The report "Global DDoS Protection Market - Premium Insight, Industry Trends, Company Usability Profiles, Market Sizing & Forecasts to 2024", published by 360iResearch, states that the global market was valued at USD 868.30 million in 2016 and is projected to reach USD 4,524.79 million by 2024, growing at a CAGR of 22.92% from 2016 to 2024.
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The major forces driving the growth of the ddos protection market include the need to manage increasing instances of ddos attack and developing regulatory framework to ensure it security. However evolutionary nature of ddos and bot attacks, and customer demand on-demand access to the content may hinder the market growth. In the middle of difficulty lies opportunity such as the focus towards smes, iot demands better security, and hybrid ddos. The possible challenges for the market growth are available preventive measures do not offer complete protection, and lack of organizational support. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global ddos protection market is studied across Aerospace & Defense, Automotive & Transportation & Logistics, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on geography, the global ddos protection market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the ddos protection market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Akamai Technologies, Inc., Arbor Networks, Inc., Cloudflare, Inc., Corero Network Security, Inc., Dell SonicWALL, Inc., F5 Networks, Inc., HaltDos Pvt. Ltd., Imperva, Inc., Kentik Technologies, Inc., Microsoft Corporation, NeuStar, Inc., Nexusguard, Ltd., Radware, Ltd., Symantec Corporation, and WatchGuard Technologies, Inc..
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