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"Global Managed DNS Services Market was Valued at US$ 70.158 Bn in 2019 and it is Expected to Reach More than US$ XX Bn by 2028, Likely to Grow with the CAGR of 9.23% During the Forecast Period.”
DNS is the domain name system, which is primary element of modern internet communication. It allows us to reference computer by names instead of IP addresses. Through a combination of redundancy, delegation and caching a client can obtained the accurate address of any system's servers or web site by interrogating a complex network of computers for a simple name.
Increasing number of DDoS (distributed denial-of-service) attacks is one of the key growth drivers for the market. Also, growing demand for traffic management from the mercantilism sector and optimizing the computing device accessibility in enterprises to contour traffic management is boosting the managed DNS services market.
Increasing managed DNS service provider and rising IT sector in developing as well as developed countries are anticipated to increase the managed DNS services market over the forecast period. Furthermore, lack of skilled labour and complex structure is hampering the market. Additionally, deficient distribution channels of the services will impact the development of the managed DNS market.
By Server type, primary DNS are expected to account for major share of Global Managed DNS Services Market
Primary DNS accounted for a significant share of in the Global Managed DNS Services Market in 2018. In the managed DNS services market, the primary DNS server segment is anticipated to hold a larger market size than the secondary DNS server during the forecast period. A primary DNS server is the first point of contact for a browser, devices or application that needs to translate a human readable host-name into an IP address. If the primary DNS server is inaccessible, the device link to secondary DNS server. Hence, there would be a high demand for primary DNS server in terms of adoption by enterprises.
By Deployment Type, Cloud Based is expected to Expand at a Highest CAGR in the Global Managed DNS Services Market.
Managed DNS services are speedily deployed by enterprises to take care of DNS infrastructure. A cloud-based DNS will deliver even higher results than regular DNS infrastructure. A majority of managed DNS service supplier’s area unit giving cloud-based DNS services for consumers. throughout the previous couple of years, the cloud deployment mode has witnessed a bigger demand, because it offers many edges, as well as the pay-per-use model, higher flexibility, speedy accessibility, and low installation and maintenance prices. Manufacturers are investing in R&D and continue to maintain their focus on this category.
Growth prospects of Managed DNS Services are high in North America
North America is anticipated to hold the largest market share in the global managed DNS services market in 2018 and was followed by Europe. This is due to increase in adoption of DNS services by major industry verticals, such as telecom, media and entertainment, banking, financial services, and insurance (BFSI), government, and health-care.
The presence of many managed DNS service provider that offer their services to local as well as international clients. The leading players such as Cloudflare, Inc., Google Inc., Neustar, Inc., and Amazon Web Services, among others. However, the Asia-Pacific region is expected to grow at the highest Compound annual Growth Rate during the forecast period in the market. This is because of the presence of diverse internet subscribers in many of the Asia-Pacific countries, advancement of industry verticals, and the increasing deployment of data Center and cloud infrastructure in this region.
The Global Managed DNS Services Market is very competitive with the presence of a large number of global and local/regional manufacturers. In 2019, Neustar®, Inc., a trusted, neutral provider of real-time information services, announced that the U.S. Department of Commerce National Telecommunications and Information Administration (NTIA) has awarded the company the contract bridge to continue operating the .US Top Level Domain (.US), the official country code domain of the United States, for up to 10 years, until 2029.
Key manufacturers such as Cloudflare, AWS, VeriSign, Oracle, Akamai Technologies, Google, IBM, NS1, Microsoft, Neustar, CDNetworks, and DNS Made Easy account for significant market share in the global managed DNS services market. In the current scenario, Europe and Asia Pacific are projected to account for more than half of the market share of the global managed DNS services market due to higher DNS services demand in these regions.
Managed DNS Services Market Segmentation:
By DNS Server
- Primary DNS server
- Secondary DNS server
By Deployment Type
By Organization Size
- Large Enterprises
By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Media and Entertainment
- Retail and eCommerce
- Telecom and Information Technology (IT)
- Others (Manufacturing and Automotive, Logistics and Transportation, etc.,)
- North America
- Asia- Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America