Domain suffix significance
Domain suffix defines the category of the website and .com is used for commercial purposes. Since the majority of the websites are used for commercial purposes .com is the oldest and widely used domain suffix in the world and it has become the gold standard for registration. 46% of the world's website use .com
Sign of trust
Since it is the most widely used domain suffix in the world, It gives credibility and comes with a sense of trust to the people because people see more of it in their daily life and link it to legitimacy. This is normal human behavior.
Sales
It is by far the most premium and expensive top-level domain. It has high demands in the market. It has very high resale prices too compared to other domain extensions.
TLD benefits
.com doesn't have any specific rules attached to it like if you have to buy a .us domain extension you have to prove your residency in the US but you can literally go global with .com. This is a big reason big companies or startups go with it as it has no restrictions or rules tied to it.
SEO benefits
The main work of SEO is to show the most relevant website to the user and search engines are known to rank .com websites better than country-specific domain extensions in universal search results. A URL needs to be memorable and sometimes people just assume that you have a .com domain suffix this gives an upper edge to the website
Issues
One of the issues with the .com domain suffix is its availability. In most cases .com will be sold for your business name and it will hard to get.
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