Global Domain Names Registered to Reach 557.7 Million by 2026

01 July 2021: A new market study published by Global Industry Analysts Inc., (GIA) in its report titled “Domain Names – Global Market Trajectory & Analytics” says Global Domain Names Market to Reach 557.7 Million Domain Names Registered by 2026.

A domain name is basically a web address or an e-mail address that enables users to navigate the Internet easily. Domain names are identification strings which are used in a number of application-specific addressing and naming purposes and networking contexts. Domain names comprise alphanumeric ASCII characters, including A-Z, 0-9 and a-z. The characters are not case sensitive. A domain name may contain a hyphen provided it is in the middle of digits or characters.

Amid the COVID-19 crisis, the global market for Domain Names estimated at 379.2 Million Domain Names Registered in the year 2020, is projected to reach a revised size of 557.7 Million Domain Names Registered by 2026, growing at a CAGR of 6.7% over the analysis period. Generic TLDs, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach 353.8 Million Domain Names Registered by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Country Code TLDs segment is readjusted to a revised 7.6% CAGR for the next 7-year period.

A peculiar trend observed during the ongoing COVID-19 crisis is the increased penchant for premium domain names. Because of COVID-19, there has been a visible and hurried shift to a digital-first economy and massive growth in the internet user base across the world with some regions showing growth as high as 70% during the first three quarters compared to same period in 2019. For businesses in general and premium and lifestyle brands in particular, domain names always play a crucial role in the online identity and such notion has become even more evident and visible amid the ongoing crisis.