The Global Domain Names Market is Projected to Reach 536.2 Million Cumulative Registrations by 2024

Rapid Internet Penetration and Improving Global Economy to Drive Growth in the Domain Names Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and forecasts on the global Domain Names market. The global Domain Names market is projected to reach 536.2 million cumulative registrations by 2024, driven by rapid Internet penetration and bandwidth expansion in developing regions, smartphone adoption, and improving global economy.

Domain name is basically a web address that enables users to navigate the Internet easily. Domain names are identification strings comprising alphanumeric ASCII characters (including A-Z, 0-9 and a-z) which are used in a number of application-specific addressing and naming purposes and networking contexts. As users would find it difficult to remember long sequence of numbers, domain names were formed to simplify Internet browsing. Domain names represent any IP resource, including a server computer that hosts a web site, a web site itself, a service communicated through the Internet or a personal computer used to access the Internet. Every domain name comprises a number of components, namely Top Level Domains (TLDs), Second Level Domain (SLDs) names and Third Level Domain names. TLDs include country code top-level domains (ccTLDs) such as .uk, .in and .ca among others and generic top-level domains (gTLDs) such as .com, .org, .gov, .int and .mil among others. Almost all countries and territories have ccTLD name assignment.

The market has been witnessing growth led by the growing demand among businesses and individuals for personal webspace. Recent introduction of new choices and options resulted in the overall expansion of domain space. With global economy showing signs of improvement, individuals and businesses alike have higher disposable income to spend on creating online presence. This is anticipated to propel the market further. Moreover, with emerging markets creating Internet infrastructure at a rapid pace, there is tremendous scope for continued growth of domain name registration as well as usage in these markets. The increasing use of Internet and availability of reliable and better Internet connections in developing countries is expected to push number of domain names registrations in future. In addition, launch of International Domain Names (IDNs) that feature non-Latin alphabets will result in additional domain name registrations in future.

As stated by the new market research report on Domain Names, Europe, in terms of cumulative domain name registrations, represents the largest regional market worldwide. Asia-Pacific is forecast to grow at the fastest CAGR of 9.6% over the analysis period, led by growing Internet penetration, online advertising, and increasing e-commerce transactions. Value of quality domain names is set to increase significantly in the future supported by growing adoption of Internet all over the world. Moreover, increased inventory of gTLDs and their potential in making a brand popular has resulted in investors and businesses taking active interest in the domain industry.

Major players covered in the report include 1&1 Internet AG, 123 Reg, Ltd., Afilias Ltd., ARI Registry Services, Domain.com, LLC., Donuts, Inc., GMO Internet, Inc., GoDaddy, Inc., Key-Systems GmbH, Melbourne IT Group, Minds + Machines Group Ltd., Moniker Online Services, LLC., Namecheap, Inc., NeuStar, Inc., Nominet UK, Register.com, Rightside Group, Ltd., Shopify, Inc., Tucows, Inc., Enom, Inc., United Domains AG, VeriSign, Inc., Web.com Group, Inc., Wix.com, Inc., and Znet Technologies Pvt. Ltd., among others.

The research report titled “Domain Names: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Austria, Belgium, Czech Republic, Denmark, The Netherlands, Poland, Sweden, Switzerland, Turkey, and Rest of Europe), Asia-Pacific (Australia, China, India, South Korea, and Rest of Asia-Pacific), Latin America (Argentina, Brazil, Mexico, and Rest of Latin America), and Rest of World. The report also analyzes the Domain Names market by the following domain types – Country Code TLDs, and Generic TLDs.

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