Rising Demand for DDoS Protection Software Market By 2020-2028

Distributed Denial of Service (DDoS) attack is a malicious form
of attack that disrupts the regular network traffic by overwhelming
the website with more traffic than the server can handle. The main
aim of this kind of cyberattack is to render the website
inoperable.

Over recent years, these kinds of attacks are increasing,
fueling the demand for the best DDoS protection^[1]
software solutions. Many unplanned data center outages are owing to
DDoS attacks. The threat of DDoS is due to access to easy-to-use
tools and the profit potential through extortion.

The attacks target businesses directly, leading to substantial
financial and personal losses, making it critical to have robust
DDoS protection software solutions in place.

According to the report of Market Research Inc^[2], the DDoS protection
Software Market is predicted to reach +14% CAGR by 2020 – 2028.

Important Statistics to illustrate the growing demand
for DDoS Software Solutions

Demand for the DDoS software market is on the rise due to the
exponential increase in multi-vector DDoS attacks and the ease with
which DDoS-for-hire services are available
today.

These statistics^[3]
show continuous growth in the deadly DDoS attacks and the impending
requirement to have a robust DDoS protection pool.

• There has been a perceptible rise in DDoS attacks between 2014
  and 2017, up 2.5 times.
• By 2020, the total number of DDoS attacks reached 17 million,
  with the cost of one such attack between $20,000-$40,000 per
  hour.
• The average size of such an attack was a whopping 26.37 GBps in
  Q2 2018 that increased by a mind-blowing 967% to reach 100 Gbps in
  Q1 2019.
• The largest attack so far was GitHub in February 2018 with
  1.3TBps.
• China was the top offender in DDoS attacks in Q3 2020,
  accounting for 70.20% of all attacks.
• In Q3 2020, China was the leading targeted country, with 72.83%
  of attacks.
• DDoS activity increased by 542% between Q4 2019 and Q1
  2020
• The global DDoS protection and mitigation market size is
  anticipated to increase at a CAGR 0f 14%^[4], from USD 2.4 billion in
  2019 to USD 6 billion by 2028

Factors Driving the Growth of DDoS Protection and
Mitigation Market

The incidents of cyberattacks have increased in recent times,
mainly due to the shift towards digitization, an increase in the
number of connected devices, and the rise in the computational
power of processors. There is a critical need to develop software
solutions to mitigate these threats.

The main factors that would drive the growth of the DDoS protection and mitigation^[5] market between 2020
-2028 include the rise in the penetration of the Internet of Things
(IoT) and connected devices and the demand from small and medium
enterprises.

Organizations realize the impact of these attacks and want to
have a disaster recovery plan in place beforehand.

How DDoS Protection Works

Many enterprises are faced with the question – How to protect my
website from DDoS attacks? Today, there are many vendors offering
software solutions that guard websites against these attacks.

It uses algorithms and advanced software to manage incoming
traffic to the website. It denies access to illegitimate traffic
and lets the legitimate one filter through.

DDoS Prevention Solution

The DDoS protection program includes buying and managing the
equipment that can sift out the receiving traffic and resist the
attack. These are cloud-based security services and network devices
that moderate the incoming threat.

Between 2020-2028, hardware solutions and services are expected
to grow to ascertain network connectivity and reduce downtime in
case of equipment or power failures.

DDoS Deployment Modes

DDoS protection and mitigation market are divided into the
cloud, on-premises, and hybrid when it comes to deployment. The
hybrid model is expected to grow maximum in the forecast period. It
allows organizations to keep their essential data within their
premises and shift the non-critical one to the cloud.

In recent times, many DDoS attacks were undetected by
on-premises and cloud-based solutions. Organizations could not
detect and thwart them; hence, they are shifting towards a hybrid
deployment model.

Key players offering DDoS Detection and Mitigation
Solutions

With the increase in DDoS attacks, there has been an increasing
number of players offering software solutions to detect and
mitigate the attacks.

The top players in the market are:

Largest Market Share in The DDoS Protection and
Mitigation Market

According to the Market Research Inc report, North America would
have the biggest, largest market share in the DDoS protection and
mitigation market in the forecast period. The main drivers for
having a huge market size are that it was one of the early adopters
of the DDoS protection and mitigation solution and has no solution
providers in this field. Many businesses in North America are
implementing DDoS protection and mitigation solutions to thwart
these threats in the bud.

Asia Pacific (APAC) will also see a rise in its market growth
due to fast economic growth and stability in developing countries,
and better regulatory reforms.

In recent times the DDoS attacks are becoming more and more
sophisticated, with the threat and impact of network DDoS attacks
changing over time. Though the volumetric attacks are quite the
same, the application-specific attacks and targeted, high-intensity
ones increase in number.

DDoS protection software solutions aim to eradicate the downtime
of these attacks and enhance website availability to keep
businesses productive and efficient. On-premises, cloud, and hybrid
software solutions for small, medium, and large enterprises is the
way forward.