The rise in the number of organizations across the globe and their efforts to have an online presence, increase in mobile marketing platforms, and availability of web hosting services with excellent server performance fuel the growth of the global web hosting services market.
Impact of Covid-19 on Web Hosting Services Market:
- The outbreak of covid-19 made most business owners sell their products & services online. This, in turn, led to increasing adoption of web hosting services from several corners, thereby, boosting the demand for the global market.
- Also, several market players doled out free hosting services during the initial phase to help businesses amidst the pandemic and raise their revenue in due course.
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The web hosting services market is segmented on the basis of type, deployment model, application, end user, and region.
Based on type, the shared hosting segment held the highest market share, with more than one-third of the market share in 2019. The segment is expected to maintain its dominance by the end of 2027. However, the website builders segment is expected to register the fastest CAGR of 18.0% throughout the forecast period.
Based on deployment model, the public cloud segment held more than two-fifths of the global market revenue in 2019, and is anticipated to lead the trail by 2027. However, the hybrid cloud segment is expected to manifest the fastest CAGR of 17.2% from 2020 to 2027.
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Based on geography, the market is studied across regions including Asia-Pacific, Europe, North America, and LAMEA. The market across North America region held the major share in 2019, with two-fifths of the global web hosting services market. Nevertheless, the market across Asia-Pacific is expected to exhibit the fastest CAGR of 19.2% during the forecast period.
According to the report published by Allied Market Research, the global web hosting services industry was pegged at $57.46 billion in 2019, and is projected to reach $183.05 billion by 2027, manifesting a CAGR of 15.2% from 2020 to 2027. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, value chain, competitive landscape, and regional scenario.
Key players profiled in the report include AT&T Inc., Just Host, Dreamhost Inc., Easyhost, GoDaddy Inc, Google Inc., Amazon Web Services Inc., 1&1 Internet Inc., and InMotion Hosting.
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