Sedo, the leading online marketplace for buying and selling domain names, announced the findings of its annual Secondary Domain Market Study, which revealed continued growth in demand for premium domains in 2008.
According to a press release by Sedo, valuable online real estate yielded $77 million in revenue, and resulted in an overall eight percent sales increase over the 2007 total of $72 million.
For the first time, a country code Top-Level Domain (ccTLD), Kredit.de (German word for credit), which sold for more than $1 million, ranked the highest on Sedo’s top 10 domain sales list of the year.
In fact, the German .de country code proved to be the strongest selling ccTLD of 2008 with 6,159 sales. The .co.uk was the second most popular with 1,305 domains and a sales volume of more than $4 million.
Meanwhile, the .us Top-Level Domain (TLD) grew significantly in 2008 with a 12 percent increase in sold domains and a 40 percent growth in sales volume over the previous year.
“Our annual results validate the continued investment momentum in the secondary domain market, despite the slow economy,” Sedo CEO Tim Schumacher said.
“We expect that high quality domain marketplaces such as Sedo, will sustain industry growth this year and beyond as companies, developers and entrepreneurs continue to leverage the web as an effective marketing tool to boost revenue,” he concluded.
SOURCE:AGIPNEWS
