DNS Service Market

Cloudflare (US) and Oracle (US) are the Key Players in the DNS Service Market

Domain Name System (DNS) service help enterprises to translate their web addresses to machine IP addresses. DNS service providers help enterprises manage DNS by managing the DNS server. The DNS service market is gaining momentum across the globe. It is more convenient for customers, in terms of cost, to host managed DNS services instead of having an in-house DNS. Enterprises and developers are preferring third-party DNS services, owing to their range of functionalities, such as low operating cost, high reliability and scalability, 100% service availability, protection against Distributed Denial of Service (DDoS) attacks, and 24*7 support. MarketsandMarkets expects the DNS service market size to grow from USD 238.9 Million in 2017 to USD 438.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period.

Key players in the DNS service market include Cloudflare (US), AWS (US), VeriSign (US), Oracle (US), Akamai Technologies (US), Google (US), IBM (US), NS1 (US), Microsoft (US), Neustar (US), CDNetworks (South Korea), and DNS Made Easy (US). These players have adopted various strategies, such as partnerships, collaborations, agreements, and acquisitions, and new product launches, to achieve growth in the global DNS service market.

Cloudflare is one of the leading providers of web performance, internet security, and CDN solutions across the globe. The company offers authoritative DNS services to its broad client base.  It has been extensively launching new services and enhancing the capabilities of the existing ones, thereby catering to the needs of its customers, including SMEs, across the globe. For instance, in 2015–2017, Cloudflare launched various services related to DNS, such as Argo, Registrar, Load Balancing, and DNS Firewall, which address the needs of SMEs and large enterprises. These services protect businesses from advanced threats and DDoS attacks.

Oracle is another major player with a wide array of technologies, such as database, application, storage, and cloud. The company primarily has deployed the inorganic growth strategy to meet the needs of its customers. For instance, in November 2016, Oracle entered the DNS service market by acquiring Dyn, one of the leading and trusted companies among customers in the DNS service market. The acquisition has enabled Oracle to leverage the capabilities of Dyn’s DNS service and bolster its cloud infrastructure capability in Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) domains.  

Related Reports:

DNS Service Market by DNS Server (Primary DNS Server and Secondary DNS Server), Deployment Type (Cloud and On-Premises), Organization Size (Large Enterprises and SMEs), Industry Vertical, and Region - Global Forecast to 2022

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Report Code
TC 6076
Published ON
Mar, 2018
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