DDoS Protection Market to Grow From USD 868.3 Mn in 2016 to USD 3658.71 Mn by 2023

Reports Web announces the release of market assessment report on “Global DDoS Protection Market - Trends Analysis, Product Usability Profiles & Forecasts to 2023". The report is segmented into several key Regions, with production, consumption, revenue and market share.

According to Publisher, the global ddos protection market to grow from USD 868.3 million in 2016 to USD 3658.71 million by 2023, at a CAGR of 22.81%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.

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The Distributed Denial of Service attack (DDoS) protection market refers to all the measures taken to identify, manage, migrate and mitigate DDoS attacks. DDoS attacks generally render a computer resource unavailable or inaccessible for a significant period of time. The main motive of such kind of organized and targeted attacks is to make the critical resource unavailable that can cause significant downtime. Such kind of attacks disrupts normal business operations by degrading application and website performance and availability and can sometimes even force them offline completely.

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.

Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of ddos protection market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the ddos protection market that will impact the demand during the forecast period. Moreover, the competitive analysis of ddos protection market brings an insight on the product usability profiles of the leading players. Additionally, the analysis highlights features & pricing, informant reviews of the key products in the market.

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This release was published on openPR.