Global Domain Names Strategic Market Report 2023-2030 - U.S. Market is Estimated at 131.8 Million Domain Names Registered, While China is Forecast to Grow at 12% CAGR
DUBLIN, Sept. 25, 2023 /PRNewswire/ -- The "Domain Names - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Domain Names Market to Reach 745.5 Million Domain Names Registered by 2030
The global domain names market is experiencing remarkable growth, with an estimated 431.8 million domain names registered in 2022. This growth is expected to continue, reaching 745.5 million domain names registered by 2030, driven by a robust 7.1% CAGR during the analysis period of 2022-2030.
In today's digital age, the Domain Names Market plays a pivotal role in global business expansion, enabling companies to establish their online presence and tap into the vast potential of the digital economy. The number of registered domain names serves as a key indicator of economic growth and future online trends.
The market is divided into two segments: generic top-level domains (TLDs) and country code TLDs, both of which exhibit strong potential in terms of registration numbers. As businesses and individuals increasingly recognize the importance of domain names in the evolving internet landscape, the market continues to expand.
Among the segments analyzed in the report, generic TLDs are expected to achieve a 6.3% CAGR, reaching 431.6 million domain names registered by the end of the analysis period. Growth in the country code TLDs segment is estimated at an even higher 8.1% CAGR over the next 8 years.
This growth is not limited to specific geographic regions, as it spans across the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, and the Rest of the World. Notably, the U.S. domain names market is estimated at 131.8 million domain names registered in 2022.
Meanwhile, China, the world's second-largest economy, is expected to reach 129.4 million domain names registered by 2030, with a robust CAGR of 12% during the analysis period from 2022 to 2030. Other noteworthy markets include Japan and Canada, with growth forecasts of 2.5% and 5.5%, respectively, over the 2022-2030 period. Within Europe, Germany is expected to grow at an approximate 2% CAGR, showcasing the global significance of the domain names market in the digital era.
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