Market Analysis
The global web hosting services market will touch USD 76.2 billion at a 15.9% CAGR by 2023, states the latest Market Research Future (MRFR) report.
Market Segmentation
The global Web Hosting Services Market Size is bifurcated based on type, application, connectivity, and deployment.
By type, the global web hosting services market is segmented into collocated hosting, dedicated hosting, and website builder.
By application, the public website will lead the market over the forecast period.
By connectivity, the global web hosting services market is segmented into Ethernet, MPLS, and fiber.
By deployment, the public segment will dominate the market over the forecast period.
COVID-19 Analysis
The pandemic has boosted the requirement for online games, shopping, online streaming, and other online services during the COVID-19 outbreak. Besides, these rising needs of online services and also online markets all through the world, there was positive and steady growth in the market. This pandemic forced people to work remotely and this leads to an increase in the web hosting services market growth. The remote work increases the need of website services as a huge number of people were included in streaming and gaming throughout the lockdown period.
Drivers
Increase in SMEs across the Globe to Boost Market Growth
The increase in the number of small and medium-sized enterprises across the world and their efforts in having an online presence will boost market growth over the forecast period.
Opportunities
Growth in Cloud Technology to offer Robust Opportunities
The growth in cloud technology will offer robust opportunities in the market over the forecast period. Cloud-based technology provides integration of solutions and services that helps websites in working effectively. This is fueling the adoption of the cloud in web hosting services. These services provide scalable options like pay as you use or the subscription mode.
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Restraints
Increasing Concerns regarding High Cost to act as Market Restraint
The increasing concerns regarding high cost may act as market restraint over the forecast period.
Challenges
Challenges Related to Maintaining Uptime to act as Market Challenge
The challenges related to maintaining uptime and offering scalability may act as market challenge over the forecast period.
Regional Analysis
North America to Lead Web Hosting Services Market
North America will lead the web hosting services market over the forecast period. Technological advances, developing market structure, the presence of key market players, the presence of excess of cloud data centers, and key players increasingly focusing on the deployment and development of advanced hosting services based on AI abilities are adding to the global web hosting services market growth in the region.
Key Players
Eminent industry players profiled in the global web hosting services market report include Amazon Web Services Inc., AT &T Inc., GoDaddy Inc., Endurance International Group, Google Inc., Combell NV, Equinix Inc., Easyhost, 1&1 IONOS Inc., Hetzner Online GmbH, WPEngine Inc., and Liquid Web LLC.
Key players have incorporated several strategies to stay at the forefront such as mergers and acquisitions, partnerships, new product launches and developments, geographic expansions, and much more.
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Web Hosting Services Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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