The global Distributed Denial of Service (DDoS) protection and mitigation market size is expected grow from USD 2.4 billion in 2019 to USD 4.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period. With an increase in the number of multi-vector DDoS attacks, the demand for DDoS solutions is also expected to go up. Therefore, this demand might cause a significant growth of the DDoS protection and mitigation market.

Major vendors in the DDoS protection and mitigation market are NETSCOUT (US); Akamai Technologies (US); Imperva (US); Radware (Israel); Corero Network Security (US); Cloudflare (US); Link11 (Germany), Nexusguard (Hong Kong); A10 Networks, (US); Fortinet (US); Huawei Technologies (China); Verisign (US); Sucuri (US); SiteLock (US); Flowmon Networks (Czech Republic); StackPath, (US); DOSarrest Internet Security (Canada); NSFOCUS (US); and Seceon (US).

The recent developments in the market are: In May 2019, Link11 offered its solutions and services to Cologne Broadcasting Center (CBC), a broadcast company in Germany. This offering has expanded Link11’s business operations reach to the media vertical. In April 2019, Huawei partnered with Infosys, wherein Infosys will join the Huawei Cloud Partner Network. The partnership was aimed to develop new cloud solutions to help enterprises fast track their digital transformation. In January 2019, Akamai completed the acquisition of Janrain. The acquisition helps Akamai to add Customer Identity Access Management (CIAM) to its Intelligent Edge Platform.

The market growth is attributed to increasing instances of application and network layer attacks on enterprises. The massive use of IoT devices across verticals and threat of botnets are expected to be the major growth drivers for the adoption of DDoS protection and mitigation solutions. The rise in the adoption of Bring Your Own Network (BYOD) and work from home trends and the increasing number of botnet and Mirai botnet attacks due to IoT, cloud storage data leaks, and fragile datacenter security have placed the infrastructure at risk. Cumbersome administration is projected to drive the market after threat detection.

The hybrid deployment mode is gaining high traction in the market, as mitigating all DDoS attacks is challenging. The hybrid deployment mode safeguards critical enterprise data on-premises and stores other data in the cloud environment. Hybrid deployment solutions protect organizations’ Information Technology (IT) infrastructure from multi-vector DDoS attacks before these attacks snowball into a huge problem. Enterprises can retain all their critical data and intellectual properties within their premises and ensure their safety from network-based, protocol-based, and application-based DDoS attacks.

The solutions which DDoS mitigation software provides are: Network Layer Null Routing Sinkholing Scrubbing Application Layer Domain Name System (DNS) routing Border Gateway Protocol (BGP) routing