Asia Pacific Domain Name Registrar Market Size, Share & Trends Analysis Report By Type (Generic Top-Level Domains , Country Code Top Level Domains ), By Deployment (On-Premises, Cloud ), By End-User (Enterprises, Non-Profit Organizations, Others) and By Country(China, Korea, Japan, India, Australia, Taiwan, South East Asia, Rest of Asia-Pacific) Forecasts, 2023-2031

Market Overview

The Asia Pacific domain name registrar market size was valued at USD 221 million in 2022 and is projected to reach a value of USD 384 million by 2031, registering a CAGR of 6.3% during the forecast period 2023-2031.

Highlights

• Generic top-level domains dominated the market by type. 
• Cloud dominated the market based on deployment
• Enterprises dominated the market by end-user.

A company that reserves Internet domain names is called a "domain name registrar." A generic top-level domain (gTLD) registry or a country code top-level domain (ccTLD) registration must accredit a domain name registrar. A registrar follows the rules set by the domain name organizations it works with.

Market Dynamics

Asia Pacific Domain Name Registrar Market Drivers

Growing e-Commerce Market

Asia-Pacific's burgeoning e-commerce industry is increasing at a breakneck rate, fueled by the rapidly expanding use of smartphones and higher consumer spending. As a result of this growth, there is a substantial increase in the demand for domain names as businesses work to establish an online presence and connect with new consumers. For instance, according to Forrester Research, the e-commerce industry in India is swiftly expanding, and online retail sales are projected to reach $99 billion by 2024. This presents a substantial opportunity for domain name registrars in India as companies seek to establish an online presence and leverage into the expanding e-commerce market. The expansion of e-commerce in a country is fueled by increasing internet penetration, rising smartphone adoption, and a strengthening digital infrastructure.

Asia Pacific Domain Name Registrar Market Restraints

Cybersecurity Concerns

Businesses and consumers in the Asia-Pacific region are very concerned about cybersecurity, and domain name registrars are not exempt from these dangers. A security lapse at the domain registrar Webnic in 2019 gave hackers access to several consumers' domain names. The attack impacted some Chinese, Malaysian, and Singaporean websites, which caused some of them to redirect to phishing pages. This incident highlighted the dangers of domain hijacking, which can seriously harm a company's brand and finances. Domain name registrars and their clients may be impacted by distributed denial of service (DDoS) assaults, a frequent cyberattack. A significant DDoS assault that affected the Australian domain registrar Melbourne IT in 2018 caused its services to be unavailable for several hours. The Armada Collective, a gang that wanted a ransom payment in exchange for ending the attack, was blamed for the attack. Even though Melbourne IT could ultimately resume operations, the incident served as a reminder of the dangers of DDoS attacks and the necessity of effective cybersecurity measures.

Asia Pacific Domain Name Registrar Market Opportunities

Growing Internet Penetration

Asia-Pacific has the most people who use the internet, and this number is growing quickly. This gives domain name companies a big chance to make money since businesses and people in the area want to establish an online presence. China has more people who use the internet than any other country. It has more than 1.4 billion people, more than any other country. According to the China Internet Network Information Center, there were 989 million Internet users in China as of December 2020. This is a 70.4% usage rate. With so many people using the internet, there is a big market opportunity for domain name registrars in China as more companies and people try to get online.

Regional Analysis

The Asia Pacific domain name registrar market is analyzed by country across China, India, Japan, Southeast Asia, Australia, and the Rest of Asia-Pacific. China is expected to dominate the market, registering the highest CAGR of 6.7% over the forecast period.

In the Asia-Pacific region, '.asia' is the top-level domain name system for the continent of Asia. In 2018, more than 80% of. Asia domain entries came from within Asia. China, India, Australia, Japan, Singapore, and Malaysia were the countries with the most registrations. In places like China, Japan, and India, culture and language are very different and include more than 90 languages. This gives the market a lot of possibilities. For example, China is one of the fastest-growing areas in the Asia-Pacific region for domain name registrars. In the coming years, there is a lot of opportunity for the Chinese-language domain name market to grow. GoDaddy, Namecheap, and HiChina, all important domain name registrars, have a strong presence in Asia-Pacific. GoDaddy will likely use strong marketing campaigns to help the growing number of small and medium-sized businesses (SMEs) in India grow their online profile.

Segmental Analysis

The Asia Pacific domain name registrar market is segmented based on type, deployment, and end-user.

The market is further segmented by type into generic and country code top-level domains.

The Generic top-level domains segment dominates the market and is expected to grow at a CAGR of 5.8% during the forecast period.

By deployment, it is further segmented into on-premises and cloud.

The cloud dominated the market and is expected to register a CAGR of 7.0% over the forecast period.

The market is further segmented by end-user into enterprises, non-profit organizations, and others.

The enterprise segment dominates the market and is expected to grow at a CAGR of 6.7% during the forecast period.

Impact of covid-19

Recent Developments

• May 2023- Microsoft and GoDaddy collaborated to Enable Payments for Online Meetings.
• In 2021- More responsive designs and new features like e-commerce integration and SEO tools were added to ATAK Domain Hosting.