DDoS Protection and Mitigation Market: Comprehensive Overview of Market Size, Growth Forecast, Key Drivers, and Future Scope

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

DDoS Protection and Mitigation Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $8.66 billion In 2028 At A CAGR Of 15.9% :

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.

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DDoS Protection and Mitigation Market Major 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 Driver - 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.

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Prominent Trend - 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.

DDoS Protection and Mitigation Market Players
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.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the DDoS protection and mitigation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ddos protection and mitigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. DDoS Protection and Mitigation Market Report Structure
3. DDoS Protection and Mitigation Market Trends And Strategies
4. DDoS Protection and Mitigation Market - Macro Economic Scenario
5. DDoS Protection and Mitigation Market Size And Growth
…..
27. DDoS Protection and Mitigation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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