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Business hacking upsurge drives demand for mitigation solutions

Business hacking upsurge drives demand for mitigation solutions
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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.

New analysis from Frost & Sullivan, DDoS Mitigation Global Market Analysis 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. 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, the report reveals.

“The DDoS mitigation market is growing rapidly as the number and frequency of attacks increase,” Frost & Sullivan Network Security Senior Industry Analyst Chris Rodriguez says. “Furthermore, hacking techniques have evolved beyond simple SYN floods to sophisticated attacks that are amplified to relentless volumes or escape detection entirely.”

The Analysis also shows that 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,” Rodriguez adds. “New security features to detect and block the largest and most sophisticated threats will improve the value proposition of solutions.”

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Kayode Oladeinde Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929

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