Report Indicates Domain Registrations Are Slowing
Posted on February 24, 2009The Wall Steet Journal's Digits blog reports that a Verisign report indicates that domain registrations fell 17% in the fourth quarter compared to the 4th quarter fo 2008. There were also slightly less new domains registered in 2008 compared to 2007.
It should not be a big suprise that the pace of domain registrations is slowing given the major recession that is occuring.Domain registrar VeriSign's latest report on the state of the industry shows that while more than 10.1 million new Web addresses were registered in the fourth quarter, this was a 17% drop from the year-earlier period.
The report, which drew from data provided by VeriSign, domain-data provider ZookNIC and the nonprofit Internet Corporation for Assigned Names and Numbers, or ICANN, also showed a yearlong decline: new domain registrations averaged 11.9 million in 2008, compared with 12.2 million in 2007.