This week, consulting firm Zinnov released a report about the state of the Domain name industry in India, which stated that Domain name registrations had grown 11.9% CAGR per year from June 2013 to June 2016, compared to 8.7% globally.
The report stated that as of June 2016, registrations in India had crossed 4.9 million compared to 335 million globally. .COM was the most popular domain, making up 55% of the Indian domain name market, with .IN in second at 28% and .NET trailing at 4%.
Zinnov stated that the states with a higher penetration of internet users also had a higher domain name adoption. The top 3 states were Maharashtra, Delhi/NCR and Karnataka which accounted for 38% of the registered domain names in India.
The report also stated that approximately 79% of SME’s in India preferred a .COM domain over other extensions, 46% preferred an .IN domain and 25% registered both extensions.
Pari Natarajan, CEO and Co-Founder of Zinnov said:
Technology has continued to be the key transformative factor driving the Indian economy. The rapidly growing Internet user base as well as the ever increasing number of technology enabled SMBs has helped India witness significant growth in domain name adoption over the last few years. Increased awareness about the various usages of domain names including websites, professional email, redirects to social media pages and trade portal etc. will further help drive the market.