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DDoS Protection and Mitigation Security Market Trends

Report ID: GMI8006
Published Date: Feb 2024
Report Format: PDF

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DDoS Protection and Mitigation Security Market Trends

The DDoS protection and mitigation security industry is propelled by the upward trend in adopting cloud-based services. Organizations increasingly opt for cloud-based DDoS protection solutions due to their scalability, flexibility, and ability to mitigate attacks closer to the source. This trend aligns with the growing reliance on cloud infrastructure, providing businesses with robust and easily deployable defenses against distributed denial-of-service threats, contributing significantly to the market's continued growth.

For instance, in May 2023, Radware, a cybersecurity and application delivery solutions provider, unveiled an innovative cloud-based DDoS protection solution aimed at bridging the gap between traditional DDoS mitigation and the rising threat of aggressive L7 (Layer 7) HTTPS flood attacks, commonly referred to as Web DDoS tsunami attacks.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of DDoS protection and mitigation security reached USD 4 billion in revenue in 2023 and is set to grow at over 15% CAGR from 2024 to 2032, owing to regulatory mandates compelling organizations to invest in advanced DDoS protection solutions to ensure compliance.

The services segment is anticipated to record notable growth at over 17% CAGR through 2032, due to the increasing sophistication of cyber threats, prompting organizations to seek comprehensive solutions.

North America accounted for more than 33% market share in 2023, attributed to the growing prevalence of advanced technologies and widespread digitalization in the region.

Some key DDoS protection and mitigation security companies are A10 Networks, Akamai Technologies, Allot Ltd., Amazon Web Services, Inc., Cloudflare, Inc., Comodo Security Solutions, Inc., F5, Inc., Microsoft Corporation, NetScout Systems, Inc., Radware Inc., SiteLock, and Verisign Inc.