Revenues from DNS Firewall Market to top 169.7 Million USD by 2023

(IT-NEWSWIRE.COM, May 20, 2019 ) The extreme vulnerability of DNS to malware and Advanced Persistent Threat (APT) intrusions is one of the factors expected to drive the market. However, the Information Technology (IT) security budget concerns may act as the restraining factor for the growth of the market.

MarketsandMarkets forecasts the global DNS firewall market is expected to grow from USD 90.5 million in 2018 to USD 169.7 million by 2023, at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period.

The key players in the DNS firewall market include:

• Cloudflare (US)

• BlueCat (Canada)

• Infoblox (US)

• EfficientIP (France)

• EonScope (US)

• Nominum (US)

• Cisco (US)

• F5 Networks (US)

• VeriSign (US)

• SWITCH (Switzerland)

• eSentire (Canada)

• ThreatSTOP (US)

• Constellix (US)

• Verigio Communications (US)

North America is expected to account for the largest market size during the forecast period in the DNS firewall market followed by Europe. This is attributed to the mass adoption of DNS security solutions by major end-use verticals, such as telecom and IT, media, entertainment, and gaming, along with Banking, Financial Services, and Insurance (BFSI). In terms of growth rate, the Asia Pacific (APAC) region is expected to grow at the highest CAGR during the forecast period. The region comprises China, India, Australia, South Korea, Japan, and New Zealand, which have many internet users and enterprise customers. In addition to this, internet, data centers, and cloud infrastructure have evolved in the region with the emergence of Long-Term Evolution (LTE), LTE-Advanced, and 5G networks.

Service providers majorly include telecom companies and Internet Service Providers (ISPs). ISPs and telecom companies require robust and agile infrastructure that supports applications, such as Bring Your Own Device (BYOD) and Internet of Things (IoT). These service providers operate with recursive DNS servers, and if a query is unaddressed, it is further forwarded to authoritative servers. Service providers alternatively choose to transform subscribers’ resolving configuration either to their in-house recursive DNS servers or OpenDNS servers. OpenDNS servers offer additional security capabilities as compared to recursive DNS servers.

Download PDF Brochure !

MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

Revenues from DNS Firewall Market to top 169.7 Million USD by 2023