The domain name industry has growth 16 per cent compared to 2007 according from Verisign. 24 million new domain names were created in 2008, the most registrations are de (Germany), cn (China), .net, .org, .com and .uk. This means that in the future it will wait to spur more growth. Verising explained that “it is still growing significantly, specifically on the international side”. Wann added that; "Demand has now been created for fully international TLDs, to the left and right of the dot, which will result in a lot of growth opportunities for everyone involved. But there are still a couple of technical and business challenges to be resolved before this can be implemented.", Wann explained that they need to be prepared technically and give support when somebody need it. Also he added that the advent of new generic TLDs (gTLDs) would help to further expand and grow the market.
However, there are different opinions from Phil Kingsland, Director of Marketing and Communications at .uk registry, he was more prudent about expansion, adding that it is still difficult to predict about the future of gTLDs. There are also challenges, cost and how organizations interested in owning one of the gTLDs, as this will give them significant potential to create their own space on the internet.
ICANN admitted this week that its plans to launch new gTLDs are running behind schedule.
People need to wait in order to know what will be happened with the new gTLDs issue.