DDoS Protection and Mitigation Market

Global DDoS Protection and Mitigation Market Size (2024 to 2032)

The global distributed denial of service (DDoS) protection and mitigation market was valued at USD 2.62 billion in 2023. The global market is projected to grow from USD 2.99 billion in 2024 to USD 8.53 billion by 2032, witnessing a compound annual growth rate (CAGR) of 14.0% during the forecast period.

Current Scenario of the Global DDoS Protection and Mitigation Market

DDoS protection and mitigation protect the server and the target network from a distributed denial of service (DDoS) attack. Cloud-based protection services and engineered network equipment mitigate the incoming threat. This involves purchasing and maintaining material that would filter incoming traffic and withstand attacks. It applies to the database, network, endpoint, and other applications. Dos mitigation is a set of techniques used to resist the impact of spreading refusal attacks on the network connected to the Internet by protecting the destination and retransmission networks. DDoS protection and mitigation solutions and services help protect and mitigate advanced and sophisticated DDoS attack endpoints. The strong demand from SMEs for DDoS prevention solutions has encouraged suppliers to introduce cost-effective hybrid and cloud-based solutions. However, local hardware, software, and integrated solutions continue to benefit from more excellent traction among large companies. During the forecast period, the market is foreseen to experience strong demand for hybrid solutions that include both on-premises and cloud services.

MARKET DRIVERS

The demand for DDoS solutions should also increase with the number of multisectoral DDoS attacks. As a result, this demand could lead to significant growth in the DDoS protection and mitigation market.

Strong management should stimulate the market after threat detection. According to Cloudflare, the financial cost of a DDoS is significant because being a victim of a DDoS attack can cost an organization approximately $ 100,000 for each hour the seizure lasts, further fueling the demand for protection solutions. Also, the proliferation of insecure IoT devices led to an increase in DDoS attacks in 2017, according to Corero. Therefore, the increasing implementation of IoT among all end-users will increase the adoption of DDoS protection solutions. In addition, many unplanned data center outages were reportedly caused by cybercrime (DDoS) attacks, further fuelling the demand for DDoS protection solutions in data centers. Besides, the growing number of data centers in developing countries, such as India, presents significant opportunities for providers of DDoS protection solutions.

Factors such as the need to mitigate DDoS attacks targeting networks and applications, the increasing penetration of the IoT and associated devices, and increased demand from small and medium-sized businesses will likely drive the DDoS protection and mitigation market during the forecast period. Additionally, due to the increased adoption of hosted DDoS protection solutions, the global DDoS mitigation and protection market is expected to grow further during the forecast period. Organizations are rapidly developing their partnership and mitigation solutions worldwide. As a result, the achieved services segment is expected to grow at the highest rate in the forecast period.

The BFSI sector is one of the severe infrastructure segments that suffer from multiple data breaches and cyber-attacks due to the large clientele served by the industry and the financial information at stake. Financial services institutions have been identified to be four times more susceptible to cyberattacks than other sectors, which is expected to stimulate demand for such solutions. Dos attacks can make banking websites unavailable, damaging customers' reputations, income, and trust. In 2017, Lloyds Bank suffered a distributed denial-of-service attack that put its online services offline. The BFSI sector faced the highest attacks in 2017, having faced considerably higher attacks than in other industries. Therefore, continuing this trend in the coming years should drive the adoption of DDoS protection solutions in the BFSI sector.

MARKET RESTRAINTS

The growing sophistication of DDoS attacks, poor awareness and understanding of DDoS protection and mitigation among organizations, and high deployment and maintenance costs are primarily restraining the growth of the global market. Limited cyber security budgets, evolving tactics of cybercriminals, and inadequately skilled cybersecurity professionals are further inhibiting the growth rate of the global market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global DDoS Protection and Mitigation Analysis By Component Type

Based on components, the solution segment reported most of the global market share in 2022. The service segment is expected to grow at the highest rate during the forecast period, and the professional consulting services segment is also predicted to grow at the highest rate during the forecast period.

Global DDoS Protection and Mitigation Analysis By Application

Based on application, the BFSI segment registered the lion's portion of the worldwide market in 2022 and is expected to grow at a healthy CAGR in the coming years. Depending on the deployment, cloud implementation services are anticipated to rule the global DDoS protection and mitigation business in the coming years.

REGIONAL ANALYSIS

North America is projected to represent the largest market size in the DDoS protection and mitigation market. The early adoption of the DDoS protection and mitigation solution and the presence of various providers offering DDoS protection and mitigation should stimulate market growth in the region. Companies in the area are increasingly implementing DDoS protection and mitigation solutions to detect and prevent threats at an early stage. Furthermore, rapid economic growth in developing countries, improved regulatory reforms, and financial stability drive market growth in the Asia Pacific (APAC).

KEY PARTICIPANTS IN THE GLOBAL DDoS PROTECTION AND MITIGATION MARKET

The major companies playing a significant role in the global DDoS protection and mitigation market include NETSCOUT (USA), Akamai Technologies (United States), Imperva (United States), Radware (Israel), Corero Network Security (United States), Cloudflare (United States), Link11 (Germany), Nexusguard (Hong Kong), A10 Networks (United States), Fortinet (United States), Huawei Technologies (China), Verisign (United States) and Sucuri (United States).

RECENT HAPPENINGS IN THE GLOBAL DDoS PROTECTION AND MITIGATION MARKET

• In 2017, the U.S. Department of Commerce and Homeland Security published a draft report on improving resilience against botnets. Its objective is to strengthen the cybersecurity of government networks and critical infrastructures. Therefore, the implementation of its recommendations is established to stimulate the demand for DDoS protection solutions in government infrastructure.

• Neustar Inc. launched SiteProtect NG, its new solution to protect brands against DDoS (distributed denial of service) attacks. This DDoS mitigation solution is designed to meet the security requirements of all brands, on-premises and in the cloud, to meet the next generation of cyber threats.

DETAILED SEGMENTATION OF THE GLOBAL DDoS PROTECTION AND MITIGATION MARKET INCLUDED IN THIS REPORT

This research report on the global DDoS protection and mitigation market has been segmented and sub-segmented based on component, area of application, mode of deployment, size of organization, vertical, and region. 

By Component Type

• Hardware
• Software
• Services

By Application

• Network 
• Application-Based
• Database
• Endpoint

By Deployment Mode

• Cloud
• Hybrid
• On-Premises

By Organization Size

• SMEs
• Large Enterprises

By Vertical

• Government and Defence
• BFSI
• Manufacturing
• Energy and Utilities
• It and Telecommunications
• Health Care
• Education
• Retail

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa