At a CAGR of 18%, the web hosting services market is valued in USD
PUNE, India, Dec. 20, 2022 (Globe News Service) – Global Web Hosting Services Market Size Worth $75.03 billion in 2020. The market is expected to grow from USD 83.99 billion in 2021 to USD 267.1 billion in 2028, at a CAGR of 18% during the forecast period. The forecasted growth is supported by surging investments by major players such as BFSI, manufacturing, healthcare, and others in developing network solutions across industries. Fortune Business Insights™ mentions this information in their report titled “Web Hosting Services Market Forecast 2022-2028”.
Major industry developments:
Twitter has signed a new agreement with Amazon Web Services (AWS) to leverage AWS capabilities to improve application and service performance. Under the agreement, Twitter will deploy AWS to provide a global cloud infrastructure to deliver Twitter timelines.
GoDaddy announced the acquisition of Uniregistry’s marketplace and domain registrar business. In addition, GoDaddy will also take over Uniregistry’s domain name portfolio, which contains more than 350,000 names.
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Report Scope and Segmentation
| Coverage | detail |
| forecast period | 2021-2028 |
| CAGR Forecast Period 2021-2028 | 18% |
| 2028 Value Forecast | $267.1 billion |
| base year | 2020 |
| Web Hosting Services Market Size 2020 | $75.03 billion |
| historical data | 2017 to 2019 |
| number of pages | 140 |
| Market segments covered | Type, Application, Deployment and Geography |
Report Highlights
Apart from a comprehensive analysis of all segments of the market, the report also provides valuable insights into market drivers, trends, and restraints. Furthermore, the report provides an in-depth study of the regional development and outlook of the market along with a detailed study of the competitive dynamics of the market. Finally, the report also shares a panoramic overview of the overall industry outlook.
COVID-19 impact
The outbreak of the COVID-19 pandemic has caused unprecedented disruption to physical business infrastructure as governments around the world have had to implement lockdowns and social distancing measures to curb the spread of the virus. For example, a survey by the National Bureau of Economic Research (NBER) found that 43% of respondents faced temporary or permanent closures of their U.S. businesses in 2020 due to the pandemic. Similarly, a private survey in India indicated that the pandemic will hit 74% of start-ups in the country.Hence, this dire situation has resulted in a lower CAGR for the market 11.9% and reaches a value 83.99 billion 2021.
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market drivers
Escrow services for start-ups to boost market emergence
The proliferation of start-ups and small businesses around the world has led to a strong demand for cost-effective and sustainable online platforms. Since the accessibility of the internet is rapidly increasing, these entities place great emphasis on maintaining a strong virtual presence and growing their business in the digital space. In order to cater to this demand, some companies that provide web hosting services for start-up companies have emerged as the times require, and are gaining momentum around the world. For example, Hostwinds is a virtual private server (VPS) hosting provider that provides reliable service and 24/7 technical support to small businesses and startups in the US and UK. Likewise, Bluehost offers a web hosting platform with features like GB file transfers, free templates, domain names, and unlimited domain hosting, all under one account. Hence, the emergence of web hosting companies providing professional services to start-ups will accelerate the growth of this market.
Incorporation of AI in Web Hosting Services Opens New Prospects for Market Growth
One of the most promising factors driving the growth of the web hosting services market is the incorporation and integration of artificial intelligence (AI) and machine learning (ML) technologies in hosting platforms. AI and ML enable web service providers to create and deliver stronger, more comprehensive offerings to customers. For example, the ongoing threat of cyberattacks and related crimes can be mitigated using AI. Algorithms and firewalls powered by AI can detect bugs and malware and alert providers of potential threats they may pose to the platform. AI can also improve the accuracy and proficiency of a website by handling routine tasks. For example, AI-enabled chatbots can communicate with website visitors and provide them with basic information about services. In turn, this optimizes domain performance. Hence, artificial intelligence offers limitless opportunities for web service companies, which favors the growth of this market.
marketing department
Based on type, the market segments include shared hosting, dedicated hosting, co-located hosting, virtual private server hosting, and others.
Based on application, the market is segmented into public websites, mobile applications, internal websites, and online applications.
In terms of deployment, the market is segmented into public cloud, private cloud, and hybrid cloud.Here, the public cloud sector will grow in 2020 with 51.6%.
By region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Regional insight
North America to generate $34.32 billion in revenue in 2020 and will lead the market until 2028
North America is expected to dominate the web hosting services market share during the forecast period, generating revenue worth $34.32 billion 2020. The region’s leading position is attributed to the intense competition among small businesses in the region in the virtual space. Furthermore, the widespread adoption of smartphones and social media in the U.S. and Canada has also prompted companies to focus their efforts on maintaining a dynamic presence on digital platforms.
Europe will be the second largest revenue-generating region, supported by the region’s robust network infrastructure, 5G rollout, and IT outsourcing trends. In Asia Pacific, the steady shift of businesses to online platforms with increasing policy support will spur the demand for web hosting services in the foreseeable future.
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competitive landscape
Agreement between social media giant and web services firm to boost competition
Companies offering professional web hosting services are actively partnering with social media giants to broaden their reach. These collaborations also help SMEs access next-generation technologies and leverage digital tools to expand their market presence.
List of key players covered in this market report:
- SiteGround (Sofia, Bulgaria)
- Digitalocean, Inc. (New York, USA)
- Equinix, Inc. (California, USA)
- Clearlake Capital Group (California, USA)
- Hostinger International, Ltd. (Kaunas, Lithuania)
- Amazon.com, Inc. (Washington, USA)
- GoDaddy Operating Company, LLC (Arizona, USA)
- Google Inc. (California, USA)
- Liquid Web LLC (Michigan, USA)
- WPEngine, Inc. (Texas, USA)
- 1&1 IONOS Inc. (Montabaur, Germany)
- Cloudflare (California, USA)
- Alibaba Cloud (Hangzhou, China)
- DreamHost (California, USA)
- AT&T Inc. (Texas, USA)
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main directory:
- Global Web Hosting Services Key Players Market Share Insights and Analysis 2020
- Key market insights and strategic recommendations
- Company Profile
- overview
- key management
- Headquarters, etc.
- Product/Business Unit
- key details
- Staff size
- main financial data
- past and present income
- geographic share
- business unit share
- recent development
- overview
- Attachments/Appendices
- Global Web Hosting Services Market Size Estimates and Forecasts (Quantitative Data), By Segment, 2017-2028
- By Type (USD)
- shared hosting
- dedicated hosting
- Collocated Hosting
- Virtual Private Server Hosting
- Other (reseller hosting, etc.)
- By Application (USD)
- public website
- mobile application
- internal website
- apply online
- By Deployment ($)
- public cloud
- Private Cloud
- hybrid cloud
- By Region (USD)
- North America
- Latin America
- Europe
- middle east and africa
- Asia-Pacific
- By Type (USD)
- North America Web Hosting Services Market Size Estimates and Forecasts (Quantitative Data), By Segment, 2017-2028
- By Type (USD)
- shared hosting
- dedicated hosting
- Collocated Hosting
- Virtual Private Server Hosting
- Other (reseller hosting, etc.)
- By Application (USD)
- public website
- mobile application
- internal website
- apply online
- By Deployment ($)
- public cloud
- Private Cloud
- hybrid cloud
- By Country (USD)
- By Type (USD)
- Global Web Hosting Services Market Size Estimates and Forecasts (Quantitative Data), By Segment, 2017-2028
TOC continues…!
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