The global DDoS protection and mitigation security market size are expected to reach USD 10.33 billion by 2030, according to a new study by Polaris Market Research. The report “DDoS Protection and Mitigation Security Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware Solution, Software solutions, Services); By Application Area; By Deployment Mode (On-premise, Cloud and hybrid); By Vertical; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rising collaboration and partnerships among major players for delivering protection services across the various verticals are boosting the industry growth during the forecast period. For instance, in August 2021, Radware, a leading supplier of computer safety and enterprise application systems, and INAP, a Radware premier provider, secure hybrid network infrastructure, have expanded their cooperation.
INAP intends to deploy Radware's Cloud WAF to enterprises worldwide in collaboration. Radware's Cloud WAF and DDoS safety Services will complement the INAP's current good array of safety products. The merged product is intended to serve a variety of industries, such as ad tech, medical, healthcare technology, media and gaming, SaaS, ISF, and others.
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Based on the vertical, the BFSI segment accounted for the leading share in the industry in 2021. Due to the enormous client base that the industry serves and the banking details at risk, the BFSI industry is among the main infrastructure segments that experience multiple data breaches and cyber-attacks. As a very profitable operating model with spectacular returns and the added benefit of lower risk and detection range, cybercriminals are optimizing a slew of horrible cyberattacks to disrupt the financial system.
Market players such as Arbor Networks, Inc, Akamai Technologies, Inc., Cloudflare, Inc., Radware Ltd, Dosarrest Internet Security Ltd, Corero Network Security Inc., F5 Networks Inc., Neustar, Inc., Nexusguard, Ltd., Imperva, Inc., and Verisign Inc. are some key players operating in the global industry.
Several manufacturers often opt for varied marketing strategies to expand their business operations globally. In December 2021, Radware disclosed that CHT Security chose Radware's DefensePro Mitigation to protect gaming producer NCSoft Taiwan against large attacks during a viral game launch. CHT Security is Taiwan's first managed service supplier and a division of Chunghwa Telecom. The largest worldwide gaming firm minimized attacks and launched its new game without incident, owing to Radware's data center defense and CHT Security's extensive technical services.
Polaris Market research has segmented the DDoS protection and mitigation security market report based on component, application, deployment mode, vertical, and region:
DDoS Protection and Mitigation Security, Component Outlook (Revenue - USD Billion, 2018 - 2030)
DDoS Protection and Mitigation Security, Application Outlook (Revenue - USD Billion, 2018 - 2030)
DDoS Protection and Mitigation Security, Deployment Mode Outlook (Revenue - USD Billion, 2018 - 2030)
DDoS Protection and Mitigation Security, Vertical Outlook (Revenue - USD Billion, 2018 - 2030)
DDoS Protection and Mitigation Security, Regional Outlook (Revenue - USD Billion, 2018 - 2030)