Published: 07/02/2024
2023 saw the domain name market grow by 3.7%, compared with 1.4% in 2022. This performance is misleading however, as it was due to a small number of TLDs posting very significant changes.
.COM recorded its worst year yet with three negative quarters, particularly Q4, a situation which may not bode well for 2024. This mediocre performance can be attributed to negative price elasticity in terms of current fees.
nTLDs gained 1 pp of market share, contributing to the net balance of 38% compared with 69% for ccTLDs (due to the negative contribution of the .COM TLD). Other Legacy TLDs were ahead slightly thanks to .ORG which gained 1% and to the .ASIA and .PRO “small” Legacy TLDswhich were very dynamic in 2023.
ccTLDs made headway in all of the world’s regions, the top two most dynamic being Asia- Pacific (+6.6%) and Africa (+6.5%). Both these regions made progress at the expense of Europe which, with growth of just 1.3%, lost 1.1 pp of market share.
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2023 saw the domain name market grow by 3.7%, compared with 1.4% in 2022. This performance is misleading however, as it was due to a small number of TLDs posting very significant changes.
.COM recorded its worst year yet with three negative quarters, particularly Q4, a situation which may not bode well for 2024. This mediocre performance can be attributed to negative price elasticity in terms of current fees.
nTLDs gained 1 pp of market share, contributing to the net balance of 38% compared with 69% for ccTLDs (due to the negative contribution of the .COM TLD). Other Legacy TLDs were ahead slightly thanks to .ORG which gained 1% and to the .ASIA and .PRO “small” Legacy TLDswhich were very dynamic in 2023.
ccTLDs made headway in all of the world’s regions, the top two most dynamic being Asia- Pacific (+6.6%) and Africa (+6.5%). Both these regions made progress at the expense of Europe which, with growth of just 1.3%, lost 1.1 pp of market share.
Read more / Download PDF
