DDoS Protection And Mitigation Security Market Growth Outlook Through 2024-2033

Overview and Scope
DDoS (Distributed Denial of Service) protection and mitigation refer to cybersecurity measures and strategies implemented to defend against and mitigate the impact of DDoS attacks. DDoS attacks occur when multiple compromised computers or devices flood a target system, such as a website or online service, with massive traffic. DDoS protection services reduce application downtime and latency by implementing inline mitigations such as packet filtering and traffic shaping to prevent network-layer attacks.

Sizing and Forecast
The DDoS protection and mitigation security market size has grown rapidly in recent years. It will grow from $4.32 billion in 2023 to $4.36 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to increasing frequency and complexity of DDoS attacks, rising cybersecurity concerns, dependency on internet-based services, financial loss prevention, and global expansion of online services.

The DDoS protection and mitigation security market size is expected to see rapid growth in the next few years. It will grow to $8.70 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to IoT-related threats, edge computing and cloud services, rise in ransom DDoS attacks (RDDoS), and zero-day attack preparedness. Major trends in the forecast period include AI and machine learning advancements, increased focus on zero-trust architectures, behavioral biometrics for user authentication, 5g network preparedness, and quantum-safe cryptography.

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Segmentation & Regional Insights
The DDoS protection and mitigation security market covered in this report is segmented –

1) By Component: Hardware Solution, Software Solution, Services
2) By Application: Network Security, Endpoint Security, Application Security, Database Security
3) By Vertical: Government And Defense Banking, Financial Services And Insurance (BFSI), Manufacturing, Energy And Utility, IT And Telecommunication, Healthcare Education, Retail, Other Verticals

North America was the largest region in the DDoS protection and mitigation security market in 2023. The regions covered in the DDoS protection and mitigation security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising adoption of IoT devices is expected to propel the growth of the DDoS protection and mitigation security market going forward. IoT, or the Internet of Things, refers to a network of interconnected devices embedded with sensors, software, and other technologies that enable them to collect and exchange data over the Internet without human intervention. IoT devices with sensors and network monitoring capabilities can analyze traffic patterns in real-time. By continuously monitoring incoming and outgoing traffic, these devices can detect anomalies and suspicious activities indicative of a DDoS attack, such as a sudden surge in traffic volume or unusual patterns of packet transmission. For instance, in August 2022, according to Akamai Technologies Inc., a US-based internet company, IoT connections are expected to increase from 15.1 billion in 2021 to 23.3 billion IoT connections in 2025. Therefore, the rising adoption of IoT devices drives the growth of the DDoS protection and mitigation security market.

Key Industry Players

Major companies operating in the DDoS protection and mitigation security market are Microsoft Corporation, Huawei Technologies Co. Ltd., Amazon Web Services Inc., BT Group plc, Fortinet Inc., Akamai Technologies Inc., F5 Networks Inc., VeriSign Inc., Cloudflare Inc., NetScout Systems Inc., Imperva Inc., Fastly Inc., Radware Ltd., A10 Networks Inc., Comodo Security Solutions Inc., Allot Ltd., StackPath LLC, HaltDos Pvt. Ltd., SiteLock LLC, Seceon Inc., Sucuri Inc., PhoenixNAP LLC, Corero Network Security Inc., Indusface Pvt. Ltd., Link11 GmbH, Mlytics Inc., RioRey Inc., DDoS-Guard Corp., StrataCore Inc., Active Reach Ltd.

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

1. Executive Summary
2. DDoS Protection And Mitigation Security Market Characteristics
3. DDoS Protection And Mitigation Security Market Trends And Strategies
4. DDoS Protection And Mitigation Security Market – Macro Economic Scenario
5. Global DDoS Protection And Mitigation Security Market Size and Growth
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31. DDoS Protection And Mitigation Security Market Other Major And Innovative Companies
32. Global DDoS Protection And Mitigation Security Market Competitive Benchmarking
33. Global DDoS Protection And Mitigation Security Market Competitive Dashboard
34. Key Mergers And Acquisitions In The DDoS Protection And Mitigation Security Market
35. DDoS Protection And Mitigation Security Market Future Outlook and Potential Analysis
36.Appendix

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