There are almost 220 million registered domain names on the web, a new report released by VeriSign has revealed.
The company informed that the internet grew by 2.3 per cent or 4.9 million domain names in the third quarter of 2011 when compared to the previous quarter.
VeriSign revealed that compared to the same quarter last year, there had been an increase of 8.9 per cent or 18 million domain names, the main reason behind which seems to be the growth of country code top level domains (ccTLD).
The company said that there was a 2.7 per cent rise in the market for ccTLDs during the third quarter over the previous quarter. The market grew by 9.8 per cent when compare to the same quarter last year.
VeriSign informed that it had not taken generic top level domains into consideration. Generic TLDs have been given the go ahead by the Internet Corporation for Assigned Names and Numbers (ICANN), which plans to continue with the application process till April 2012.
"Perhaps the most fascinating aspect of the Internet Corporation for Assigned Names and Numbers (ICANN) plan to create new gTLDs is the expected emergence of several new gTLD categories of use that could fundamentally change the way Top Level Domains are used and how organisations position their online identity," VeriSign wrote in its report [PDF].