Global Distributed Denial of Service (DDoS) Protection Market Size (2024 - 2029)

Distributed Denial of Service (DDoS) Protection Market Analysis

The Global Distributed Denial of Service Protection Market size is estimated at USD 4.15 billion in 2024, and is expected to reach USD 8.01 billion by 2029, growing at a CAGR of 14.04% during the forecast period (2024-2029).

With the emergence of the COVID-19 pandemic, working environments have shifted almost entirely to the web. People worldwide have increasingly started working, studying, and shopping online as compared to before. This has also been reflected in the goals of recent DDoS attacks, with the most targeted resources being the websites of medical organizations, delivery services, and gaming and educational platforms.

• An alarming increase in the number of network attacks is anticipated to be a significant driver for the adoption of DDoS protection solutions. The threat of these attacks is driven by ready access to easy-to-use tools and a more comprehensive criminal understanding of its potential for profit through extortion. These attacks directly target business systems and individuals, which could lead to enormous financial and personal losses.
• The requirement for DDoS protection for enterprises has gained tremendous significance, as failure to deal with the attacks can affect revenue, productivity, reputation, and user loyalty. According to Cloudflare, the financial burden of a DDoS attack is significant, as falling victim to a DDoS attack can cost an organization around USD 100,000 for every hour the attack lasts, further fuelling the demand for DDoS protection solutions.
• Additionally, as per Cloudflare, DDoS attacks are surging in frequency and sophistication. After doubling from Q1 to Q2, the total number of network layer attacks witnessed in Q3 doubled again, resulting in a 4x increase compared to the pre-COVID-19 levels in the first quarter. The company also witnessed more attack vectors deployed than ever. While SYN, RST, and UDP floods continue to dominate the landscape, the company saw an explosion in protocol-specific attacks such as mDNS, Memcached, and Jenkins DoS attacks.
• As per Cisco, the number of DDoS attacks exceeding 1 gigabit per second of traffic is expected to rise to 3.1 million by the mid-forecast period, i.e., by 2021, which is a 2.5-fold increase from 2016. In recent years, these attacks have increased in frequency and severity.
• Moreover, the United States observed the highest number of L3/4 DDoS attacks under the country-based distribution, followed by Germany and Australia. The top countries affected by region include North America (United States, Canada), Europe (Germany, Russia, among others), the Middle East (UAE, Kuwait), Asia-Pacific, and Oceania (Australia, Thailand, Japan).
• The telecom industry was at the top when DDoS attacks most targeted it during the first quarter of 2021. According to Cloudflare, application-layer attacks are on the rise, and those that aim to disrupt the HTTP server's ability to process requests are reasons for significant concern. Also, ransom DDoS attacks continued to be a significant challenge during the first quarter of 2021.

Distributed Denial of Service (DDoS) Protection Industry Segmentation

DDoS prevention refers to the process of protecting a targeted server or network from a distributed denial-of-service (DDoS) attack. A targeted victim can mitigate the incoming threat using specially designed network equipment or a cloud-based protection service.

Distributed Denial of Service (DDoS) Protection Market is segmented by component (solution and service), deployment type (cloud, on-premise, and hybrid), size of enterprise (small and medium enterprises and large enterprises), end-user industry (government and defense, it and telecommunication, healthcare, retail, BFSI, and media and entertainment), and geography (North America, Europe, Asia-Pacific, Rest of the World). The report offers market forecasts and size in value (USD) for all the above segments.