June was huge for Domain Registration market

June was huge for Domain Registration market

The Dot Com boom might have become history now, but the domain market is still hot. June recorded the second largest number of domains registered in the history as per reports released by Netcraft. The company claimed that they received responses from 67,571,581 sites in their surveys, which is a gain of around 2.76 million hostnames from June.

This means that at least 2.76 million new domains were started in the period which is the second largest number reported since March 2003, when they recorded an increase of around 3.3 million. The latest news also ended months of stagnation and kicked off 30 consecutive months of positive growth for the Web.

The company claimed that following factors led to this increasing demand for new websites: Increasing use of the Internet by small businesses as web sites and online storefronts become more affordable. The explosive growth of weblogs, a growing number of which are purchasing domains for branding purposes. Speculation in the market for domain names, buoyed by rising resale prices and the ability to generate revenue via pay-per-click advertising on parked domains. Strong sales of online advertising, especially keyword-based contextual ads that support business models for both domain parking and commercial weblogs.

The first seven months of the current year itself have recorded a massive 10.7 million hostnames and the year should now easily surpass the existing record of 16 million hostnames in 2000.

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