The DDoS protection market revenue totaled USD 1,567.8 Million in 2022. The DDoS protection market is expected to reach USD 8,010.6 Million by 2033, growing at a CAGR of 16.1% for 2023 to 2033.
| Report Attributes | Details |
|---|---|
| Distributed Denial-of-Service Protection Market Estimated Value (2023) | USD 1,795.1 Million |
| Distributed Denial-of-Service Protection Market Projected Year (2033) Value | USD 8,010.6 Million |
| CAGR% (2023 to 2033) | 16.1% |
| Top 5 Vendor Market Share | Around 45% |
Distributed Denial-of-Service (DDoS) protection market currently represents about 10% of sales of total network security market. With the advent of novel technologies, cyber attackers have access to more sophisticated attacking tools to launch voluminous DDoS attacks.
These sophisticated DDoS attacks hamper the exchange of information across network and transport layers, thereby disrupting data privacy and network infrastructure functioning.
Massive-scale volumetric attack types, such as NTP amplification, DNS amplification, UDP flood, and TCP flood, consume the entire bandwidth of networks and resources.
Therefore, DDoS protection solution providers are continually introducing new technologies, such as virtual learning and behavioral analytics to ensure threat prediction and mitigate DDoS attacks with zero latency.
| Market Statistics | Details |
|---|---|
| Jan - Jun (H1), 2021 (A) | 15.3% |
| Jul - Dec (H2), 2021 (A) | 15.5% |
| Jan - Jun (H1),2022 Projected (P) | 15.7% |
| Jan - Jun (H1),2022 Outlook (O) | 15.8% |
| Jul - Dec (H2), 2022 Outlook (O) | 16.2% |
| Jul - Dec (H2), 2022 Projected (P) | 15.8% |
| Jan - Jun (H1), 2023 Projected (P) | 9.7% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+)40 |
| BPS Change : H1,2021 (O) - H1,2021 (A) | (+)70 |
| BPS Change: H2, 2022 (O) - H2, 2022 (P) | (+)20 |
| BPS Change: H2, 2021 (O) - H2, 2022 (A) | (+)50 |
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The DDoS protection demand is estimated to grow by 15.3% CAGR between 2023 and 2033 in comparison to 12.3% CAGR during 2018 to 2022 as the adoption of traditional firewall was more in the historic period.
Although traditional cloud-based DDoS protection solutions, including those provided by ISPs or CDNs, are designed to stop large volumetric DDoS attacks, they struggle to eliminate other types of DDoS attacks designed to evade their efforts.
In earlier days, cloud-based DDoS protection solutions were able only to protect entire IP ranges. It was difficult to extend this protection to specific cloud environments and assets, down to the level of individual IP addresses.
Now, with advanced DDoS protection solutions that offer protection for individual IPs, allows the users to register a public IP or domain name, add the DDoS service to their DNS configuration, and enable immediate protection of that specific IP.
Thus, the evolving nature of DDoS attacking technologies is compelling DDoS protection solution providers to have a proactive defense system in place for network and application level security.
Cloud-based DDoS protection solution segment in global DDoS protection market is estimated to have the leading market share of 55.0% in 2022. Owing to high adoption of network security solutions among enterprises, North America region is currently dominating the global market.
The internet of things ecosystem is made up of multiple servers, gateways, devices, and other endpoints. As the corporate environment changes, so do the security requirements. Furthermore, as IoT gains popularity in a variety of industries such as healthcare, connected cars, and smart manufacturing, the breadth of its applications expands. The network in use becomes more complicated and the number of devices in the linked ecosystem multiplies.
As IoT devices become more prevalent in our lives, so will the possibility of unforeseen botnets infiltration, wreaking unexpected havoc. IoT devices are being widely used in a variety of applications including smart city projects, vehicular connection, and autonomous cars, smart transportation, smart grids, and smart homes.
The number of IoT devices is rapidly expanding and numerous business verticals are creating new technical use cases based on IoT devices. They are vulnerable to high-intensity distributed denial of service (DDoS) assaults.
As a result, strong DDoS security solutions are necessary to defend the entire infrastructure from DDoS assaults caused in IoT devices. Satori, WireX, and Reaper are three more prominent botnets. With the growing threat environment of IoT devices, the DDoS protection market is expected to rise rapidly throughout the projected period.
Principal Consultant
Deep neural networks (DNNs), which generally mimic the operations of their biological counterparts, consume enormous volumes of data and identify meaningful patterns, which they then convert into complicated mathematical representations. This model may be used to categorize new incoming data or to anticipate the next item in a series.
A well-trained deep learning model will be able to collect complicated features of safe and malicious traffic that would otherwise go unnoticed by a human analyst by evaluating massive amounts of data. As with other deep learning applications, establishing a viable DDoS detection model is heavily reliant on adding up a sufficient amount of high-quality training data.
