According to Future Market Insights, the demand registered in DNS security market will increase at a compound annual growth rate (CAGR) of around 8.4% from 2023-2033.
According to FMI, the market for DNS security will expand in the upcoming years due to the growing requirement to secure enterprise networks from serious cyberattacks.
Software for DNS security in the cloud assists enterprises in increasing network effectiveness at a low cost. Along with excellent network protection against cyberattacks, like malware, phishing assaults, advanced persistent threats, DDoS attacks, and others, it also offers global performance and scalability.
The companies can quickly configure Domain Name Systems Security Extensions (DNSSEC), which offers a digital form of DNS record verification and helps to protect against DNS-based security risks with the aid of cloud-based DNS security software.
Key Takeaways
- By deployment mode, the cloud-based DNS security software market is growing dominantly with a CAGR of around 9.8% between 2022 and 2032.
- By enterprise size, demand for DNS security software from small and medium enterprises (SMEs) is estimated to be growing at a higher rate than large enterprises.
- By industry, the banking, financial services, and insurance (BFSI) industry is showing the highest growth with a dominant market share by 2032. However, the health care industry is projected to display a significant growth of around 10.9% between 2022 and 2032.
- Based on region, the North America DNS security market in 2021 was holding the highest market share of around 29.9%, whereas the South Asia and Pacific region is estimated to grow at a CAGR of around 10.8% in the forecast period.
“In recent years, there have been increasing network threats on large corporations, government organizations, and critical infrastructure,” said an FMI analyst. “This has raised the concerns to protect IT networks against such advanced attacks, which is expected to drive the demand for DNS-based security solutions.”
For business continuity reasons, several organizations have adopted the work-from-home culture. Numerous employees are working from home and using laptops and personal devices to access organizations’ networks that contain sensitive and important data. This has created a need to protect enterprise networks against firewall intrusions and leaks of critical business data. DNS security allows productivity network operations, such as a file or data sharing, emailing, and web browsing, to be performed with protecting the company’s networks from DNS cyberattacks and threats. In addition, it provides real-time protection against all types of DNS attacks and cyberattacks, including DDoS attacks. Hence, to protect networks while remote working, there is a need for high adoption of DNS security solutions.
