Increasing instances of enterprise targeted DDoS attacks is expected to drive the DDoS protection and mitigation market
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The Distributed Denial of Service (DDo…mitigation market size is estimated to grow from USD 824.4 million in 2016 to USD 2,162.9 million by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 21.3%. The DDoS protection and mitigation market is driven by factors, such as, need to mitigate increasing enterprise targeted DDoS attacks, rising penetration of Internet of Things (IoT), and enterprise mobility trends across organizations.
However, high cost of deployment and budget constraints of organizations limit the growth of the market.
The managed services segment is expected to grow at the highest CAGR during the forecast period
Organizations are rapidly growing their partnership networks to deploy DDoS protection and mitigation solutions across the globe.
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However, the professional services segment is expected to have the largest market size in 2016.
The application layer segment is expected to grow at the highest CAGR during the forecast period
The application layer, also known as layer 7, segment is estimated to grow at the highest CAGR during the forecast period, due to the rising instances of sophisticated DDoS attacks on the application layer, disrupting operations, thus affecting various business processes. The Banking, Financial Services, and Insurance (BFSI) vertical is estimated to hold the major share of revenue generated in the market, owing to increasing instances of sophisticated DDoS attacks on banking processes.
With the adoption of DDoS protection and mitigation solutions , banks and credit unions are detecting DDoS attacks much sooner, thus minimizing the potential damages.
In-depth interviews were conducted with CEOs, marketing directors, other innovation &technology directors, and executives from various key organizations operating in the DDoS protection and mitigation market place.
- By company type: Tier 1: 55%, Tier 2: 20%, and Tier 3: 25%
- By designation: C-Level: 60%, D-Level: 25%, and others: 15%
- By region: North America: 15%, Europe: 25%, APAC: 30%, Latin America: 20%, and MEA: 10%
Key players include:
(Business Overview, Products & Services, Key Insights, Recent Developments,)*
- Arbor Networks, Inc.
- Akamai Technologies, Inc.
- F5 Networks, Inc.
- Radware Ltd.
- Corero Network Security, Inc.
- Neustar, Inc.
- Cloudflare, Inc.
- Nexusguard Ltd
- Dosarrest Internet Security Ltd
The report provides a picture on DDoS protection and mitigation solutions and associated services across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments, such as component, enforcement point, deployment mode, organization size, vertical, and region.
Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, SWOT analysis, recent developments, and key market strategies.
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