DDoS (Distributed Denial of Service) is a malicious form of attack that disrupts normal network traffic by flooding the server with more traffic than it can manage. The main target of a cyberattack like this is to make the website unavailable.
These types of attacks have become more common in recent years, driving up demand for the best DDoS security tools. DDoS attacks are to blame for many unplanned data centre outages. DDoS is a concern because of easy-to-use software and the opportunity for profit by extortion.
The attacks directly threaten companies, resulting in significant financial and personal damages, necessitating the use of robust DDoS security software solutions.
According to Market Research Inc’s forecast, the DDoS security Software Market is expected to grow at a CAGR of +14 percent between 2020 and 2028.
Statistical proof of the rising demand for DDoS Software Solutions
Due to the exponential increase in multi-vector DDoS attacks and the ease with which DDoS-for-hire services are available today, demand for DDoS tools is on the rise.
These figures indicate that deadly DDoS attacks are on the rise, necessitating the development of a robust DDoS security pool.
- Between 2014 and 2017, there was a noticeable 2.5-fold increase in DDoS attacks.
By 2020, there would have been 17 million DDoS attacks, with each attack costing between $20,000 and $40,000 per hour.
- In Q2 2018, the average size of such an attack was a staggering 26.37 GBps, which rose by 967 percent to 100 Gbps in Q1 2019.
- GitHub was the biggest attack to date, with 1.3TBps in February 2018.
In Q3 2020, China was the most common perpetrator of DDoS attacks, accounting for 70.20 percent of all attacks.
- China was the most attacked nation in Q3 2020, accounting for 72.83 percent of all attacks.
- Between Q4 2019 and Q1 2020, DDoS operation increased by 542 percent.
- From USD 2.4 billion in 2019 to USD 6 billion by 2028, the global DDoS security and mitigation market is expected to develop at a CAGR of 14%.
Factors Driving the Growth of DDoS Protection and Mitigation Market
Cyberattacks have become more popular in recent years, owing to a shift toward digitization, an increase in the number of connected devices, and an increase in processor computing capacity. The development of software solutions to counteract these threats is crucial.
The increase in the penetration of the Internet of Things (IoT) and connected devices, as well as demand from small and medium businesses, are the key factors driving the DDoS security and mitigation market between 2020 and 2028.
Organizations are aware of the severity of these attacks and want to prepare a disaster response plan ahead of time.
How DDoS Protection Works
Many businesses are asking themselves, “How can I defend my website from DDoS attacks?” Many vendors now sell technical solutions to protect websites from these types of attacks.
It manages incoming traffic to the website with algorithms and advanced tools. It blocks illegitimate traffic while allowing legitimate traffic to pass.
DDoS Prevention Solution
The DDoS security programme entails purchasing and maintaining equipment that can sift through incoming traffic and fend off attacks. The incoming threat is moderated by cloud-based security services and network devices.
Hardware technologies and services are projected to expand between 2020 and 2028 to ensure network connectivity and reduce downtime in the event of equipment or power failures.
DDoS Deployment Modes
When it comes to implementation, the DDoS security and mitigation market is divided into three categories: cloud, on-premises, and hybrid. During the forecast era, the hybrid model is expected to expand the most. It enables businesses to retain their sensitive data on-premises while moving non-critical data to the cloud.
Many DDoS attacks have gone undetected by on-premises and cloud-based solutions in recent years. Since organisations were unable to track and thwart them, they have shifted to a hybrid deployment model.
Key players offering DDoS Detection and Mitigation Solutions
With the rise in DDoS attacks, a growing number of players have emerged to provide software solutions to detect and mitigate the attacks.
The top players in the market are:
- Indusface Managed DDoS Mitigation
- Akamai Technologies
- Huawei Technologies
Largest Market Share in The DDoS Protection and Mitigation Market
North America will have the largest market share in the DDoS security and mitigation market in the forecast period, according to Market Research Inc. The fact that it was one of the early adopters of DDoS security and mitigation solutions and has no solution providers in this sector are the key factors for getting such a wide market size. To thwart these risks, several companies in North America are introducing DDoS security and mitigation strategies.
Due to rapid economic growth and stability in developing countries, as well as better regulatory reforms, Asia Pacific (APAC) would see a rise in business growth.
DDoS attacks have become more advanced in recent years, with the threat and effect of network DDoS attacks changing over time. Though the volumetric attacks remain the same, the number of application-specific and targeted, high-intensity attacks is increasing.
DDoS security software aims to eliminate downtime caused by these attacks and increase website availability, enabling businesses to remain profitable and effective. For small, medium, and large companies, on-premises, cloud, and hybrid computing systems are the way to go.