Web Hosting Services Market Overview
By 2028, the global web hosting market is expected to reach $183.05 billion, rising at a CAGR of 15.2 percent between 2020 and 2028. It was valued at $57.46 billion in 2019. Hosting a website or application on the Internet is a service provided by a web host. Collective service offers are the primary means through which independent website hosts supply web hosting services. Virtual private servers, collocated hosting, dedicated hosting, shared hosting, and cloud hosting are some of the services offered by hosts. Advancement in web hosting services provides several advantages, such as improved speed, more secure servers and more security.
As far as web hosting services are concerned, public cloud hosting is projected to be the most popular deployment strategy in the next years because of its scalability, flexibility, stability and high performance advantages. Small and medium-sized businesses are increasingly adopting this deployment technique because of the aforementioned advantages. In contrast to the private and public cloud, hybrid cloud offers several distinct benefits. As a result, this category is predicts to develop the fastest. Security and uptime are two of the main advantages of these deployment strategies as compared to the public cloud.
As a result of their openness, public websites continue to command a sizable portion of the worldwide web hosting services market share in 2019 and are anticipates to do so for the foreseeable future as well. In this way, businesses may reach a broad audience with their offerings by utilising public-facing websites. Despite this, the mobile application market is predicts to develop at the fastest rate due to the increasing usage of smartphones and the increasing globalisation of the web.
Key Players Analysis
It’s no secret that the abundance of cloud data centres in North America has led to a dominance of the web hosting services industry by major firms like AT&T, Amazon Web Services, and GoDaddy Inc This region’s key businesses have been progressively concentrating on the development and deployment of innovative hosting services based on AI capabilities. There is predicts to be a significant increase in small and medium-sized businesses (SMEs) in Asia-Pacific, which will lead to the greatest growth rate throughout the projection period. It’s also a boost to the web hosting services business that governments in this region are introducing digitalization programmes.
Pre- and post-pandemic effects of the COVID-19 virus on the market for web hosting services
Current predictions for 2027 are greater than those made prior to COVID-19. In the midst of unusual conditions, the usage of web hosting services has expanded with little damage from the COVID-19 epidemic. As a result of the epidemic, a large number of companies have begun selling their products and services online. A virtual area provided by web hosting companies has allowed businesses to promote their products and services online.
To support businesses during the epidemic, a number of market participants gave free hosting services for a short period of time. If you’re a small business in the COVID-19 situation, you’ll be able to get up to five years of custom domains and website builder at no cost through June 30, 2020.
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Management web hosting services have seen a rise in sales.
Demand for managed web hosting services is charge by factors such as regulatory compliance requirements.
Increased pressure on businesses to keep up with technological changes, and a lack of technical experience. Increased acceptance of managed hosting, where the hosting providers focus on the technical aspects of maintaining a website, has propelled the market’s rise.
Key Market Players
- 1&1 INTERNET INC.
- AMAZON WEB SERVICES INC.
- AT&T INC.
- BLUEHOST INC.
- DREAMHOST INC.
- GODADDY INC.
- GOOGLE INC
- INMOTION HOSTING
- JUST HOST