DNS Security Software Market REPORT OVERVIEW
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The global DNS security software market size was USD 995.8 million in 2021 and is projected to touch USD 2377.86 million by 2031, exhibiting a CAGR of 9.1% during the forecast period.
DNS security software refers to the security associated with the systems that turn domain names into IP addresses. It is a decentralized and hierarchical system that is used to identify the computers that are reachable through the internet. Security of domain naming system is a suite of extensions for secured data exchanged in the DNS. It enables the protection of both home and commercial networks.
Rising use of DNS security software is propelled by high usage of web applications and mobile devices which is expected to increase the market growth. Increasing concerns to protect sensitive data and requirements for data protection against malware are anticipated to drive DNS security software market growth. Increasing penetration and application of domain name system platforms in various domains is expected to drive service demand. Increasing number of e-commerce channels and businesses is projected to drive market size.
COVID-19 Impact: Need for a Secure Management of Data Supported Market Growth
The effects of the COVID-19 pandemic are already being felt on a global level, the DNS security software market was considerably influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. The pandemic led to the shift of businesses to change to online mode due to loads of data to get uploaded in on cloud. Secure management of important information propelled the demand for security software for DNS. Pandemic had a positive impact on the domain name system service demand as many new startups were also started which required domain names and a system that provides security for that domain. It proved to be a propeller for DNS firewall deployment as various DNS attacks were surging which led to increase in security needs.
LATEST TRENDS
"Progressions in Security of Domain Name System to Enhance Market Growth"
The global DNS security software market growth is estimated to increase owing to progressions in security of DNS. As DNS has been playing one of the central roles in operation of the internet, DNS is prone to malware and cyberattacks. DNS security extensions is a method that allows communication at various levels that requires DNS lookups to be secure. It acts as security mechanisms for DNS systems. Rise in the adoption of cloud-based DNS services requires advanced and progressive security systems and software that can protect users and domains from cyberattacks. Such introduction and progressions in security systems for DNS is estimated to fuel rewarding prospects for market growth during the forecast period.
DNS Security Software Market SEGMENTATION
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- By Type
Based on type; the market is divided into outbound DNS and inbound DNS.
Outbound DNS is expected to be the leading part of the type segment.
- By Application
Based on application; the market is divided into large enterprises and SMEs.
Large enterprises are expected to be the leading part of the application segment.
DRIVING FACTORS
"Increasing Cases of DNS Hijacking to Amplify Market Growth "
Rising adoption of cases of DNS hijacking is expected to facilitate market DNS security software growth. It helps in protecting commercial and home networks. It provides content filtering, malware and phishing blocking, advertisement blocking, improved speed, and protection against botnets. They filter which block certain sites and unsolicited content. This reduces the chances of malicious attacks on users. Phishing blocks out sites that have potential to be malicious content such as scams and viruses. Some advertisements are aimed to collect information from users and can damage the performance of the system. DNS helps in all such hijacking. Thus, DNS security software helps in such attacks which is expected to fuel market growth.
"Rising in Cloud-Based DNS Services to Fuel Market Expansion"
Evolution of cloud-based DNS services is anticipated to create demand for the services. Cloud computing is expected to create potential opportunities for the market. Various benefits such as accessibility, flexibility, affordability, and scalability have increased the adoption of cloud-based DNS services. Majority of small and medium businesses have been switching to cloud-computing. Cloud-computing can be more prone to cyberattacks. It is expected to create more demand for security systems and increase the sales of security software.
RESTRAINING FACTORS
"Lack of Skilled Manpower to Impede Market Development"
There are a number of factors that can boost the growth of the DNS security software market. Lack of skilled manpower. Presence of DNS security can still lead to cyberattacks and malicious attacks. Rising cases of breaches across the cloud platforms can impede market growth. Attackers have been using tunneling toolkits and DNS exfiltration that are not able to track or detect by normal firewall. Such growing cases of cybercrimes and threats are expected to decrease market growth and act as restraint.
DNS Security Software Market REGIONAL INSIGHTS
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"Adoption of Advanced Cybersecurity Solutions in North America to Drive Market Share"
North America to have a governing part in the global DNS security software market share owing to the adoption of cybersecurity solutions. Adoption of cybersecurity solutions across various sectors such as media, gaming, and IT & telecom is expected to drive the market growth. Progressive demand for and adoption of DNS security solutions among various domains such as media, IT, and BFSI is anticipated to drive market share. Rise in the requirements for protection against malware and intrusions is expected to drive the market share. Additionally, increasing adoption of IoT makes websites more vulnerable to malicious cyberattacks. Presence of the majority of market players in the region is also expected to support the market share and growth. Growth in virtualization in various countries of the region is expected to boost the region’s growth during the forecast period.
KEY INDUSTRY PLAYERS
"Market Players to Boost Market Growth"
The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Cisco (U.S.)
- Webroot (U.S.)
- TitanHQ (Ireland)
- DNSFilter (U.S.)
- MXToolBox (U.S.)
- Akamai (U.S.)
- Infoblox (U.S.)
- Comodo (U.S.)
- F5 Networks (U.S.)
- EfficientIP (U.S.)
- Bluecat (Canada)
- Neustar (U.S.)
- CSIS Security Group (Denmark)
- OpenText (Webroot) (U.S.)
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 995.8 Million in 2021 |
Market Size Value By |
US$ 2377.86 Million by 2031 |
Growth Rate |
CAGR of 9.1% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the DNS security software market expected to touch by 2031?
The global DNS security software market is expected to reach USD 2377.86 million by 2031.
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What CAGR is the DNS security software market expected to exhibit by 2031?
The DNS security software market is expected to exhibit a CAGR of 9.1% by 2031.
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Which are the driving factors of the DNS security software market?
Drivers of this DNS security software market are increasing cases of DNS hijacking and rising in cloud-based DNS services.
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Which are the top companies operating in the DNS security software market?
Cisco, Webroot, TitanHQ, DNSFilter, MXToolBox, Akamai, Infoblox, Comodo, F5 Networks, EfficientIP, Bluecat, Neustar, CSIS Security Group, and OpenText (Webroot) are key companies operating in the DNS security software market.