Distributed Denial of Service (DDoS) Protection Market- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025
A distributed denial-of-service (DDoS) attack involves attacking computer systems, which includes websites, servers, mails, online payments, and data transfer. Websites of Visa, MasterCard, Amazon, and PayPal among others are prominent targets for DDoS attacks. High volume of traffic, connection request, floods of mails, and messages to the target system are responsible for distributed denial of service attacks, which may slow down the system or may even lead to crash down of the system.
In a typical distributed denial of service attack, the process begins with infecting the system with Malware or other potential virus or restricting user authentication by identifying default password of the system. Therefore, in order to prevent distributed denial of service attacks, software is used for detection of potential threads and filtering malicious traffic that is aimed to restrict Internet-based services, and computer devices. For instance, CloudFlare’s advanced DDoS protection, Kona Site Defender and Verisign DDoS Protection Services can be utilized to mitigate all forms of DDoS attacks, especially those which target UDP, ICMP protocols, amplification of DNS, and online threads including DDoS attack in network and application layer, SQL injection, and XSS attacks.
Increasing utilization of mobile devices and rising adoption of Internet are expected to be factors for the overall market growth. For instance, according to Coherent Market Insights’ analysis, as of 2016, over 68% of global population is already using mobile phones. In addition to that, according to Internet World Stats, as of June 30, 2017, total Internet users count was totaled at 3,885,567,619 among global population of 7,519,028,970.
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Furthermore, banking and finance services sector is a potential target for DDoS attacks. Proliferation in online transactions and increasing use of services such as National Electronic Fund Transfer (NEFT), Real-time Gross Settlement Systems (RTGS), Electronic Clearing Service (ECS) as well as mobile transactions, has led to demand for solutions that aid in carrying out these tractions safely and securely. Moreover, increasing number of payment gateways, e-Commerce websites, and mobile application that accept online transactions and store credit card and debit card information are also susceptible to hacking. Hence, this is used for protecting private information of data or cash related to their customers. This confidential data is highly susceptible to DDoS attack. For instance, according to the Reserve Bank of India (RBI), for the year 2015–2016, 16,468 frauds were reported associated with ATM, debit card, credit card, and net banking. In 2014–2015 the number of frauds were 13,083 and 9,500 in the year 2013–14, reported by RBI. Owing to these reasons DDoS protection market is expected to exhibit high growth rate over the forecast period.
However, high initial cost of software and lack of awareness and technical proficiency about the software, are the two major factors expected to restraint growth of the global distributed denial of service protection market over the forecast period.
North America accounted for the largest market share in 2016 in the global distributed denial of service (DDoS) protection market
The global market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for distributed denial of service protection in North America is expected to account for largest share in the global market over the forecast period. This growth is attributed to the presence of key players of this market in this region especially in the U.S. and Canada such as Arbor Networks, Inc. (U.S.), Akamai Technologies, Inc. (U.S.), F5 Networks (U.S.), Imperva, Inc. (U.S.), and DOSarrest Internet Security, Ltd. (Canada).
Moreover, advancement in technologies and increasing use of 2G, 3G, and 4G Long-Term Evolution (LTE) wireless networks have in turn also made these networks increasingly susceptibility to cyber-attacks. These cellular networks enables connectivity and communications to exchange real-time information, data, and online transactions among others, which is prominent target for cyber-attacks. For the security and flexibility of these online communication DDoS security solution plays a major role. According to Coherent Market Insights’ analysis, in 2016, over 88% of the U.S. population had access to the Internet, which is around 280 million of the U.S. population.
Key Market Players in the Global Distributed Denial of Service (DDoS) Protection Market:
Major players operating in the global distributed denial of service (DDoS) protection market are Arbor Networks, Inc., Akamai Technologies, Inc., F5 Networks, Inc., Imperva incapsula, Radware Ltd., Corero Network Security, Inc., Neustar, Inc., Cloudflare, Inc., Nexusguard Ltd., and DOSarrest Internet Security Ltd.
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