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DNS Security Software Market Size, $ 2,314.56 Million by 2028 Led by On-Premises Deployment, 9.8% CAGR - Exclusive Research Report by The Insight Partners

08-30-2022 07:21 PM CET | IT, New Media & Software

Press release from: The Insight Partners

"DNS Security Software Market" study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

The DNS security software market is expected to grow from US$ 1,200.41 million in 2021 to US$ 2,314.56 million by 2028; it is estimated to grow at a CAGR of 9.8% during 2021 to 2028.

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DNS (domain name system) security software offerings help overcome challenges such as spoofing/cache poisoning, tunneling, hijacking, phantom domain attack, random subdomain attack, domain lock-up attack, and botnet-based customer premise equipment (CPE) attack. With DNS security software, organizations can block or redirect DNS requests to identify malicious domains and alert users visiting dangerous sites or upon possible malware attacks by communicating with operators. According to the Global DNS Threat report by EfficientIP, India witnessed the highest number of DNS attacks in 2021. Moreover, globally ~87% of organizations experienced DNS attacks, and the average cost incurred by each attack was ~US$ 950,000, according to the Global DNS Threat report. As per the Global DNS Threat report, organizations across industries suffered an average of 7.6 attacks in the past year 2020. Asia recorded a 15% increase in DNS attacks over the past year, which incurred a cost of US$ 908,140, i.e., up from US$ 792,840 cost incurred in 2020. Further, the same report by EfficientIP states that Malaysia (78% rise), Spain (36% surge), and France (25% increase) are a few of the countries that witnessed a rise in damages caused by DNS attacks.

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DNS monitoring allows organizations to inspect e-mail traffic and request access from several websites in order to determine their data safety. Moreover, the use of DNS for data exfiltration via DNS tunneling can be detected and blocked by an intrusion prevention system integrated into the next-generation firewall. This helps in blocking e-mails possibly containing malware and prevents users from visiting websites that may be malicious. Several DNS security software developers offering DNS monitoring facilities are Mimecast, Check Point Software Technologies Ltd., Comodo Security Solutions Inc., DNSFilter Inc., and DomainTools. Thus, with the surge in DNS attacks, the adoption of DNS security software has increased.

Impact of COVID-19 Pandemic on Global DNS Security Software Market
The tremendous spread of SARS-CoV-2 urged governments of different countries to impose strict restrictions on the movement of vehicles and humans. The consequent travel bans, mass lockdowns, and business shutdowns enacted by governments affected economies and industries in various countries, especially in 2020. The lockdown imposition also resulted in the reduced production of commodities, goods, and services.

On the contrary, the COVID-19 pandemic contributed to the growth of the DNS security software market in 2020 as millions of employees were asked to work remotely by their companies for the first time in history. As employees accessed corporate systems via less-secure home and public Wi-Fi networks, the remote working practices led to a rapid increase in queries for DNS, which further resulted in a rise in cyber-attacks targeting DNS, boost the demand for DNS security software market

Benefits of Cloud-Based DNS
Cloud-based DNS security software products benefit users through affordability, scalability, resiliency, and security, particularly by preventing Distributed Denial-Of-Service (DDoS) attacks. These benefits related with the cloud deployment of these software systems are driving the DNS security software market. Also, cloud-based DNS may help organizations easily configure the Domain Name System Security Extensions (DNSSEC), which offer a cryptographic method of authenticating DNS records and enabling protection against common DNS security attacks. Additionally, cloud-based DNS security software systems offer advanced traffic routing such as AWS's Route 53 cloud DNS security solution, which facilitates round-robin, latency-based routing, geographic DNS, and geo-proximity routing, in addition to simple failover. Cloud-based DNS aid in better monitoring and visibility and make configuration changes easy and convenient for organizations. Organizations can scale up and down their working productivity with cloud deployment. Thus, several small and medium-sized businesses believe cloud deployment to be the most effective deployment platform for DNS security software solutions.

The players operating in the DNS security software market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players operating in the DNS security software market are listed below:

In July 2021, DNSFilter Inc. announced that it had closed a US$ 30 million Series A investment round led by global venture capital and private equity firm, Insight Partners.

In June 2021, DNSFilter Inc. announced integration with Zapier and a new one-click application blocking feature. Alongside the launch of a new feature, AppAware, which allows for blocking commonly used applications such as Facebook, Netflix, or BitTorrent with a single click.

DNS Security Software Market - Company Profiles
• Akamai Technologies
• Canadian Internet Registration Authority (CIRA)
• Comodo Security Solutions, Inc.
• DNSFilter Inc.
• DomainTools
• Efficient IP
• HelpSystems
• Open Text Corporation
• ScoutDNS, LLC
• TitanHQ

Key Elements that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the "DNS Security Software market" market.
• Key market trends cracking up the growth of the "DNS Security Software market" market.
• Challenges to market growth.
• Key vendors of "DNS Security Software market" market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global "DNS Security Software "market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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Contact Us:
If you have any queries about this report or if you would like further information, pleas
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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