Managed Domain Name System (DNS) Services Market Report Overview
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The global managed domain name system (DNS) services market size was USD 346.88 million in 2021, as per our research, the market is expected to reach USD 1,887.68 million in 2031, exhibiting a CAGR of 17.39% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the managed domain name system (DNS) services market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
For its clients and consumers, a managed domain name system (DNS) services assigns authoritative servers and transforms IP (Internet Protocol) numbers into understandable domains, such as hotelplanner.com. It would have been difficult to remember website IP addresses in the absence of DNS services. DNS servers eliminate the need to know different IP addresses or more complex alphanumeric addresses. The global population's internet connectivity increased from 46.4% in December 2015 to 64.2% in December 2020. Despite the fact that a DNS service has no direct effect on internet speed, it can affect how quickly a specific webpage loads in a web browser. Additionally, the managed DNS load balancing solution aids in dividing the burden of a web access request among numerous servers, accelerating response times and averting any potential income losses brought on by sluggish page loads.
Growing need for quick page loads due to an increase in online traffic is propelling the market's expansion. Additionally, rising DDoS attacks, data traffic, shifting commercial patterns, and people choosing managed domain name system (DNS) services. For businesses to fulfill the rising need for tech-savvy customers, the website's accessibility is crucial. Due to the widespread use of the internet and the penetration of mobile customers, the DNS services business appears to be profitable in the next few years.
COVID-19 Impact: Increase of People’s Reliance on Internet Enterprises during the Pandemic Piloted the Demand for Managed Services
The COVID-19 epidemic has had an impact on every aspect of society, including people and corporations. In every corner of the world, the internet ecosystem has proven crucial. The COVID-19 pandemic has greatly increased people's reliance on internet enterprises. Among the industries using the internet to offer essential services to customers are BAFI, retail, healthcare, education, and the government. DNS traffic grew by 200 percent between January 2020 and May 2020, according to Akamai statistics.
Latest Trends
"Partnership Agreement Between Firms to Provide Customers with Better Internet Experience"
In order to better serve their customers, major industry participants are concentrating on collaboration strategies. As an illustration, the domain registration service provider NameSilo Technologies Corporation announced in December 2019 that it has partnered with NuSEC. According to this agreement, domain name resolution services will be offered to customers to resolve their DNS requests over a global network of redundant DNS servers, resulting in a wiser, secure, and speedier internet experience.
Managed Domain Name System (DNS) Services Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Cloud Based and On-Premises
- By Application Analysis
Based on application, the market can be divided into BFSI, Retail and Ecommerce, Media and Entertainment, Healthcare, Software and Technology, Government, Education and Others
Driving Factors
"Growing Utilization of DNS in the Education Segment is Aiding in Expanding the Market Tremendously "
In terms of funding and the quantity of institutions offering different types of instruction, the education vertical is thriving. The global administration of network configurations is necessary for this vertical. DNS enables users to implement compliance standards that restrict access to harmful websites and material, including libraries and educational institutions. Content and safe infrastructure are delivered through managed domain name system (DNS) services. DNS server disruptions may interfere with class meetings in some institutions' online classrooms. A significant portion of the managed domain name system (DNS) services market growth in the educational vertical is anticipated to be driven by the increasing number of online educational institutions and improvements in the educational system.
"Utilization of Web Apps by Businesses to Attract Larger Audiences and Satisfy their Business Requirements"
Web apps today enable company operations to run much more smoothly and quickly, allowing organizations to expand rapidly and achieve their goals more quickly. Organizations can target and attract a large audience and customer base using such multidimensional web-based solutions. As a result, businesses are quickly developing web applications with developers' assistance to satisfy their business needs. Web apps enable them to interact with many clients, respond to their inquiries, and serve their current clientele. Further, the global adoption of the internet is being driven by developments in the telecom industry.
Restraining Factors
"DNS Server Outrage could Significantly Affect Company’s Income and User Experience"
Websites are being hosted by organizations more frequently to communicate with consumers, clients, and partners. As a result, DNS is important to corporate operations. To ensure greater website speed and a better customer experience, organizations prefer managed DNS services. Running their DNS servers efficiently with a 100% SLA is crucial for managed domain name system (DNS) services providers. Situations like websites that don't reply because of DNS disruptions would significantly affect a company's income. For instance, businesses like Walmart and Amazon cannot tolerate DNS outrages amid sale periods. DNS violations significantly harm both the user experience and the accessibility of applications.
Managed Domain Name System (DNS) Services Market Regional Insights
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"North America held the Largest Share due to the Presence of Major Service Providers and Region’s High Internet Penetration"
In 2020, North America held a disproportionately large portion of the global managed domain name system (DNS) services market share. This trend can be linked to the region's concentration of top managed services providers like GoDaddy Inc., Microsoft Corporation, and others. Additionally, the market growth is being supported by the region's fast broadband penetration and adoption of IoT.
Due to the increasing use of managed services by SMEs for their own websites, the managed DNS service sector in Europe contributed the second-largest revenue share to the global market in 2020. Additionally, the expansion of the retail, banking, and financial services, as well as the IT and telecommunications sectors, is boosting market growth in the area.
Key Industry Players
"Major Players are Focused on R&D Projects and Activities Aimed at Creating New Effective Products and Technologies"
The global market for managed domain name system (DNS) services is only slightly fragmented, with a large portion of the market's revenue coming from a small number of medium-sized and small-sized businesses. Major businesses have well-established facilities, participate in strategic alliances, mergers, and acquisitions, as well as numerous research and development projects and activities aimed at creating and implementing new and more effective products and technologies in the managed services industry.
List of Market Players Profiled
- Microsoft (U.S.)
- Akamai (U.S.)
- Neustar (U.S.)
- NS1 (U.S.)
- CDNetworks (South Korea)
- DNS Made Easy (U.S.)
- Oracle (U.S.)
- Cloudflare (U.S.)
- Google (U.S.)
- easyDNS (Canada)
- No-IP (U.S.)
- CloudfloorDNS (U.S.)
- AWS (U.S.)
- GoDaddy (U.S.)
- ClouDNS (Bulgaria)
- DNSimple (U.S.)
- Netriplex (U.S.)
Report Coverage
This report covers the managed domain name system (DNS) services market. The CAGR expected to be in during the forecast period, and also the USD value in 202 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 346.88 Million in 2021 |
Market Size Value By |
US$ 1 Million by 2031 |
Growth Rate |
CAGR of 17.39% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the global managed domain name system (DNS) services market expected to touch by 2031?
The global managed domain name system (DNS) services market is expected to touch USD 1,887.68 million in 2031.
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What CAGR is the managed domain name system (DNS) services market expected to exhibit during 2022-2031?
The managed domain name system (DNS) services market is expected to exhibit a CAGR of 17.39% over 2022-2031.
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Which are the driving factors of the managed domain name system (DNS) services market?
Growing utilization of DNS in the education segment is aiding in expanding the market tremendously and utilization of web apps by businesses to attract larger audiences and satisfy their business requirements are the driving factors of the managed domain name system (DNS) services market.
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Which are the top companies operating in the managed domain name system (DNS) services market?
Microsoft, Akamai, Neustar, NS1 and CDNetworks are the top companies operating in the managed domain name system (DNS) services market.