The neural network was trained on a large dataset of both normal and malicious table entries before being tested against five different types of DDoS attacks, including various traffic flooding attacks and slow-connection HTTP attacks, in which attackers try to bog down a server by sending it extremely long requests. These factors are estimated to significantly contribute towards the growth of DDoS protection market in the near future.
High Number of DDoS Nodes in India Makes it a Highly Lucrative Market
The DDoS Protection demand in India is expected to account for nearly 44% of South Asia & Pacific market share through 2022. India is among the top countries with most DDoS botted nodes only after China and Mirai is a malware or top Botnet that infects smart and networked devices.
In India, the cyber-attacks were made on several industrial sectors such as wired/ wireless telecom carriers, investment banking, hosting & related services, e-commerce, and data processing, among others. As per the findings by the American-Israeli cyber security firm Radware, the frequency of DDoS attacks in India saw a steady increase from January until June in 2021, followed by a drop in July. But the attacks were up again in August, which saw record packet volume.
Thus, organizations in India have to continue updating their DDoS protection plan that consists of organic mitigation capacity along with opting to partner skilled commercial DDoS mitigation service providers.
4X Growth on Card for United Kingdom DDoS Protection Market
Europe is predicted to remain one of the most prominent markets during the forecast period. According to the study, United Kingdom is estimated to grow by 4.0X during the forecast period.
The DDoS attack landscape in Europe is constant flux. The significant drivers of the DDoS protection market in the United Kingdom are mounting requirement for cloud-based and hybrid DDoS protection solutions.
The United Kingdom market is likely to showcase growth aspects for the untapped opportunities and growing awareness among the users in the country. The growing DDoS threat on a cryptocurrency exchange is creating growth prospects which will amplify the growth of DDoS protection market in the forecast period.
Higher Incidence of Cyber-Attacks Catapulting South Korea to Market’s Fore
The sales revenue in South Korea is estimated to grow at an impressive rate of around 14.6% CAGR between 2022 and 2032. South Korea is one of the most digitally connected countries in the world.
Like other digital societies, it is vulnerable to cyber-attacks. Cyber-attacks suspected of originating from neighboring nations in particular, have become increasingly sophisticated.
In response, over the last three decades, South Korea has developed better and more comprehensive cybersecurity policies focused at ensuring the capability to respond, recover, and prepare in both the private and public sectors.
Though the trend of DDoS attacks whereby hackers exploited IoT devices to launch massive attacks has risen globally, South Korea mainly experienced small volume attacks over the years, which is expected to witness strong growth avenues over the coming years in the country.
DDoS protection have been distinguished across all key regions, though the industry is yet to witness widespread penetration. A study of product availability on existing retail channels in 22 countries and relative emplacement on PLC (Product Life Cycle) leaves regional clusters at different curve. Strategy and business operation level trends have been identified varying with respect to these regional clusters and relative PLC position.
Owing to high demand for cloud-based & hybrid DDoS protection solutions in these regions and rise in multi-vector DDoS attacks, North America and Europe market is relatively mature for DDoS protection. Due to increasing investments in R&D to develop optimal firewall & protection against DDoS attacks, the DDoS protection market is at growth-maturity phase in South Asia & Pacific region. Target customer base has also been different in countries where DDoS protection market is at growth phase, in comparison to the countries are maturity phase.
| Countries | BPS Change (H2'22 (O) - H2'22 (P)) |
|---|---|
| South Korea | (+)42 |
| India | (+)44 |
| United Kingdom | (+)38 |
| Brazil | (+)36 |
| GCC Countries | (+)34 |
The H2’22(O)-H2’22(P) BPS change in India was of (+)44 units due to the growing number of IoT devices are creating new attack surfaces for DDoS attacks, which is driving the demand for DDoS protection solutions that can secure IoT networks. Where as in South Korea due to the collaboration between many DDoS protection vendors to integrate AI and ML technologies to improve the accuracy of threat detection & mitigation the deviation was around (+)42 units.
Due to the increasing adoption of 5G technology, the demand for DDoS protection solutions was analyzed to accelerate in United Kingdom a BPS change of (+)38 units for the DDoS protection market. Brazil encountered a BPS change of (+)36 units for the DDoS protection market due to the increasing number of DDoS attacks and the need for secure online services.
GCC countries witnessed a BPS of (+)34 BPS units for the DDoS protection market attributed to the rising trends towards the adoption of smart technologies in these countries over the past year.
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Demand for Supporting DDoS Protection Services across Organizations to Grow
The DDoS protection services segment is expected to showcase high growth rate in the coming years, following the software segment. The services segment is predicted to grow by absolute opportunity of USD 1,115.5 Million by the end of 2033. The demand for supporting services is also expected to increase among organizations, as adoption of DDoS software across organizations is rising exponentially.
