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Global Cloud DDoS Mitigation Software Market Size By Deployment Model, By Industry Vertical , By Service Model, By Geographic Scope And Forecast


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Cloud DDoS Mitigation Software Market Size By Deployment Model, By Industry Vertical , By Service Model, By Geographic Scope And Forecast

Cloud DDoS Mitigation Software Market Size And Forecast

Cloud DDoS Mitigation Software Market size was valued at USD 3.85 Billion in 2023 and is projected to reach USD 10.6 Billion by 2030, growing at a CAGR of 23.5% during the forecast period 2024-2030.

Global Cloud DDoS Mitigation Software Market Drivers

The growth and development of the Cloud DDoS Mitigation Software Market is attributed to certain main market drivers. These factors have a big impact on how Cloud DDoS Mitigation Software are demanded and adopted in different sectors. Several of the major market forces are as follows

  • Increasing Frequency and Complexity of DDoS AttacksOnline businesses are seriously threatened by the growing frequency and sophistication of DDoS attacks. Strong DDoS mitigation systems are more important than ever because attackers are always changing their strategies.
  • Growth of E-commerce and Online ServicesMore digital enterprises, e-commerce sites, and online services mean more potential targets for DDoS attacks. Businesses that operate online understand how critical it is to safeguard their digital assets.
  • Cloud Service AdoptionCloud services are being used by organisations more and more to host their applications and infrastructure. Scalable and adaptable security that fits with the dynamic nature of cloud environments is provided by cloud-based DDoS mitigation systems.
  • Need for Always-On AvailabilityCompanies across a range of sectors, such as e-commerce, healthcare, and finance, need their online services to be available at all times. DDoS attack-related outages can cause large financial losses as well as reputational harm.
  • Emergence of IoT DevicesDDoS threats have more possible attack surface as a result of the widespread use of Internet of Things (IoT) devices. Software for cloud DDoS mitigation aids in defence against extensive attacks that take advantage of hacked IoT devices.
  • High-Profile DDoS IncidentsDDoS assaults on well-known organisations that receive media attention highlight the possible dangers and repercussions. These occurrences raise awareness and encourage companies to spend money on effective DDoS security strategies.
  • Cloud-Native Architecture AdoptionDDoS protection solutions that can easily interface with cloud environments are essential for organisations implementing microservices and cloud-native architectures. Software for mitigating DDoS attacks in the cloud adheres to contemporary infrastructure standards.
  • Regulatory Compliance RequirementsCybersecurity measures, such as defence against DDoS assaults, are required by regulatory agencies in a number of businesses. Organisations are compelled by compliance requirements to invest in solutions that support regulatory standards.
  • Hybrid and Multi-Cloud DeploymentsDDoS protection solutions that can offer consistent security across various cloud environments are crucial in light of the trend towards hybrid and multi-cloud deployments. Tools for mitigating DDoS attacks in the cloud provide scalable, centralised security.
  • Shift Left in Security PracticesDDoS protection is taken into account in the “shift left” approach to cybersecurity, where security measures are included earlier in the development lifecycle. It is possible to incorporate cloud DDoS mitigation technologies into DevOps procedures.
  • Collaborative Threat Intelligence SharingIn order to keep ahead of DDoS attack vectors that are always developing, organisations and security communities are sharing threat intelligence more and more. Collaborative threat intelligence is advantageous to cloud DDoS mitigation technologies, increasing their efficacy.
  • Attacks on the Application LayerDDoS attacks that target the application layer, including DNS or HTTP attacks, are on the rise. Software for mitigating DDoS attacks in the cloud offers specialised defence against assaults at the application layer.
  • AI-Driven and Automated MitigationBy combining AI and automation, DDoS mitigation systems become more effective at identifying and thwarting attacks instantly. Automation facilitates quick reaction to changing threats.
  • Globalisation of BusinessMultinational companies that have a large online presence are vulnerable to DDoS attacks from different geographical areas. Distributed protection with worldwide coverage is provided by cloud-based DDoS mitigation solutions.
  • Raising knowledge and EducatingOrganisations are investing in preventative measures as a result of the increased knowledge of cybersecurity concerns, particularly DDoS attacks. The need for mitigation solutions is driven by education regarding the dangers and repercussions of DDoS attacks.

