A Distributed Denial of Service (DDoS) attack is a type of malicious attack that disrupts normal network traffic by overloading the website with more traffic than the server can handle. The main purpose of this type of cyber attack is to make the site unusable.
In recent years, these types of attacks have been increasing, fueling the demand for the best DDoS defense software solutions. Many unexpected data center breaches are due to DDoS attacks. The threat of DDoS is due to access to easy-to-use equipment and the potential for profit through extortion.
The attacks directly target businesses, causing huge financial and personal losses, making it essential to have robust DDoS protection software solutions.
According to the report by Market Research Inc, the DDoS defense software market is expected to reach + 14% CAGR by 2020-2028.
Important statistics to show growing demand for DDoS software solutions
Demand for the DDoS software market is increasing due to the exponential increase in multi-vector DDoS attacks and the ease with which DDoS rental services are available today.
These statistics show continued growth in DDoS deadly attacks and the impending need for a robust DDoS defense fund.
- There was a discernible increase in DDoS attacks between 2014 and 2017, up to 2.5 times.
- By 2020, total DDoS attacks had reached 17 million, with the cost of one of these attacks ranging between $ 20,000 and $ 40,000 per hour.
- The average size of such an attack was 26.37 GBps in the second quarter of 2018, which increased from a staggering 967% to reach 100 Gbps in the first quarter of 2019.
- The biggest attack so far was GitHub in February 2018 with 1.3 TBps.
- China was the main offensive of DDoS attacks in the third quarter of 2020, accounting for 70.20% of all attacks.
- In the third quarter of 2020, China was the best targeted country, accounting for 72.83% of attacks.
- DDoS activity increased by 542% between Q4 2019 and Q1 2020
- The size of the global DDoS protection and mitigation market is forecast to increase to CAGR 0f 14%, from $ 2.4 billion in 2019 to $ 6 billion by 2028
Factors driving the growth of the DDoS protection and mitigation market
Episodes of cyber attacks have increased in recent times, mainly due to the switch to digitalization, the rise of connected devices and the increased computing power of processors. Developing software solutions to mitigate these threats is essential.
Key drivers for the growth of the DDoS protection and mitigation market between 2020-2028 include the increasing penetration of the Internet of Things (IoT) and connected devices and demand from SMEs.
Organizations are realizing the impact of these attacks and want to have a disaster recovery plan in advance.
How DDoS protection works
Many companies face the question: How to protect my website from DDoS attacks? Today, there are many vendors that offer software solutions that protect websites from these attacks.
It uses advanced algorithms and software to control incoming traffic to the website. Deny access to illegal traffic and allow legitimate traffic to filter out.
DDoS prevention solution
DDoS protection program includes the purchase and management of equipment that can filter incoming traffic and counter the attack. These are cloud security services and network devices that moderate the incoming threat.
Between 2020 and 2028, hardware solutions and services are expected to grow to ensure network connectivity and reduce downtime in the event of equipment or power outages.
DDoS distribution mode
The DDoS protection and mitigation market is divided into cloud, default, and hybrid in terms of operation. The hybrid model is expected to grow at most over the forecast period. It enables organizations to keep their essential data on their premises and move non-critical data to the cloud.
Recently, many DDoS attacks have not been detected by on-premises and cloud solutions. Organizations could not identify and counteract them; therefore, they are moving towards a hybrid deployment model.
Key players offering DDoS detection and mitigation solutions
With the rise of DDoS attacks, an increasing number of players have been offering software solutions to detect and mitigate attacks.
The best players in the market are:
- Akamai Technologies
- Huawei Technologies
Largest market share in the DDoS protection and mitigation market
According to the report by Market Research Inc, North America would have the largest and largest share of the market in the DDoS protection and mitigation market over the forecast period. The main factors for having such a huge market is that it is one of the first to adopt a DDoS protection and mitigation solution and has no solution providers in this area. Many companies in North America are implementing DDoS protection and mitigation solutions to counteract these threats in the buds.
Asia Pacific (APAC) will also see an increase in its market growth due to rapid economic growth and stability in developing countries and improved regulatory reforms.
Recently, DDoS attacks are becoming increasingly sophisticated, with the threat and impact of DDoS network attacks changing over time. Although volumetric attacks are virtually the same, the number of application-specific and high intensity targeted attacks is increasing.
DDoS protection software solutions aim to eliminate the downtime of these attacks and improve website availability to keep businesses productive and efficient. On-premises, cloud and hybrid software solutions for small, medium and large businesses are the way to go.