Web Hosting Services Market Size is Expected to Observe Significant Growth by 2027
Web Hosting Services Market
Rising demand for the best hosting services during the COVID-19 pandemic is expected to drive the growth of the web hosting services market.
PORTLAND, PORTLAND, OR, USA, Aug. 8, 2022 /EINPresswire.com/ — Rising number of organizations worldwide and their efforts to have an online presence, proliferation of mobile marketing platforms, availability of mobile web hosting with excellent server performance, rising demand for managed web hosting services and rising calls for best hosting services during COVID-19 pandemic are driving the growth of the global web hosting market web hosting services.
On the other hand, the challenges associated with scalability and maintaining availability are hampering growth to some extent. However, artificial intelligence (AI) in web hosting and increasing adoption of cloud-based gaming solutions are expected to create lucrative opportunities in the industry.
According to the report, the global web hosting services industry was estimated at $57.46 billion in 2019 and is projected to reach $183.05 billion by 2027, registering a CAGR of 15.2% from 2020 to 2027.
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Based on type, the shared hosting segment contributed more than a third of the global web hosting services market share in 2019 and is expected to lead the way by the end of 2027. Indeed , most SMBs prefer this type of web hosting due to the low traffic they receive on the site. The website builder segment, on the other hand, would register the fastest CAGR of 18.0% throughout the forecast period.
Based on the deployment model, the public cloud segment accounted for more than two-fifths of the global Internet hosting services market revenue in 2019 and is expected to maintain its dominance by 2027. This is attributed to the advantages of hosting in public cloud such as scalability, flexibility. price, extreme reliability and high performance. Simultaneously, the hybrid cloud segment would exhibit the fastest CAGR of 17.2% from 2020 to 2027, owing to the advantages that hybrid cloud offers over private and public cloud technology.
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Based on geography, North America held the major share in 2019, generating around two-fifths of the global web hosting services market, owing to the presence of key market players such as AT&T, Amazon Web Services and GoDaddy Inc. as well as the emergence of cloud data centers. At the same time, the Asia-Pacific market would show the fastest CAGR of 19.2% during the forecast period. This is due to the upsurge in the number of small and medium-sized enterprises (SMEs) and increased adoption of digital platforms in the province.
Impact of Covid-19 on Web Hosting Services Market:
• The covid-19 outbreak has driven most business owners to sell their products and services online. This, in turn, has led to an increasing adoption of web hosting services from multiple corners, thereby driving the demand for the global market.
• Additionally, several market players have distributed free hosting services during the initial phase to help businesses amid the pandemic and boost their revenue in due time.
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Major players profiled in the report are AT&T Inc., Just Host, Dreamhost Inc., Easyhost, GoDaddy Inc, Google Inc., Amazon Web Services Inc., 1&1 Internet Inc., and InMotion Hosting.
Main benefits for stakeholders
• This study includes Web Hosting Services market analysis, trends and future estimates to determine impending investment pockets.
• The report presents information related to the major drivers, restraints and opportunities of the Web Hosting Services market.
• The Web Hosting Services market size is quantitatively analyzed from 2019 to 2027 to highlight the financial proficiency of the industry.
• Porter’s Five Forces Analysis illustrates the power of buyers and suppliers in forecasting the web hosting services market.
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