The global domain name system tools market is anticipated to grow at a CAGR of nearly 12.0% during the forecast period (2022-2028). Domain name system is used to convert a domain name into an IP address for a device to connect to and also act as an online phonebook. The major factor expected to drive the market growth is the rising data security concerns in all the data sensitive companies around the world and increasing virtualization in the IT sector. A significant rise in the rise implementation of BYOD policy along with its few features is further accelerating the market growth. It translates more readily memorized domain names to the numerical IP addresses needed for locating and identifying computer services and devices with the underlying network protocols. It is easier for the user to remember a domain name rather than a long-winded IP address. Moreover, the rising cybercrimes or cyber-attacks globally also give a boost to the market as domain name system tools are designed to prevent cyber-attacks by acting as an intermediary between web browser and the websites/content that access online and it also blocks compromised sites, blocks known botnet servers, filter content such as advertisements or adult sites, correct domain typos, and more.
Some major players in the market include Oracle Corp., Microsoft Corp., and Rackspace Technology, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in February 2021, Google LLC unveiled a preview of Cloud Domains, which is a service that will enable customers of Google Cloud to regulate and retain their domain names via the similar infrastructure from which they manage infrastructure-as-a-service. This service could also support enterprises bolster their cybersecurity framework in the process. In addition, in November 2020, Neustar, Inc. announced that the company acquire VeriSign’s recursive public DNS. As per the agreement, the widely used public DNS address became a part of Neustar’s recursive UltraDNS Public service.
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Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Top major key players:
Oracle Corp., Microsoft Corp., and Rackspace Technology, Inc., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
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Global Domain Name System Tools Market Report by Segment
By Type
Managed DNS Services
Standalone DNS Tools
By Application
Small Businesses
Medium-sized Businesses
Large Enterprises
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