At 8.5% CAGR, South & Central America DNS Security Software Market is Projected to be Worth US$ 93.20 Million by 2030, says Business Market Insights

According to Business Market Insights research, the South & Central America DNS security software market was valued at US$ 48.50 million in 2022 and is expected to reach US$ 93.20 million by 2030, registering a CAGR of 8.5% from 2022 to 2030. Strategic initiatives by key market players, increasing adoption of cloud-based DNS solutions, and implementation of comprehensive cybersecurity policies globally are among the critical factors attributed to the South & Central America DNS security software market expansion.

Various key market players in the DNS security market are taking initiatives such as partnerships, agreements, collaborations, and new product launches. For instance, in August 2023, Meter, Inc. announced DNS Security, built in partnership with Cloudflare. Meter DNS Security is widely available for all Meter Network customers, expanding Meter's existing NaaS offering and saving teams both time and money while also improving overall network performance and security, powered by Cloudflare's Zero Trust platform. Further, in April 2023, Zscaler launched new solutions to improve best-in-class DNS security that provides flexibility, security, availability, and excellent performance. Similarly, in September 2022, ICANN launched the KINDNS initiative to promote DNS security best practices. In September 2022, CISA Launched its protective DNS resolver with general availability for federal agencies. Protective DNS shields federal organizations and users from reaching suspected or known malicious destinations with a cutting-edge facility that safeguards network connections. Also, in March 2023, OpenText aimed to boost DNS protection growth with upcoming product launches. OpenText planned to make DNS protection available separately from its endpoint security platform of Webroot, enabling the DNS protection offering to become relevant to a broader set of customers. Hence, strategic initiatives by key market players are expected to create new opportunities for the DNS security software market.

On the contrary, availability of free-to-use DNS security software and complexities of implementing DNS solutions hampers the growth of South & Central America DNS security software market.

Based on deployment, the South & Central America DNS security software market is bifurcated into on-premise and cloud. The cloud segment held 66.1% share of South & Central America DNS security software market in 2022, amassing US$ 32.05 million. It is projected to garner US$ 63.71 million by 2030 to expand at 9.0% CAGR during 2022-2030.

In terms of organization size, the South & Central America DNS security software market is bifurcated into small & medium enterprises and large enterprises. The large enterprise segment held 60.2% share of South & Central America DNS security software market in 2022, amassing US$ 29.21 million. It is projected to garner US$ 54.13 million by 2030 to expand at 8.0% CAGR during 2022-2030.

By country, the South & Central America DNS security software market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 33.7% share of South & Central America DNS security software market in 2022. It was assessed at US$ 16.33 million in 2022 and is likely to hit US$ 30.36 million by 2030, exhibiting a CAGR of 8.1% during 2022-2030.

Key players operating in the South & Central America 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, Meter, Inc. announced DNS Security, built in partnership with Cloudflare. Meter DNS Security is widely available for all Meter Network customers, expanding Meter's existing NaaS offering and saving teams both time and money while also improving overall network performance and security, powered by Cloudflare's Zero Trust platform.
  
  
  

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