Evolve Business Intelligence has published a research report on the Global Domain Name Registrar Market, 2021–2030. The global Domain Name Registrar market is projected to exhibit a CAGR of around 11% during the forecast period of 2022 to 2030.
Evolve Business Intelligence has recognized the following companies as the key players in the global Domain Name Registrar market are 1 and 1 ionos inc, Bluehost inc, DreamHost, LLC, flippa.com pty ltd, Gandi sas, GoDaddy inc, HiChina, hostgator.com LLC, Hostinger international ltd, Namecheap, inc
The global Domain Name Registrar market is projected to be valued at USD 5.9 billion by 2030, recording a CAGR of 10% during the forecast period. Domain name registrars are responsible for registering domain names. They are one of the most important players in the world of internet commerce, acting as a go-between for registrants and regulators. They provide a range of domain name registration services to consumers, companies, and other organizations. , including domain name registration, domain name transfer, and domain name dispute resolution. By purchasing a domain name, a brand creates long-term brand recognition, which is a great way to strengthen its online presence. Businesses have content writers, who can write about all the benefits of registering a domain name, promoting this as a viable option for companies looking to dominate the market in their field of expertise.
The COVID-19 pandemic has left most industries and sectors reeling from the effects. This is largely due to supply chain disruptions from all the lockdowns during the pandemic, which left companies scrambling for resources. With many COVID-19 cases, new and stringent regulations have arisen. The pandemic impacted the domain name registrar industry as well. The government imposed a lockdown, that affected the number of new companies registering for a domain name. This has led to a decrease in the number of domain registrars for new companies.
The global Domain Name Registrar market has been segmented based on domain type, deployment, end-use industry, and region.
By domain type, the global Domain Name Registrar market has been segmented into Generic Top-level domains and Country Code top-level domains. The Country Code top-level domains segment is the fastest growing in the global Domain Name Registrar market. The Country Code top-level domains segment is the fastest-growing in the Global Domain Name Registrar market, which is attributed to the increasing number of Internet users, and the rising demand for advanced technology such as smartphones, tablets, and wearable devices. This growth is also attributed to the increasing industry involvement in the domain name registry industry
Based on the end-use industry, the global Domain Name Registrar market has been segmented based on Enterprises, Non-profit Organizations, and Others. The enterprise segment is the fastest-growing market segment in the domain name registrar industry. The main reason for this is the presence of large organizations that are aware of the importance of having an online presence. The presence of these names increases the confidence of customers who are willing to pay to gain an ‘online identity for their business. The most important factor that the domain name registrar industry is based on is the registration of domain names.
Geographically, the global Domain Name Registrar market has been categorized as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. In North America, the market has been growing over the last few years due to a boom in smartphones and, because many companies are using them for marketing and sales purposes and are offering innovative technology-based services. As such, businesses have begun to offer more services to their customers like domain name registration for affordable prices. With the boom in domain registrations, domain name registrars have been popping up left and right. Domain name registrars act as the middle man between website registrants and the Internet Corporation for Assigned Names and Numbers. As a result of the deregulation of domain name registrars, new companies have been able to enter the market which has led to a range of options for customers. The numbers of internet users in South America are rising rapidly, with many users seeking to connect to the internet through smartphones. This has helped drive up the demand for domain name registrars in South America, with the number of registrars in the region has increased