Increase in demand for managed web hosting services; and the availability of web hosting services with excellent server performance and features at the lowest prices.
PORTLAND, PORTLAND, OR, USA, August 18, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the global market web hosting services industry was pegged at USD 57.46 billion in 2019 and is projected to reach USD 183.05 billion by 2027, showing a CAGR of 15.2% from 2020 to 2027. The report offers an in-depth analysis of the evolution of market trends, key segments, major investment pockets, value chain, competitive landscape and regional scenario.
Increase in number of organizations globally and their efforts to have an online presence, proliferation of mobile marketing platforms, availability of web hosting services with excellent server performance, increase in demand for services managed web hosting services and increase in calls for the best hosting services during the COVID-19 pandemic, drive the growth of the global web hosting services industry.
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On the other hand, 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.
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 builders 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.
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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Finally, this report provides market insights in the most comprehensive way. The structure of the report has been kept to provide maximum business value. It provides essential insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those looking to enter the market.
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Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We are in professional business relationship with various companies. It helps us to extract market data which helps us to generate accurate research data tables and confirm utmost accuracy in our market predictions. All data companies in the domain are affected. Our secondary data sourcing methodology includes in-depth insights presented in the reports we publish, drawn from primary interviews with senior online and offline research leaders and discussions with relevant industry professionals and analysts.