Overview of the Global Domain Market in 2016

Overview of the Global Domain Market in 2016

A new overview study of the global domain market in 2016 has just been published based on data from ICANN and several other specialized sources. The study reveals a 7.1 % overall growth which is a decrease compared to 2015 when it was 11.7%. However, the spike in 2015 was mainly due to new registrations from China. 2016 is still ahead of 2014 when growth was only 4.3%.

It is interesting to note that country-code level Top-Level Domains (ccTLDs) did not mark any growth last year so their development this year will be interesting to observe.

In 2016 the global domain market included 338 million domain names. Of those, 169 million were the traditional generic Top-Level Domains (gTLDs) such as .com, .net, org while new gTLDs made up 28 million of the total number with 141 million left for ccTLDs.

Statistics show that .com still reigned supreme with its 131 million registrations and 39% market share, though its growth has slowed down to only 3.7%. New gTLDs, on the other hand, were doing well accounting for 8% of global domain registrations in 2016.

Even though ccTLDs did not grow, the most dynamic markets were North America and Africa. It turns out that the Asia-Pacific is the region that sets the general market trend due to its vast fluctuations.

In conclusion, the domain market has changed significantly since 2014 with competition increasing and the necessity for optimizing business models intensifying. 2017 may prove year for the domain year.

To read more news on trends in 2016, go to <Top Cybercrime Trends in 2016 you Need to Know about> and <The Highest Selling Domain of the Year Sweeps $3.7 Million>.

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