Web Hosting Services Market Analysis
The global web hosting services market will reach USD 288.29 billion at a 16.31% CAGR by 2030, states the new Market Research Future report.
Web Hosting Services Market Drivers
Growing Demand to Improve Performance of Website to Boost Market Growth
The growing demand to improve performance of website will boost market growth over the forecast period. The need for websites is increasing constantly as more and more people incorporate online services into their daily lives. The current rise of the market for web hosting services is being fueled by the escalating demand.
Revenue Forecast in 2030:
USD 288.29 Billion
CAGR of 16.31% from 2022 to 2030
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Booming E-commerce Sector to offer Robust Opportunities
The booming e-commerce sector will offer robust opportunities for the market over the forecast period for the rising use of mobile computing as well as easy accessibility of the internet.
High Technology Cost to act as Market Restraint
The high cost of technology and lack of technical expertise may act as market restraints over the forecast period.
Lack of Security Measures to act as Market Challenge
The lack of security measures and growing sophistication of cyber-attacks may act as market challenges over the forecast period.
Web Hosting Services Market Segmentation
The web hosting services market is bifurcated based on deployment, connectivity, application, and type.
By type, the web hosting services market is segmented into collocated hosting, dedicated hosting, and website builder.
By application, the public website market will lead the market over the forecast period.
By connectivity, the web hosting services market is segmented into Ethernet, MPLS, and fiber.
By deployment, public will dominate the market over the forecast period.
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The COVID-19 problems essentially had an impact on every market in the world. Governments in practically every nation imposed lockdowns during this epidemic because the situation was out of control. The governments made the decision to implement the lockdown in order to curb the massive increase in COVID cases. The Web Hosting Services Market Analysis indicates that during the COVID-19 pandemics, there is a surge in demand for online services such as online gaming, streaming, shopping, and other online services. Additionally, the market for web hosting services had positive and consistent growth as a result of the expanding needs for online services and marketplaces around the globe. Additionally, the majority of individuals were obliged to work remotely due to the epidemic, which increased demand for web hosting services. Additionally, since many individuals used streaming and gaming services during the lockdown, remote work raises the demands placed on website services. As a result, the COVID 19 has some favorable impacts on this market and raises the revenue from web hosting.
Web Hosting Services Market Regional Analysis
North America to Steer Web Hosting Services Market
The market was dominated by North America. The U.S. market, which has the most websites available online, is responsible for this high percentage. In addition, a number of prominent industry companies, such as Google, LLC, GoDaddy Operating Company, LLC, and Amazon Web Services, have a sizable presence in the area. Due to the large percentage of smartphone users in the region and the rising demand for web hosting among local SMEs in the region to support the expansion of their businesses, North America will have the fastest growing market share in 2020, with a market share of over 28%. Additionally, the public and private cloud solutions offered by many important regional players, including as GoDaddy, Newfold, AWS, Shopify, and others, are thought to support the expansion of the business in the area. When it comes to service providers, the US has the highest stake in the region, accounting for over 40%. The ageing infrastructure, increasing company focus on R&D breakthroughs, and technical advancements are all contributing to North America's expanding dominance in the world market for web hosting services. The market's expansion is also being supported by the existence of significant players like Amazon Web Services, Inc. (U.S.); Magic Leap; Microsoft; and Google LLC.
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Europe to Have Significant Growth in Web Hosting Services Market
From 2020 to 2027, Europe is projected to grow at a CAGR of more than 16%. Nations like the U.K. & Germany are influencing this region's rapid growth. As of 2018, Germany had more over 7 million domains, accounting for a significant portion of all websites and domains hosted online. In addition, the European Union is spending money to create a more dependable and secure IT infrastructure in response to the May 2017 WannaCry ransomware strike. Governments from both developed and emerging countries are increasing their investments in building out their IT infrastructure, which is fueling the market's expansion. Additionally, the market is expected to increase as a result of the increasing demand for online delivery websites and the growing digitalization.
Web Hosting Services Market Key Players
Eminent industry players profiled in the global web hosting services market report include Amazon Web Services Inc. AT &T Inc. GoDaddy Inc. Endurance International Group Google Inc. Combell NV Equinix Inc. and Easyhost 1&1 IONOS Inc.
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