The need to lessen the complication of preserving and controlling data traffic is likely to drive the managed DNS service market 2020. The services reports are made by Market Research Future, which includes market possibilities for advancement. An 11.3% CAGR is estimated to promote revenue to reach with USD 190.2 million in 2025.
The mounting amount of distributed denials of service (DDoS) attacks is one of the serious factors for the implementation of managed DNS services, and this is estimated to bolster the overall market in the coming period. Furthermore, the availability of high-speed data services is further estimated to enrich the Managed DNS Service Market Analysis companies take in the imminent forecast period.
Market Segmentation
The managed DNS service industry has been extensively studied in the report, taking in account the primary segments of service type, organization size and end-user.
Depending on the service type, the managed DNS service market can be considered for DDos protected DNS, GeoDNS and premium/advance DNS. DDoS protected DNS can be the fastest-advancing segment, with the rising demand in mid-sized as well as large enterprises. Given the rising number of DDoS attacks, more and more enterprises are opting for advanced managed DNS services.
With respect to the organization size, the market segments are large enterprises as well as small & medium enterprises. These services have gained the favor of small & medium-sized enterprises in recent years, owing to their cost-effectiveness coupled with comprehensiveness, among other things.
The main end-users that have been highlighted in the report are education, E-commerce, retail and consumer goods, healthcare, media & entertainment, government, banking, financial services and insurance (BFSI), and others. All these end-users are increasingly using managed DNS services for efficiently managing DNS, preventing the need for extra investment.
Market Scope
Market Research Future (MRFR) anticipates that the global managed DNS service market 2020 can likely progress at a robust pace of 11.3% from 2018 to 2025 (evaluation period). It is also presumed that the market could reach a valuation of USD 190.2 million by 2025, maintaining its growth rate owing to favorable factors.
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Top Boosters and Main Barriers
Managed DNS services provide web-based control panels as well as software, helping users to manage DNS traffic through certain server protocols including SMTP authentication, Geo DNS and IP address. The surge in technological advancements has led to several developments and innovations in the DNS environment. These advancements have also propagated new application areas for DNS service management like institutes, web service providers and industries.
The managed DNS service market benefit largely from the positive changes in the converged cloud infrastructure and the cheaper priced deployment of cloud infrastructure. Massive investments by various e-commerce industries can be some of the managed DNS services market trends that can lead to better business prospects. Also, rapid industrial expansion and the emergence of advanced managed DNS services in developing nations can be attractive opportunities in the market during the evaluation period.
The boost in the number of distributed denials of service or DDoS attacks and the mounting need to curb them are some of the prime growth boosters in the managed DNS service market. An additional aspect boosting the uptake of managed DNS services among enterprises is their affordability. Leading providers in the market offer low priced managed DNS services, resulting in higher demand in small and mid-sized enterprises who are striving to manage their DNS at no additional cost.
Competitive Analysis
The market is estimated to be energized by the incentives offered by the governments and the initiatives taken to spur the global market. The trade blockades are, however, estimated to slow down the momentum that could be attained by the market. The companies in the market are estimated to solely focus on getting their growth paths back on track to maximize the opportunities that may arise. The reinforcement of the distribution channels is estimated to further place the market in the right place for the future. The emphasis on marketing strategies is estimated to decline due to the focus being placed on cost optimization. The contender's progress in the market is estimated to be bolstered by the innovations that are being undertaken to enhance the core product offering in the upcoming period.
The strategic contenders in the managed DNS service market are ClouDNS, Neustar, Inc., Google Inc., EasyDNS Technologies Inc., Namecheap.com, CDNetworks Inc., VeriSign, Inc., No-IP.com, Cloudflare, Inc., Amazon Web Services, Inc., Rackspace US, Inc., Contegix, Akamai Technologies, Netlify, Microtech USA, LLC, Oracle Corporation (Dyn), and ThousandEyes, Inc.
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Managed DNS Services Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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