DDoS Prevention Products & Services Market size and forecast, 2016-2024
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In the current competitive scenario, availability of online services is of utmost importance. DDoS attacks have become more dynamic, innovative and consequential, thus affecting e-commerce activities. The growth of DDoS prevention products and services can be attributed to the increasing online businesses and e-commerce activities. Furthermore, increasing awareness about data security is another major factor to drive the DDoS prevention products and services. DDoS prevention products and services are witnessing high growth in the banking, retail, and manufacturing sectors. Mobile networks are easy to access and tamper, thus leading to increasing number of DDoS attacks. To counter these threats, enterprises are investing heavily in DDoS prevention solutions that is further fueling the growth of this market. The increasing number of application-layer attacks are also forcing companies to make new investments in DDoS prevention products and services. Large data centers and cloud services providers are highly visible targets owing to large amount of vital data hosted. The significant increase in the number of data centers across the world has further increased the need for advanced DDoS prevention solutions. However, the complex IT infrastructure and the high product costs of DDoS solutions are the major challenges hindering the growth of this market.
The DDoS prevention products & services market can be categorized in terms of services, solutions, and geography. On the basis of services, the market can be divided into hybrid services and cloud based services. Moreover, in terms of solutions, the market can be further segmented into on-premise and cloud solutions. Geographically, the market can be categorized into North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa.
The major players in the DDoS prevention products and solutions include Akamai Technologies, Inc., Arbor Networks, Inc., Verizon Communications, Inc., Corero Network Security, Inc., Fortinet, Inc., Neustar, Inc., Orange Business Services, RioRey, and Verisign, Inc.
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