This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Frost & Sullivan: Business' Dependence On The Internet Spurs Asia-Pacific Distributed Denial Of Service Attack Protection Market

KUALA LUMPUR, Malaysia, Aug. 18, 2013 /PRNewswire/ -- Concerns on cyber security in the wake of increasingly high-profile threats and attacks have spurred the distributed denial of service (DDoS) protection market in Asia-Pacific. The publicity that attacks on Governments and organizations have received has enhanced awareness among enterprises and service providers, heightening demand for comprehensive DDoS solutions.

New analysis from Frost & Sullivan ( http://www.networksecurity.frost.com), Asia-Pacific Distributed Denial of Service (DDoS) Attack Protection Market, finds that the market earned revenues of more than US$117.2 million in 2012 and estimates this to reach US$327.0 million in 2016.

Asia-Pacific companies, especially in the banking, financial services and insurance vertical, are hiking their expenditure on security solutions to ward off attacks that are growing in sophistication and volume, thereby boosting the scope for the DDoS protection market in the region.

"Businesses' growing dependence on the Internet and Web-based applications has compelled them to enhance their security set-up and adopt DDoS protection solutions," said Frost & Sullivan ICT Research Analyst Vu Anh Tien. "They view DDoS protection as a necessity, as any downtime will result in failed business transactions and revenue losses."

Additionally, the influx of investments and the subsequent business expansions in the region have forced enterprises to protect themselves from vulnerabilities and avoid the clean-up costs and loss in reputation involved in the disruption of services following a DDoS attack.

However, several organizations put off implementing DDoS protection applications till they are under attack, as they are still unaware of its consequences. DDoS installations are further delayed as the benefits of a successfully foiled attack cannot be quantified in monetary terms, and the ambiguity in assessing financial returns curbs investments.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs