DNS Services Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of DNS Services Market
The DNS services market size was valued at USD 424.6 million in 2023, and the market is now projected to grow from USD 500.7 million in 2024 to USD 1698.0 million by 2032, exhibiting a CAGR of 19.1% during the forecast period of 2024-2032.
The COVID-19 pandemic brought about enormous marketplace losses in most industries, but elevated call for high-pace data processing and big data in numerous verticals. Lockdowns improved offerings, impacting DNS traffic activity, presenting opportunities to increase international demand for DNS. This scenario furnished several opportunities for the market.
The market growth is pushed through the growing use of cloud computing, especially in DNS, a disbursed database that shops and searches IP addresses and other records with the aid of demand. Cloud-based DNS removes the need for committed servers and gives both non-public and public DNS zones. Service carriers use massive anycast networks with a couple of points of presence to accelerate DNS resolution, making sure steady user revel in. Enterprises are transferring applications and workloads to the cloud for benefits like balance, scalability, faster time to marketplace, price performance, and resilient architectures.
The DNS services market growth is driven with the aid of the growing adoption of these services by using small and medium-sized organizations. SMEs are making an investment in enhancing community overall performance, and the superiority of controlled DNS services is predicted to continue. These carriers provide low priced DNS control, allowing those companies to control their DNS without extra charges.
Comprehensive Analysis of DNS Services Market
The DNS market in 2022 is divided into primary and secondary DNS segments, with primary DNS servers managing authoritative DNS zones and secondary DNS providing backup. The market is categorized into SMEs and large enterprises, with large enterprises holding a major market share due to DDoS attacks. Small and medium enterprises (SMEs) are expected to grow at the highest CAGR due to increased vulnerability to cyberattacks, such as DNS tunneling and ransomware. The market is categorized into BFSI, IT & telecom, healthcare, retail & e-commerce, education, and others (travel & transportation). BFSI holds the maximum DNS services market share in 2022, dealing with financial data. Healthcare is expected to grow at the highest CAGR in the upcoming years, with DNS security playing a crucial role in ensuring the security of healthcare services. DNS Security Extensions (DNSSEC) contribute to industry growth.
The North America region lead the DNS services market share by benefitting a market size of USD 159.8 million in 2023 due to extended call for, cost-effectiveness, converged infrastructure improvement, and opposition among community vendors. DigiCert, Inc. Received DNS Made Easy in June 2022, enhancing certificate validation safety, automating validation, and paving the way for certificates lifecycle management automation. This acquisition demonstrates the developing significance of North America in the DNS community enterprise.
The global marketplace is a vibrant startup environment, with over 100 startups anticipated to broaden and innovate DNS services. This fragmented marketplace can cause extended competition as existing organizations constantly enhance their merchandise. Key groups profiled consist of IBM, Oracle, Cloudflare, Amazon Web Services, Microsoft, Digicert, Akamai Technologies, Allied Telesis, Efficient IP, and BlueCat Networks.
IBM introduced NSI Connect in September 2023, enhancing its DNS capabilities with stability and security improvements.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Growth Rate CAGR of 19.1% from 2023 to 2030
Unit Value (USD Million)
Segmentation By Type
Primary
Secondary
By Enterprise Type
SMEs
Large Enterprises
By Industry
BFSI
IT & Telecom
Healthcare
Retail & E-Commerce
Education
Others (Travel & Transportation)
By Region
North America (By Type, Enterprise Type, Industry, and Country)
U.S.
Canada
Mexico
South America (By Type, Enterprise Type, Industry, and Country)
Brazil
Argentina
Rest of South America
Europe (By Type, Enterprise Type, Industry, and Country)
U.K.
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe
Middle East & Africa (By Type, Enterprise Type, Industry, and Country)
Turkey
Israel
GCC
North Africa
South Africa
Rest of the Middle East & Africa
Asia Pacific (By Type, Enterprise Type, Industry, and Country)
China
Japan
India
South Korea
ASEAN
Oceania
Rest of Asia Pacific
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