LONDON, Oct. 17, 2022 (GLOBE NEWSWIRE) -- According to The Business Research Company's research report on the DDoS protection and mitigation market, increasing cyberattacks on websites are expected to propel the growth of the DDoS protection and mitigation market going forward. Cyberattacks are deliberate and malicious attempts by individuals or organizations that breach the information system of another individual to disrupt the network. DDoS protection and mitigation helps protect a server or network that is targeted by a DDoS (distributed denial-of-service) attack, as a result, increasing cyber-attacks increase the demand for DDoS protection and mitigation. For instance, in February 2022, according to an article published by Fortune, a US-based business magazine, there has been a 105% surge in ransomware cyberattacks 2021. Therefore, the increasing cyberattacks are driving the DDoS protection and mitigation market growth.
Request for a sample of the global DDoS protection and mitigation market report
The global DDoS protection and mitigation market size is expected to grow from $3.21 billion in 2021 to $3.73 billion in 2022 at a compound annual growth rate (CAGR) of 16.3%. The global Ddos protection and mitigation market size is expected to grow to $6.81 billion in 2026 at a compound annual growth rate (CAGR) of 16.2%.
Technological advancements are a key trend in the DDoS protection and mitigation market. Major companies operating in the DDoS protection and mitigation market are focused on developing new technological solutions to strengthen their position. For instance, in 2021, Mazebolt Technology, Israel-based DDoS protection and mitigation, and cybersecurity company launched its new product which is the world's first DDoS risk assessment product named the MazeBolt Radar. Radar is a patented technology that provides DDoS protection through DDoS simulations on live production without any downtime. This technology maintains DDoS mitigation without any disruptions and downtime.
Major players in the ddos protection and mitigation market are Netscout Systems Inc, Akamai Technologies Inc, Radware Inc, Fortinet, Link11, Imperva, Cloudflare Inc, Corero Network Security Inc., A10 Networks, Neustar Inc., DOSarrest Internet Security, Flowmon Networks, Allot, Sucuri, NSFOCUS, and Lumens Technologies Inc (Centurylink).
The global DDoS protection and mitigation market is segmented by component into hardware solution, software solution, services; by deployment into on-premise, cloud; by organization size into small and medium enterprises, large enterprises; by application into network security, endpoint security, application security, database security; by end-user into IT and telecom, government, education, other end-users.
North America was the largest region in the DDoS protection and mitigation market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global DDoS protection and mitigation market report during the forecast period. The regions covered in global DDoS protection and mitigation market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
DDoS Protection And Mitigation Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provide DDoS protection and mitigation market forecast size and growth, DDoS protection and mitigation market segments and geographies, DDoS protection and mitigation market trends, DDoS protection and mitigation market drivers and restraints, DDoS protection and mitigation market leading competitors' revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors' approaches.
Not the market you are looking for? Check out some similar market intelligence reports:
Fraud Detection And Prevention Global Market Report 2022 – By Fraud Type (Check Fraud, Identity Fraud, Internet /Online Fraud, Investment Fraud, Payment Frauds, Insurance Fraud), By Deployment Mode (Cloud, On-Premises), By Solution (Fraud Analytics, Authentication, Reporting, Visualisation), By Application (Insurance Claims, Money Laundering, Electronic Payment), By End User (Small And Medium Enterprises (SMEs), Large Enterprises) – Market Size, Trends, And Global Forecast 2022-2026
Cybersecurity Global Market Report 2022 – By Solution (Network Security, Cloud Application Security, End-Point Security, Secure Web Gateway, Internet Security), By Enterprise Size (Small & Medium Enterprise, Large Enterprise), By Deployment Type (Cloud, On Premises), By End-Use (BFSI, IT & Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel And Transportation, Energy And Utilities) – Market Size, Trends, And Global Forecast 2022-2026
Interested to know more about The Business Research Company?
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
The World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
The Business Research Company Europe: +44 207 1930 708 Asia: +91 8897263534 Americas: +1 315 623 0293 Email: info@tbrc.info LinkedIn: https://bit.ly/3b7850r Twitter: https://bit.ly/3b1rmjS Facebook: https://www.facebook.com/TheBusinessResearchCompany YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ Blog: http://blog.tbrc.info/
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
