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The Domain Name System (DNS) Tools Market size is estimated to grow at a CAGR of 11.19% between 2022 and 2027. The market size is forecast to increase by USD 1,703.41 million. The market's growth depends on several factors, including enhanced business productivity with effective DNS deployment, the growing use of mobile devices in workplaces, and the increasing focus on the online presence of businesses. A domain name system (DNS) is an extensive system that translates the readable hostnames of an Internet resource into actual IP addresses. DNS provides proper and secure identification of any resource, service, or end-points in a network with the help of public databases of hostnames and IP addresses, along with collaboration with other DNS servers.
This domain name system tools market report extensively covers market segmentation by product (managed DNS service and standalone DNS tool), end-user (large enterprises, and small and medium-sized enterprises), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing focus on the online presence of businesses is driving growth in the domain name system tools market. The growing focus of businesses to improve their online presence, as well as the explosion in e-commerce worldwide, is one of the most important drivers for the world Domain Name System (DNS) Tools Market. Online services are opted for by a significant portion of the global population.
Moreover, as organizations are focusing on implementing suitable and secure online strategies, In order to ensure security against cyber threats, DNS tools are increasingly used in industry and vertical sectors. As a result, the use-case for DNS tools in the threat-enhanced world is expected to increase as more businesses adopt online media, which will also boost the growth of the global domain name system tools market during the forecast period.
The rise of intelligent DNS systems is a key trend in the domain name system tool market. The DNS infrastructure is an essential IT component for the Internet. As more and more customers rely on the Internet to consume services, DNS is a vital asset for the existence of online businesses, as the failure of DNS may lead to the unavailability of websites, applications, and services, leading to user frustration and defamation.
However, intelligent DNS systems determine the best response to any DNS query on the fly based on business policies, network safety, latency, and end-point accessibility. The demand for intelligent DNS systems is due to improved monitoring capabilities, global scalability, and intelligent response systems, and the global domain name system tools market is expected to increase during the forecast period.
The commoditization of DNS solutions is a major challenge faced by the domain name system tool market. The DNS tools are projected to be moderately commoditized in the coming years, as they gradually evolve their features and demand for end consumers increases. This is because DNS is a critical infrastructure for online businesses. Extensive research on DNS has essentially evolved the scope of DNS tools and led to the commoditization of DNS solutions.
As a result, the capabilities of DNS tools are expected to be bundled together with other network security solutions and are offered as a complete end-to-end network management suite by the vendors. With time, it should be expected that DNS tools will become an essential part of comprehensive network security systems. Thus, the commoditization of DNS solutions will hamper the growth of the global domain name system tools market during the forecast period.
The market share growth by the managed DNS Service segment will be significant during the forecast period. Managed DNS service is perceived to be convenient, easy to use, scalable, secure, and cost-effective compared to standalone DNS tools. These managed DNS services may be used by enterprises and industrial sectors with fewer specific requirements. and outsource the organizational DNS management activities to specialized DNS vendors and service providers.
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The managed DNS service segment showed a gradual increase in the market share of USD 1,106.77 million in 2017 and continued to grow by 2021. The adoption rate of this model is expected to rise with technological adoption in developing countries, along with the advent of small companies, SMEs, and start-ups. These small firms have limited needs, and prefer DNS-managed services because they are easy to use, and streamline administration and security. In addition, innovations in data security are eventually expected to drive the adoption of managed DNS services during the forecast period.
The European Union (EU) has defined large enterprises as organizations that have more than 250 employees. Enterprises in Germany, France, the UK, and other European countries are undertaking digital transformation initiatives to align their business models with market requirements. This is creating a demand for IT infrastructures such as hardware, software, and services. In large enterprises, HR processes are not limited to just hiring and recruiting candidates; they also provide candidates with training and development activities to improve performance. In the case of large enterprises, DNS will become increasingly used to handle recruiting and hiring processes because they need a lot of people in order to manage their workload., which will fuel the segment growth during the forecast period. Therefore, the large enterprises segment will grow in the global Domain Name System (DNS) Tools Market during the forecast period.
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APAC is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Another region offering significant growth opportunities to vendors is North America. The region is the major revenue contributor in the global domain name system tools market. The primary reasons for this are the infrastructural maturity in volume, internet penetration, technology adoption, and growing requirements for managed DNS services across its industries. A major percentage of North American businesses are online. This is primarily due to the technological and sectoral maturity of North America, with increasing investments pouring into the sector.
Moreover, the high rate of advanced technology and mobility penetration supports the prosperous growth of the market. The Domain Name System (DNS) Tools Market in North America is finding wide prevalence and acceptance across the region due to rising security concerns. One of the critical factors driving the market is the presence of the top DNS vendors in the region. Due to these factors, North America is expected to remain the most attractive region for the global domain name system tools market during the forecast period.
The COVID-19 outbreak disrupted the global supply chain and impacted the revenue of several SMEs in the region in 2020. However, the pandemic led to the increasing adoption of technologies such as cloud-based systems, AI, machine learning (ML), and augmented and virtual reality due to the rise of the remote workforce. This led to the growing demand for DNS tools which allow domain names to be managed securely and effectively while providing a higher level of security and control over associated domains, and further enhancing the remote workflow process. Such factors are thereby expected to fuel the growth of the domain name system tools market in North America during the forecast period.
The Domain Name System Tools Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Domain Name System Tools Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Akamai Technologies Inc. - The company offers domain name system tools that enable the use of a logical nameserver, on multiple physical servers deployed worldwide.
CentralNic Group PLC - The company offers domain name system tools such as flexible hosting packages for domains starting with .com, .net, .org, and .online, through its subsidiary called Moniker.
Check Point Software Technologies Ltd. - The company offers domain name system tools such as four DNS servers, namely, DNS recursor, root namesaver, authoritative nameserver, and TDL namesaver.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The domain name system tools market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Domain Name System Tools Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.19% |
Market growth 2023-2027 |
USD 1,703.41 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.84 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 37% |
Key countries |
US, Canada, China, India, and the UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Akamai Technologies Inc., CentralNic Group PLC, Check Point Software Technologies Ltd., Clarivate PLC, Cloudflare Inc., The Corporation Service Co., DigiCert Inc., easyDNS Technologies Inc., GoDaddy Inc., HostDime Global Corp., Microsoft Corp., Newfold Digital Inc., Nexcess.Net LLC, Oracle Corp., Rackspace Technology Inc., SolarWinds Corp., Tencent Holdings Ltd., TransUnion, VeriSign Inc., and Namecheap Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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