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Home Press Release OpenPR

DNS Service Market Set to Reach USD 1.28 Billion by 2033, Growing at 12.20% CAGR

January 17, 2025
in OpenPR, Web3
Reading Time: 9 mins read
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DNS Service Market

DNS Service Market

The global Domain Name System (DNS) Service Market is poised for substantial growth, with an estimated expansion from USD 455.6 million in 2024 to USD 1.28 billion by 2033, reflecting a compound annual growth rate (CAGR) of 12.20%. Key factors driving this growth include the increased adoption of IPv6 protocols, rising data breaches, and the surging demand for cloud computing solutions.

IPv6 Adoption Fuels Growth

The adoption of IPv6 protocols is a significant growth driver. As the successor to IPv4, IPv6 addresses critical issues such as IP address duplication, security, and reliability. Major organizations have proactively transitioned to IPv6 to address inefficiencies and reduce operational costs. For example, Reliance Jio deployed IPv6 after exhausting its IPv4 address space, with approximately 90% of its LTE clients now using IPv6. Similarly, Verizon Wireless adopted IPv6 to streamline operations, eliminating network inefficiencies caused by the legacy system.

Download Free Exclusive Sample PDF@ https://www.emergenresearch.com/request-sample/3113

Cloud Computing Spurs Market Expansion

The rising use of cloud computing has further accelerated the demand for DNS services. Cloud DNS eliminates the need for organizations to maintain their own DNS servers, offering scalability, cost-efficiency, and enhanced performance. Leading providers like AWS Route 53 have reported annual growth rates of 25% through 2023, driven by businesses migrating applications and services to the cloud. With increasing reliance on digital technologies, cloud-based DNS solutions ensure faster, more reliable user experiences worldwide.

Cybersecurity Concerns Drive Adoption

The growing prevalence of data breaches underscores the importance of secure DNS services. In 2022 alone, approximately 15 million data records were exposed globally due to breaches. This rising threat has pushed businesses to adopt advanced DNS solutions that protect against cyberattacks like DNS tunneling and ransomware. Small and medium-sized enterprises (SMEs), in particular, face heightened vulnerabilities, with 54% of UK-based SMEs experiencing cyberattacks in 2022.

Challenges to Market Growth

Despite the promising outlook, privacy concerns and DNS attacks present notable challenges. DNS systems are primarily governed by ICANN, raising concerns about centralized control and net neutrality. Additionally, DNS attacks, such as address spoofing and phishing, remain critical threats, allowing hackers to redirect users to fraudulent websites or steal sensitive information.

Market Insights by Organization Size

In 2023, large enterprises dominated the DNS service market, driven by their need to counter Distributed Denial of Service (DDoS) attacks. Leading security providers like Akamai Technologies are investing heavily in infrastructure to support enterprise-level protection, such as new cleaning centers in India launched in 2023.

Meanwhile, SMEs are expected to record the fastest growth during the forecast period, fueled by increasing cyber threats. Many small businesses are turning to DNS services as a safeguard against attacks, particularly with the rise of remote work and digital dependency.

Get An Impressive Discount On This Report@ https://www.emergenresearch.com/request-discount/3113

DNS Service Top Companies and Competitive Landscape

The DNS service industry is very competitive, with many major players that provide critical domain name resolution to organisations and individuals. The leading companies in this domain are Comodo Security Solutions, Inc., DigiCert, Inc., Efficient IP, Mission Secure, Inc., and F5, Inc. Such companies provide their clients with managed DNS services, DNS security, and performance optimisation, amongst other services tailored to suit the varied needs of clients.

Thus, these companies will consistently innovate and hone their offerings to keep developing a competitive advantage in the market, always focusing on scalability, speed, and security as the requirements of users evolve for business and personal needs.

In February 2022, Cloudflare bought Vectrix to improve the Cloudflare One Zero Trust platform. Vectrix scans third-party tools such as Google Workspace and GitHub for security flaws. This connection improves application visibility and control, enabling enterprises to manage risks and assure secure operations, thus increasing market security standards.

Some of the key companies in the global DNS Service market include:

Allied Telesis, Inc.

BlueCat Networks

Cisco Systems Inc.

Cloudflare, Inc.

Comodo Security Solutions, Inc.

DigiCert, Inc.

Efficient IP

Mission Secure Inc.

F5, Inc.

IBM Corporation

Infoblox.

Insight

Akamai Technologies

ThreatSTOP

Verigio Inc.

VeriSign Inc.

Acquire the complete research report on the Global Market@ https://www.emergenresearch.com/industry-report/dns-service-market

DNS Service Market Segmentation Analysis

By DNS Server Outlook (Revenue, USD Million; 2024-2033)

Primary DNS Server

Secondary DNS Server

By DNS Service Outlook (Revenue, USD Million; 2024-2033)

Anycast Network

Distributed Denial of Service Protection

GeoDNS

Other DNS Services

By Deployment Type Outlook (Revenue, USD Million; 2024-2033)

Cloud

On-Premises

By Organization Size Outlook (Revenue, USD Million; 2024-2033)

Large Enterprises

Small and Medium-Sized Enterprises

By Industrial Vertical Outlook (Revenue, USD Million; 2024-2033)

BFSI, Financial Services and Insurance

Telecom and IT

Media and Entertainment

Retail and E-commerce

Healthcare

Government

Education

Other

By Regional Outlook (Revenue, USD Million; 2024-2033)

North America

United States

Canada

Mexico

Europe

Germany

France

United Kingdom

Italy

Spain

Benelux

Rest of Europe

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific

Latin America

Brazil

Rest of Latin America

Middle East and Africa

Saudi Arabia

UAE

South Africa

Turkey

Rest of MEA

Look Over transcripts provided by Emergen Research

DNS Service Market Size@ https://www.emergenresearch.com/industry-report/dns-service-market/market-size

DNS Service Market Share@ https://www.emergenresearch.com/industry-report/dns-service-market/market-share

DNS Service Market Trends@ https://www.emergenresearch.com/industry-report/dns-service-market/market-trends

DNS Service Regional Market Demand@ https://www.emergenresearch.com/industry-report/dns-service-market/regional-market-demand

DNS Service Market Analysis@ https://www.emergenresearch.com/industry-report/dns-service-market/market-analysi

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This release was published on openPR.

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