Global DNS Security Software Market Forecasts, 2021-2022 & 2028: Increasing Adoption of DNSSEC Solution & Ongoing Implementation of Hybrid Working Styles - ResearchAndMarkets.com

The "DNS Security Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment and Organization Size" report has been added to ResearchAndMarkets.com's offering.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Friday, May 13, 2022
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Technology, Software, Work, Severe acute respiratory syndrome coronavirus 2, Risk, History, Overalls, Doh, HTTPS, IDC, Ciso Morales, Generation Z, DNS, Privacy, Deployment, COVID-19, Gen, Method, SIGRed, Global, Human, Organization, Adoption, Movement, CAGR, GENESIS, Growth, Wi-Fi, Risk management, Cryptocurrency
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Summary
Key Points: 
  • The "DNS Security Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment and Organization Size" report has been added to ResearchAndMarkets.com's offering.
  • The DNS over HTTPS (DoH) offers new opportunities for organizations adopting remote working, creating complexity in managing application access and overall security.
  • Therefore, the growing implementation of hybrid work culture is creating significant opportunities for the future growth of the DNS security software market players.
  • In 2021, North America accounted for a significant market share in the global DNS security software market.


The "DNS Security Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment and Organization Size" report has been added to ResearchAndMarkets.com's offering.

The DNS security software market is expected to grow from US$ 1,200.41 million in 2021 to US$ 2,314.56 million by 2028; it is estimated to grow at a CAGR of 9.8% during 2021-2028.

After the beginning of the COVID-19 pandemic, corporate players have introduced changes in their operations by enabling flexible work schedules, allowing remote working, and enhancing the employee experience. The hybrid work models allow them to define a more flexible, digital, and rewarding future for their employees.

According to an article published by GENESIS INTEGRATION, 55% of US workers want a work pattern that allows the mix of working from home and office. 74% of Gen Z would prefer either working from home or splitting work time between home and work, as per the article published by GENESIS INTEGRATION.

With a rise in the adoption of a potentially permanent hybrid workforce, CISOs and IT directors are devising strategies to secure their business operations and resources within and outside their protected walls. Having control over traffic between each remote worker and the organization's applications is important to reduce DNS security issues and ensure smooth business operations.

The DNS over HTTPS (DoH) offers new opportunities for organizations adopting remote working, creating complexity in managing application access and overall security. Further, the DoH also brings privacy concerns, as confirmed by 75% of respondents in the Global DNS Threat Report published by IDC; they consider DoH via public providers to be a main risk in experiencing DNS attacks.

Therefore, the growing implementation of hybrid work culture is creating significant opportunities for the future growth of the DNS security software market players.

Impact of COVID-19 Pandemic on Global DNS Security Software Market

The tremendous spread of SARS-CoV-2 urged governments of different countries to impose strict restrictions on the movement of vehicles and humans. The consequent travel bans, mass lockdowns, and business shutdowns enacted by the governments affected economies and industries in various countries, especially in 2020. The lockdown imposition also resulted in the reduced production of commodities, goods, and services.

On the contrary, the COVID-19 pandemic contributed to the growth of the DNS security software market in 2020 as millions of employees were asked to work remotely by their companies for the first time in history. As employees accessed corporate systems via less-secure home and public Wi-Fi networks, the remote working practices led to a rapid increase in queries for DNS, which further resulted in a rise in cyberattacks targeting DNS.

Several of these attacks use traditional methods such as tunneling, while others are based on newly discovered vulnerabilities such as SIGRed in Windows DNS, which was discovered in July 2020. According to the Global DNS Threat report 2021, globally, ~79% of organizations experienced DNS attacks in 2020.

Furthermore, the top DNS attacks included DNS phishing (~39%), DNS malware (~34%), DDoS attacks (~27%), DNS hijacking/credential attacks (~12%), DNS tunneling (~17%), zero-day vulnerabilities (~16%), and cloud instance misconfiguration abuse (~13%).

In 2021, the cloud-based segment led the market and accounted for the largest market share. In 2021, the large enterprises segment led the market and accounted for the largest market share. In 2021, North America accounted for a significant market share in the global DNS security software market.

Key Market Dynamics

Market Drivers

  • Identification and Blocking of High-Risk Traffic
  • Benefits of Cloud-Based DNS

Market Restraints

  • Complexities of Implementing DNS Solutions

Market Opportunities

  • Ongoing Implementation of Hybrid Working Styles

Future Trends

  • Increasing Adoption of DNSSEC Solution

Companies Mentioned

  • Akamai Technologies
  • Canadian Internet Registration Authority (CIRA)
  • Comodo Security Solutions, Inc.
  • DNSFilter Inc.
  • DomainTools
  • Efficient IP
  • HelpSystems
  • Open Text Corporation
  • ScoutDNS, LLC
  • TitanHQ

For more information about this report visit https://www.researchandmarkets.com/r/wttuk9

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