Market Research Future (MRFR) has recently published a report on web hosting services market asserting that the global web hosting service market is anticipated to project significant expansion at a noteworthy CAGR of 16% during the forecast period of 2016-2022 and reach USD 154 Bn by the end of 2022.
Web hosting services facilitate the individuals or organizations with technologies and services required for the web page or websites to be viewed on the World Wide Web. The rapid development of e-commerce and the increasing demand for promotional platforms by the entrepreneurs in various sectors are some of the major drivers of the global web hosting services market. The high influx of various small to large players in the e-commerce industry is fueling the expansion of the global web hosting services market.
As the technology is advancing further, the demand for cloud-based solutions in various fields is increasing at a rapid pace, leading to the expansion of the global web hosting services market. The increasing inclination towards entrepreneurship is inducing demand for online platforms for promoting and handling the businesses by purchasing web domains and creating websites and web pages, resulting in the expansion of the global web hosting services market.
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The growing trend of blogging is another driver causing the expansion of the global web hosting services market. The innovative initiatives undertaken by the service providers for business expansion in the global web hosting services market are creating multiple opportunities for the growth of the global web hosting services market during the forecast period.
However, the increasing number of low-cost service providers in the web hosting services market and slow progress in technological aspects in the underdeveloped regions are likely to decelerate the growth of the global web hosting services market during the forecast period.
The prominent players in the Web Hosting Services Market are – Amazon Web Services (U.S.), AT&T Inc. (U.S.), Dreamhost Inc. (U.S.), Earthlink Inc. (U.S.), Equinix Inc. (U.S.), Google Inc. (U.S.), Endurance Technologies Ltd. (U.S.), GoDaddy Inc. (U.S.), Justhost (U.S.), Web.Com Group, Inc. (U.S.), among others.
The global web hosting services market has been segmented on the basis of type and application. Based on type, the web hosting services market is segmented into website builders, shared hosting, dedicated hosting, and collocated hosting.
Based on application, the web hosting services market is segmented into public website, intranet site, mobile application, and online application.
The global web hosting services market has been segmented into four major regions such as North America, Europe, Asia Pacific, and the rest of the world. The North America region is leading the global web hosting services market owing to the rapid technological advancement and the large pool of companies in the e-commerce sector. The increased demand for managed hosted private cloud services by enterprises and domestic sourcing requirements in various areas are resulting in the significant growth of the web hosting services market in the Asia Pacific region. The rapid growth of hosted internet protocol (IP) telephony and unified communication as a service (UCaaS) is creating colossal growth opportunities for the service providers in the Europe region leading to the remarkable expansion of the web hosting services market in this region.
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- IT Solution Providers
- Government Organizations
- Research/Consultancy firms
- Business Organizations
- Web Hosting Service Providers.
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