557.7 Million Domain Names to be Registered by 2026

14 April 2022: The “Domain Names – Global Market Trajectory & Analytics” Report has been recently released by ResearchAndMarkets.com.

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, are projected to record 6.1% CAGR and reach 353.8 Million Domain Names Registered by the end of the analysis period.

Domain Names Registered in the U.S. The market is estimated at 124.9 Million in 2021, While in China the Figure is Forecast to Reach 81.2 Million

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.

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 the 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 a notion has become even more evident and visible amid the ongoing crisis. A growing number of luxury brands are leaning towards premium domains with the objective to define their authority and expertise in their industry and generate productive leads from search rankings.

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