PUBLISHER: Allied Market Research | PRODUCT CODE: 1365739
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365739
According to a new report published by Allied Market Research, titled, "DNS Firewall Market," The dns firewall market was valued at $151.63 million in 2022, and is estimated to reach $785.1 million by 2032, growing at a CAGR of 18.2% from 2023 to 2032.
The key factors that drive the growth of the DNS firewall market include growing penetration of smartphones coupled with utilization of web applications and increase in virtualization in the IT sector and BYOD policies. There has been a surge in mobile malware and phishing attacks targeting smartphone users, often exploiting DNS vulnerabilities. DNS has become a common attack vector as the mobile application ecosystem, including e-commerce and financial transactions, flourishes. In addition, the rise of remote work necessitates robust DNS security, as employees access corporate resources via mobile apps. Data privacy concerns are escalating, demanding stringent data protection measures, which DNS firewalls provide by preventing data exfiltration. Furthermore, rising sophistication of cyber threats, including zero-day exploits and advanced persistent threats are further driving the growth of DNS firewall market. However, high installation and configuration price of DNS firewalls is expected to hamper market growth. Hardware firewalls are more expensive than software firewalls because they require costly installation and maintenance. Moreover, DNS firewall solutions involve purchasing specialized hardware appliances or software licenses, both of which can be expensive. Smaller businesses, in particular, find it challenging to allocate funds for these upfront costs. Contrarily, integrating DNS with orchestration and automation tools presents a significant opportunity for the DNS firewall market. The implementation of cloud-based .Organizations are seeking solutions that can evolve with their security requirements, offering long-term value. Furthermore, as the cybersecurity landscape continues to evolve, integration-ready DNS solutions are primed to meet the dynamic security needs of modern businesses and seize lucrative market opportunities.
The DNS firewall market is segmented on the basis of deployment mode, end users, industry vertical, and region. On the basis of deployment mode, the market is categorized into on-premise, cloud, and virtual appliance. On the basis of end users, the market is divided into DNS providers, domain name registrars, enterprises, website hosts, and service providers. On the basis of industry vertical, it is divided into BFSI, telecom and IT, media and entertainment, retail and e-commerce, healthcare, government, education, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the DNS firewall market such as IBM, EfficientIP, Comodo Group Inc., Allied Telesis Inc., Digicert, Inc., Cisco Systems Inc., BlueCat Networks, Cloudflare, Inc., F5, Inc., and Infoblox. These players have adopted various strategies to increase their market penetration and strengthen their position in the DNS firewall market.
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