South Korea Distributed Denial of Service (DDoS) Solution Market, Forecast to 2021
South Korean DDoS solution market witnessed a growth of 12.1% on a YoY basis and reached $28.7 million of vendor revenue in 2016. The rise of DDoS attacks in South Korea has helped to raise awareness among many businesses. Many vendors and service providers announced that South Korea was among the top 10 source countries of DDoS attacks. Though the trend of DDoS attacks whereby hackers exploited IoT devices to launch massive attacks has risen globally, South Korea mainly experienced small- volume attacks in 2016. To showcase their hacking skills, many students developed their own hacking tools and created zombie PC networks for DDoS attacks.
In addition to market growth analysis, the study highlights the key driving forces of the DDoS market. Key drivers include better awareness of security due to constantly evolving DDoS attacks which will eventually stimulate the stronger adoption of DDoS solutions; growing concerns over threats to key infrastructure and strong requirements for cyber resiliency which are driving government organizations and service providers to upgrade their network infrastructure and mitigation capacities; the rise in the number of connected devices (IoT devices) which requires businesses and service providers to strengthen their protection capability; tightened requirements for compliances which drive organizations to invest in DDoS solutions to protect infrastructure and data; growing concerns over business disruption and reputation loss which drive many large organizations to expand their in-house DDoS mitigation capacity; and incomplete ability of legacy security approaches which causes customers to look at dedicated defense solutions to tackle threats and mitigate attacks.
Market trends are analyzed for the study period 2015 to 2021, with the base year being 2016. DDoS solution is the key focus area in this study. The vertical segmentation in this study includes the government, banking, financial services and Insurance (BFSI), service provider, manufacturing, education, eCommerce, and other sectors.
Companies analyzed in the South Korean DDoS solution market's competitive landscape include Akamai, AhnLab, WINS, and CD Networks.
Key Questions This Study Will Answer
• Is the DDoS solution market growing? How long will it continue to grow, and at what rate?
• Are the existing competitors structured correctly to meet customer needs?
• Will DDoS solutions continue to exist, or will other solutions and services take its place?
• How will the structure of the market change with time?
• Will the services replace the product markets?
• What are the most common DDoS threats in South Korea?
• Are the vendors in South Korea ready to go it alone, or do they need partnerships to take their business to the next level?
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