Chicago, Feb. 09, 2024 (GLOBE NEWSWIRE) — The Managed DNS Market size is projected to grow from USD 0.6 billion in 2023 to USD 1.3 billion by 2028, at a CAGR of 18.1% during the forecast period, according to a new report by MarketsandMarkets™.
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Managed DNS Market Dynamics:
Drivers:
Need to secure websites from DDoS attacks
Low cost associated with managed DNS services
High returns on investment and enhanced customer experience
Restraints:
Availability of free DNS service providers
Technological complexities
Opportunities:
Growth in cloud computing
Increasing online presence of retail eCommerce, media entertainment, and BFSI sectors
List of Key Players in Managed DNS Market:
AWS (US)
Cloudflare (US)
DNS Made Easy (US)
GoDaddy (US)
Vercara (US)
Akamai (US)
CDNetworks (US)
Microsoft (US)
NS1 (US)
Oracle (US)
The increasing frequency and sophistication of Distributed Denial of Service (DDoS) attacks drive the demand for managed DNS. These services often include DDoS protection, helping businesses mitigate the impact of such attacks on their online operations and will drive the market for managed DNS.
Businesses have recognized the importance of website performance in delivering a positive user experience. Managed DNS can optimize website loading times by efficiently directing user requests to the nearest server, reducing latency.
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By DNS server, the secondary DNS server segment is expected to grow with the highest CAGR during the forecast period
A secondary DNS server functions as an extra safety net in addition to the primary DNS server. The redundancy plays a crucial role in ensuring the ongoing provision of DNS …
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