San Francisco, California, April 11, 2018: A recent report by TMR Research, titled, “DDoS Protection Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” projects this market to bode well in terms of depicting a magnificent growth thanks to the rising significance of Internet of Things growing all over the globe.
The global DDoS market is likely to witness exceptional growth in forthcoming years mainly due to the rise in DDoS attacks occurring in recent times. The Distributed Denial of Service (DDoS) attacks demand an extensive utilization of relevant solutions, thus fueling the associated market. From an overall perspective, widespread Internet-based technological advancement is also responsible for numerous vendors to offer efficient protective solutions to consumers in the wake of DDoS attacks, consequently driving the global DDoS protection market.
However, high initial operational costs might hinder the market’s growth, mainly by discouraging small-scale clients to invest in the services. Widespread pirated and free DDoS protection solutions are available around the world. Such versions are also expected to restrict the global DDoS market’s growth, especially due to a declining preference for buying authentic solutions as a result of the attached exorbitant costs. Nevertheless, a great focus is being imparted by vendors to develop hybrid and cloud-based solutions, which is expected to improve the reach of authentic DDoS solutions in the forthcoming years, thereby offsetting the restrains.
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The global DDoS protection market is regionally spread across North America, the Middle East and Africa, Europe, Latin America, and Asia Pacific. A strong technological infrastructure erected by prominent players, which provides highly reliable DDoS protection solutions in North America is mainly responsible for this region to hold a leading position in this market. High rate of adoption of new technologies associated with Internet-of-Things in this region is another reason for North America to showcase a handsome market growth. In terms of revenue gain, Europe hold the runners up position behind North America, mainly due to the rising number of DDoS attacks in this region, which demands application of appropriate solutions.
The competitive scenario of the global DDoS protection market is fairly nascent in current times, owing to the less spread and awareness about these solutions among the masses. However, rise in the number of new entrants in future is prophesized to improve the competitive landscape’s presence, consequently strengthening it. Most players are expected to highly focus on expansion of product portfolios, thus increasing the chances of attracting higher number of customers. Many players are also expected to resort to mergers and alliances as a prime strategy to facilitate geographical expansions. Akamai Technologies, Inc., Radware Ltd., Neustar, Inc., Corero Network Security, Inc., Nexusguard Ltd., Imperva, Arbor Networks, Inc., F5 Networks, Inc., Cloudflare, Inc., and Dosarrest Internet Security Ltd., are some of the key players operating in the global DDoS protection market.