Web Hosting Services Market Overview:
The web hosting services market industry is projected to grow from USD 99.9 Billion in 2022 to USD 287.49 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.3% during the forecast period (2022 - 2030).
There are several types of web hosting services, including shared, dedicated, colocation, and virtual private servers (VPS). The service allows businesses and people to use an online platform to distribute tailored and business-related content. Web hosting services are net services that propose space on a web server for hosting a website. The rising competition among businesses and growing digitalization are driving businesses to change to online platforms.
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Key Players:
Key Companies in the web hosting services market include,
- Amazon Web Services Inc
- AT T Inc
- GoDaddy Inc
- Endurance International Group
- Google Inc
- Combell NV
- Equinix Inc
- Easyhost
- 11 IONOS Inc
Further, owing to the augmented business competition, small and medium enterprises are investing in enlarging their online existence by launching websites. This is driving the demand for province names across businesses. Since the popularity of company owners have begun to sell their goods services online, the widespread has had a tremendous impact on demand for web hosting services. By providing an online virtual zone, web hosting companies have made it possible for businesses to encourage their goods and services on the internet. Additionally, several market members provided free hosting services for a short period to support and assist businesses during COVID-19 and the epidemic. Mail chimp stated in July 2020 that it would offer free website builders and bespoke domains for up to 5 years to assist small businesses with the COVID-19 issue.
Regional Analysis:
North America is booming its dominance in the global web hosting services market owing to factors like the aging infrastructure, and the rising focus of the companies on innovations obtained from research and development and technological upgradations. Additionally, the existence of major players in this region such as Amazon Web Services, Inc. (U.S.); Magic Leap; and Google LLC is also boosting the growth of the market.
Asia-Pacific is expected to have the greatest CAGR. The growth of the region is attributed to the growing investments in the RD of software-based products. To boost economic growth, many nations, notably China, India, and others, are growing their investments in infrastructure.
Market Segmentation:
The global Web Hosting Services Market has been segmented into type, application, and deployment
Based on type, The Global Web Hosting Services Market has been segmented into shared hosting, dedicated hosting, collocated hosting, virtual private server hosting, and others.
Shared hosting dominated the market with an extreme share during the estimated period. The shared cloud offers capabilities of unstable to the partial cloud with on-site applications and the comfort of data migration. With high scalability and convenience, hybrid hosting proposes full control and security of the website. This is likely to initiate the demand for hybrid hosting services.
By application, The Global Web Hosting Services Market has been segmented into the public website, mobile applications, intranet sites, and online applications. The public website is anticipated to lead the market due to the growing number of small and medium enterprises. The rapidly rising competition among SMEs is pouring the demand for online websites to expand their business existence.
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Based on Deployment, The Global Web Hosting Services Market has been segmented into public cloud, private cloud, and hybrid cloud based on deployment. The public cloud is anticipated to dominate the market share during the estimated period. The public cloud offers several subscription options along with high flexibility. The growing business operations and growth opportunities for enterprises are pouring the demand for the public cloud.
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