According tomarket research report "DDoS Protection andMitigation Market by Component (Hardware Solutions, SoftwareSolutions, and Services), Application Area (Network, Application, Database, andEndpoint), Deployment Mode, Organization Size, Vertical, and Region - GlobalForecast to 2024", published by MarketsandMarkets, TheDistributed Denial of Service (DDoS) protection and mitigation market size isexpected to grow from USD 2.4 billion in 2019 to USD 4.7 billion by 2024, at aCompound Annual Growth Rate (CAGR) of 14.0% during the forecast period.
The DDoSprotection and mitigation market is gaining traction due to the rise inmulti-vector DDoS attacks that cause traffic congestion by flooding networkswith numerous illegitimate network packets. The major forces driving the DDoSprotection and mitigation market are, easy availability of DDoS-for-hire services,high demand for cloud-based and hybrid DDoS protection and mitigation solutionsand rise in the number of Internet of Things (IoT) devices. The high demand forDDoS protection and mitigation solutions among the gaming sector is expected todrive the DDoS protection and mitigation market over the next 5 years.
Browse andin-depth TOC on “DDoS Protection and Mitigation Market”
82 - Tables
50- Figures
176- Pages
Ask For PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111952874
Services segment to playa key role in the DDoS protection and mitigation market
The services segment isexpected to play a vital role in changing the DDoS protection and mitigationmarket landscape and grow at the highest CAGR during the forecast period.Services offered by the DDoS protection and mitigation vendors are classifiedinto professional and managed services. The rise in the demand for DDoSservices is due to the need to protect websites, networks, and criticalinfrastructure devices, as well as, to reduce the downtime and business risks.Cyberattacks on websites are increasing at an alarming rate and have compelledorganizations to adopt robust security services for addressing risks in thecontinuously evolving threat landscape. Services offered by DDoS protection andmitigation vendors help safeguard websites, networks, and layer 3 and layer 7threats.
Small and Medium-sizedEnterprises (SMEs) segment to grow at the fastest rate during the forecastperiod
In the DDoS protectionand mitigation market, SMEs are expected to be the fastest-growing segment, asthese enterprises have become the key targets for cyber terrorists orhacktivists. SMEs need to appraise their security systems to effectively closethe gaps that slowdown the performance of their servers. Hence, it has becomeessential for SMEs to incorporate DDoS protection techniques, such as scrubbingservices, Border Gateway Protocol (BGP), routing, sinkholing, null routing, andDomain Name Server (DNS) routing.
Speak To Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=111952874
Asia Pacific (APAC) togrow at the highest CAGR during the forecast period
The market in APAC isexpected to grow at the highest CAGR between 2019 and 2024. The primary forcesdriving this growth are increasing technology adoption, huge opportunitiesacross the government and public sector, and an increase in the number of startupsin APAC countries, especially India. In recent years, the APAC region hasundergone tremendous economic growth, political transformations, and socialchanges. The region has a large number of established SMEs, which are growingat an exponential rate to cater to their large customer base. Due to theincreasing sophistication levels of threats, countries such as China, India,and Japan have all updated or introduced new national cybersecurity policies.
The report encompassesthe different strategies, such as mergers and acquisitions, partnerships andcollaborations, business expansions, and product developments, adopted by themajor players to increase their market share. Some of the major technologyvendors in the DDoS protection and mitigation are NETSCOUT (US); AkamaiTechnologies (US); Imperva (US); Radware (Israel); Corero Network Security(US); Cloudflare (US); Link11 (Germany), Nexusguard (Hong Kong); A10 Networks,(US); Fortinet (US); Huawei Technologies (China); Verisign (US); Sucuri (US);SiteLock (US); Flowmon Networks (Czech Republic); StackPath, (US); DOSarrestInternet Security (Canada); NSFOCUS (US); and Seceon (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on30,000 high growth niche opportunities/threats which will impact 70% to 80% ofworldwide companies’ revenues. Currently servicing 7500 customers worldwideincluding 80% of global Fortune 1000 companies as clients. Almost 75,000 topofficers across eight industries worldwide approach MarketsandMarkets™ fortheir painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™are tracking global high growth markets following the "Growth EngagementModel – GEM". The GEM aims at proactive collaboration with the clients toidentify new opportunities, identify most important customers, write"Attack, avoid and defend" strategies, identify sources ofincremental revenues for both the company and its competitors.MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning topplayers across leaders, emerging companies, innovators, strategic players)annually in high growth emerging segments. MarketsandMarkets™ is determined tobenefit more than 10,000 companies this year for their revenue planning andhelp them take their innovations/disruptions early to the market by providingthem research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence andmarket research platform, "Knowledgestore" connects over 200,000markets and entire value chains for deeper understanding of the unmet insightsalong with market sizing and forecasts of niche markets.
Contact:
Mr. AashishMehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/ddos-protection-mitigation.asp
Report: https://www.marketsandmarkets.com/Market-Reports/ddos-protection-mitigation-market-111952874.html
