Report : Middle East & Africa DNS Security Software Market Forecast to 2030 - Regional Analysis - by Deployment (On-Premise and Cloud) and Organization Size (Small & Medium Enterprises and Large Enterprises)
At 10.8% CAGR, Middle East & Africa DNS Security Software Market is Speculated to be Worth US$ 176.76 Million by 2030, says Business Market Insights
According to Business Market Insights research, the Middle East & Africa DNS security software market was valued at US$ 78.02 million in 2022 and is expected to reach US$ 176.76 million by 2030, registering a CAGR of 10.8% 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 Middle East & Africa DNS security software market expansion.
Cyberattacks on DNS servers have become one of the major threats to the digital ecosystem. The over-dependency on DNS for various networked applications, including e-commerce, web browsing, internet telephony, and email, has made organizations vulnerable to cyber-attacks. According to the Global DNS Threat Report by EfficientIP, there is an extreme change in the attack types, from volumetric to low signal. Cybercriminals have expanded their approach to include lower bandwidth. The top five DNS-based attacks experienced by organizations are phishing (51%), DDoS (30%), malware (43%), DNS tunneling (28%), and hijacking/credential attack (28%). Also, the size of DDoS attacks is increasing, with almost 64% being over 5 Gbit/s. Furthermore, 82% of the companies faced application downtime, whether in the cloud or in-house, due to the DNS attacks. As per the report, 77% of the companies involved DNS security as an essential component of their network architecture, compared to 64% in 2019. Also, according to a report of Cloudflare Inc., 44% of organizations recognized DNS-based attacks as one of their top security challenges in 2021. To minimize such DNS-based attacks, the DNS security software is widely used worldwide. Hence, with the rise in domain name system (DNS)-based attacks, the DNS security software market is growing significantly.
On the contrary, availability of free-to-use DNS security software and complexities of implementing DNS solutions hampers the growth of Middle East & Africa DNS security software market.
Based on deployment, the Middle East & Africa DNS security software market is bifurcated into on-premise and cloud. The cloud segment held 65.9% share of Middle East & Africa DNS security software market in 2022, amassing US$ 51.38 million. It is projected to garner US$ 120.89 million by 2030 to expand at 11.3% CAGR during 2022-2030.
In terms of organization size, the Middle East & Africa DNS security software market is bifurcated into small & medium enterprises and large enterprises. The large enterprise segment held 59.3% share of Middle East & Africa DNS security software market in 2022, amassing US$ 46.26 million. It is projected to garner US$ 100.81 million by 2030 to expand at 10.2% CAGR during 2022-2030.
By country, the Middle East & Africa DNS security software market has been categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 40.1% share of Middle East & Africa DNS security software market in 2022. It was assessed at US$ 31.32 million in 2022 and is likely to hit US$ 76.03 million by 2030, exhibiting a CAGR of 11.7% during 2022-2030.
Key players operating in the Middle East & Africa DNS security software market are Akamai Technologies; Comodo Security Solutions, Inc; Efficient IP; Open Text Corporation; ScoutDNS, LLC; and Cisco Systems Inc, among others.
- In 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 2023, this new partnership enabled Adweb Technologies to offer EfficientIP's integrated DNS, DHCP and IP Address Management (DDI) and DNS security solutions via its extensive VAR channel to enterprises looking to gain a competitive business advantage through increased network protection, automation, and efficiency.
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