DDI Market size to grow from USD 400 million in 2021 to USD 836 million by 2026, at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period.
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Increased demand for DDI due to COVID-19 outbreak, growing trends of BYOD and WFH across verticals, and rising demand for enhanced security are major growth factors for the market. Increasing need for IPAM and advent of IPv6 would provide lucrative opportunities for vendors in the DDI market.
By component, Solutions segment to hold the largest market size during the forecast period
DDI solutions are gaining popularity with the increasing usage across all the major industry verticals such as telecom & IT, BFSI, government and defense, education, and healthcare. One of the main reasons for the growth of DDI solutions is the rising challenges faced by enterprises to manage their core networks with the rapid increase in network devices due to IoT and digitization. Network failure in an enterprise may have a significant impact on its operations. Thus, integrated DDI solutions are evolving as a convenient solution to manage and ensure network availability to support the core services of enterprises.
In application, virtualization, and cloud to grow at the highest CAGR during the forecast period
Virtualization is the capability to run several operating systems on a single physical system and share the core hardware resources. It is used to improve IT throughput and costs by using physical resources as a base from which virtual resources can be allocated. Today the cloud is a proven delivery model, with a growing number of organizations realizing dexterity and competence. Cloud computing takes virtualization one step further by reducing costs of owning the hardware and only installing required operating systems according to client’s requirements. Implementing virtualization by cloud computing requires secure network interface, DHCP and DNS automation, secure secondary storage, secure run-time environment, and robust IPAM.
North America to hold the largest market size during the forecast period
North America accounts for the major chunk of the global DDI solutions and services market, and it is considered as one of the most advanced regions in technology adoption and infrastructure. Furthermore, the various verticals operating in the region, such as IT & Telecom, have been increasingly adopting new ways to monitor network security and IPAM. These factors are expected to fuel the demand for DDI in the region.
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Major vendors in the global DDI market include Nokia Corporation (France), BlueCat Networks (Canada), Microsoft Corporation (US), Infoblox (US), Cisco Systems (US), Men & Mice (Iceland), EfficientIP (US), BT Diamond IP (US), FusionLayer (Finland), PC Network (US), TCPwave (US), Apteriks (Netherlands), ApplianSys (UK), NCC Group (UK), Solarwinds Network (US), NS1 (US), Empowered Networks (Canada), Datacomm (Indonesia), INVETICO (Australia).
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The report "DDI Market by Component (Solutions and Services), Application (Network Automation, Virtualization and Cloud, Data Center Transformation, Network Security, and Others), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2022", The DDI market size is estimated to grow from USD 219.8 Million in 2017 to USD 467.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period.Request for Sample Pages of this report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=162005891 The ever-growing need for increased security measures, rise of IoT platforms, increase attacks on DNS server, and proliferation of BYOD at workplace, has led to the adoption of DDI.
With the increase in the adoption rate of DDI among Small and Medium Enterprises (SMEs), the DDI market is expected to gain major traction during the forecast period.“Rapid adoption of DDI due to a strong and well established economy makes North America the largest market in terms of global share”The DDI market has demonstrated the capabilities to maintain network dynamics securely and smoothly, which has helped organizations to reduce their maintenance and operational expenses.
Furthermore, various verticals operating in the region such as IT & Telecom has been increasingly moving towards adopting new ways to monitor network security and IPAM.
They relied on traditional methods such as maintaining documents and spreadsheets to record IP address allocations.
“Telecom and IT industry segment is expected to contribute to the largest market share during the forecast period”All the IT and telecom industries use computers and mobile devices to execute their operations, each of these devices uses network to communicate data making network the most significant part of the workflow.
However, with the proliferation of mobile devices and advent of IPv6, benefits of adopting DDI solutions and services is expected to drive the adoption of DHCP, DNS, and IPAM in SMEs during the forecast period.The major vendors that offer DDI solutions and services across the globe are Nokia Corporation (Alcatel-Lucent Enterprise) (France), BlueCat Networks (Canada), Microsoft Corporation (U.S.), Infoblox Inc. (U.S.), Cisco Systems, Inc. (U.S.), Men & Mice (Iceland), EfficientIP (U.S.), BT Diamond IP (U.S.), FusionLayer, Inc. (Finland), Apteriks (Netherlands), SolarWinds (U.S.), NCC Group (U.K.), TCPWave Inc. (U.S.), PC Network (Philadelphia), and ApplianSys (U.K.).About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Various verticals such as telecom & IT, BFSI, government & defense, healthcare & life sciences, education, retail, and manufacturing through DNS, DHCP, and IP address management (DDI) market, would act as the main drivers for the growth of the service industry.
MarketsandMarkets forecasts the DDI market size to grow from USD 219.8 Million in 2017 to USD 467.8 Million by 2022, at a CAGR of 16.3%.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162005891All the IT and telecom industries use computers and mobile devices to execute their operations, each of these devices uses network to communicate data making network the most significant part of the workflow.
DDI makes it easy for IT and telecom industries to support their current and evolving needs, while achieving the highest standards for service uptime, network reliability, and operational efficiencies.The Small and Medium Enterprises (SMEs) segment is expected to grow at the highest CAGR in the DDI market during the forecast period.
SMEs had been majorly depended on manual records and spreadsheets to maintain their network.
This was majorly due to the lack of awareness and budget constraints.
In December 2016, Infoblox Inc. partnered with Qualys Inc. to facilitate clients with combined capabilities of Infoblox’s DNS technology and Qualys Cloud Platform.
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Global DDI Market to Register a CAGR of 15.7%, in Terms of Value, During 2018 – 2028; North America to Wield Lion’s Share in the Market During the Forecast PeriodEstimated to observe a whopping 15% rate of the yearly growth in revenue, the global DDI market projected for an impressive growth outlook in 2019 and ahead.
According to a new Future Market Insights’ study, SMEs are rapidly emerging as high-potential end use consumers for DDI services and solutions providers.Top 3 Regional Markets for DDI Hold over 50% Value ShareWhile North America’s market for DDI services and solution will maintain the lion’s share in the global value, the report forecasts a collective share of over half of the market value for North America, Europe, and East Asia.
Furthermore, DDI adoption is most likely witness an above-average rate within MEA over the coming years.Demand for DDI solutions will continue to account for more than 50% of the total market value.
However, FMI’s analysis highlights rapidly growing opportunities arising in the DDI services segment owing to the rising significance of managed & support services within enterprise environments.With a collective share of over 55% in the market value, cloud & virtualization and network security will remain the top application areas of DDI services and solutions.
Revenue through cloud deployment is poised to register an ascending rate in DDI market.Download Sample of Report with important Figures @ https://www.futuremarketinsights.com/reports/sample/rep-gb-9033Businesses Demanding IP Address Management Solutions to Majorly Contribute in DDI Demand GrowthRising adoption of IPv6 (Internet Protocol Version 6) and growing need for effective IP address management have been cited as the key opportunity areas for DDI solution and service providers in the market.
However, low adoption rate of software-defined networking is found to be one of the key restraining factors in the global DDI marketplace.
