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. However, the market for healthcare and life sciences is expected to have an exponential growth in the market. 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%.
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“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. The North American region accounts for the major chunk of the DDI solutions and services market, and the region is considered to be one of the most advanced regions with regards to the technology adoption and infrastructure. 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. 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 SME market for DDI is expected to grow at the highest CAGR during the forecast period”
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. 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.).