DNIB.com Reports Internet Has 359.8 Million Domain Name Registrations at the End of the Fourth Quarter of 2023
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Insights
The domain name industry serves as a digital economy's bedrock, with its growth closely tied to online business activities. The reported 0.2% quarterly growth in domain name registrations, although modest, is indicative of a sustained, albeit slow, expansion in the digital space. This growth trend is corroborated by the 2.5% year-over-year increase, signaling a steady demand for digital presence among businesses and individuals.
However, the 0.7% quarterly decrease in .com and .net registrations could suggest market saturation or a shift in consumer preferences towards alternative TLDs or social media platforms for online identity. The slight decrease is not alarming but warrants attention to future trends in domain name registration preferences. The stability of country-code TLDs, with a 4.0% year-over-year increase, reflects a growing emphasis on localized digital presence, which could be driven by regional marketing strategies and local consumer engagement.
VeriSign's report has implications for investors, particularly in understanding the company's revenue streams linked to domain registrations. The slight decrease in .com and .net domain registrations might raise concerns about future revenue growth, as these TLDs are traditionally cash cows for the company. However, the overall domain name industry growth could mitigate these concerns, suggesting that the company's diversified TLD portfolio might absorb the fluctuations in .com and .net registrations.
Moreover, the continued growth in ccTLD registrations could open up avenues for VeriSign to capitalize on the localization trend. For stakeholders, the key takeaway is to monitor VeriSign's strategic moves in response to these shifts, such as partnerships, pricing strategies, or expansion into new TLDs, which could affect the company's market position and financial health in the mid to long term.
From a technology perspective, the domain name industry is a critical component of the internet's infrastructure, with TLDs serving as the real estate of the online world. The growth in domain name registrations reflects ongoing digital transformation initiatives across industries. It's important to note that the decline in .com and .net registrations does not necessarily indicate a decline in the overall health of the internet or the digital economy but may point to a diversification in the types of TLDs being registered.
This trend could be influenced by the introduction of new generic TLDs (gTLDs) and a push for digital branding diversity. The data suggests that businesses and consumers are seeking more personalized and localized online identities, which could lead to innovation and growth in domain name services and related industries such as web hosting, online marketing and cybersecurity.
The .com and .net TLDs had a combined total of 172.7 million domain name registrations in the domain name base at the end of the fourth quarter of 2023, a decrease of 1.2 million domain name registrations, or
New .com and .net domain name registrations totaled 9.0 million at the end of the fourth quarter of 2023, compared to 9.7 million domain name registrations at the end of the fourth quarter of 2022.
Total country-code TLD (ccTLD) domain name registrations were 138.3 million at the end of the fourth quarter of 2023, an increase of 0.2 million domain name registrations, or
Information about the statistical methodology used in creating the Domain Name Industry Brief Quarterly Report and DNIB.com’s dashboards is available here.
About DNIB.com
DNIB.com, sponsored by Verisign, provides global statistical and analytical research and data on the domain name industry, plus analyses of key policy, security, and technology trends. The latest Domain Name Industry Brief Quarterly Report, previous reports, and interactive dashboards with expanded domain name industry data are all available at DNIB.com.
About Verisign
Verisign (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, enables internet navigation for many of the world’s most recognized domain names. Verisign helps enable the security, stability, and resiliency of the Domain Name System and the internet by providing root zone maintainer services, operating two of the 13 global internet root servers, and providing registration services and authoritative resolution for the .com and .net top-level domains, which support the majority of global e-commerce. To learn more please visit verisign.com.
VRSN
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240214102064/en/
Investor Relations: David Atchley, datchley@verisign.com, + 1 703-948-3447
Media Relations: Dave McGuire, davmcguire@verisign.com, + 1 703-948-3800
Source: VeriSign, Inc.
FAQ
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