Market Trends of Global Distributed Denial of Service (DDoS) Protection Industry
Increasing Instances of Sophisticated DDoS Attacks to Drive the Market
- The rapidly rising instances of DDoS attacks across multiple industries, which have disrupted crucial organizational services and the loss of millions of dollars for various companies, have increased the focus on robust protection solutions across emerging economies.
- Network layer attacks that target exposed network infrastructure such as inline routers and other network servers significantly impact data centers where a significant share of IT and telecom vendors operate. According to Cloudflare, about 44% of network layer attacks occurred in January 2021, with synchronizing flag (SYN) packet flood attacks remaining the most common. Other attacks noted included reset flag (RST) packets, user datagram protocol (UDP), and domain name system amplification attacks. Due to such developments, DDoS protection is vital for vendors operating in these industries.
- The increased bandwidth and low latency in 5G are further anticipated to increase the volume and severity of the attacks. According to Corero's study, the higher bandwidth of 5G enables advanced botnets to harness as many mobiles or IoT devices as possible to cripple their targets.
- Further, with the adoption of remote working due to the onset of Covid, corporate networks have become more vulnerable when accessed from unsecured work-from-home environments, as personal computing devices are not always protected, thus causing an increase in Botnet DDoS attacks.
- As businesses worldwide grow, new and advanced persistent threats have exposed critical services to risk. This has encouraged organizations to deploy better DDoS solutions to safeguard their endpoints and networks against potential attacks.
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North America is Expected to Hold a Major Share
- The North American region is expected to hold a significant market share, primarily due to the higher adoption of advanced technologies and stricter implementation of cybersecurity solutions. Given the need to meet stringent regulatory and compliance requirements, there is a rising need for advanced security systems among the region's end-user industries that positively boost the market's growth.
- The region also accounts for a significant number of DDoS attacks, which are likely to increase with respect to multiple end-user industries, further driving the demand for DDoS protection solutions. Moreover, cyberattacks in the region, especially in the United States, are increasing rapidly. They are reaching high numbers, primarily owing to the rapidly increasing number of connected devices in the region.
- Also, in the United States, consumers have been using public clouds, and multiple mobile applications are preloaded with personal information for the convenience of banking, shopping, and communication. In the past few years, companies in the region have been witnessing increasing DDoS attacks, which has resulted in tremendous awareness related to protection solutions. Also, according to the White House Council of Economic Advisers, the US economy loses approximately USD 57 billion to USD 109 billion per year to harmful cyber activity.
- Moreover, according to Atlas VPN, it was estimated that there were more than 175,000 DDoS attacks in the United States in March 2020 alone. Attackers tried to disable the website of the US Department of Health and Human Services. The primary purpose seemed to deprive the citizens of access to official data regarding the COVID-19 pandemic and the measures being taken against it.
- The US government also signed a law to establish the Cybersecurity and Infrastructure Security Agency (CISA) to enhance the national defense against cyberattacks. The agency works with the federal government to provide cybersecurity tools, incident response services, and assessment capabilities to safeguard the governmental networks that support essential operations of the partner departments and agencies. As a result, it opens new avenues for the new and existing companies to invest in a suitable protection suite designed for the industry.
- Various firms are deploying standalone 5G networks, and they would need security partners to become ingrained in their network and security against attacks well before a threat occurs. For instance, in April 2021, DISH Network Corporation chose Allot Ltd to provide end-to-end User Plane Protection (UPP) against DDoS and botnet attacks on the United States' cloud-native, OpenRAN-based 5G network.
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