New analysis from Frost & Sullivan shows that end-users want cost-effective, scalable solutions that can detect and block the largest, most sophisticated threats to online businesses
The increasing popularity of distributed denial-of-service (DDoS) attacks as a tool to disrupt, harass, terrorize and sabotage online businesses is boosting the demand for mitigating counter solutions. In the face of universal vulnerability to attacks, end users have started looking for cost-effective solutions that can defend against the sophisticated and large scale cyberattacks.
According to the new analysis from Frost & Sullivan, DDoS Mitigation Global Market Analysis 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.
As per the press release, basic low-cost DDoS defenses are unable to address such attacks, which results in a strong demand for dedicated DDoS mitigation solutions. However, it shows that advanced solutions are very expensive compared to basic DDoS mitigation practices. Additionally, the report finds out that the size of DDoS attacks generated by use of amplification and reflection techniques can easily overwhelm onsite DDoS appliances.
Frost & Sullivan Network Security, Senior Industry Analyst Chris Rodriguez said “The DDoS mitigation market is growing rapidly as the number and frequency of attacks increase. Furthermore, hacking techniques have evolved beyond simple SYN floods to sophisticated attacks that are amplified to relentless volumes or escape detection entirely.”
He also added “Vendors must continue research and development to provide DDoS mitigation solutions with higher efficacy, scalability, rapid response times, and supporting cloud services. New security features to detect and block the largest and most sophisticated threats will improve the value proposition of solutions.”
