The web hosting services market is rising on a large scale. Increasing digitization worldwide has created boundless scopes for the World Wide Web. Having a presence on the World Wide Web has become crucial for new-age virtual identity and business growth strategies. The market growth attributes to growing adoptions of these web hosting services by increasing numbers of companies to increase the reach of their business, opportunities, and to get recognized quickly in the market.
In its recent study, Market Research Future (MRFR) asserts that the global web hosting services market reached a valuation of USD 32.14 BN in 2017, which is expected to appreciate at 15.9% CAGR throughout the review period (2018-2023). Technological advances have made web hosting robust and more efficient, allowing individuals and enterprises to channelize their marketing efforts through various internet tools.
The rapid advances in web hosting services and the augmented uptake of web hosting services have led to the vast expanse of the market. The e-Commerce websites create large amounts of databases, making web hosting services essential to add more shopping carts to these websites, alongside the forums, communities, and chat-panels. Consecutively, the spurting growth in the eCommerce sectors worldwide boosts the development of the market.
Conversely, the lack of knowledge about the advantages the web hosting services and proper scaling strategy for the web traffic growing with the size of the business are significant factors forecasted to obstruct the growth of the market. Also, the lack of technical expertise of the hosting partner in migrating/expanding websites is a key factor acting as a headwind for the market growth.
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The report is segmented into five dynamics;
By Type : Website Builder, Dedicated Hosting, Collocated Hosting, and others.
By Application : Public Website, Mobile Application, Intranet Site, Online Application, and others.
By Connectivity : xDSL, Fiber, MPLS, Ethernet, IP-VPN, and others.
By Deployment : Public, Private, and Hybrid.
By Regions : Europe, Americas, Asia Pacific, and the Rest-of-the-World.
North America dominates the global web hosting services market. The largest market share attributes to technological advancements and the early adoption of innovative technologies. Besides, the presence of well-established industry players and technology development centers in the region drive market growth.
Moreover, the rapid adoption of these services and the rising number of enterprises in this region boost the web hosting market size. The North American web hosting services is projected to retain its dominance throughout the estimated period.
The Asia Pacific region stands second in the global web hosting services market. The market growth is fostered by the increasing uptake of web hosting services across the industries for various applications. Additionally, the growing adoption of these services by small and large organizations increases the web hosting market share. The APAC web hosting services market is expected to create a substantial revenue pocket during the assessment period.
Europe also holds a sizable share in the global web hosting services market. The region witnesses increasing demand for Internet Protocol (IP) telephony and unified communications as a service (UCaaS), which continues to drive the market growth.
Factors such as the rising uptake of these services, and increasing business in the region create value for companies and opportunities for service providers, increasing the web hosting market share. The European web hosting services market is expected to grow at the highest CAGR during the forecast period.
Players leading the global web hosting services market are AT&T Inc.(US), Hosting.co.uk (UK), Amazon Web Services, Inc.(US), Equinix Inc.(US), Combell NV (Belgium), Endurance International Group (US), Google Inc.(US), Just Host (UK), GoDaddy Inc.(US), Easyhost (UK), LeaseWeb (Netherlands), and 1&1 Internet Inc.(US), among others.
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