Viral Hits: Demand for Industry Services Will Likely Grow as Services Are Increasingly Conducted Online
Web domain names have evolved into something entirely different since they first appeared in the 1980s. Simple domain names have become valuable marketing tools and represent entire brand identities, leading to a burgeoning market of web domain name sales. Growth in internet usage for over two decades has translated into fast-rising revenue in domain name sale companies, with expanding internet traffic volume providing companies with a near-constant pool of new registrants. Massive investments in technology in recent years have only doubled down on the industry's growth - tech advances expand what domain name sale companies can offer clients while leading more businesses and organizations to search for a domain name. In all, industry-wide revenue has been rising at a CAGR of 4.6% over the past five years - totaling an estimated $9.5 billion in 2023 - when revenue will jump an expected 6.1%.
This industry sells internet domain names that define an owned collection of resources. Companies in this industry do not provide internet access services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Godaddy Inc.
Methodology
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