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With 10.5% CAGR, DDos Protection And Mitigation Security Market Size To Surpass USD 10.6 Billion By The End Of 2032 : GIS

12-15-2023 10:30 AM CET | IT, New Media & Software

Press release from: Global Insight Services

/ PR Agency: Global Insight Services
With 10.5% CAGR, DDos Protection And Mitigation Security Market

The DDoS (Distributed Denial of Service) Protection and Mitigation Security market has grown in significance in response to the rising threat of cyberattacks targeting the availability and performance of online services. DDoS attacks are increasingly sophisticated and damaging, and they can disrupt websites, online applications, and networks, leading to financial losses and reputational damage for businesses. As a result, organizations are investing heavily in DDoS protection and mitigation solutions to safeguard their digital infrastructure. These solutions typically include hardware and software-based systems that detect and mitigate malicious traffic, ensuring the continuous availability of online services. The market has witnessed notable advancements in machine learning and artificial intelligence (AI) to enhance the capability of these solutions in identifying and mitigating DDoS attacks in real-time.

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One of the key drivers of the DDoS protection and mitigation security market is the growing reliance on digital services, especially in the e-commerce, finance, and healthcare sectors. As more sensitive data and financial transactions move online, the potential damage caused by DDoS attacks has never been higher. Additionally, the proliferation of IoT devices has introduced new vulnerabilities, as attackers can harness these devices to launch large-scale attacks. Consequently, there is an increasing demand for solutions that can effectively counter DDoS threats and adapt to evolving attack tactics. The market is likely to continue expanding as cybersecurity companies innovate and develop more resilient and intelligent DDoS protection solutions, helping organizations proactively defend against these persistent and evolving threats in the digital landscape.

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Key Trends

Key trends in the DDoS Protection and Mitigation Security Market include the increasing prevalence of multi-vector DDoS attacks, which leverage various techniques to evade traditional defense mechanisms, driving the need for more sophisticated protection strategies. The market is also witnessing a shift towards hybrid and cloud-based DDoS protection solutions, allowing organizations to scale their defenses and maintain uptime during attacks. Furthermore, the integration of artificial intelligence and machine learning into DDoS mitigation systems is enabling quicker detection and more adaptive responses to evolving attack patterns. Another notable trend is the rise of managed DDoS protection services, which offer organizations a proactive approach to security, including 24/7 monitoring and mitigation by dedicated experts.

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Key Drivers

The DDoS Protection and Mitigation Security Market is driven by several key factors, including the escalating frequency and severity of DDoS attacks, as cybercriminals continually seek to disrupt online services, extort ransoms, or cause damage to organizations. This ever-present threat compels businesses to invest in robust DDoS protection solutions to ensure business continuity and safeguard their reputation. Moreover, the increasing reliance on online services, cloud computing, and e-commerce platforms further amplifies the demand for DDoS protection, as downtime or service disruption can result in substantial financial losses. Regulatory pressures and industry compliance requirements also act as significant drivers, as many sectors mandate the implementation of DDoS protection measures to protect sensitive data and customer information. Additionally, the growing adoption of IoT devices and the expansion of the attack surface create new vulnerabilities, making DDoS protection a critical necessity to safeguard networks and connected devices. These factors collectively contribute to the rapid expansion of the DDoS protection and mitigation security market.

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Market Segmentation : DDoS Protection and Mitigation Security Market

DDoS Protection and Mitigation Security Market By Component : Solutions, Services

DDoS Protection and Mitigation Security Market By Deployment Mode : Cloud-Based, On-Premise, Hybrid

DDoS Protection and Mitigation Security Market By Organization Size : Large Enterprises, SMEs

DDoS Protection and Mitigation Security Market By Application: Network Security, Application Security, Database Security, Endpoint Security

DDoS Protection and Mitigation Security Market By Industry Vertical : BFSI, Government and Defense, IT and Telecommunications, Retail and Manufacturing, Healthcare, Others

DDoS Protection and Mitigation Security Market By Region : North America : US, Canada, Mexico, Europe : The UK, Germany, France, Italy, Spain, Netherlands, Switzerland, Asia-Pacific : China, India, Japan, South Korea, Australia, Singapore, Indonesia, Rest of Asia-Pacific, Rest of the World : Latin America, Middle East, Africa

Key Players :

A10 Networks, Inc. (US)
activereach Ltd (UK)
Akamai Technologies (US)
Allot Ltd. (Israel)
BT group (UK)
Cloudflare, Inc. (US)
Corero Network Security (UK) Limited (UK)
DDoS-Guard (UAE)
Fastly, Inc. (US)
Fortinet, Inc. (US)
Haltdos Inc Ltd. (India)
Huawei Technologies Co., Ltd. (China)
Imperva, Inc. (US)
Indusface Pvt ltd. (India)
Link11 GmbH (Germany)
Mlytics, Inc. (Singapore)
NetScout Systems, Inc. (US)
Nexusguard Inc. (Singapore)
phoenixNAP LLC (US)
Radware Ltd. (Israel)
RIOREY (US)
StackPath, LLC (US)
StrataCore (US)
Sucuri (GoDaddy Mediatemple, Inc.) (US)

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16192, Coastal Highway, Lewes DE 15998
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services :

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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