DDoS prevention: Key market research findings
- Spread of DDoS prevention solutions in non-traditional sectors
- Increased adoption by SMEs
Technavio has added a new market research report on the global DDoS prevention market, which is expected to grow at a CAGR of around 23% between 2015 and 2019. Increase in the number of volumetric attacks across e-commerce, BFSI, and gaming sectors, has led to the huge loss of data and time. This has resulted in increased implementation of DDoS prevention solutions. The Americas dominate the global market for DDoS prevention solutions, owing to the majority of DDoS attacks in the region. Also, factors like the presence of large enterprises and growing number of hosted servers are propelling the market’s growth in this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the market is witnessing increased adoption of DDoS prevention solutions in nontraditional sectors such as e-commerce and gaming. Most users in these sectors provide personal information to register themselves on e-commerce and gaming websites, which make them vulnerable to DDoS attacks. Also, the market vendors are offering simple security and customized solutions that detect, identify, and mitigate DDoS attacks,” Navin Rajendra, Lead Analyst, ICT, Technavio Research.
Various SMEs like the manufacturing, retail, and banking sectors, are adopting DDoS prevention solutions to protect their data. They prefer on-premise services to implement, monitor, and maintain data security owing to the lack of skills and resources to manage security infrastructure. Also, these SMEs are relying on service providers to monitor their network for unauthorized network intrusions and DDoS attacks. Vendors have come up with various cloud-based solutions to prevent the DDoS attacks.
The key players in the global DDoS prevention market include Arbor Networks, Akamai Technologies, Neustar, and Radware. The market has high growth opportunities, which will attract new entrants. Though there are several vendors in the market, the availability of advanced and customized solutions is limited. This has intensified the competition among vendors to offer distinguished products and services to customers.
A more detailed analysis is available in the Technavio report, Global DDoS Prevention Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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