PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300902
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300902
Global Domain Name System Service Market is valued approximately at USD 403. Million in 2022 and is anticipated to grow with a healthy growth rate of more than 11.70% over the forecast period 2023-2030. A Domain name system service is a service that translates domain names into the numeric IP addresses that computers use to connect to each other. The Domain Name System Service market is expanding because of factors such as rising data breaches and growing in e-commerce industry. However, its importance has progressively increased during the last few decades.
According to Statista, during the third quarter of 2022, globally approximately 15 million data records were exposed through data breaches. Since the first quarter of 2020, the fourth quarter of 2020 saw the biggest number of exposed data records, or almost 125 million data sets. Another important component driving is growing in e-commerce industry. According to the Statista predicted that between 2023 and 2027, the revenue in the American e-commerce market will grow by a total of 551.9 billion dollars (+54.59 percent). This prediction states that in 2027, the revenue will have climbed for a fourth straight year to reach US$1.6 trillion. In addition, the lower cost of managed DNS services is expected to fuel the growth in demand from emerging economies would create lucrative growth. However, Data privacy concerns and high cost stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Domain Name System Service Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominates the domain name system (DNS) service market because of advances in technology and infrastructure. Asia-Pacific is fastest growing region in the domain name system (DNS) service market because of the global increase in internet users. Furthermore, the region's domain name system (DNS) service market is expected to grow as 4G technology becomes more widely adopted in the coming years.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable