LONDON--(BUSINESS WIRE)--According to the latest market research report by Technavio, the global distributed denial of service (DDoS) prevention market is expected to grow at a CAGR of over 22% until 2019.
In this report, Technavio covers the present scenario and growth prospects of the global DDoS prevention market for 2015-2019. To calculate the market size, the report considers revenue generated from DDoS solutions and DDoS services.
“An increasing number of SMEs, particularly in the manufacturing, retail, and banking sectors, are adopting cloud-based DDoS prevention solutions to protect their sensitive data. As SMEs lack the requisite skills and resources needed for deploying, integrating, and managing security infrastructure, vendors are leveraging the immense potential of this market by launching new several new products,” said Amrita Choudhury, one of Technavio’s lead industry analysts for IT security.
“The adoption of BYOD policies has led to an increase in mobile network vulnerability, leading to the growing number of DDoS attacks. As mobile networks can be easily accessed and tampered with, it has become a cause of major concern for enterprises. To counter these threats, enterprises are likely to invest heavily in mobile security products, including DDoS prevention solutions, and this trend is anticipated to significantly improve the global DDoS prevention market's revenues in coming years,” added Amrita.
Global DDoS prevention market by geography 2019 (USD millions)
- Americas 559
- EMEA 475
- APAC 507
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Americas: largest region for the global DDoS prevention market
The DDoS prevention market in the Americas was valued at close to USD 204.2 million in 2014. The region experienced numerous DDoS attacks in 2014, with the US holding the second-largest and Canada the third-largest shares in the world. These regions will therefore witness high adoption of DDoS prevention solutions until 2019.
Some key factors that contribute to the high market growth of Americas are the presence of large enterprises in the region coupled with a rise in hosted servers. While DDoS prevention products are already quite prevalent in the US, DDoS prevention services are likely to gain traction in Latin America. The demand for cost-effective DDoS prevention services is expected to further drive the market over the next four years.
EMEA: second largest region for the global scientific instrumentation market
The DDoS prevention market in EMEA is anticipated to grow at a CAGR of over 22% until 2019. Western Europe emerged as the major revenue contributor to this market, thanks to the surge in DDoS subscriptions in UK, France, and Germany in 2015.
The DDoS prevention solutions market in EMEA has experienced high traction among service providers, mobile operators, and enterprise organizations. There market has witnessed an increase in demand from hosting providers that cater to the BFSI sector in the region. However, the adoption of DDoS prevention solutions in the Middle East and Africa is low and presents an attractive opportunity for market vendors to expand their shares over the next four years.
DDoS prevention market in APAC
The DDoS prevention market in APAC is expected to grow at a CAGR of over 24.23% until 2019. In APAC, China was most affected by DDoS attacks in 2014. The volume and sophistication of DDoS attacks are steadily increasing in the region, especially in the BFSI sector, and it is driving organizations to spend more on DDoS prevention solutions.
Although the global revenue contribution of APAC is currently low, the market share of this region will witness a high growth rate during the forecast period. Factors like growing IT infrastructure, increasing online population, and growing economies have made the region highly attractive to hackers, thus drastically increasing security concerns among organizations.
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