Global Cloud DDoS Mitigation Software Market Restraints

The Cloud DDoS Mitigation Software Market has a lot of room to grow, but there are several industry limitations that could make it harder for it to do so. It’s imperative that industry stakeholders comprehend these difficulties. Among the significant market limitations are

  • Cost ImplicationsSome organisations, especially smaller ones with tighter resources, may find the implementation and maintenance expenses of cloud DDoS mitigation software to be a major barrier.
  • Complexity of IntegrationIt can be difficult to integrate DDoS mitigation technologies into the current IT architecture. It could be difficult for organisations to integrate these solutions into their networks and systems without any problems.
  • Possible False PositivesOccasionally, DDoS mitigation technologies may produce false positives, classifying genuine traffic as malevolent. Mitigation strategies that are too aggressive may cause service interruptions and negatively affect user experience.
  • Effect on Network PerformanceNetwork performance may be impacted by extensive DDoS mitigation procedures. Companies must carefully weigh the demand for optimal service delivery against the need for protection.
  • Evolution of DDoS Attack strategiesMitigation technologies are challenged by the dynamic nature of DDoS attack strategies. Attackers could modify their tactics, therefore mitigation solutions must stay up to date with new dangers.
  • worldwide and Regulatory ChallengesIt can be difficult to ensure compliance across worldwide operations and to adhere to a variety of regulatory standards. Regulations pertaining to cybersecurity and data protection may differ between locations.
  • Restricted Bandwidth and ResourcesDuring widespread DDoS assaults, organisations may experience restrictions on the amount of bandwidth and resources that are accessible. Effective mitigation strategies must function within these limitations.
  • Variety of DDoS Attack VectorsDDoS assaults can take on multiple forms, such as application layer, protocol, and volumetric attacks. Software for mitigation needs to be capable of addressing a wide variety of attack vectors.
  • Latency ConcernsBusinesses in the financial sector, for example, may be worried about the possible latency that DDoS mitigation procedures may create.
  • False Negatives and Evasion TechniquesCrafty attackers can use evasion strategies to get around DDoS defences. Organisations that depend on mitigation software are concerned about the possibility of false negatives, in which an attack remains undiscovered.
  • Reliance on Third-Party Cloud ProvidersBusinesses that depend on outside cloud providers to defend against denial-of-service attacks may have issues with service dependencies and the capacity of the provider to grow under intense attack.
  • Absence of In-House ExperienceCybersecurity experience is necessary for the successful implementation and management of DDoS mitigation solutions. The inability of certain organisations to have in-house experts can make it difficult to fully utilise DDoS prevention.
  • Legal and Ethical IssuesUsing DDoS mitigation techniques may bring up legal and ethical issues for organisations. Mitigation measures, including IP address blocking, have to adhere to legal requirements.
  • Low Risk PerceptionCertain organisations may believe that there is little chance of DDoS assaults, particularly if they work in non-critical industries. This belief may cause DDoS mitigation technologies to be unprioritized.
  • Educational BarriersIt is imperative that organisations receive education regarding the significance of DDoS defence and the possible ramifications of assaults. It’s possible that some companies are ignorant of or unprepared for DDoS attacks.

Global Cloud DDoS Mitigation Software Market Segmentation Analysis

The Global Cloud DDoS Mitigation Software Market is Segmented on the basis of Deployment Model, Industry Vertical , Service Model, and Geography.

By Deployment Model

  • Cloud-Based DDoS MitigationScalable and flexible solutions housed on cloud infrastructure.
  • on-premises DDoS MitigationSoftware installed and controlled within an organization’s own infrastructure is known as “on-premises DDoS mitigation.

By Industry Vertical

  • FinanceDDoS mitigation systems made specifically to protect financial organisations from attacks that have the potential to cause service disruptions.
  • HealthcareDDoS protection solutions that meet the industry’s needs to guarantee the provision of essential services.
  • E-commerceDDoS mitigation software tailored to the unique difficulties encountered by e-commerce platforms and online shops.
  • GovernmentProducts made to satisfy the exacting security standards of government agencies.

By Service Model

  • Managed DDoS Protection ServicesOutsourced services in which DDoS protection is managed by a third party provider for the benefit of the company.
  • Software as a Service (SaaS)Usually offered as a subscription model, DDoS mitigation solutions are provided as a service.

By Geography

  • North AmericaDividing the market according to local dynamics and inclinations in the countries that make up North America.
  • EuropeParticular market factors for European nations.
  • Asia-PacificTaking a look at consumer preferences and market developments in the Asia-Pacific area.
  • Latin AmericaElements impacting the markets in the countries of Central and South America.
  • Middle East and AfricaDividing the market according to local characteristics in these two regions.

Key Players

The major players in the Cloud DDoS Mitigation Software Market are

  • Akamai Technologies, Inc. (US)
  • Cloudflare, Inc. (US)
  • Google Cloud Platform (US)
  • Microsoft Azure (US)
  • Arbor Networks, Inc. (US)
  • Imperva, Inc. (US)
  • Radware Ltd. (Israel)
  • Link11 GmbH (Germany)
  • Netscout Systems, Inc. (US)
  • Cloudbric, Inc. (US)

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Akamai Technologies, Inc. (US), Cloudflare, Inc. (US), Google Cloud Platform (US), Microsoft Azure (US), Arbor Networks, Inc. (US), Imperva, Inc. (US), Radware Ltd. (Israel), Link11 GmbH (Germany), Netscout Systems, Inc. (US), Cloudbric, Inc. (US)

SEGMENTS COVERED

Deployment Model, Vertical Industry, Service Model, and Geography

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