How Will the DDoS Protection And Mitigation Security Market Grow, and What Is the Projected Market Size?
The DDoS protection and mitigation security market will grow from $5.03 billion in 2024 to $5.76 billion in 2025, at a CAGR of 14.7%. The rise in frequency and complexity of DDoS attacks, cybersecurity concerns, reliance on internet-based services, financial loss prevention, and the global expansion of online services contribute to this growth.
The DDoS protection and mitigation security market is expected to grow to $10 billion by 2029 at a CAGR of 14.8%. The growth is attributed to IoT-related threats, edge computing, and rising ransom DDoS attacks. Trends include AI/ML advancements, zero-trust architectures, and quantum-safe cryptography.
What Key Elements Are Boosting Growth in the DDoS Protection And Mitigation Security Market?
The rising adoption of IoT devices is expected to propel the growth of the DDoS protection and mitigation security market. As IoT devices become more prevalent, the need for robust security solutions to protect against DDoS (Distributed Denial of Service) attacks is growing. IoT devices with built-in sensors and monitoring capabilities can detect anomalies in traffic patterns, helping mitigate DDoS attacks. Akamai Technologies predicts that the number of IoT connections will rise from 15.1 billion in 2021 to 23.3 billion in 2025, driving the demand for DDoS protection.
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Who Are the Major Industry Players Fueling DDoS Protection And Mitigation Security Market Expansion?
Major companies operating in the DDoS protection and mitigation security market 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.
How Is the Segmentation of the DDoS Protection And Mitigation Security Market Defined?
The DDoS protection and mitigation security market covered in this report is segmented –
1) By Component: Hardware Solution, Software Solution, Services
2) By Application: Network Security, Endpoint Security, Application Security, Database Security
3) By Vertical: Government And Defense Banking, Financial Services And Insurance (BFSI), Manufacturing, Energy And Utility, IT And Telecommunication, Healthcare Education, Retail, Other Verticals
Subsegments:
1) By Hardware Solution: On-Premises Hardware Appliances, Cloud-Based Hardware Solutions
2) By Software Solution: On-Premises Software, Cloud-Based Software, Managed Software Solutions
3) By Services: Consulting Services, Implementation Services, Managed Security Services, Training And Support Services
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What Is the Leading Region in the DDoS Protection And Mitigation Security Market?
North America was the largest region in the DDoS protection and mitigation security market in 2024. 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.
What Is Covered In The DDoS Protection And Mitigation Security Global Market Report?
– Market Size Analysis: Analyze the DDoS Protection And Mitigation Security Market size by key regions, countries, product types, and applications.
– Market Segmentation Analysis: Identify various subsegments within the DDoS Protection And Mitigation Security Market for effective categorization.
– Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
– Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
– Market Contribution: Evaluate contributions of different segments to the overall DDoS Protection And Mitigation Security Market growth.
– Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
– Industry Challenges: Analyze challenges and risks affecting the DDoS Protection And Mitigation Security Market.
– Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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