NEW YORK, US, July 27, 2021 (Globe Newswire) – Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “worldwide Managed DNS Service Market Information by standards types, by components, by application and region – projected to 2027The market size will grow by 190.2 million US dollars in 2025 at a compound annual growth rate of 11.3%.
Managed DNS service solutions have transformed business operations with fast, integrated intelligence. As organizations go through digital transformation, such as adopting and making use of various new types and forms of data, the market is gaining great traction that is seeing great demand.
The increasing adoption of managed DNS service technology in various sectors such as BFSI, media and entertainment, healthcare, retail and consumer goods, government, education, and e-commerce is fueling market growth. Another factor driving the managed DNS industry is the growing threat of cyber attacks.
Mature service providers operating in the managed DNS space have helped network operators provide advanced managed DNS services, fueling market growth across the globe. Many countries in the European and North American regions have introduced policies to provide high-speed data services to network operators. These, as a result, are driving the growth of the managed DNS service market.
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The major players dominating in the Managed DNS Service Covered market are:
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The rise in DDoS attacks presents great opportunities
The managed DNS service market is growing at a rapid pace. Managed DNS services reduce the complexity of maintaining and controlling traffic. The market growth is attributed to the demand for an easy and secure cloud environment for data transmission. Besides, developing economies, demand for risk-free data center infrastructure and growing government concerns about data security are boosting the managed DNS service market size. Increasing adoption of managed DNS services across various sectors is positively impacting market growth. Therefore, the market is gaining tremendous attractiveness all over the world.
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Market segmentation covered by the research:
Managed DNS service expectations are broken down by service type, organization size, industry sector, and region.
The Service Type section is subdivided into Premium/Advanced DNS, DDos Protected DNS and GeoDNS. Among these, DDoS-protected DNS accounts for one of the fastest growing segments among medium and large-sized businesses. The segment’s growth is attributed to increasing DDoS attacks, which is causing companies to adopt DDoS-protected DNS.
The enterprise size segment is divided into small, medium and large sized enterprises. Among these, small and medium-sized businesses represent the fastest growing sector due to the rapid adoption of managed DNS services for their cost-effectiveness and comprehensiveness.
The vertical sector of the industry is further sub-segmented into BFSI, media and entertainment, healthcare, retail and consumer goods, government, education, and e-commerce, among others. It is seen that the deployment of managed DNS service is high in all these industry sectors to manage DNS, without any additional investment in efficiency.
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North America dominates the global managed DNS service market. The largest market share is attributed to the strong presence of prominent managed DNS service providers that provide services to local and international clients.
The region’s leading players, including Neustar, Inc. and Cloudflare, Inc. and Amazon Web Services, Inc. and Google Inc. Among others, protection against DDoS attacks, relay services, DNS failover services, location-based routing, and zone-based routing. The managed DNS market in North America is expected to continue to dominate throughout the forecast period.
Europe ranks second globally in terms of managed DNS service market revenue. The growth of the market is being fueled by the increase in the number of small and medium-sized companies taking advantage of various managed DNS services. Rapid adoption of managed DNS services in SMEs in the ICT, retail and BFSI industry sectors is increasing the market share of the region. In addition, a catalytic rise in the banking, financial and healthcare sectors is boosting the market size of managed DNS services in the region.
The Asia Pacific region is witnessing a catalytic rise in the market value of managed DNS. Factors such as the booming manufacturing and BFSI sectors in the region are boosting the managed DNS services industry in the region. Increasing investments in the development of network technology initiatives taken to promote digitization are the main trends in the managed DNS services market. The APAC-operated DNS service market is expected to grow at the highest compound annual growth rate (CAGR) during the evaluation period.
Impact of COVID-19 on the Global Managed DNS Service Market
The COVID-19 crises around the world have significantly impacted the managed DNS service market. The pandemic has caused significant revenue losses for most industries. However, the need to process fast data and big data across various sectors has increased exponentially.
Lockdowns in countries around the world have led to an increase in DNS activity, and various events, such as the daily broadcast of the state of the pandemic, map directly to DNS traffic activity. This scenario presented many opportunities to the market which increased the demand for managed DNS service technology globally. The managed DNS service market is expected to grow significantly during the evaluation period.
The increasing adoption of managed DNS services across small, medium and large enterprises is driving the growth of the market. Increased investments to develop new methods that can significantly increase the strength of networks contribute to the growth of the market. Moreover, increasing application areas and broad uptake of the managed DNS service would support market growth throughout the evaluation period.
The rising number of Distributed Denial of Service (DDoS) attacks are critical driving forces behind the adoption of managed DNS services. Telecom providers and cloud hosting providers are usually targeted for DDoS attacks. During the first quarter of 2018, the average number of attacks increased, and attackers are finding new ways to amplify the impact now.
Managed DNS service providers offer DNS management at a very affordable price, helping small and medium-sized enterprises manage DNS without incurring additional cost. Therefore, the organization is moving towards managed DNS services as it provides affordable DNS management.
The managed DNS service market is destined to witness several strategic partnerships, along with other strategic initiatives such as expansion, collaboration, mergers and acquisitions, product launches and technology. The industry’s leading players are making strategic investments in research and development activities and furthering their expansion plans.
For example, recently, on November 3, 2020, Neustar, Inc. , a US technology company, announced its acquisition of Verisign’s Recursive Public DNS Service, placing the widely used address 188.8.131.52 within Neustar’s Recursive Public UltraDNS service. The addition of Verisign Public DNS increases Neustar’s ability to provide world-class security services that customers can rely on.
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