Web Hosting Services Market to Grow at a Surprising Growth of USD 254.86 Billion by 2029, Size, Share, Trend, Growth Prospects, Key Drivers and Opportunity Analysis
NEW YORK, Dec. 13, 2022 /PRNewswire/ — Data Bridge Market Research has recently published a Report, titled, “Web Hosting Services Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. Web Hosting Services market report brings into light key market dynamics of sector along with the current market scenario and future prospects of the sector. This market research report is a scrupulous analysis of current scenario of the market, which covers several market dynamics. Company snapshot, geographical presence, product portfolio, and recent developments are taken into consideration for studying the company profiles. The meticulous efforts accompanied with integrated approaches results into an excellent market research report that drives the decision making process of the business. The most appropriate method for the distribution of certain products can also be analysed with this Web Hosting Services market research study.
Global web hosting services market was valued at USD 78.44 billion in 2021 and is expected to reach USD 254.86 billion by 2029, registering a CAGR of 15.87% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Market Overview:
There are various types of web hosting services, including shared, colocation, dedicated, and virtual private servers (VPS). The service enables businesses and people to use an online platform to distribute tailored and business-related content.
The e-commerce industry is undergoing a revolution thanks to website hosting providers. These services give business owners a simple online platform on which to build and manage their websites. Due to their weak financial standing, some businesses are unable to independently market their websites on the internet; however, these service providers assist them in doing so at a low cost.
Opportunities for Players:
- Growth and expansion
Growth and expansion of entertainment and media industry especially in the developing economies will present very many opportunities for the growth of the market. Additionally, the growing trend of digitalization further offers numerous growth opportunities within the market. The increasing number of end users on a daily basis, both at large and small scale, and complete digitization of operations will also work in favor of the market.
Some of the major players operating in the Web Hosting Services market are:
- Amazon Web Services,Inc. (U.S.)
- Microsoft (U.S.)
- Check Point Software Technologies Ltd.(U.S.)
- Google LLC (U.S.)
- Palo Alto Networks. (U.S.)
- McAfee, LLC. (U.S.)
- IBM (U.S.)
- Zscaler, Inc. (U.S.)
- Cisco Systems, Inc. (U.S.)
- Fortinet, Inc. (U.S.)
- Sophos Ltd. (U.K.)
- Foreseeti (Sweden)
- Broadcom. (U.S.)
- Trend Micro Incorporated. (Japan)
- Tenable,Inc. (U.S.)
- Forcepoint (U.S.)
- Imperva. (U.S.)
- Proofpoint. (U.S.)
- Cloudflare,Inc (U.S.)
- Aqua Security Software Ltd. (Israel)
- Qualys,Inc. (U.S.)
- Konverge (U.S.)
- Bitglass,Inc. (U.S.)
- SiteLock (U.S.)
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Recent Developments
- In November 2019, the Endurance International Group was acquired by the American Clearlake Capital Group. It causes the Endurance Company’s user base to grow to more than 5 million users for 3 billion U.S. dollars.
- GoDaddy Inc. purchased the Uniregistry registrar, domain, and portfolio in February 2020, which provides solutions to domain buyers.
- In November 2020, the Cloudfare firm introduced Cloudfare Pages, a cloud web hosting service. It aids in swift and efficient cooperative techniques that successfully construct the website.
- To enhance Twitter’s services and performance, Amazon stated that they will begin a hosting partnership in December 2020.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Web Hosting Services market
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Web Hosting Services Market
Market Dynamics: Web Hosting Services Market
- Adoption of advanced technologies by SMEs
Having a digital footprint has become crucial for businesses, regardless of the industry vertical they serve. For instance, according to recent research by the search engine Google, 97% of consumers worldwide use the internet to look for local businesses and the services they provide. As a result, there is an increase in demand for startups and SMEs to embrace web hosting services in order to reach their audience and increase the business’s viability and credibility with them.
- Opportunities presented by web hosting platforms
The need for managed web hosting services is driven by factors including the increasing pressure on businesses to keep up with technological innovations, the rise in regulatory compliance requirements, and the shortage of technical knowledge. Due to the rising use of managed hosting, where the hosting providers concentrate on the technical aspects of running the website, this has propelled the market’s rise.
Furthermore, the factors such as rising urbanization, industrialization and mounting demand for cloud hosting solutions are the major market drivers. Additionally, growing support by the government on the promotion of the technology and solutions and increasing per capita income are anticipated to drive the market’s growth rate.
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Key Industry Segmentation: Web Hosting Services Market
By Product
- Website Builder
- Shared Hosting
- Dedicated Hosting
- Collocated Hosting
By Connectivity
- xDSL
- Fibre
- MPLS
- Ethernet
- IP-VPN
By Application
- Public Websites
- Intranet Services
- Mobile Application
- Application
- Others
By Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
By End User
- Enterprise
- Individual
Regional Analysis/Insights: Web Hosting Services Market
The countries covered in the web hosting services market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is flourishing its dominance in the global web hosting services market due to factors the ageing infrastructure, and growing focus of the companies on innovations obtained from research and development and technological up gradations. Additionally, presence of major players in this region such as Amazon Web Services, Inc. (U.S.); Microsoft; Magic Leap; and Google LLC is also bolstering the growth of the market.
Over the forecast period, Asia-Pacific is anticipated to have the greatest CAGR. The growth of the region is attributed to the increasing investments in R&D of software-based products. In order to encourage economic growth, many nations, notably China, India, and others, are increasing their investments in infrastructure.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Web Hosting Services Market: Regulations
- Market Overview
- Global Web Hosting Services Market, By Product
- Global Web Hosting Services Market, By Connectivity
- Global Web Hosting Services Market, By Application
- Global Web Hosting Services Market, By Deployment
- Global Web Hosting Services Market, By End User
- Global Web Hosting Services Market, By Region
- Global Web Hosting Services Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-web-hosting-services-market
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