Europe Domain Name Registrar Market

Market Overview

The Europe domain name registrar market size was valued at USD 253 million in 2022 and is projected to reach a value of USD 383 million by 2031, registering a CAGR of 4.7% 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 domain name registrar is a company that handles domain name registration for the Internet. A country code top-level domain (ccTLD) registry or a generic top-level domain (gTLD) registry must accredit a domain name registrar for them to work together. The rules of the selected domain name registries are followed by registrars when conducting business. They are in charge of keeping the contact details and a database of all domain names that have been registered. Additionally, registrars offer tools and services for setting up, maintaining, and renewing domains.

Market Dynamics

Europe Domain Name Registrar Market Drivers

Growing e-Commerce Market

E-commerce is on the rise in Europe, and more and more people are shopping online. The European e-commerce market was worth €717 billion in 2020, according to a study by Ecommerce Europe, and it is expected to grow by 10% in 2021. Because of this growth, businesses must set up an online profile and sell their goods and services through e-commerce platforms.

For example, the U.K. has a well-established e-commerce business, and more and more people are shopping online there. Popular in the U.K. are online markets like Amazon and eBay, but there are also a lot of smaller e-commerce businesses that need domain names to set up their online stores. Domain name registrars with a strong foothold in the U.K. include GoDaddy, 123 Reg, and Names.co.uk. These companies serve the needs of e-commerce businesses in the country.

Europe Domain Name Registrar Market Restraints

Security Concerns

As cyber threats and data breaches become more common, businesses and individuals are becoming more worried about the safety of their online assets, including their domain names. This can make people less likely to register or move domain name registrars, slowing the market's growth. In 2020, OVH, a company that sells domain names and hosts websites, had a big fire in one of its data centers in Strasbourg, France. The fire did a lot of damage to the data center and caused many of OVH's users to lose their data. The event showed how important it is for domain name registrars and web hosting companies to have security and disaster recovery plans. In answer to what happened, OVH said it would add more security measures and put more money into data center security and disaster recovery. But the incident hurt OVH's image and may have made some customers switch to other domain name registrars and web hosting companies.

Europe Domain Name Registrar Market Opportunities

The Growing Number of Small and Medium-Sized Enterprises

There are a lot of small and medium-sized businesses (SMEs) in Europe, and more and more of them are going online. A report by Eurostat said that small and medium-sized businesses made up 99% of all businesses in the European Union and hired more than two-thirds of the workforce. As more small and medium-sized businesses (SMEs) in Europe switch from traditional storefronts to online businesses, the need for domain name registration services grows.

For example, more than 3 million small and medium-sized businesses are doing well in Germany. Many of these businesses are starting to do business online, and they need domain names to make their online presence look professional and trustworthy. Domain name registrars with a strong foothold in Germany include 1&1 IONOS, united-domains A.G., and Namecheap. These companies serve the country's small and medium-sized businesses (SMEs).

Regional Analysis

The Europe domain name registrar market is segmented based on the country into Germany, France, the U.K., Italy, Spain, and the Rest of Europe. Germany is expected to dominate the market, registering the highest CAGR of 5.9% over the forecast period.

In Europe, you can get domain name options for more than 50 countries and 350 names. Due to the enormous number of individual domain name extensions available across 50 nations in Europe, Europe maintains the second greatest proportion of the global domain name registrar market, accounting for around 25–29%, after North America. Around 53% of companies and individuals in Europe have adopted 'com' domains, according to Internet Corporation for Assigned Names and Numbers (ICANN). The largest nations with numerous ".eu" domains, according to the European Commission's estimation, are Germany (1 million), the Netherlands (497,000), France (343,000), Poland (308,000), and the United Kingdom (317,000). Additionally, some major players, including Namecheap, GoDaddy, Gandi.com, and 1&1 IONOS, hold a sizable portion of the market in Europe. For the French.com, .net, .org, .biz, .info, .name, .be, .fr, and .eu are top-level domain extensions, Gandi.com is one of the first domain name registrars approved by ICANN. It provides more than 600 domains.

Segmental Analysis

The Europe 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 4.1% 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 5.4% 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 5.0% during the forecast period.

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.