DDI Market Likely to Surge at a Vigorous 15.6% CAGR Growth between 2022 to 2028 | Report by FMI
The DDI Market is expected to reach US$ 1532.2 Mn in 2028, likely to surge at a vigorous 15.6% CAGR growth between 2022 to 2028. Estimated to observe a whopping 15% rate of the yearly growth in revenue, the global DDI market projected an impressive growth outlook. 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 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.
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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.
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.
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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DDI Market Outlook by CategoryBy Component, DDI Market Demand is segmented as:
- DDI Solutions
- Managed and Support Services
- Professional and Training Services
By Application, DDI Market Outlook is segmented as:
- Network Automation
- Virtualization and Cloud
- Data Center Transformation
- Network Security
By Deployment Type, DDI Market Outlook is segmented as:
By Organization Size, DDI Market Outlook is segmented as:
- Large Enterprises
- Small and Medium Enterprises (SMEs)
By Vertical, DDI Market Outlook is segmented as:
- Information (Telecommunication & IT)
- Finance and Insurance
- Public Administration
- Health Care and Social Assistance
- Educational Services
- Retail Trade
By Region, DDI Market is segmented as:
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa (MEA)