LONDON--(BUSINESS WIRE)--The global distributed denial-of-service (DDoS) protection market is expected to grow at an impressive CAGR of over 13% during the forecast period, according to Technavio’s latest market research.
In this market research report, Technavio covers the market outlook and growth prospects of the global DDoS protection market for 2017-2021. The market is segmented by two types of component; products and services. The product segment held a market share of around 56% in 2016.
Technavio’s research analysts segment the global DDoS protection market into the following regions:
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DDoS protection market in Americas
Increased instances of web application attacks and DDoS threats in the Americas have made many organizations deploy DDoS protection solutions and services. The DDoS protection solutions and services were adopted by a large number of SMEs in the region during the early stages of its introduction. This made the Americas dominate the market in terms of revenue generation, contributing over 40% to the overall market share in 2016.
However, the market share of the Americas will decline during the forecast period because of the early adoption of DDoS in the BFSI, e-commerce, and government sectors. The DDoS protection market in the Americas has reached saturation, thereby leading to a decline in its adoption rate in the coming years.
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DDoS protection market in EMEA
As of 2016, EMEA was the second largest market for DDoS protection. The market share of EMEA will increase because of the growing complexity and frequency of TCP connection attacks, application attacks, UDP flood, and DNS amplification attacks in the region. Also, the market share of the region will grow because of the escalating threat vector and shifting focus of organizations in the government and healthcare sectors toward the adoption of DDoS software.
According to Amrita Choudhury, a lead IT security research analyst at Technavio, “The adoption of DDoS protection is likely to be high in EMEA because of the increase in awareness among SMEs in various countries such as Netherlands, Italy, and Turkey regarding the use of DDoS protection solutions and services for ensuring data security. The African market is also expected to catch up with the rapid evolution of technology and its awareness among people in the region.”
DDoS protection market in APAC
The market share of APAC will increase during the forecast period because of the initiative taken by organizations in Japan, Malaysia, Singapore, Indonesia, and India to implement DDoS protection. SMEs and large enterprises in the BFSI and government sectors are becoming targets of DDoS attacks and DNS query flood attacks more than ever in APAC because of advances in technologies such as cloud and IoT, increased dependency on the Internet, and a mobile workforce. Also, investments in infrastructure and a positive economic outlook in the region are likely to improve cloud connectivity among enterprises, increasing the demand for DDoS protection.
“APAC is expected to lead the market in terms of the CAGR during the forecast period, given the increase in the adoption of cloud computing, the number of Internet users, and hosting service providers. Japan and China are the major revenue contributors in this region,” says Amrita.
The top vendors in the global DDoS protection market as highlighted in this market research analysis are:
- Akamai Technologies
- ARBOR NETWORKS
- F5 Networks
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