Global Domain Name System Service Market Report and Forecast 2024-2032

Global Domain Name System Service Market Outlook

The global domain name system service market size reached approximately USD 490.05 million in 2023. The market is further projected to grow at a CAGR of 14.1% between 2024 and 2032, reaching a value of USD 1620.32 million by 2032.

Key Trends in the Market

Domain name system services refer to the services that allow the mapping of human-readable domain names to IP addresses that are machine readable so that browsers are able to load internet resources. The servers that work together for getting the correct IP address include DNS recursor, root nameservers, TLD nameservers, and authoritative nameservers.

• The rising demand for digital services and increasing adoption of cloud based solutions owing to various advantages associated with their utilisation including real-time information delivery, remote access, and backup data, among others are boosting the domain name system service market growth.

• The growing adoption of online shopping due to various advantages offered by the service including fast delivery, easy refund and exchange, and online payments, among others is aiding the market expansion. Due to the rising popularity of online shopping, the investments in domain name system services are increasing for providing a smooth and seamless shopping experience to the customers and ensuring the security of online transactions.

• Increasing emphasis on data protection and cyber security by various sectors including healthcare, IT and telecommunication, and BFSI, among others due to growing threat of cyberattacks is providing lucrative growth opportunities to the market.

Global Domain Name System Service Market Analysis

On the basis of server, the market is bifurcated into primary server and secondary server. Based on service, the market is divided into Anycast, Mixed, and Unicast. On the basis of deployment mode, the market is segregated into on-premise and cloud, among others.

Based on industry vertical, the market is classified into BFSI, media and entertainment, IT and telecommunications, healthcare, retail and e-commerce, and government, among others. On the basis of region, the domain name system service market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• GoDaddy Operating Company, LLC. 

• Microsoft Corporation 

• Amazon.com, Inc. 

• Alphabet Inc. (Google, LLC) 

• IBM Corporation 

• Oracle Corporation 

• Cloudflare, Inc. 

• Akamai Technologies, Inc. 

• TransUnion LLC (Neustar, Inc.) 

• CDNetworks Inc. 

• Others

Market Share by Deployment Mode

On-premises is anticipated to account for a significant domain name system service market share owing to their ability to provide the user control over the local domain name system databases while restricting access to data from external environments. Deployment of on-premises solutions also provides customised services and solutions, providing greater security to user data and enhanced flexibility and scalability.

Market Share by Region

The Asia Pacific is expected to witness significant growing over the forecast period. This growth can be attributed to the increasing internet penetration in the region and rising adoption of 4G technology. The massive internet traffic from countries such as India and China are also bolstering the requirements for domain name system services.

Moreover, North America accounts for a significant share of the market owing to the strong presence of various key market players including GoDaddy Operating Company, LLC., Microsoft Corporation, and Amazon.com, Inc., among others. The rising requirement for secure internet infrastructure owing to rapid technological advancements is boosting the domain name system service market demand.

Competitive Landscape

GoDaddy Operating Company, LLC., headquartered in Arizona, United States, is one of the leading website hosting providers that offers managed hosting, domain search, website security, domain registration services, domain name system services, and managed hosting, among others.

Microsoft Corporation, headquartered in Washington, United States, is one of the leading software development companies around the globe. The company specialises in windows operating systems, domain name system services, machine learning, and cloud computing, among others.

Amazon.com, Inc., headquartered in Washington, United States, is a web service provider and online retailer that provides products including auto and industrial equipment and apparel, among others. The company is also known for offering domain name system services.

Other domain name system service market key players include Alphabet Inc. (Google, LLC), IBM Corporation, Oracle Corporation, Cloudflare, Inc., Akamai Technologies, Inc., TransUnion LLC (Neustar, Inc.), and CDNetworks Inc., among others.

Key Highlights of the Report