The India domain name registrar market size was valued at USD 23 million in 2022 and is projected to reach a value of USD 36 million by 2031, registering a CAGR of 4.9% during the forecast period 2023-2031.
A domain name is a name that identifies a sphere of administrative autonomy, power, or control on the Internet. For application-specific naming and addressing needs, domain names are utilized in various networking settings. A domain name typically designates a network domain or an Internet Protocol (IP) resource. One is a computer used to access the Internet, a computer that hosts a website, a website itself, or any other service transmitted over the Internet.
In recent years, India's e-commerce market has grown a lot, and between 2016 and 2020, it is expected to grow at over 30% per year. A report from the Indian Brand Equity Foundation (IBEF) says that by 2026, the e-commerce business in India will be worth USD 200 billion. This rise has been fueled by more people getting online, more people using smartphones, and the government's digital programs, like Digital India and Startup India. As more companies move their operations online, there has been a rise in demand for domain names and web hosting services.
For example, the Indian e-commerce company Flipkart registered its domain name in 2007. Since then, it has grown to be one of the biggest e-commerce platforms in India. In the same way, Paytm, an Indian payment and financial services company, registered its domain name in 2005 and has since become a big player in the Indian digital payments market.
The Indian domain name server market faces a big problem with security. Cyberattacks, data breaches, and online fraud are all on the rise, and businesses are becoming more aware of online presence risks. In 2020, Juspay, a payment platform company based in Bangalore, had a data breach that exposed the personal information of millions of customers. Names, phone numbers, email addresses, and card data were among the things that were stolen. Also, in 2018, it was said that the Aadhaar national ID database had been hacked, which exposed the personal information of millions of Indians. People's names, addresses, and Aadhaar numbers may have been revealed by the breach, making people worry about the security of the database. Businesses are becoming more aware of online presence risks and are taking steps to protect themselves from cyber dangers. Domain name registrars in India also improve security by giving secure web hosting, SSL certificates, and other security features. But because cyber threats are getting more complicated, security will continue to be a big problem for India's domain name registrar market for a while.
India's internet usage rate has increased quickly, so more people are getting online. A study from the Internet and Mobile Association of India (IAMAI) says that by 2025, there will be 900 million Internet users in India. This has made more businesses want domain names and web hosting services to have a presence online and reach more people.
For example, in 2008, Zomato, an Indian platform for food delivery and finding restaurants, registered its domain name. Since then, it has become one of India's most famous food delivery platforms. In the same way, the Indian hospitality company OYO Rooms registered its domain name in 2013. Since then, it has grown into one of the biggest hotel chains in India, with locations in over 800 cities.
The India Domain Name Registrar market is segmented based on type, deployment, end-user, and country.
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 6.3% 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 7.6% 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 7.2% during the forecast period.
In India, there are a ton of domain registrants. Everyone wants to build a website for themselves because India is a large country, and many new businesses are starting every day to increase leads or traffic. Almost all organizations require domain names since they provide a distinctive online identity for the company or business. A domain name lends legitimacy to a brand or company; the right domain will strengthen and build the brand.
Additionally, it may mean the difference between a company becoming visible online and disappearing into obscurity.
There are a lot of domestic and foreign players in the market, which makes it very competitive. But the market is projected to keep growing over the next few years. This is because small and medium-sized businesses, startups, and the e-commerce industry will need more domain name registration and web hosting services.
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