DUBAI, United Arab Emirates, March 25, 2022 (GLOBE NEWSWIRE) -- Global DDI Market to Register a CAGR of 15.6%, in Terms of Value, During 2022 - 2028; North America to Wield Lion’s Share in the Market During the Forecast Period.
Estimated 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.
| 2022 Market Value | US$ 640.8 Mn | |
| 2028 Market Value | US$ 1,532.2 Mn | |
| CAGR% (2022-2028) | 15.6% | |
| Share of Top 5 Players | 15% | |
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Top 3 Regional Markets for DDI Hold over 50% Value Share
While 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.
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Scope of the Report
| Attribute | Details | |
| Market value in 2022 | US$ 640.8 Mn | |
| Market CAGR 2022 to 2028 | 15.6% | |
| Share of top 5 players | Around 15% | |
| Forecast Period | 2022-2028 | |
| Historical Data Available for | 2013-2021 | |
| Market Analysis | USD Million for Value | |
| Key Regions Covered | North America, Latin America, Europe, South Asia, East Asia, Oceania & Middle East & Africa | |
| Key Countries Covered | US, Canada, Brazil, Mexico, Germany, France, Italy, Spain, U.K., Benelux, Russia, India, Thailand, Indonesia, Malaysia, China, Japan, South Korea, Australia, New Zealand, GCC Countries, Turkey, Northern Africa and South Africa | |
| Key Segments Covered | Component, Application, Deployment Type, Organization Size, Vertical and Region | |
| Key Companies Profiled | • Infoblox, Inc. • Cisco Systems, Inc. • BlueCat Networks, Inc. • Nokia • TCPWave Inc. • PC Network Inc. • Men & Mice • EfficientIP • ApplianSys • FusionLayer • BT Diamond IP • Microsoft Corporation • NCC Group plc | |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives | |
| Customization & Pricing | Available upon Request | |
Businesses Demanding IP Address Management Solutions to Majorly Contribute in DDI Demand Growth
Rising 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. Moreover, IP address management also holds crucial position in the modern business network infrastructure. However, low adoption rate of software-defined networking is found to be one of the key restraining factors in the global DDI marketplace. Software-defined networking provides a new way of delivering peripheral network services, including DDI. However, DDI solution providers are not delivering their software via SDN architectures.
According to the report, constantly increasing popularity of the BYOD (Bring your own device) trend at workplaces will prominently assist the growth of DDI market in the near future. Increasing network complexity and rapid addition of a number of network management points will further intensify the requirement of DDI services, thereby bolstering the revenue growth of market.
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DDI Market Participants to Strategize on Acquisitions
In the fairly consolidated competitive landscape of DDI market, a limited number of regional and local players are competing for firmer market positions. While new product launches and existing portfolio upgrade have been the important strategies assisting growth of companies in the DDI space, strategic acquisitions are most likely to emerge a popular growth strategy among the market participants.
FMI’s report has profiled some of the most prominent companies active in DDI services and solutions landscape, including Infoblox, Inc., Cisco Systems, Inc., BlueCat Networks, Inc., Nokia, TCPWave Inc., PC Network Inc., Men & Mice, EfficientIP, ApplianSys, FusionLayer, BT Diamond IP, Microsoft Corporation, and NCC Group plc, among others.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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