DDoS Prevention And Mitigation Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Offering (Solution, Service), By Enterprise Size (Small, Medium, Large), By End User (Communication And Technology, Manufacturing, BFSI, Retail, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Oct 2022 Report Code: KSI061611809 Pages: 138

The global DDoS Prevention and Mitigation market was valued at US$8.816 billion in 2020 and is expected to show good growth over the forecast period. The growth of organizations with an increasing customer base and expanding locations has led to the creation, manipulation, and sharing of huge volumes of data over networks. The growing reliance on technology as a result of rapidly increasing digitization and automation of processes across industries around the world raises the cost of downtime. There is a large degree of variance in the average cost of downtime, which depends mainly on the type of business and business environment. Considering an enterprise's average of 250 critical applications and an hourly downtime cost of $300,000 per application, application downtime can cost the enterprise nearly $75 million per hour, if not more. In August 2022, key Taiwanese websites experienced intermittent outages. At least four websites were targeted: those of President Tsai Ing-wen, the National Defense Ministry, the Foreign Affairs Ministry, and Taiwan Taoyuan International Airport. APT27, a Chinese hacking group, was responsible, and they posted a video threatening to leak government data. Furthermore, in 2020, Chinese hackers infiltrated at least 10 Taiwan government agencies and gained access to approximately 6,000 email accounts in an attempt to steal data. Since a DDoS attack can completely take control of an enterprise's IT infrastructure, downtime for such entities can skyrocket, escalating losses associated with such events. The increasing number of such incidents is increasing the need for robust DDoS prevention and mitigation solutions among end-users, thus boosting the market growth.

The market's expansion is also attributed to massive investments made by businesses in communication and technology in all major regions around the world. A significant portion of this massive inflow of capital is going toward the global expansion of data centre networks. These investments are becoming even more rigorous as the volume of data generated per day grows exponentially. For example, Facebook, one of the world's largest technology companies, has over 300 PB of data in its data centres. Similarly, many other enterprises around the world store massive amounts of data, increasing the severity of loss they are likely to suffer in the event of a cyber attack. This is driving the demand for robust DDoS prevention and mitigation solutions among enterprises, thus boosting the market’s growth.

The rapidly growing popularity and adoption of public cloud services, coupled with the continuous increase in the number of endpoint devices accessing the data in the cloud, is also shaping the growth of the market. Any type of security breach in this ecosystem can result in a significant financial loss for an enterprise due to a loss of investor or customer confidence, productivity loss, as well as hefty federal fines as part of legal proceedings. For instance, Akamai, an internet security company, dealt with "three of the six largest volumetric DDoS attacks" ever recorded in February 2021. The majority of these attacks peaked at 800Gbps and were directed at a European gambling company. Ransom letters demanding ten bitcoins were demanded to end the strike.  People were subjected to more than nine hours of nonstop DDoS attacks with speeds exceeding 200Gbps and peaking at 237Gbps. WannaCry, another big ransomware attack that caught the world’s attention, went on to take control of several thousand machines from banking institutions, government agencies, and other enterprises and organizations.

This is driving up demand for advanced DDoS prevention and mitigation solutions and services among businesses of all sizes, boosting the market growth.

Furthermore, strict laws governing the security of customer data stored with enterprises are driving enterprises toward breech-proof security solutions that provide a very high level of security from cyber attacks. For instance, Europe’s General Data Protection Regulation applies to every enterprise across the globe that stores sensitive information about European customers with it. The regulation requires such companies to maintain complete control over the data in order to fulfil requests from individuals to remove their personal data from servers. Companies are shifting toward robust DDoS prevention and mitigation solutions that promise complete control over the IT infrastructure because noncompliance with this regulation can result in a fine of €20 million or 4% of an enterprise's annual global revenue, whichever is greater.

The DDoS Prevention and Mitigation market has been segmented on the basis of offering, enterprise size, end-user, and geography. By offering, the market has been segmented into services and solutions. The market has been divided into three categories based on enterprise size: small, medium, and large.  By end-user, the DDoS Prevention and Mitigation market has been segmented into communication and technology, manufacturing, BFSI, retail, and others.

North America and Europe hold a sizable market share

Geographically, the DDoS Prevention and Mitigation market has been segmented into North America, South America, Europe, the Middle East, and Africa (MEA), and Asia Pacific (APAC). To give a clearer view of these regional markets, they have been further segmented into countries that account for a significant market share. North America and Europe account for a sizable market share, and market growth in these regions is expected to continue throughout the forecast period. Strict enforcement of cybersecurity regulations in these regions is a major driving factor driving the market growth. Booming industries in these regions are seeing an inflow of enterprise investments into strengthening their enterprise infrastructure security, which is also supporting the market's growth. Over the forecast period, the Asia Pacific market is expected to grow steadily. One of the major driving factors for the regional market is the region's rapid industrial growth.  The presence of a large number of vendors offering tailored solutions for businesses of all sizes is expected to boost the adoption of DDoS prevention and mitigation solutions and services, thereby boosting the market growth. South America,  the Middle East, and Africa account for a relatively small market share. However, market growth in these regions is expected to remain strong over the forecast period.

