A recent report published by Infinium Global Research on the website hosting services market provides an in-depth analysis of segments and sub-segments in the global as well as regional website hosting services market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional website hosting services market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global website hosting services market. According to the report, the Global Website Hosting Services Market is projected to grow at a CAGR of 15% from USD 57 Billion in 2020 to over USD 62 Billion in 2026 during the forecast period of 2020- 2026.
Website hosting is a service that allows companies and individual users to post websites or web pages on the internet platform. A website host or website hosting service provider provides the services and technology required for the web page and website to be viewed on the internet platform. Also, service providers use a large server system to control the website hosting and store the website data. Furthermore, website hosting services are bringing about revolutionary changes in the e-commerce industry. These services provide an easy online business platform for business owners to create and maintain their business websites. Some companies are financially unhinged and are unable to promote their business website individually on the internet; these service providers help them to promote and mark their presence on internet platforms at a minimum charge. It is the simplest method to promote a business internationally.
The growth of the global web hosting services market is primarily driven by some aspects such as a surge in the number of SMEs around the world and their efforts to have an online presence. Furthermore, the proliferation of mobile marketing platforms, increase in demand for managed web hosting services, and availability of web hosting services with excellent server performance and features at the cheapest prices also boost the market growth. Additionally, the upsurge in demand for the best hosting services during the COVID-19 pandemic is estimated to drive the growth of the web hosting services market in the near future. On the other hand, challenges associated with providing scalability and maintaining uptime may hinder the market growth to some extent. Conversely, artificial intelligence (AI) in web hosting and the rise in adoption of cloud-based gaming solutions is anticipated to provide lucrative opportunities for market growth during the projection period.
Additionally, the COVID-19 outbreak has a positive impact on the web hosting services market, as the web hosting services adoption has amplified in the face of exceptional circumstances. The pandemic has significantly pushed demands for web hosting services as most business owners have started to sell their products & services online. Web hosting providers have enabled businesses to showcase their products & services on the website by providing an online virtual space. Moreover, numerous market players offered free hosting services for a few months to help businesses during the COVID-19 pandemic and uplift them in the time of the epidemic.
Among the geographies, the North America region is expected to hold the largest share in the global web hosting services market. The industry is expected to offer huge opportunities for web hosting services market growth on account of the presence of numerous key players. Also, the North American region has a strong base of technology which boosts the web hosting services market growth. Furthermore, the Asia Pacific region is anticipated to witness high growth in the web hosting services market during the forecast period. The growing investments in developing the IT infrastructure by the governments of various developing nations such as China, Indonesia, Vietnam, and South Korea which is further augmenting the demand for web hosting services in this region.
The report on the global website hosting services market covers segments such as component, application, deployment, and end user. On the basis of component, the sub-markets include shared hosting, dedicated hosting, virtual private server (VPS) hosting, colocation hosting, and others. On the basis of application, the sub-markets include intranet website, public website, and mobile application. On the basis of deployment, the sub-markets include public, private, and hybrid. On the basis of end user, the sub-markets include enterprises, and individuals.
The report provides profiles of the companies in the market such as Amazon Web Services, Endurance International Group, 1&1 IONOS Inc., Liquid Web, LLC, Google LLC, GoDaddy Operating Company, LLC, Hetzner Online GmbH, Alibaba Cloud, Equinix, Inc., and WPEngine, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the website hosting services market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.