Professional service providers offer ways to overcome the problems faced by most of the businesses that lack the technical expertise to manage their network infrastructure and application-layer attacks. The services offered by DDoS protection vendors help safeguard networks, websites, and various data related threats. DDoS services help reduce the downtime and business risks as well as protect websites, networks, and critical infrastructure devices. These factors are estimated to propel the demand for services segment over the forecast period.
Cloud-based Deployment of DDoS Protection Software to Soa
The cloud-based segment accounted for around 54% market share in the global DDoS protection market in 2022. In addition, the segment is likely to grow by 4.5X between 2023 & 2033. The rising application of technologies such as AI, ML, IoT, and others is forcing the industries to adopt cloud-based solutions.
The cloud-based software helps organizations to scale up quickly with the help of real-time configuration. Due to these reasons, the adoption of cloud security deployments is set to set a highest growth during the forecast period.
High Demand from SMEs to Continue Supporting Growth
The small and medium-sized enterprises (SMEs) segment is expected to grow by 4.6% during forecast period. Along with this, the segment is expected to showcase a strong CAGR growth over the upcoming years owing to rapid digitization. Small and Medium-sized Enterprises (SMEs) are keeping more share of the budget to deal with data security. Moreover, rising awareness about security and rising DDoS attacks is encouraging SMEs to integrate DDoS protection platforms at a rapid pace.
In addition, with the help of government initiatives & funds, startups are heavily investing in combating critical cyber-attacks in order to reduce financial losses and improve data security.
BFSI Industry to Emerge Dominant End User
BFSI industry dominated the DDoS protection market with a highest share of around 25% in 2022, owing to increasing data breaches and cyber-attacks and rising adoption of cloud-based protection services to defend against such sophisticated cyber-attacks. Digital banking solutions are vulnerable to new age cyber-attacks which can cause not only monetary losses but compromise data privacy while putting the economy into danger.
Being a highly lucrative operation model that has phenomenal returns along with the added upside of relatively low risk and detectability, cybercriminals are optimizing a surplus of diabolical cyberattacks to immobilize the financial sector.
Thus, increasing demand for protecting the customer’s financial information from cyber risks such as data leakage, credential theft in BFSI sector has accelerated the growth of the market.
DDoS protection market players are focusing on various strategies for increasing their investments in research and development to support future technologies. In addition, several companies are acquiring and entering into partnership with other companies to develop their own DDoS Protection to serve the customers and reduce the churn rate.
| Attribute | Details |
|---|---|
| Market value in 2022 | USD 1,567.8 Million |
| Market CAGR 2022 to 2032 | 16.1% |
| Share of top 5 players | Around 45% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, North Africa and South Africa |
| Key Segments Covered | Solution, Deployment, Enterprise Size, Industry and Region |
| Key Companies Profiled | Netscout; Akamai Technology; Radware; Cloudflare; Huawei Technology; F5 Networks Inc.; Corero Network Security Inc.; Dosarrest Internet Security Ltd.; Imperva Incapsula; A10 Networks, Inc; Nexusguard Limited; DOSarrest Internet Security LTD; Genie Networks; Verisign Inc.; Continent 8 Technologies PLC |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The primary consumer for DDoS protection is the IT and telecom industry.
Some of the key DDoS protection market players are Cloudflare, Akamai Technologies, and F5 Networks.
The market is estimated to secure a valuation of USD 1,795.1 in 2023.
The market is estimated to reach USD 8,010.6 by 2033.
The financial services sector holds high revenue potential in the DDoS protection market.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Pricing Analysis 5. Global Market Demand (in Value in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Market Background 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 7.1. DDoS Hardware/Appliance 7.2. DDoS Software 7.3. Security Services 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment 8.1. Cloud-based 8.2. On-premises 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Enterprise Size 9.1. Large Enterprises 9.2. Small and Medium-sized Enterprises (SMEs) 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry 10.1. IT & Telecom 10.2. BFSI 10.3. Healthcare 10.4. Manufacturing 10.5. Retail 10.6. Government 10.7. Others 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. East Asia 11.5. South Asia & Pacific 11.6. Middle East & Africa 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Country wise- Market 19. Market Structure Analysis 20. Competition Analysis 20.1. Netscount 20.2. Akamai Technology 20.3. Radware 20.4. Cloudflare 20.5. Huawei Technology 20.6. F5 Networks Inc. 20.7. Corero Network Security Inc. 20.8. Dosarrest Internet Security Ltd. 20.9. Imperva Incapsula 20.10. A10 Networks, Inc 20.11. Nexusguard Limited 20.12. DOSarrest Internet Security LTD 20.13. Genie Networks 20.14. Verisign Inc. 20.15. Continent 8 Technologies PLC 21. Assumptions and Acronyms Used 22. Research Methodology
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DDoS Protection Market