Recent development and expansion

  • Corero Network Security, a provider of real-time, high-performance DDoS cyber defence solutions, expanded its automatic protection against Botnet and Carpet Bomb attacks in March 2022. The company's mission is to make the internet a safer place to do business by preventing disruption and downtime caused by DDoS attacks.
  • Radware acquired SecurityDAM in February 2022 for US$ 30 million, with contingent payments of up to USD 12.5 million for Radware's cloud DDoS protection service after the deal.
  • Bigleaf Networks launched an automated DDoS mitigation service in January 2022 that works across multiple circuits to assist businesses in providing more reliable connectivity to their users by protecting the performance of their internet connections from overt and covert attacks and interruptions. The new service assists businesses that are subjected to DDoS attacks.

Covid 19 impact on DDoS Prevention and Mitigation Market

COVID-19 led to the adoption of rapid digital transformation strategies has increased the need for security immediately, followed by other issues such as security, performance, availability, and increased IT costs, necessitating DDoS Protection and Mitigation solutions and services. Furthermore, COVID-19 increased the importance of Secured network connections in its operations. Moreover, DDoS Protection and Mitigation solutions and services were in high demand during the pandemic due to benefits such as interconnectivity and better management. With the majority of businesses still using WFH and hybrid work models, the demand for DDoS Protection and Mitigation for security assessments is expected to rise further for effective SIEM and threat intelligence around the world.

DDoS Prevention and Mitigation Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$8.816 billion
 Growth Rate  CAGR during the forecast period
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Offering, Enterprise Size, End-User, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Google, Microsoft Corporation, Amazon Web Services, IBM, Cloudflare, Inc., NETSCOUT, Nexusguard Limited, Sucuri Inc., Imperva, Neustar, Inc.
 Customization Scope  Free report customization with purchase

 

Market Segmentation

  • By Offering
    • Solution
    • Service
  • By Enterprise Size
    • Small
    • Medium
    • Large
  • By End-User
    • Communication and Technology
    • Manufacturing
    • BFSI
    • Retail
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Thailand
      • Taiwan
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global DDoS prevention and mitigation market?
A1. DDoS Prevention and Mitigation Market was valued at US$8.816 billion in 2020.


Q2. Who are the major players in the DDoS prevention and mitigation market?
A2. Prominent key market players in the DDoS prevention and mitigation market include Google, Microsoft Corporation, Amazon Web Services, IBM, Cloudflare, Inc., NETSCOUT, and Nexusguard Limited among others.


Q3. How is the global DDoS prevention and mitigation market segmented?
A3. DDoS Prevention and Mitigation Market have been segmented by offering, enterprise size, end-user, and geography.


Q4. What factors are anticipated for DDoS prevention and mitigation market growth?
A4. The increasing number of such incidents is increasing the need for robust DDoS prevention and mitigation solutions among end-users, thus boosting the market growth.


Q5. Which region holds the largest market share in the DDoS prevention and mitigation market?
A5. North America and Europe account for a sizable share of the DDoS prevention and mitigation market.


1. Introduction

1.1. Market Overview

1.2. Covid 19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. Research Methodology

2.1. Research Data

2.2. Assumptions

 

3. Executive Summary

3.1. Research Highlights

 

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.4. Industry Value Chain Analysis

 

5. DDoS Prevention And Mitigation Market Analysis, By Offering

5.1. Introduction

5.2. Solution

5.3. Service

 

6. DDoS Prevention And Mitigation Market Analysis, By Enterprise Size

6.1. Introduction

6.2. Small

6.3. Medium

6.4. Large

 

7. DDoS Prevention And Mitigation Market Analysis, By End User

7.1. Introduction

7.2. Communication and Technology

7.3. Manufacturing

7.4. BFSI

7.5. Retail

7.6. Others

 

8. DDoS Prevention And Mitigation Market Analysis, By Geography

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. South Korea

8.6.4. India

8.6.5. Thailand

8.6.6. Taiwan

8.6.7. Indonesia 

8.6.8. Others

 

9. Competitive Environment and Analysis

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

 

10. Company Profiles 

10.1. Google

10.2. Microsoft Corporation

10.3. Amazon Web Services

10.4. IBM

10.5. Cloudflare, Inc.

10.6. NETSCOUT

10.7. Nexusguard Limited

10.8. Sucuri Inc.

10.9. Imperva

10.10. Neustar, Inc.

Google

Microsoft Corporation

Amazon Web Services

IBM

Cloudflare, Inc.

NETSCOUT

Nexusguard Limited

Sucuri Inc.

Imperva

Neustar, Inc.

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