Hacking of Online Businesses Catalyzes Demand for Advanced DDoS Mitigation Solutions
End-users want cost-effective, scalable solutions that can detect and block the largest, most sophisticated threats, finds Frost & Sullivan
MOUNTAIN VIEW, California, March 18, 2016 /PRNewswire/ -- The increasing popularity of distributed denial-of-service (DDoS) attacks as a tool to disrupt, harass, terrorize and sabotage online businesses is boosting demand for mitigation solutions. In the face of universal vulnerability to attacks, end users are looking for cost-effective solutions that can defend against the most sophisticated and large scale attacks.
New analysis from Frost & Sullivan, DDoS Mitigation Global Market Analysis (http://frost.ly/47) finds that the DDoS mitigation market earned revenues of $449.5 million in 2014 and estimates this to more than double to $977.2 million by 2019.
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"The DDoS mitigation market is growing rapidly as the number and frequency of attacks increase," said Frost & Sullivan Network Security Senior Industry Analyst Chris Rodriguez. "Furthermore, hacking techniques have evolved beyond simple SYN floods to sophisticated attacks that are amplified to relentless volumes or escape detection entirely."
Basic low-cost DDoS defenses are unable to address such attacks, which results in a strong demand for dedicated DDoS mitigation solutions. However, advanced solutions are very expensive compared to basic DDoS mitigation practices. Additionally, the size of DDoS attacks generated by use of amplification and reflection techniques can easily overwhelm onsite DDoS appliances.
"Vendors must continue research and development to provide DDoS mitigation solutions with higher efficacy, scalability, rapid response times, and supporting cloud services," stressed Rodriguez. "New security features to detect and block the largest and most sophisticated threats will improve the value proposition of solutions."
DDoS Mitigation Global Market Analysis is part of the Network Security (http://ww2.frost.com/research/industry/information-communications-technologies/network-security) Growth Partnership Service program. Frost & Sullivan's related studies include: Web Application Firewall (WAF) Global Market Analysis, Enterprise Security Tracker 2016, Network Security Forensics Global Market—How Much Forensics Do You Need?, Managed Security Services in North America, Analysis of the Global Next Generation Firewall and Unified Threat Management Market, and Vulnerability Management (VM)–Global Market Analysis, among others. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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