Web Hosting Services Global Market – Overview
The global web hosting services market is showing immense growth; mainly due to the growing focus on reducing the total cost of website ownership and the need to hedge the hidden costs of web technology. Web hosting services refers to a service that allows organizations and individuals to post a website or web page on to the Internet. A web host, or web hosting service provider, is a business that provides the technologies and services needed for the website or webpage to be viewed in the Internet. Websites are hosted, or stored on special computers called servers.
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According to a recent study report published by Market Research Future, The global market of Web Hosting Services is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023). The web hosting services has made a revolutionary change in the ecommerce business. Major feature that comes with these services is the website hosting also allows you to create the databases which is simply indispensable for the online business owners. The other exciting features that you can add to your website with the help of a website hosting include shopping carts for e-commerce sites, forums, communities and chat panels. These features help in communicating with the customers and know their views on the site. Also, the growing popularity of e-commerce is one major factor driving the growth of Web Hosting Services Market. On the other hand, lack of awareness regarding the benefits of web hosting services is one major factor driving the growth of web hosting services market.
MRFR’s segmental analysis of the global web hosting services market has been performed on the basis of type, application, connectivity, deployment, and region. Types of web hosting services include shared hosting, website builder, dedicated hosting, and collocated hosting. The website builder segment has been established as the market leading segment which is growing at a CAGR of 18.5%.
Applications of web hosting services are found on public websites, intranet site, mobile applications, and online applications. Due to a rapid rise in the adoption of smartphones, the mobile application app is expected to thrive. Low maintenance, easy accessibility & integration and better customer service support capabilities, drive the segment.
By connectivity, the market is segmented into IP-VPN, MPLS, fiber, xDSL, and Ethernet. The fiber segment secured a dominant share of the market while the MPLS segment is on its way to achieving a significant market value due to increasing opportunities.
Deployment of web hosting services is done over the public cloud, private cloud, and hybrid cloud. The private cloud segment is growing at the most rapid pace and will grow at the highest CAGR due to the higher level of security available in this deployment method.
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.
North America has surpassed other regions in terms of market size and is projected to retain its leadership position through the review period. The region includes market-leading country-level markets such as the U.S which is expected to achieve a market value of USD 21,862.6 Mn by the end of 2023. Canada and Mexico are expected to witness significant growth due to economic acceleration. Europe is another well-developed market which is likely to remain at a top position over the upcoming forecast period. Meanwhile, the Asia Pacific is an emerging market due to the presence of several rapidly developing economies that have organizations increasing their web presence to access more consumers. The surge in demand for web hosting services will help the APAC market thrive over the review period.
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- IT Solution Providers
- Government Organizations
- Research/Consultancy firms
- Business Organizations
- Web Hosting Service Providers.
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