends that will gain traction in the DDoS protection market during the next four years. The application-layer attacks increase the sophistication of DDoS attacks that are expected to grow during the forecast period. The rise in such attacks has led to sever damages which includes operational damages, such as account suspension and massive overage charges which has subsequently increased need for DDoS protection solutions.

The major forces driving the growth of the ddos protection market include the increasing cases and sophistication of ddos attacks and need to detect and mitigate ddos floods. Moreover, introduction of low cost cloud and hybrid solutions and stringent government regulations to deploy it security are also some of the factors that are driving the market growth. However limited provide to detect & filter traffic, and complexity in delivering on demand coverage may hinder the market growth. In the middle of difficulty lies opportunity such as the cloud security for ddos protection, and increasing demand of integrated security solutions. The possible challenges for the market growth are ever evolving nature of ddos attacks, and lack of expertise and situational awareness. But key players in the market are overcoming the challenges with continual improvement and innovation.

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Based on industry, the global ddos protection market is studied across aerospace & defense, banking, financial services & insurance, consumer goods & retail, education, energy & utilities, government, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, transportation & logistics, and travel & hospitality. Based on geography, the global ddos protection market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

Highlights of the report:

A detailed analysis of key segments of the market
Recent developments in the market’s competitive landscape
Detailed analysis of market segments up to second or third level of segmentation
Historical, current, and projected future valuation of the market in terms of revenue and/or volume
Key business strategies adopted by influential market vendors
Outline of the regulatory framework surrounding and governing numerous aspects of the market
Growth opportunities in emerging and established markets
Recommendations to market players to stay ahead of the competition

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