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DDoS Protection and Mitigation Security Market Size
- Report ID: GMI8006
- Published Date: Feb 2024
- Report Format: PDF
DDoS Protection and Mitigation Security Market Size
DDoS Protection and Mitigation Security Market size was valued at USD 4 billion in 2023 and is estimated to register a CAGR of 15% between 2024 and 2032. Regulatory mandates compel organizations to invest in advanced DDoS protection solutions to ensure compliance. Moreover, the critical imperative to fortify against evolving cyber threats propels the market's growth, positioning DDoS protection and mitigation security as vital components in meeting regulatory requirements and safeguarding against malicious activities. For instance, in November 2023, NETSCOUT introduced Adaptive DDoS Protection for Arbor Edge Defense (AED), designed to safeguard ISPs and enterprises against DNS water torture attacks.
The surge in digital transformation initiatives, coupled with collaborative partnerships, is steering the growth of the DDoS protection and mitigation security industry. As organizations undergo extensive digitization, the imperative to safeguard against evolving cyber threats intensifies. Collaborations with strategic partners amplify the efficacy of defense mechanisms, fostering innovation and resilience. This synergy between digital transformation endeavors and strategic alliances positioned the DDoS protection and mitigation security market for sustained expansion and heightened relevance in the cybersecurity landscape.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| DDoS Protection and Mitigation Security Market Size in 2023: | USD 4 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 15% |
| 2032 Value Projection: | USD 13.8 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 300 |
| Segments covered: | Component, Enterprise size, Deployment mode, Application, Industry vertical |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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For instance, in September 2023, Akamai formed a strategic alliance with Corero, a prominent on-premises DDoS solutions specialist, to expand the Prolexic DDoS protection platform. This collaboration merges two cutting-edge technologies, offering customers top-tier, full line-rate performance for rapid on-premises, cloud, and hybrid DDoS defense of their internet-connected assets.
The shortage of skilled cybersecurity professionals capable of understanding and mitigating DDoS attacks contributes to the challenges faced by organizations. There is a need for personnel with expertise in DDoS protection, incident response, and threat intelligence. Furthermore, implementing and maintaining advanced DDoS protection solutions can be costly and complex. Small and medium-sized enterprises (SMEs) may face challenges in allocating resources for comprehensive DDoS protection measures.
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DDoS Protection and Mitigation Security Market Scope
