Global DDoS Protection and Mitigation Market - 2021-2028

Global DDoS Protection and Mitigation Market - 2021-2028

Market Overview

The global DDoS protection and mitigation market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).

A Denial of Service (DoS) attack is a cyberattack in which the perpetrator prevents users from accessing the host by making their network resources temporarily unavailable through disruption. Distributed Denial of Service (DDoS) is a more sophisticated attack. The incoming traffic that floods the victim originates from various sources; thus, blocking any single source cannot stop the attack.

DDoS causes massive service disruption and financial losses for the targets. Criminals often perpetrate DDoS attacks against high-value targets such as banks, payment processing gateways and government services. Revenge, blackmail, extortion and activism are some of the motives behind the attacks.

Market Dynamics

The demand for DDoS protection and mitigation is driven by the global rise of more comprehensive and sophisticated DDoS attacks. The budget constraints of small and medium enterprises prevent their wider adoption and represent a key challenge for the growth of this market.

Global rise in DDoS attacks

Recent years have seen an unprecedented rise in the sophistication and intensity of DDoS attacks. Most attacks originate from non-state actors such as hacker groups and cybercriminals, leading to huge disruptions and financial losses for businesses and governments. For strategic and geopolitical reasons, rogue states such as North Korea are also suspected to be behind DDoS attacks. A recent example is the ransomware attack on the Colonial Pipeline, a petroleum and jet fuel pipeline in the southern U.S. state of Texas that was attacked on 7th May 2021.

The attack caused massive fuel supply disruptions and financial losses. Attacks are also becoming more sophisticated to evade traditional defenses, such as multi-vector DDoS attacks. The attacks exhibit variability in their intensity and duration, adding more variants that are added and subtracted multiple times within a typical 10-minute attack. It overwhelms cyber defenses, which shuts down and reboots the server, thus causing disruption and outages. The rising DDoS attacks are a key driver for the market's growth.

Budget constraints for small and medium businesses

The rise in DDoS attacks across various industry verticals globally has made information security a top priority for enterprises. However, DDoS protection solutions are becoming increasingly complex and multi-layered, making them incredibly expensive. All-round cybersecurity involves high capital expenditure, which many small and medium enterprises can ill-afford, unlike major conglomerates.

Small businesses may prefer basic protection services, leaving them vulnerable to more sophisticated attacks. The budget constraints of small and medium enterprises relegate comprehensive DDoS protection to major companies and prevent the wider adoption of security measures. It is a key challenge for the growth of the market.

COVID-19 impact analysis

The global IT services industry experienced relatively strong growth during the COVID-19 pandemic. Due to government-imposed lockdowns, many workplaces and businesses moved to a remote and hybrid work system. The reliance on IT infrastructure and internet connectivity has only grown since. DDoS attacks, therefore, cause massive disruptions and companies are more careful in the scrutinization of their defenses. The reliance on protection services has only grown as solution vendors experienced high queries and consultations during the pandemic.

The long-term outlook for the market is extremely positive. DDoS attacks will only increase in intensity in the coming years and the demand for protection services will continue accordingly. The global DDoS protection and mitigation market will continue to grow strongly in the coming years.

Segment Analysis

The DDoS protection and mitigation market is segmented on component, application, deployment, vertical and region. The global DDoS protection and mitigation market is further segmented into hardware solutions, software solutions and services on components. Services is leading in this segmentation since it is one of the most comprehensive solutions DDoS protection vendors provide.

The services include designing and implementing security solutions, consulting, training, and educating client staff on security solutions. Most clients enter into a long-term partnership with a vendor to ensure comprehensive protection. Many vendors also pitch services instead of standalone software or hardware solutions, ensuring a long-term revenue stream.

Geographical Analysis

North America is leading in the global DDoS protection and mitigation market. The region accounts for the largest market share, primarily due to the presence of U.S. and Canada. Both countries are well-developed, high-income and technologically advanced economies. North America is considered the leader in global IT innovation and commercialization of IT technology. It is home to the largest tech conglomerates globally. The region also has a very high level of digital penetration. All the factors make North America a prime target for DDoS attacks, from rogue states and non-state actors.

Therefore, a large DDoS protection market has emerged in this region in the last few years. Corporations and businesses are expected to strengthen their cybersecurity measures and implement comprehensive DDoS protection measures to respond to growing attacks. The North American region is expected to retain the largest market share in the global DDoS protection and mitigation market in the coming years.

Competitive Landscape

The global DDoS protection and mitigation market is highly competitive due to various manufacturers' availability of different types of proprietary cylinders. Some of the major players contributing to the growth in the segment are NETSCOUT, Akamai Technologies, Radware, Fortinet, Inc., Link11, Imperva, Cloudflare, Inc., NPROXX, Fastly, Inc. and Seceon Inc. The major players adopt several growth strategies such as new product launches, joint ventures and collaborations, contributing to global growth in the industry.

NETSCOUT

Overview: NETSCOUT is a software solution & consulting company with primary interests in application and network performance management. It also specializes in DDoS protection solutions. The company was founded in 1984 and is headquartered in Westford, Massachusetts, U.S.

Product Portfolio

Arbor Edge Defense is the company's flagship DDoS protection solution. It is an automated, hybrid protection application deployed at the network perimeter. The application also provides threat intelligence through the company's database and can be integrated with the client's existing security stack.

Key Developments: In September 2021, NETSCOUT released its 1H2021 threat intelligence report. The report highlighted the unprecedented rise in DDoS attacks, including adaptive attacks which can evade traditional defenses. It further highlighted the economic damage caused by the attacks and new monitoring and security measures to implement going forward.

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Target Audience 2022

Cybersecurity companies

Policy thinktanks

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals

Utility Companies