A distributed denial of service (DDoS) attack is a malicious attack that disrupts normal network traffic by driving a Web site beyond the capacity of a server. The main purpose of this kind of cyber attack is to make the website inoperable.

This type of attack has increased in recent years, fuelling the demand for the best DDoS protection software solution. Many unplanned data center outages are due to DDoS attacks. The threat of DDOS lies in easy-to-use tools and the potential for profit through extortion.

These attacks are directed at businesses and cause significant financial and personal losses, so having a strong DDoS protection software solution is critical.

The DDOS protection software market is expected to grow at a compound annual growth rate of more than 14 percent through 2020-2028, according to the market research firm.

Important statistics illustrate the growing demand for DDOS software solutions

Demand in the DDOS market is on the rise due to the exponential growth of multi-vector DDOS attacks and the ease with which DDOS is available today.

These statistics show that deadly DDoS attacks continue to grow, and there is an urgent need for a strong DDoS protection pool.

  • Between 2014 and 2017, there was a significant increase in DDoS attacks, increasing by 2.5 times.
  • By 2020, there will be a total of 17 million DDoS attacks, with a single such attack costing between $20,000 and $40,000 per hour.
  • The average size of such attacks reached a staggering 26.37 Gbps in the second quarter of 2018, an increase of 967%, and reached 100Gbps in the first quarter of 2019.
  • The biggest attack to date was on GitHub in February 2018 with a speed of 1.3TBps.
  • By the third quarter of 2020, China had become the most targeted country, with an attack rate of 72.83 percent.
  • DDOS activity increased 542% between the fourth quarter of 2019 and the first quarter of 2020

The global DDoS protection and mitigation market is expected to grow by 14%, from $2.4 billion in 2019 to $6 billion in 2028.

Factors driving DDoS protection and mitigating market growth

Cyber attacks have increased in recent years, mainly due to the shift to digitalization, an increase in the number of connected devices and the increased computing power of processors. There is an urgent need to develop software solutions to mitigate these threats.

Major factors driving the growth of the DDoS protection and mitigation market between 2020 and 2028 include the increasing penetration of the Internet of Things (IoT) and related devices, as well as demand from small and medium enterprises.

Organizations are aware of the impact of these attacks and want to make disaster recovery plans in advance.

How DDOS protection works

Many businesses are faced with the question: How do I protect my website from DDoS attacks? Today, there are many vendors offering software solutions to protect against these attacks.

It uses algorithms and sophisticated software to manage traffic to the site. It denies access to illegal traffic and lets legitimate traffic through.

DDoS defense solution

DDoS protectors include the purchase and management of devices that can filter incoming traffic and defend against attacks. These are cloud-based security services and network devices that mitigate incoming threats.

During the period 2020-2028, hardware solutions and services are expected to grow to determine network connectivity and reduce downtime in the event of equipment or power failure.

DDOS deployment mode

The DDoS protection and mitigation market is divided into cloud, online, and hybrid at deployment time. The hybrid model is expected to grow the most during the forecast period. It allows organizations to keep their critical data on their own premises and move non-critical data to the cloud.

In recent years, many DDoS attacks have gone undetected by on-site and cloud-based solutions. Tissue can’t detect and stop them; As a result, they are moving to a hybrid deployment model.

A major player in providing DDOS detection and mitigation solutions

With the increase in DDoS attacks, more and more players are offering software solutions to detect and mitigate attacks.

The top players in the market include:

  • Indusface Managed DDoS Mitigation
  • Akamai Technologies
  • Cloudflare
  • Link11
  • Huawei technologies
  • Verisign
  • Nexusguard

The largest market share in the DDoS protection and mitigation market

According to the market research firm, North America will have the largest market share in the DDOS protection and mitigation market for some time to come. The main driver of its huge market size is that it was one of the early adopters of DDoS protection and mitigation solutions and that there were no solution providers in this area. Many businesses in North America are implementing DDoS protection and mitigation solutions to stop these threats in the bud.

Markets in the Asia-Pacific region will also grow, thanks to rapid economic growth and stability in developing countries and better regulatory reforms.

In recent years, with the threat and impact of network DDoS attack changing constantly, DDoS attack has become more and more complex. While capacity attacks are identical, the number of application-specific and targeted high-intensity attacks has increased.

DDoS protection software solutions are designed to eliminate downtime from these attacks and enhance website availability to maintain productivity and efficiency in the enterprise. Premisit-based, cloud, and hybrid software solutions for small, medium, and large enterprises are the future.