At 12.4% CAGR, Europe DNS Security Software Market is Projected to be Worth US$ 880.58 Million by 2030, says Business Market Insights

According to Business Market Insights research, the Europe DNS security software market was valued at US$ 346.83 million in 2022 and is expected to reach US$ 880.58 million by 2030, registering a CAGR of 12.4% from 2022 to 2030. Rise in domain name system (DNS)-based attacks, increasing adoption of cloud-based DNS solutions, and implementation of comprehensive cybersecurity policies globally are among the critical factors attributed to the Europe DNS security software market expansion.

Domain name system (DNS) is essential to the reliability and performance of cloud services and internet applications. A cloud-based DNS can provide even better results than a regular DNS infrastructure. The cloud-based DNS adoption has severely disrupted the DNS landscape in a good way. Recently, there has been a drastic shift from the traditional DNS to cloud-based DNS to enhance flexibility and improve DNS performance for a better user experience. With the sudden rise in the number of business-critical applications hosted in hybrid-cloud environments, cybercriminals are increasingly targeting the cloud. Thus, various organizations are adopting cloud-based DNS solutions because of their benefits. One of the major benefits of cloud-based name resolution is that it can handle large volumes of traffic and queries without affecting the network performance. Cloud providers have global networks of DNS servers that can distribute the load and respond to requests faster than normal servers. This can benefit users through scalability, affordability, resiliency, and security, specifically by preventing distributed denial-of-service (DDoS) attacks. As businesses continue to outsource their IT infrastructure, they are adopting a cloud-based DNS to ensure an edge against business rivals. Cloud-based DNS solution providers control large-scale networks with multiple points of presence (PoP) around the world. They accelerate DNS resolution by automatically pushing queries to the closest PoP, guaranteeing consistent user experiences worldwide. Also, cloud-based DNS solution providers take a multilayered method to security, employing a variety of measures to establish trust and defend against threats. They retain dedicated security experts who closely monitor industry trends and proactively update security systems and practices to prevent malicious attacks and mitigate risks. Cloud-based DNS also exposes numerous opportunities to leverage the DNS infrastructure for global traffic steering and load balancing across hybrid environments. Cloud-based DNS aids in better visibility monitoring and makes configuration changes convenient and easy for organizations. Thus, several businesses believe cloud deployment to be the most effective and convenient deployment platform for DNS security software solutions.

On the contrary, availability of free-to-use DNS security software and complexities of implementing DNS solutions hamper the growth of Europe DNS security software market.

Based on deployment, the Europe DNS security software market is bifurcated into on-premise and cloud. The cloud segment held 67.2% share of Europe DNS security software market in 2022, amassing US$ 232.95 million. It is projected to garner US$ 619.84 million by 2030 to expand at 13.0% CAGR during 2022–2030.

In terms of organization size, the Europe DNS security software market is bifurcated into small & medium enterprises and large enterprises. The large enterprise segment held 62.9% share of Europe DNS security software market in 2022, amassing US$ 218.02 million. It is projected to garner US$ 531.75 million by 2030 to expand at 11.8% CAGR during 2022–2030.

By country, the Europe DNS security software market has been categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 30.6% share of Europe DNS security software market in 2022. It was assessed at US$ 106.13 million in 2022 and is likely to hit US$ 296.44 million by 2030, exhibiting a CAGR of 13.7% during 2022–2030.

Some of the major players operating in the Europe DNS security software market are Akamai Technologies; Comodo Security Solutions, Inc; DNSFilter Inc.; TitanHQ; Efficient IP; Open Text Corporation; ScoutDNS, LLC; Avast Software s.r.o.; and Cisco Systems Inc, among others.

• In November 2022, Akamai Technologies Inc. announced that WHOIS will be using Akamai’s Edge DNS with its Domain Name System solution to provide reliable and secure DNS service to its customers.
• In September 2021, Akamai Technologies, Inc. announced to acquire Tel Aviv, Israel-based Guardicore. Akamai is uniquely suited to provide comprehensive protections to the enterprise, defending against threat actors and the spread of malware and ransomware.
• In October 2019, Akamai announced several updates to its Security and Personalization Services (SPS) Secure Business solution, which provides internet service providers (ISPs) with turnkey security solutions for small- and mid-sized business (SMB) customers. Comcast Business is using Akamai’s SPS Secure Business as part of its new Security Edge cloud-based internet cybersecurity solution for small businesses.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com