Website hosting is a service that enables businesses and individuals to publish websites and web pages on the internet. A website host, also known as a website hosting service provider, provides the services and technology necessary for a web page on the website to be seen on the internet. To manage website hosting and store website data, service providers rely on a massive server system.
With the growth of startups, more and more businesses are opting to build and host their websites and due to which this has become a Global Website Hosting Services Market. Let’s understand the market overview.
Web Hosting Services Market Analysis
From 2020 to 2027, the global web hosting services market is predicted to increase at a compound annual growth rate (CAGR) of 15.5 per cent. There are several sorts of web hosting services, including shared, colocation, dedicated, and Virtual Private Server (VPS). The service enables businesses and individuals to publish business-related and personalised material on the internet via a website.
Over the forecast period, an increasing number of organisations around the world are expected to boost the market growth. These businesses make their websites available on the internet to boost their online visibility and for marketing objectives. But what exactly is web hosting?
Web Hosting Services Market Size
By 2028, the global web hosting services market is estimated to reach USD 267.10 billion, increasing at an annual rate of 18.0%. The market value was USD 75.03 billion in 2020, according to a Fortune Business InsightsTM analysis titled “Web Hosting Services Market, 2021-2028.”
The Pandemic Affect
Due to an increase in online purchasing, COVID-19 has been tremendously profitable for the global web hosting services sector. The increased reliance on consumables and other commodities for everyday needs is likely to increase the stress on website servers, driving up demand for hosting services. According to MRFR’s report, demand for online multiplayer games, streaming services, and online content consumption has resulted in a 20 per cent increase in network traffic. Consumers are shopping online while conforming to COVID standards, and product sales are increasing. Furthermore, web hosting firms’ discounts for small businesses can bring in more cash to the market.
In the e-commerce industry, website hosting services are bringing about revolutionary developments. These services make it simple for business owners to construct and maintain their websites on the internet. Some businesses are financially insecure and unable to promote their websites on the internet on their own; these service providers assist them in promoting and marking their presence on online platforms at a low cost. It is the most straightforward method of promoting a company globally.
Web Hosting Services Market Region
The global website hosting services market is divided into five regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Due to rapid technological advancement and the presence of significant players in this area, North America is expected to account for a large part of the global website hosting services market during the forecast period, signalling growth prospects of the website hosting services market in this area. From 2019 to 2027, Europe is expected to be the second-largest market for website hosting services.
During the forecast period, Asia Pacific is predicted to be a quickly expanding region of the worldwide website hosting services market, owing to rising demand for controlled hosted private-cloud platform services and increased usage of digital platforms amongst small and medium businesses.
Web Hosting Services Market Share
In 2019, the enterprise segment led the market in terms of revenue, had a share of 90.46 per cent. The increased focus of businesses on establishing their business presence through internet platforms can be ascribed to this high percentage. The tremendous prospects for these organisations to focus on online channels are being driven by the rapidly expanding customer preference for online purchasing. As a result, the market for web-hosted services is predicted to rise from 2020 to 2027, owing to increasing client preference for online purchases.
Now that you understand what is the current situation of the Global Web Hosting Services Market, let’s check out the list of Best Website Hosting Services.
Best Website Hosting Service
- WP Engine
- InMotion Hosting
Companies in the sector are attempting to expand their geographic reach and build a broad customer base. They are working hard to open new doors in order to help various start-ups and e-commerce websites implement innovative services that include AI, IoT, and other technologies. As a result, the rise of web hosting companies that provide specialised services to startups would hasten the market’s expansion.
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