DDoS Protection and Mitigation Market is projected to reach US$6 billion by 2026 and is estimated to grow at a CAGR of 14% during the forecast period 2021-2026.
DDoS Protection and Mitigation Market Overview
DDoS Protection and Mitigation Market is projected to reach US$6 billion by 2026 and is estimated to grow at a CAGR of 14% during the forecast period 2021-2026. With the increasing penetration of connected devices and advancements in Internet of Things (IoTs) the demand for DDoS Protection and Mitigation Market is estimated to gain huge traction. The alarming growth in the number of multi-vector DDoS attacks such as network time protocol (NTP) amplification attack, Memcached DDoS attack overwhelming the victim’s server or network with flood of traffic to exhaust the target’s resources to create a denial of service has contributed to the growth of the market. According to reports, 1/3 of downtime incidents are attributed to Distributed denial-of-service attack. With the increase in security breaches in BFSI sector the demand for mitigation of incoming cyber threats is analyzed to stimulate the market during the forecast period 2021-2026. According to reports in February, 2020 Amazon Web Services Shield, a managed DDoS protection service mitigated the largest DDoS attack of 2.3 Tbps.
