DDoS Protection and Mitigation Security Global Market Report 2024

The DDoS protection and mitigation security market size has grown rapidly in recent years. It will grow from $4.32 billion in 2023 to $4.36 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The expansion witnessed during the historic period can be attributed to several key factors, including the escalating frequency and complexity of DDoS attacks, heightened cybersecurity apprehensions, growing reliance on internet-based services, efforts to prevent financial losses, and the worldwide proliferation of online services.

The DDoS protection and mitigation security market size is expected to see rapid growth in the next few years. It will grow to $8.7 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The anticipated growth in the forecast period can be attributed to several significant factors, including the emergence of threats related to the Internet of Things (IoT), the integration of edge computing and cloud services, the increasing incidence of ransom Distributed Denial of Service (DDoS) attacks (RDDoS), and the preparedness for zero-day attacks. Key trends expected during this period include advancements in Artificial Intelligence (AI) and machine learning, a heightened focus on zero-trust architectures, the adoption of behavioral biometrics for user authentication, readiness for 5G network deployment, and the implementation of quantum-safe cryptography measures.

The increasing adoption of IoT devices is anticipated to drive the expansion of the DDoS protection and mitigation security market in the coming years. IoT, short for the Internet of Things, encompasses a network of interconnected devices equipped with sensors, software, and other functionalities enabling data collection and exchange over the Internet autonomously. IoT devices, equipped with sensors and network monitoring capabilities, possess the ability to analyze real-time traffic patterns. Through continuous monitoring of incoming and outgoing traffic, these devices can swiftly identify anomalies and suspicious activities indicative of a Distributed Denial of Service (DDoS) attack, such as sudden spikes in traffic volume or irregular packet transmission patterns. For example, Akamai Technologies Inc., a prominent US-based internet company, projected that IoT connections would surge from 15.1 billion in 2021 to 23.3 billion by 2025, thus substantiating the correlation between the escalating adoption of IoT devices and the growth of the DDoS protection and mitigation security market.

Key players within the DDoS protection and mitigation security sector are focused on leveraging advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML), particularly in the form of ML-based adaptive DDoS protection, to address the escalating security demands. ML-based adaptive DDoS protection harnesses machine learning algorithms to swiftly detect and mitigate dynamic DDoS attacks. For instance, in July 2023, NetScout Systems Inc., a renowned US-based networking enterprise, unveiled ML-based adaptive DDoS protection tailored for Arbor Edge Defense (AED). This solution, characterized by its scalability and efficiency in stateless packet processing, caters to businesses contending with the persistent threat of DDoS attacks. Built on decades of DDoS mitigation expertise, the solution offers unparalleled real-time visibility into global DDoS attack activities, thereby empowering organizations to proactively safeguard their networks against evolving cyber threats.

In February 2022, Radware Ltd., a prominent US-based networking company, completed the acquisition of SecurityDAM for an approximate sum of $30 million. This strategic move was undertaken to bolster Radware's innovation center, cloud services division, and expand its cloud network footprint and capacity. The acquisition encompassed the assets of SecurityDAM, a closely affiliated entity that furnished Radware with scrubbing center services. SecurityDAM, headquartered in Israel, specializes in computer and network security, offering cloud-based security solutions, including DDoS attack mitigation security, tailored to assist managed security service providers (MSSPs).

Major companies operating in the ddos protection and mitigation security market report are Microsoft Corporation, Huawei Technologies Co. Ltd., Amazon Web Services Inc., BT Group plc, Fortinet Inc., Akamai Technologies Inc., F5 Networks Inc., VeriSign Inc., Cloudflare Inc., NetScout Systems Inc., Imperva Inc., Fastly Inc., Radware Ltd., A10 Networks Inc., Comodo Security Solutions Inc., Allot Ltd., StackPath LLC, HaltDos Pvt. Ltd., SiteLock LLC, Seceon Inc., Sucuri Inc., PhoenixNAP LLC, Corero Network Security Inc., Indusface Pvt. Ltd., Link11 GmbH, Mlytics Inc., RioRey Inc., DDoS-Guard Corp., StrataCore Inc., Active Reach Ltd.

North America was the largest region in the DDoS protection and mitigation security market in 2023. The regions covered in the ddos protection and mitigation security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ddos protection and mitigation security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

DDoS (Distributed Denial of Service) protection and mitigation encompass cybersecurity measures and tactics implemented to safeguard against and alleviate the impact of DDoS attacks. These attacks occur when multiple compromised devices inundate a target system, such as a website or online service, with an overwhelming volume of traffic. DDoS protection services aim to minimize application downtime and latency by employing inline mitigations such as packet filtering and traffic shaping to thwart network-layer attacks.

The primary components of DDoS protection and mitigation security comprise software solutions and services. Hardware solutions, on the other hand, entail tangible approaches utilizing electronic or mechanical devices to address security needs across various domains including network security, endpoint security, application security, and database security. These solutions find application in diverse sectors such as banking, financial services, and insurance (BFSI), energy and utilities, information technology and telecommunications, healthcare, education, retail, and other verticals.

The DDoS protection and mitigation security market research report is one of a series of new reports that provides DDoS protection and mitigation security market statistics, including DDoS protection and mitigation security industry global market size, regional shares, competitors with DDoS protection and mitigation security market share, detailed DDoS protection and mitigation security market segments, market trends, and opportunities, and any further data you may need to thrive in the DDoS protection and mitigation security industry. This DDoS protection and mitigation security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The DDoS protection and mitigation security market includes revenues earned by entities by providing traffic scrubbing, anomaly detection, content delivery networks (CDNs), incident response planning, 24/7 monitoring and support. The market value includes the value of related goods sold by the service provider or included within the service offering. The DDoS protection and mitigation security market consists of sales of firewalls and intrusion prevention systems (IPS), intrusion detection and prevention systems (IDPS), content delivery networks (CDNs), and on-premises DDoS appliances. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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