Global DDoS Prevention Market Propels to Grow to Provide Cloud Based DDoS Services: A Technavio Report
FREMONT, CA: Technavio, a technology research and advisory company, announces the market forecasts for global distributed denial of service (DDoS) prevention market. The report predicts that the global DDoS prevention market to reach a CAGR of close to 22% by 2019.
Trend analysis is made and its impact on the market shares for APAC, Americas, and EMEA. The leading vendors analyzed by this report include Arbor Networks, Akamai Technologies, Neustar , and Radware.
Small and medium scale enterprises in retail manufacturing and banking sectors are endorsing cloud-based DDoS prevention solutions, because, SMEs are in shortfall of skills, for deploying, integrating and managing securityinfrastructure.
Global DDoS prevention market by geographical segmentation
The DDoS prevention market in the Americas is valued at close to USD 204.2 million in 2014. The region experienced numerous DDoS attacks in 2019. Some key factors that contribute to the high market growth of Americas are the presence of large enterprises in the region coupled with a rise in hosted servers.
The DDoS prevention market in EMEA is anticipated to grow at a CAGR of over 22% until 2019. The DDoS prevention solutions market in EMEA has experienced high traction among service providers, mobile operators, and enterprise organizations. The adoption of DDoS prevention solutions in the Middle East and Africa is low and presents an attractive opportunity for market vendors to expand their shares over the next four years.
The DDoS prevention market in APAC is expected to grow at a CAGR of over 24.23% until 2019. In APAC, China was most affected by DDoS attacks in 2014. Although the global revenue contribution of APAC is currently low, the market share of this region will witness a high growth rate during the forecast period.