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.
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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