DNS Security Software worth $3.21 Billion by 2030 –
Globe Newswire – The Insight Partners
The DNS Security Software Market is expected to grow significantly in the coming years.
According to a report, the market was estimated to be worth $1.30 billion in 2022 and is projected to reach $3.21 billion by 2030, with a compound annual growth rate (CAGR) of 11.9% during the period from 2022 to 2030.
The growth of this market is driven by the implementation of comprehensive cybersecurity policies worldwide, the increase in domain name system (DNS)-based attacks, and the rising adoption of cloud-based DNS solutions.
One emerging trend in the industry is the adoption of Domain Name System Security Extensions (DNSSEC), which is a security protocol designed to enhance the authenticity and integrity of DNS data.
DNSSEC provides a higher level of security by digitally signing DNS data, making it more difficult for attackers to hijack DNS lookups for malicious activities.
Many industries and government entities have imposed regulations requiring the implementation of DNSSEC for security and compliance reasons.
DNS security software providers that offer DNSSEC support are well-positioned to fulfill the evolving security needs of organizations and individuals.
In terms of regional analysis, North America leads the global DNS security software market, followed by Europe and the Asia Pacific region.
In North America, the increasing number of Distributed Denial-of-Service (DDoS) attacks is a primary factor driving the adoption of DNS security software.
Telecommunications companies, in particular, have been frequent targets due to their critical role in providing communication and Internet services.
The DNS security software market is segmented based on deployment (on-premise and cloud-based), enterprise size (small and medium enterprises, and large enterprises), and geography.
Leading players in the market include Akamai Technologies Inc., Comodo Security Solutions, Inc., DNSFilter Inc., DomainTools, Efficient IP, OpenText Corporation, and Cisco Systems Inc.
In conclusion, the DNS security software market is expected to grow significantly due to the increasing need for comprehensive cybersecurity measures and the rise in DNS-based attacks.
The adoption of DNSSEC is seen as a key trend in the industry, providing enhanced security and compliance benefits.
Regional variations exist, with North America leading the market.
Link: https://www.globenewswire.com/news-release/2023/10/20/2763993/0/en/DNS-Security-Software-Market-worth-3-21-Billion-by-2030-Exclusive-Report-by-The-Insight-Partners.html