DDoS Protection and Mitigation Market Competitive Research, Industrsy Status, Key Drivers And Forecast To 2033

The DDoS protection and mitigation market size has grown rapidly in recent years. It will grow from $4.18 billion in 2023 to $4.81 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to rise in DDoS attacks, growing internet dependence, expansion of IoT devices, e-commerce and online services growth.

The DDoS protection and mitigation market size is expected to see rapid growth in the next few years. It will grow to $8.66 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to emergence of advanced DDoS techniques, 5G network vulnerabilities, integration with threat intelligence, focus on application-layer attacks. Major trends in the forecast period include collaboration and information sharing, AI and machine learning enhancements, multi-layered defense strategies, zero-day attack prevention, cloud-based DDoS protection services.

Market Overview -
The DDoS protection and mitigation refers to a network or cloud-based protection service that is specially designed for victims to mitigate incoming threats. The DDoS protection and mitigation are used for protecting a server or network that is targeted by a DDoS (distributed denial-of-service) attack.

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Rising Cyber Threats Propel Growth In DDoS Protection And Mitigation Market
Increasing cyberattacks on websites are expected to propel the growth of the DDoS protection and mitigation market going forward. Cyberattacks are deliberate and malicious attempts by individuals or organizations that breach the information system of another individual to disrupt the network. DDoS protection and mitigation helps protect a server or network that is targeted by a DDoS (distributed denial-of-service) attack, as a result, increasing cyber-attacks increase the demand for DDoS protection and mitigation. For instance, in February 2022, according to an article published by Fortune, a US-based business magazine, there has been a 105% surge in ransomware cyberattacks 2021. Therefore, the increasing cyberattacks are driving the DDoS protection and mitigation market growth.

Competitive Landscape -
Major companies operating in the DDoS protection and mitigation market report are Amazon.com Inc., Lumen Technologies Inc., Fortinet lnc., Akamai Technologies Inc., F5 Networks Inc., Check Point Software Technologies Ltd., Verisign lnc., Neustar Inc., Cloudflare Inc., Netscout Systems Inc., Kaspersky Lab, Imperva Inc., Fastly lnc., Radware Inc., A10 Networks lnc., NSFOCUS Information Technology Co. Ltd., Alibaba Group, StackPath LLC, AireSpring Inc., Arbor Networks Inc., Flowmon Networks a.s., Nexusguard Ltd., Corero Network Security Inc., GreyCastle Security LLC, SiteLock LLC, Sucuri Inc., Impulse Point LLC, Link11 GmbH, Seceon lnc., Dosarrest Internet Security Ltd., MazeBolt Technologies Ltd., Cloudblock B.V., NS8 lnc.

Pioneering Technological Solutions In DDoS Protection
Technological advancements are a key trend in the DDoS protection and mitigation market. Major companies operating in the DDoS protection and mitigation market are focused on developing new technological solutions to strengthen their position. For instance, in 2021, Mazebolt Technology, Israel-based DDoS protection and mitigation, and cybersecurity company launched its new product which is the world's first DDoS risk assessment product named the MazeBolt Radar. Radar is a patented technology that provides DDoS protection through DDoS simulations on live production without any downtime. This technology maintains DDoS mitigation without any disruptions and downtime.

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Key Segments -

The DDoS protection and mitigation market covered in this report is segmented -

1) By Component: Hardware Solution, Software Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Size: Small and Medium Enterprises, Large Enterprises
4) By Application: Network security, Endpoint Security, Application Security, Database security
5) By End-User: IT and Telecom, Government, Education, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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