DDoS protection and Mitigation Market worth 4.10 Billion USD by 2023Security Management ConsultantsUpdated on Sep 4, 2018 View more like this | Visit India, UN | Contact MarketsandMarkets Research Pvt Ltd |
The report "DDoS Protection and Mitigation Market by Component (Hardware Solutions, Software Solutions, and Services), Application Area (Network, Application, Database, and Endpoint), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2023", The DDoS protection and mitigation market size is expected to grow from USD 1.94 Billion in 2018 to USD 4.10 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period. The DDoS protection and mitigation market is gaining traction, due to the rise in volumetric DDoS attacks that cause traffic congestion by flooding networks with numerous illegitimate network packets.
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The high demand for cloud-based and hybrid DDoS protection and mitigation solutions among enterprises is expected to drive the DDoS protection and mitigation market over the next 5 years.
The services segment is expected to play a key role in the DDoS protection and mitigation market.
The services segment is expected to play a vital role in changing the DDoS protection and mitigation market landscape and grow at the highest CAGR during the forecast period. Services offered by DDoS protection and mitigation vendors are classified into professional and managed services. The rise in the demand for DDoS services is due to the need to protect websites, networks, and critical infrastructure devices, as well as, to reduce the downtime and business risks. Cyberattacks on websites are increasing at an alarming rate and have compelled organizations to adopt robust security services for addressing risks in the continuously evolving threat landscape. Services offered by DDoS protection and mitigation vendors help safeguard websites, networks, and layer 3 and layer 7 threats.
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownload.asp?id=111952874
The high demand for cloud-based and hybrid DDoS protection and mitigation solutions among enterprises is expected to drive the DDoS protection and mitigation market over the next 5 years.
The services segment is expected to play a key role in the DDoS protection and mitigation market.
The services segment is expected to play a vital role in changing the DDoS protection and mitigation market landscape and grow at the highest CAGR during the forecast period. Services offered by DDoS protection and mitigation vendors are classified into professional and managed services. The rise in the demand for DDoS services is due to the need to protect websites, networks, and critical infrastructure devices, as well as, to reduce the downtime and business risks. Cyberattacks on websites are increasing at an alarming rate and have compelled organizations to adopt robust security services for addressing risks in the continuously evolving threat landscape. Services offered by DDoS protection and mitigation vendors help safeguard websites, networks, and layer 3 and layer 7 threats.
