Web Hosting Services Market Report 2023 (Global Edition)
Cognitive Market Research
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What is Web Hosting Services?
A web hosting service provides webmasters with the hardware and software infrastructure to make their websites available online. The global web hosting services industry is expanding and is predicted to develop substantially throughout the forecast period. The cloud's rise is significant in modernizing data management and hosting services.?
Furthermore, major firms could swiftly react to a developing data-driven industry by leveraging their current resources and management capabilities. Additionally, SMBs worldwide are increasingly interested in cloud-based hosting services, which will likely boost the web hosting sector over the projection period.
- For instance, According to a recent DigitalOcean research, 86% of firms who reported higher cloud usage at the pandemic peak claimed their cloud usage has continued to climb in 2021, showing that digital acceleration and cloud adoption are not slowing down. As 2022 approaches, the pandemic remains top-of-mind for businesses of all sizes, and they all recognize that the cloud has played a critical part in their recovery.
Key Insights from?Web Hosting Services?Market Report:
According to Decipher Market Research, the global web hosting services market size was USD 92.8 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 20.80% from 2023 to 2030.
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The Major Opportunities Impacting the Web Hosting Services Market
- Growing Popularity of Multi-Cloud Hosting Will Drive Market Expansion
Companies have been focused on embracing multi-cloud web hosting services since they help them avoid the drawbacks of relying on a single source. Different web hosting suppliers have different specialties: the multi-cloud hosting environment allows organizations to choose several web hosting capabilities simultaneously. No hosting provider can give a granular level to an organization's challenges with its online presence. Web hosting firms want multi-cloud hosting customers to expand their businesses.
Market Segmentation of Web Hosting Services Market:
Type Outlook:
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- Shared Hosting
- Dedicated Hosting
- Collocated Hosting
- Virtual Private Server Hosting
- Managed Hosting
- Self-Managed Hosting
- Others (Reseller Hosting)
Application Outlook:
- Public Website
- Mobile Application
- Intranet Site
- Online Application
Top Manufacturers of Web Hosting Service:
GoDaddy , è°·æŒ Alphabet Inc. , Veblen Amazon Web Services (AWS) , IONOS , Alibaba Cloud , Liquid Web , Hostinger , DigitalOcean , DreamHost , IONOS , Hetzner , Equinix, Inc., Bluehost Inc., WPEngine, Inc. (Texas), Endurance International Group,
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The North American Region dominate the Web Hosting Services market
According to Decipher Market Research, North America is the most promising region, accounting for 35% of the global market. The area has the biggest market share due to its technological breakthroughs and early acceptance of web hosting services. Furthermore, major investments and the utilization of cloud hosting services will drive regional market growth. During the pandemic, cloud hosting services gained popularity because of advantages over traditional hosting services, such as greater security, the ability to manage enormous amounts of data, and other added capabilities.
Related Report:
- Cloud Web Hosting Services - https://www.cognitivemarketresearch.com/cloud-web-hosting-services-market-report
- Shared Web Hosting Service - https://www.cognitivemarketresearch.com/shared-web-hosting-service-market-report