Rise in Domain Name System (DNS)-Based Attacks Drives DNS Security Software Market Growth
According to our latest study on “DNS Security Software Market Size and Forecast (2020–2030), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Deployment and Enterprise Size,” the DNS security software market size was valued at US$ 1,303.87 million in 2022 and is expected to reach US$ 3,213.81 million by 2030. The DNS security software market is estimated to record a CAGR of 11.9% from 2022 to 2030.
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.
DNS Security Software Market – by Region, 2022 and 2030
DNS Security Software Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Deployment (On-Premise and Cloud), Enterprise Size (Small and Medium Enterprises and Large Enterprises), and Geography
DNS Security Software Market Size and Share by 2030
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Source: The Insight Partners Analysis
Furthermore, according to the Help Net Security report, a DNS attack results in a business disruption as well as a costly expense for organizations. In 2020, APAC had the highest average cost of a successful attack at US$ 1.03 million, a rise of 14% compared to 2021. Germany (18%), Malaysia (21%), and both the UK and India (14% each) experienced the highest rise in the cost of an attack. In comparison, Spain experienced its cost of damages plummeting by almost half (48%) in 2021. Cybercriminals are utilizing all available tools to disrupt businesses, gain access to networks, and steal data by mostly targeting the hybrid labor force, with DNS-based attacks becoming progressively pervasive across all industries. According to the 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.
The DNS security software market is segmented on the basis of deployment, enterprise size, and geography. Based on deployment, the global DNS security software market is segmented into on-premise and cloud-based. Based on organization size, the DNS security software market is bifurcated into small and medium enterprises and large enterprises. By geography, the DNS security software market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Akamai Technologies Inc.; Comodo Security Solutions, Inc.; DNSFilter Inc.; DomainTools; Efficient IP; OpenText Corporation; ScoutDNS; LLC TitanHQ; Avast Software s.r.o; and Cisco Systems Inc. are among the key players operating in the DNS security software market.
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