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DDoS Protection Market by Component (Solution, and Service), Application Area (Network, Application, Database, and Endpoint), Deployment Mode, Organization Size & Region - Global Forecast to 2021 - Research and Markets

[February 15, 2017]

DDoS Protection Market by Component (Solution, and Service), Application Area (Network, Application, Database, and Endpoint), Deployment Mode, Organization Size & Region - Global Forecast to 2021 - Research and Markets

Research and Markets has announced the addition of the "DDoS Protection Market - Global Forecast to 2021" report to their offering.

The Distributed Denial of Service (DDoS) protection and mitigation market size is estimated to grow from USD 824.4 million in 2016 to USD 2,162.9 million by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 21.3%. The DDoS protection and mitigation market is driven by factors, such as, need to mitigate increasing enterprise targeted DDoS attacks, rising penetration of Internet of Things (IoT), and enterprise mobility trends across organizations. However, high cost of deployment and budget constraints of organizations limit the growth of the market.

Organizations are rapidly growing their partnership networks to deploy DDoS protection and mitigation solutions across the globe. Thus, the managed services segment is expected to grow at the highest CAGR during the forecast period. However, the professional services segment is expected to have the largest market size in 2016.

The application layer, also known as ayer 7, segment is estimated to grow at the highest CAGR during the forecast period, due to the rising instances of sophisticated DDoS attacks on the application layer, disrupting operations, thus affecting various business processes. The Banking, Financial Services, and Insurance (BFSI) vertical is estimated to hold the major share of revenue generated in the market, owing to increasing instances of sophisticated DDoS attacks on banking processes. With the adoption of DDoS protection and mitigation solutions , banks and credit unions are detecting DDoS attacks much sooner, thus minimizing the potential damages.

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