Global Domain Name System Service Market Report and Forecast 2024-2032

Global Domain Name System Service Market Report and Forecast 2024-2032

Global Domain Name System Service Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global domain name system service market size reached a value of USD 480 million in 2023. Aided by the escalating demand for online presence, digital transformation initiatives, and the proliferation of internet-enabled devices, the market is projected to further grow at a CAGR of 13.7% between 2024 and 2032 to reach a value of USD 1,548.48 million by 2032.

A domain name system (DNS) service is a fundamental component of the internet infrastructure responsible for translating human-readable domain names into numerical IP addresses, facilitating the routing of internet traffic to the appropriate destination servers. Essentially, DNS acts as the internet's address book, enabling users to access websites, send emails, and connect to online services using intuitive domain names rather than complex numerical IP addresses.

The surge in domain name system service market growth is underpinned by several key factors. Firstly, the relentless expansion of the internet user base, fuelled by increasing internet penetration, smartphone adoption, and digitisation efforts across industries, drives the need for domain registration and management services. Businesses, governments, and individuals seeking to establish a digital presence require domain names to host websites, launch online applications, and communicate effectively in the digital realm.

As per the domain name system service market analysis, the growing significance of online security and data privacy amplifies the demand for DNS security solutions, including Domain Name System Security Extensions (DNSSEC), distributed denial-of-service (DDoS) protection, and threat intelligence capabilities. As cyber threats become more sophisticated and prevalent, organisations prioritize DNS security to safeguard their digital assets, mitigate risks, and ensure uninterrupted online operations.

Additionally, the emergence of new generic top-level domains (gTLDs) and the expansion of the domain name space offer opportunities for innovation and differentiation in the domain name system service market. With the introduction of gTLDs such as .com, .org, and .net, alongside niche-specific domains catering to industries, regions, and interests, businesses and individuals have a broader array of options to choose from when selecting domain names, fostering competition and diversity in the domain name system service market.

Technological advancements play a pivotal role in shaping the evolution of the market. Innovations such as Anycast DNS, which enhances the resilience and performance of DNS infrastructure by dispersing queries across geographically distributed servers, contribute to improved reliability, scalability, and speed of DNS resolution that can aid the domain name system service market expansion. Additionally, the adoption of cloud-based DNS services enables organisations to leverage scalable and cost-effective solutions, eliminating the need for on-premises infrastructure and reducing operational complexity.

Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) technologies into DNS security solutions empowers organisations to detect and mitigate cyber threats in real time, proactively identify anomalous behaviour, and adapt to evolving threat landscapes. As per the domain name system service market outlook, AI-driven DNS traffic analysis, anomaly detection, and predictive modelling enhance the security posture and enable proactive threat response, bolstering resilience against cyber attacks and data breaches.

The market operates within a dynamic regulatory landscape characterised by evolving policies, standards, and governance frameworks governing domain registration, management, and security practices. Regulatory initiatives aimed at enhancing Internet governance, promoting competition, and safeguarding user rights shape industrial dynamics and influence market participants' strategies and operations.

Moreover, compliance with data protection regulations, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States, imposes obligations on domain registrars and DNS service providers regarding the collection, processing, and protection of personal data associated with domain registration and DNS queries that can influence the domain name system service market share.

Market Segmentation

The market can be divided based on server, service, deployment mode, industry vertical, and region.

Market Breakup by Server

• Primary Server
• Secondary Server

Market Breakup by Service

• DDoS Protection
• Anycast Network
• GeoDNS
• Others

Market Breakup by Deployment Mode

• On-Premise
• Cloud

Market Breakup by Industry Vertical

• BFSI
• Media and Entertainment
• IT and Telecommunication
• Healthcare
• Retail and E-Commerce
• Government
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global domain name system service market. Some of the major players explored in the report by Expert Market Research are as follows:

• GoDaddy Operating Company, LLC.
• Microsoft Corporation
• Amazon.com, Inc.
• Alphabet Inc. (Google, LLC)
• IBM Corporation
• Oracle Corporation
• Cloudflare, Inc.
• Akamai Technologies, Inc.
• TransUnion LLC (Neustar, Inc.)
• CDNetworks Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.