DDoS Threat on Cryptocurrency Exchange increases DDoS Protection Market

An increasing demand from large enterprises and Small and Medium Enterprises (SMEs) from diverse industry verticals to safeguard their network and application layer from sophisticated DDoS attacks has led to the growth of the DDoS protection market. In addition, government compliances and increasing demand for next generation mitigation solutions with machine learning capabilities is expected to augment demand for such solutions and services.

DDoS attacks cause traffic congestion by flooding networks with numerous illegitimate network packets. The rise in these attacks would drive the market for DDoS protection and mitigation solutions and services. Hardware DDoS protection and mitigation solutions are gaining traction, as they are capable of mitigating large network-based DDoS attacks or floods, reflective amplified spoof attacks, and application layer attacks. Additionally, these DDoS hardware solutions ensure network connectivity and eliminate the downtime, in case of power or equipment failures during maintenance.

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The hybrid deployment mode is gaining a high traction in the market, as mitigating all DDoS attacks is challenging. The hybrid deployment mode safeguards critical enterprise data on-premises and stores other data in the cloud environment. Hybrid deployment solutions protect organizations’ IT infrastructure from multi-vector DDoS attacks before these attacks snowball into a huge problem. Enterprises can retain all their critical data and intellectual properties within their premises and ensure their safety from network-based, protocol-based, and application-based DDoS attacks.

To ensure each node of organizations’ infrastructure is protected, the DDoS protection and mitigation market is classified into application areas that include network, application, database, and endpoint. The application segment is expected to grow at the highest CAGR and hold the largest market share during the forecast period. Cybercriminals are using innovative hacking tools to attack organizations’ network infrastructure and block all the legitimate traffic. DDoS attacks disrupt the functioning of enterprises and can cause losses amounting to millions. The extensive adoption of DDoS protection solutions and services among enterprises across various verticals, such as retail, Banking, Financial Services, and Insurance (BFSI), government and defense, healthcare, manufacturing, and retail, can be dedicated to the increasing awareness of mitigating devastating volumetric attacks.

North America is estimated to hold the largest market size in 2018. This can be attributed to the concentrated presence of DDoS protection and mitigation solution providers who offer such solutions to various industry verticals in the region. Furthermore, a rapid economic growth in the developing countries and the improving regulatory reforms and economic stability are driving the DDoS protection and mitigation market growth in Asia Pacific (APAC). In Latin America, the industry verticals such as energy and utilities, government and defense, BFSI, manufacturing, healthcare, and retail are expected to increase their investments and adopt DDoS protection and mitigation solutions and services.

Budgetary constraints and the lack of awareness of DDoS protection and mitigation solutions and services across industry verticals are major restraints for the growth of the DDoS protection and mitigation market. The Research and Development (R&D) expenses to develop advanced DDoS protection solutions are very high. This rise in R&D expenses leads to the high pricing of DDoS protection and mitigation solutions and services.

Technological proliferation and the evolution of the physical threat landscape is expected to provide significant growth opportunities to  DDoS protection and  mitigation solution and  service vendors. There are  several established players in this market. These players include Arbor Network (US); Akamai Technologies (US); F5 Networks (US); Imperva (US); Radware (Israel); Corero Network Security (US); Neustar (US); Cloudflare (US); Nexusguard (Hong Kong); A10 Networks, (US); Fortinet (US); Huawei Technologies (China); Verisign (US); Zenedge (US), Sucuri (US); SiteLock (US); Flowmon Networks (Czech Republic); StackPath, (US); DOSarrest Internet Security (Canada); Century Link (US) ; NSFOCUS (US); Corsa Technology (Canada); Rackspace (US); Allot (Israel); and Seceon (US).

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