Market Research Report
Global CDN Security Market - Segmented, by Type (DDoS Protection, Web Application Firewall), Organization Size, Industry Vertical (Media & Entertainment, Retail, BFSI), and Region - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||704837|
|Published||Content info||95 Pages
Delivery time: 2-3 business days
|Global CDN Security Market - Segmented, by Type (DDoS Protection, Web Application Firewall), Organization Size, Industry Vertical (Media & Entertainment, Retail, BFSI), and Region - Growth, Trends, and Forecast (2018 - 2023)|
|Published: August 18, 2018||Content info: 95 Pages||
The CDN Security market was valued at USD 2.02 billion in 2017 and is expected to reach USD 8.30 billion by 2023, with a CAGR of 26.57% during the forecast period (2018 - 2023). The report profiles types of CDN security, such as DDoS protection, web application firewall, data security and DNS protection.
As more and more content delivery network (CDN) operators move applications and business processes to the cloud, CDN security issues are becoming a growing concern. The CDN security solutions protect not only data from theft, but also ensure optimal CDN availability by fending off the many attacks that can interrupt network performance. Factors, such as growing cloud-based services are expected to drive the CDN security market. The growing penetration of connected things & enterprise mobility trends and need to alleviate increasing cyber-attacks, such as DDoS among enterprises are also driving growth for CDN security market. However, issues related to high operational cost related to CDN security are estimated to challenge the growth of the market.
DDoS Protection is expected to Fuel the Growth
The scope, size, and sophistication of DDoS attacks is increasing at an alarming rate, where some recent DDoS attacks have exceeded 1 Tbps in 2017. According to Verisign's DDoS Trends Report, the average DDoS attack peaked at 14.1 Gbps in 2017's first quarter. According to Imperva's 2017 Global DDoS Threat Landscape Report, the application layer DDoS attacks reached an all-time high of 1,099 per week in the second quarter of 2017, a rise of 23% as compared to previous rise. These increasing instances of cyber-attacks, such as DDoS among enterprises are the major factors driving growth for DDoS protection in the market.
Through the exploitation of millions of IoT devices, the volume of attacks are also increasing at a rapid rate and becoming more impactful than ever before. Moreover, as most of the application layer DDoS attacks are growing in frequency, complexity, and persistence, organizations are shifting their efforts for protecting application layer as it has the ability to disrupt operations with more significant impact. According to Cloudfare, average hourly cost of downtime, owing to an infrastructure failure, can cost up to USD 100,000 per hour. As the attacks of this nature can lead to customer churn, brand degradation, the adoption rate of CDN security solutions are expected to rise as websites and applications require the resilience and intelligence of a scalable network to combat the biggest and newest attacks.
North America is expected to have Substantial Market Share
North America's strong financial position enables it to invest heavily in advanced solutions and technologies, which has provided organizations in the region a competitive edge in the market. Moreover, the region has the presence of several major product lifecycle management software vendors, such as Akamai Technologies (US), Amazon Web Services (US), Arbor Networks (US), Distil Networks (US), and Microsoft (US), among others.
Increasing deployment of the cloud CDN solutions, digital connectivity, and cyber-attacks are the key factors responsible for the deployment of CDN security in the North American region. According to the IC3, in 2016, the United States reported the highest amount of losses with California reporting over USD 255 million cybercrime damages. Thus, the demand for CDN security market is set to increase over the forecast period to secure systems from hackers and cyber-attacks, such as DDoS attacks.
Key Developments in the Market
May 2018: Microsoft launched its own Content Delivery Network (CDN) to enable customers to use and deliver content from it. With Azure CDN customers can allow their businesses to provide content on any of Microsoft's extensive 54 global point-of-presence (POP) CDN in 33 countries.
Sep 2017: Comodo entered into partnership with StackPath to leverage its technologies to create the first-ever platform that combines a security operations center (SOC) with machine learning, security incident and event management (SIEM), web application firewall (WAF), and a secure content delivery network (CDN) to provide a holistic cyber solution for monitoring and defending web infrastructure.
Major Players: AKAMAI TECHNOLOGIES, INC., AMAZON WEB SERVICES, INC., ARBOR NETWORKS, INC., LIMELIGHT NETWORKS, INC., STACKPATH, LLC, NEXUSGUARD LTD, VERIZON DIGITAL MEDIA SERVICES, INC., DISTIL NETWORKS, INC., MICROSOFT CORPORATION, CHINACACHE INTERNATIONAL HOLDINGS LTD, CDNETWORKS INC., and RADWARE LTD, among others.
Reasons to Purchase this Report
Impact of growth of CDN security on the market
Analysis of various perspectives of the market with the help of Porter's five forces analysis
The segments that are expected to dominate the market
Regional analysis of the market during the forecast period
Latest developments, market shares, and strategies employed by the major market players and key innovators
3-month analyst support, along with the Market Estimate sheet (in Excel)
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