According to the DDoS protection industry analysis carried out by Future Market Insights (FMI), the demand registered in the market will increase at a noteworthy CAGR of around 15.3% from 2022 to 2032. The report states that the market is expected to reach a valuation of ~US$ 6530.5 Million by end of 2032. As per Future Market Insights, ease of availability of DDoS-for-hire services, high demand for cloud-based and hybrid DDoS protection solutions and a rise in multi-vector DDoS attacks to drive the growth of DDoS protection market in the coming years.
Furthermore, regulations governing CIP and services and the convergence of IT and operational technology (OT) systems are expected to drive the DDoS protection market and present attractive growth possibilities for DDoS protection solution vendors.
Cyberattacks on websites are on the rise, requiring organizations to invest in comprehensive security services to reduce risks in an ever-changing threat landscape. As more businesses and service providers use DDoS protection systems, the need for supporting services is expected to grow.
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Key Takeaways: DDoS Protection Market
- By solution, the software segment is expected to dominate with a leading CAGR of 0% in the global demand for DDoS protection over the forecast period, followed by services segment.
- By deployment, the cloud-based DDoS protection solutions are growing dominant with a CAGR of close to 0% between 2022 & 2032.
- By enterprise size, demand for DDoS protection solutions from small & medium enterprises (SMEs) is estimated to be growing at higher rate than large enterprises.
- By industry, BFSI industry showing highest growth with dominant market share by 2032. However, the healthcare industry is projected to showcase a tremendous growth of close to 19% between 2022 & 2032.
- By region, North America currently holds highest market share of around 32% in DDoS protection market in 2021, but South Asia & Pacific region is showing highest growth of ~22% CAGR throughout 2032.
Intensifying DDoS Attacks from Tech firms to Government Organizations to Propel Demand
Presently the DDoS attacks have expanded in terms of volume, rate, landscape, and technology from a mere hobby to a particular agenda which include threats from hackers, cyber-terrorists, partners, customers, rival companies etc.
For instance, massive ransom DDoS attacks and ransomware campaigns disrupted aspects of critical infrastructure around the world (including one of the largest petroleum pipeline system operators in the US) in the first half of 2021, as well as a vulnerability in IT management software that targeted the public sector, schools, credit unions, and travel organizations, to name a few.
Because of the heightened connection provided by mobile and cloud computing, as well as the increasing threat of sophisticated assaults, there is a growing demand for DDoS protection solutions. The majority of manufacturers are investing billions of dollars in R&D to produce effective firewalls and DDoS protection.
5G Technology is Likely to Fuel Botnet-driven DDoS Attacks in Near Future
As the globe prepares to welcome in greater speeds and bandwidth capabilities to mobile devices with 5G internet, it must not be overlooked that fraudsters can use these exact capabilities of 5G-enabled mobile devices to conduct large DDoS attacks. Even a small number of such high-capability devices will be enough to do significant damage.
Only enterprises with comprehensive DDoS attack mitigation systems in place will be able to survive these attacks, which are rising in quantity, scale, intensity, complexity, and sophistication. Such factors are estimated to drive the demand for advanced DDoS protection solutions during the forecast period.
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More Valuable Insights on DDoS Protection Market
Future Market Insight’s report on the data center substation industry research is segmented into four major sections – solution (hardware, software, and services), deployment (cloud-based and on-premises), enterprise size (large enterprises and SMEs), Industry (BFSI, healthcare, manufacturing, IT & telecom, retail, government, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the DDoS protection demand outlook.
DDoS Protection Outlook by Category
By Type, DDoS Protection Demand is segmented as:
- Hardware
- Software
- Services
By Deployment, DDoS Protection Outlook is segmented as:
- Cloud-based
- On-premises
By Enterprise Size, DDoS Protection Outlook is segmented as:
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
By Industry, DDoS Protection Outlook is segmented as:
- IT & Telecom
- BFSI
- Healthcare
- Manufacturing
- Retail
- Government
- Others
By Region, DDoS Protection Sales is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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