Global Domain Name Market to Reach 557.7 Million Registered Domain Names by 2026 | News
SAN FRANCISCO, March 24, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Domain Names – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.
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Editing: 19; Published: February 2022
Executive commitments: 47714
Companies: 460 – Players covered include 1&1 IONOS Inc; 123 Reg, Ltd. ; Affiliates Limited; Domain.com, LLC.; Donuts, Inc.; GMO Internet, Inc.; GoDaddy, Inc.; Key-Systems GmbH; Melbourne Computing Group; Minds+Machines Group Limited; Moniker Online Services, LLC. ; Namecheap, Inc.; NeuStar, Inc.; Nominet United Kingdom; Register.com; Shopify, Inc.; Tucows, Inc.; Enom, Inc.; United Domains SA; VeriSign, Inc.; Web.com Group, Inc.; Wix.com, Inc.; Znet Technologies Pvt. ltd. and others.
Blanket: All major geographies and key segments
segments: Type (generic TLDs, country code TLDs)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Netherlands; Poland; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Rest of the world.
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The global domain name market will reach 557.7 million registered domain names by 2026
A domain name is basically a web address or an email address that allows users to easily browse the Internet. Domain names are identification strings that are used in a number of application-specific addressing and naming purposes and in networking contexts. Domain names include ASCII alphanumeric characters, including AZ, 0-9, and az. The characters are not case sensitive. A domain name can contain a hyphen provided it is in the middle of numbers or characters. The Domain Name System (DNS) successfully weathered the COVID-19 storm as users continued to register new domain names. Despite the outbreak, the DNS has witnessed relentless activity related to records. The growth of the domain name market is supported by economic growth. The increase in the number of new projects and companies generates a demand for new domain names. Amid the COVID-19 crisis, the global domain name market, estimated at 431.8 million registered domain names in 2022, is expected to reach a revised size of 557.7 million registered domain names by 2026, growing at a CAGR of 6.7% over the analysis period. Generic TLDs, one of the segments analyzed in the report, is expected to register a CAGR of 6.1% and reach 353.8 million registered domain names by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the country code TLD segment is readjusted to a revised CAGR of 7.6% for the next 7-year period.
Domain names registered in the US market are estimated at 131.8 million in 2022, while in China the figure is expected to reach 81.2 million by 2026
The domain name market in the United States is estimated at 131.8 million domain names registered in 2022. China, the world’s second largest economy, is expected to reach a projected market size of 81.2 million registered domain names by 2026, growing at a CAGR of 11.8% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 2.3% and 5.2% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 1.8%.
A particular trend observed during the current COVID-19 crisis is the increased penchant for premium domain names. Due to COVID-19, there has been a visible and precipitous shift towards a digital economy and massive growth in the Internet user base across the globe, with some regions showing growth of up to 70% over the past few years. first three quarters compared to the same period. in 2019. For businesses in general and premium and lifestyle brands in particular, domain names still play a crucial role in online identity and this notion has become even more evident and visible amid the current crisis. A growing number of luxury brands are turning to premium domains in an effort to define their authority and expertise in their industry and generate productive leads from search rankings. Premium domain names are simple, clean and descriptive and correspond exactly to the operations of the brand. Due to their unique design, premium domain names represent one of the best methods to rank high in online search results, which becomes essential for businesses in the prevailing complex online search scenario. Continued
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