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Domain Name Registrar
The global domain name market represented about 340 Million names registered till the year end 2016, with an overall growth rate of about 7.1%. The growth of domain names is primarily, owing to rising demand among business and individuals webspace. Domain name registrars are the entities, that allows the business to register for the desired domain names for marketing purpose. To acquire the web address, customers pay the domain name registrar a flat or monthly fee to register the site. Domain name registrars are accredited by Internet Corporation for Assigned Names and Numbers (ICANN), a non-profit organization that has been given the responsibility of allocating IP addresses and managing the Domain Name System.
The global domain name registrar market was valued at a worth of USD 2,350 Million in 2020 and is estimated to grow at a CAGR of 4.6% during the forecast period 2022- 2031.
Market Dynamics
Rapid growth of e-commerce sector is one of the major trend that is expected to drive the market growth during the forecast period 2019-2026. Domain name registration is the primary step to be taken by a company to make its online market presence, thus demand for domain name registrar increases simultaneously.
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Moreover, a survey conducted by Go Daddy in 2015, found that about 55-60% of very small business have little or no online presence. Additionally, SME’s contribute to about 95% of all the enterprises in the OECD countries. Thus, small and medium scale business segments pose a huge potential for the growth of domain name registrar market during the forecast period.
Intended Audience
• Domain Name Registrars & Registries
• Non-Profit Organizations
• E-commerce Companies
• Small and Medium Enterprises
Market Segmentation
The global domain name registrar market is mainly…
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