Managed DNS Services Market Size

Managed DNS Services Market Size

Managed DNS Services Market was valued at USD 525.2 million in 2023 and is estimated to register a CAGR of over 17% between 2024 & 2032. The growth of the market can be attributed to the growing security concerns and DDoS mitigation. According to All About Cookies, in 2022, not only did the frequency of DDoS attacks escalate, but their duration also extended significantly. Compared to 2021, when the average attack lasted 30 minutes, by the same period in 2022, the average duration of DDoS attacks surged to 50 hours. Similarly, based on StormWall’s DDoS Year-in-Review report, in 2022, there was a substantial 74% year-over-year increase in the total count of DDoS attacks. Throughout the year, the potency of botnets experienced a notable surge, enabling DDoS attacks that reached over 2 Tbit/s and endured for up to three days.

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As cyber threats and distributed denial of service (DDoS) attacks become more sophisticated, businesses are increasingly turning to managed DNS services for enhanced security. These services often include features like DDoS mitigation, threat intelligence, and advanced security protocols to protect against DNS-based attacks, contributing to the managed DNS services industry growth.

Increasing Internet usage and online presence will be a key factor shaping the market outlook. According to the International Telecommunication Union, approximately 5.3 billion individuals, constituting 66% of the global population, were using the Internet in 2022. This reflects a growth rate of 6.1 percent compared to 2021, surpassing the 5.1 percent growth observed from 2020 to 2021. In regions such as Europe, the Americas, and the Commonwealth of Independent States (CIS), internet usage ranges from 80% to 90% of the population, approaching near-universal adoption. Universal use, defined practically as an internet penetration rate of at least 95 percent, is within reach in these regions.

The growing number of internet users and the expanding online presence of businesses have led to an increased demand for reliable and efficient DNS services. Managed DNS services play a crucial role in ensuring the availability and accessibility of websites, applications, and online services.

However, the management of DNS involves handling critical information related to domain names and network configurations. Concerns about data security and privacy may restrain some organizations from adopting managed DNS services, particularly if they have stringent data protection requirements or concerns about the potential exposure of sensitive information.