Managed DNS Services Market Forecast by Server, Service Providers and Application | Managed DNS Services to Capitalize on a 12% CAGR In the Forecast Period
As per the Market Research Future (MRFR) report, the managed DNS services are critical to browsing, but only a limited number of users are aware of the full extent of their DNS settings. The usage of DNS is practically used as a phone book because it translates the internet domain and host names to internet protocol (IP) addresses and vice versa. Moreover, the DNS is also considered the backbone of the Internet and a vital part of e-commerce and other businesses. The market for managed DNS services is set to expand with a significantly growing CAGR of 11.8% while earning revenues worth USD 2019.07 million by the end of 2027 as compared to the revenues totaling USD 593.85 million in 2016.
The demand observed from larger corporations regarding the usage of DNS to manage their company’s internet is boosting the development of the market considerably. The market share of managed DNS is expected to rise substantially because of the growth in the number home users of managed DNS services. The managed DNS services also enable the maintenance of records by locating IP addresses to specific site names, and data storage which is adding to the demand of the market. The availability of a robust portfolio of services, variable pricing, and deployment models addresses are some of the notable factors that are addressing a wide range of customer needs without drastically impacting operations or sales motions in the global market.
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The escalating implementation of managed DNS services in data centers, and by developers to manage disaster recovery, load-balancing, load-shedding, failover, traffic management functions, etc. is expected to create new opportunities for the managed DNS services market in the forecast period from 2016 to 2027. Furthermore, the technological progress being made worldwide will most likely elevate the growth pace of the managed DNS services market over the forecast period.
The managed DNS services market globally is segmented on the basis of server type, service, application. On the basis of server type, the market for managed DNS services consists of dedicated DNS server, managed DNS server, virtual private DNS server, and shared DNS server. By server segment, the virtual private segment is growing with a revenue value of USD 178.77 million in 2016 and is projected to achieve USD 711.43 million by the end of 2027, and the managed DNS segment is projected to grow with a CAGR of 8.71 percent as the speediest rising server segment. On the basis of service provider, the market is segmented into enterprise service provider and self-service provider. By service provider segment, the enterprises segment is expected to show the highest revenue of USD 1,296.96 million in 2027 as compared to USD 317.39 million in 2016, while rising with a CAGR of 12.3% during the forecast period. On the basis of application, the Managed DNS Services Market is segmented into industries, internet and institutes. By application segment, the industries segment is showing a high revenue level of USD 227.96 million in 2016 and is anticipated to display revenues worth USD 893.15 million by 2027. The internet segment is projected to be the fastest growing segment with the highest CAGR of 12.7% during the forecast period. On the basis of region, the market is segmented into North America, Asia Pacific, Europe, Middle East, and Africa.
Managed DNS Services Market Is Expected To Tap Into Progressive Market Trends Globally
The regional analysis of the managed DNS services covers regions such as North America, Asia Pacific, Europe, Middle East, and Africa. The North American region is dominating the Managed DNS Services Market globally with the principal market share owing to affordable and simple bandwidth and strong connectivity, and consequently accounting for $169.49 million and is likely to expand over $691.24 million in value by 2027. The managed DNS services market in the Asia Pacific market is anticipated to develop at CAGR of 13.0% as compared to $ 128.52 million in 2016 to $562.88 million by 2027. The European market for Managed DNS Services Market is likely to expand at 11.2% CAGR in the forecast period.
The foremost competitors in the managed DNS services market comprise of AWS route 53, Dyn Inc., Neustar, ultraDNS, VeriSign Inc., Cloud flare, DNS made easy, Akamai, Easy DNS, and Cotendo Advanced DNS among others.
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Latest Industry News
Cloudflare revealed the introduction of its 220.127.116.11 DNS resolver in collaboration with APNIC. With the 18.104.22.168 service, Cloudflare is providing a public DNS resolver that is empowered by Cloudflare's global anycast network, which is driven by a set of 149 data centers around the world.
Infoblox Inc., the frontrunner in Secure Cloud-Managed Network Services, announced an innovative program that joins its market-leading DNS, DHCP, and IP address management (DDI) and DNS-based security solutions with a consumption-based pricing model to permit Managed Service Providers (MSPs) to fill a gap in their service portfolio.
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