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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TOC on "Global
DDI Market "
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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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