DDoS Protection and Mitigation Market Forecast 2024-2033: Growth Rate, Drivers, And Trends|Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Dell Technologies Inc., Hitachi Ltd

The DDoS Protection and Mitigation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s DDoS Protection and Mitigation Global Market Report 2024, 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.

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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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

Major companies operating in the DDoS protection and mitigation market are launching new cloud web to increase their profitability in the market. Cloud web DDoS protection and mitigation refer to the use of cloud-based services and technologies to defend against and alleviate the impact of Distributed Denial of Service (DDoS) attacks on web applications and services. For instance, in May 2023, Radware Inc., an Israel-based software company launched DefensePro X. DefensePro X is designed to bridge the gap between traditional DDoS mitigation and the evolving landscape of aggressive layer 7 (L7) HTTPS Flood attacks, also known as Web DDoS Tsunami attacks. Advanced behavioral algorithms swiftly neutralize encrypted, high-volume, multi-vector threats, bypassing standard WAFs and DDoS tools, ensuring precise detection and blocking of L7 attacks without disrupting legitimate traffic. The solution safeguards organizations against a broad spectrum of Layer 7 (L7) DDoS threats, encompassing intricate, smaller-scale attacks, emerging L7 tools, and extensive Web DDoS Tsunami attacks. Through exclusive behavioral analysis and instantaneous signature creation, Radware promptly identifies HTTPS floods.

The ddos protection and mitigation market report table of contents includes: