According to a survey published by Fior Markets, the DDI Market is predicted to rise from USD 533 Million in 2020 and to reach USD 1771.61 Million by 2028, growing at a CAGR of 16.2% during the forecast period 2021-2028.
The DDI Market is witnessing significant growth form the past years. The DDI Market is expected to be impacted by the growing demand for cloud computing in different communications and IT industries. The growing need for industrial Internet of Things (IoT) platforms, as well as the widespread usage of virtualization by businesses, are likely to propel the DDI Market forward. The Internet of Things (IoT) allows physical objects with electronics to communicate with software that collects all data. The IoT platform is the name of the framework. Today, the majority of businesses are using IoT to improve their operations and processes. IoT platforms require a vast number of devices, frameworks, and IP services to be implemented on a big scale. At this scale and degree, IoT platforms demand a dynamic and reliable DDI solution. As a result, the growing need for IoT platforms is expected to drive up demand for commercial DDI solutions. Clients using a common framework for IoT projects need DDI to manage large-scale IP addresses. For companies that are installing internally controlled IoT platforms, automated DNS, or diversified IPv6, using DDI based on IoT platforms delivers efficient operational benefits.
DNS, DHCP, and IP address management are all part of the DDI. It is a system that provides the initiative with the tools it needs to manage many duties connected to IP address management, as well as DHCP and DNS service administration across the internet network, conveniently and rapidly. DNS, DHCP, and IP address management solutions are essential for many corporate administration tasks. According to current trends, the DDI solution may save more than half of the OPEX associated with IPAM, DNS, and DHCP.Larger businesses are likely to save money as a result of this. In addition, the DDI offers a variety of functions, such increased assaults on the expansion of bring your own device (BYOD) at work, reduction in operating expenditure (OPEX), DNS server, and emergence for Internet of Things (IoT) platforms, among others.
The Internet of Things (IoT) allows physical items with electronics and software to communicate and gather data. The IoT platform is the structure that allows this to happen. The Internet of Things (IoT) is now being used by the majority of businesses to improve their operations and processes. IoT platforms require a vast number of devices, frameworks, and IP services to be implemented on a big scale. A dynamic and resilient DDI solution is required for IoT platforms of this size and scope. As a result, the growing need for IoT platforms is expected to drive up demand for commercial DDI solutions. SDN stands for Software-Defined Networking, which is a way of managing and monitoring computer networks using open interfaces and software tools. The technique or platform through which network application services achieve their goal is known as SDN infrastructure. SDN offers a fresh way to plan, design, construct, and run networks that support abstraction, virtualization, and authenticity in server infrastructure. SDN also opens up new possibilities for deploying mobile devices and managing DDI services on them. However, a few DDI manufacturers are not deploying their commercial DDI software using SDN topologies. The incorrect description of SDN use cases and the necessity for an environment with OpenFlow support in the switches for the adoption of real-time SDN infrastructure are some of the reasons why businesses do not deploy SDN.
Key players operating in global DDI Market include Nokia Corporation (France), BlueCat Networks (Canada), Cisco Systems (US), Microsoft Corporation (US), Infoblox (US), EfficientIP (US), BT Diamond IP (US), Men & Mice (Iceland), FusionLayer (Finland), PC Network (US), TCPwave (US).
To gain a significant market share in the global DDI Market, the key players are now focusing on adopting strategies such as product innovations, mergers & acquisitions, recent developments, joint venture, collaborations, and partnership. To acquire market share and a long-term competitive edge, these industry giants are pursuing a variety of inorganic development techniques.
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Cloud Based segment held the largest market share of 46% in the year 2020
On the basis of Deployment Type, the global DDI Market is segmented into Cloud Based , On Premises. Cloud Based segment leaded the market and held the largest market share of 46 % in the year 2020. In the DDI industry, cloud deployment is a dynamic deployment approach that is done according to network needs. One of the primary benefits of cloud-based deployment is that it allows businesses to monitor the network’s status in real time from a remote place. It also lowers the implementation cost because no data is stored on-premises, lowering the initial investment as well as the ongoing costs of maintaining these systems. Cloud deployment is being considered by businesses since a solution provider offers remote network administration at a low cost.
Telecom and IT segment held the largest market share of 42% in the year 2020
On the basis of End-User, the global DDI Market is segmented into Telecom and IT, BFSI, Government and Defence, Healthcare and Life Sciences, Education, Retail, Manufacturing. Telecom and IT segment dominated the market and held the largest market share of 42% in the year 2020. Telecom and IT firms deal with complicated networks that must be upgraded on a regular basis to keep up with the industry’s rapidly changing technical needs, necessitating the use of effective DDI solutions and services. Protecting DNS servers against malicious assaults, high resilience, and centralised network administration and monitoring are all important components of the telecom and IT industries, which account for a large portion of the DDI business.