Press Release

Network Security to Grow at Highest CAGR in Global DDI Market till 2024

Transition of IPv4 to IPv6 and technological advancements to drive global DDI market through 2024

According to TechSci Research report, Global DDI Market By Component, By Deployment Mode, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2024, global DDI market is forecast to register growth of 14.15% during the forecast period of 2019-2024, on the back of growing awareness related to security risks. Due to rising number of attacks on DNS servers, expansion of existing DDI solutions and adjacent network services and advent of IPv6, the market for DDI is expected to grow at a rapid pace through 2024.

Global DDI market can be segmented based on component, deployment mode, end user and application. In terms of deployment type, cloud segment is expected to dominate the market, as it helps to reduce the deployment cost because nothing has to be stored on-premise. DDI market caters to various applications including network automation, virtualization & cloud, data center transformation, network security and others. Network security is expected to grow at the highest CAGR, as a result of increasing number of cyberattacks and growing volume of IP addresses vulnerable to cyberattacks.

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Infoblox, Inc., BlueCat Networks, Inc., BT Global Services, Ltd., Nokia Corporation, Cisco Systems, Inc. and Microsoft Corporation are some of the leading players operating in the global DDI market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations in order to register positive growth in the market. In 2016, Nokia acquired Alcatel-Lucent, player in the DDI, to build competitive edge against other players and to strengthen foothold in the market.

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“IT & telecom companies use DDI to execute their operations while achieving the highest standards of service uptime and operational efficiency. Due to increasing number of attacks on DNS servers, organizations have started investing in security solutions, which is promoting the growth of the market. Moreover, increase in the number of IoT platforms and proliferation of BYOD at workplace is expected to drive global DDI market over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global DDI Market By Component, By Deployment Mode, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of DDI market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global DDI market.

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