Dublin, Sept. 28, 2023 (GLOBE NEWSWIRE) -- The "Global Web Hosting Services Market Size, Share & Industry Trends Analysis Report By Deployment Mode, By Application, By End User (Enterprise and Individual), By Type, By Regional Outlook and Forecast, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global web hosting services market is expected to experience significant growth, with a projected market size of $241.8 billion by 2030. This growth is anticipated to occur at a compound annual growth rate (CAGR) of 15.1% during the forecast period. Several key factors are contributing to this growth:
Geographical Leadership: North America is currently leading the web hosting services market, generating $29,872.5 million in revenue in 2022. This leadership is attributed to North America's early adoption of web hosting services and its technological advancement. Cloud hosting services, in particular, gained popularity during the pandemic due to their advantages, including enhanced security and data management capabilities. The widespread availability of websites in North America has also driven this growth.
Technological Advancements: New technologies, such as artificial intelligence (AI) in web hosting and the increased use of cloud-based gaming solutions, are creating opportunities in the market. AI can automate various operations, including marketing, website maintenance, and customer care, leading to cost savings and enhanced security. These technological advancements are attracting businesses looking to keep up with the latest trends and regulatory compliance requirements.
Increasing Demand for Managed Hosting: The lack of technical expertise among businesses, coupled with the need to keep up with technological advancements, is driving the demand for managed web hosting services. This is particularly true for businesses that want to focus on their core operations while outsourcing their hosting needs.
Growing End-User Base: The increasing digitization of workflows and the growth of end users, both on a large and small scale, are contributing to the expansion of the web hosting services market.
Deployment Modes: The hybrid cloud deployment mode is gaining prominence, offering a balance between security and cost-effectiveness. Companies are increasingly adopting hybrid cloud hosting services to leverage the flexibility of both public and private clouds, allowing them to choose the best cloud platform for each workload and application.
Application Diversity: Various applications, including public websites, intranet sites, mobile applications, and web applications, are driving the demand for web hosting services. Public websites, in particular, are a significant segment due to the need to reach a large audience.
End-User Segmentation: Web hosting services are increasingly popular among individuals for personal use, allowing them to create websites, blogs, and professional email addresses.
Type of Hosting: Shared hosting, which involves hosting multiple websites on a single server, is the most prevalent type, particularly for small websites and blogs. It is known for its cost-effectiveness.
Regional Growth: The Asia Pacific region is exhibiting notable growth, driven by increased investment in software-based product R&D, infrastructure development, and the shift from physical to online platforms among local and international businesses.
Key Market Players
List of Companies Profiled in the Report:
- IONOS Inc. (United Internet AG)
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- AT&T, Inc.
- BLUEHOST INC. (Newfold Digital, Inc.)
- DREAMHOST INC.
- EASYHOST (team.blue)
- GoDaddy Inc.
- Google LLC (Alphabet Inc.)
- InMotion Hosting, Inc.
- Liquid Web, LLC
Overall, the web hosting services market is witnessing significant growth opportunities, driven by technological advancements, changing business needs, and the increasing importance of an online presence in today's digital world.
For more information about this report visit https://www.researchandmarkets.com/r/m6xz8w
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