Pune, India, March 18, 2021 (GLOBE NEWSWIRE) — The world web hosting services market size is projected to attain USD 267.10 billion by 2028, exhibiting a CAGR of 18.0% in the course of the forecast interval. According to the Fortune Business Insights™ report, titled “Web Hosting Services Market, 2021-2028”, the market worth stood at USD 75.03 billion in 2020.
Highlights of the Report
The report presents worthwhile insights into the market drivers, developments, and restraints, moreover offering a complete evaluation of all of the segments available in the market. Further, the report incorporates an in-depth research of the regional developments and prospects of the market, together with detailed analysis into the aggressive dynamics of the market. Lastly, the report additionally shares a panoramic overview of the general {industry} outlook.
COVID-19 Impact
The COVID-19 pandemic outbreak has triggered unprecedented upheavals in bodily enterprise infrastructures as governments throughout the globe have had to impose lockdowns and social distancing measures to curb the unfold of the virus. For instance, a survey by the National Bureau of Economic Research (NBER) discovered that 43% of the respondents confronted a short lived or everlasting shutdown of enterprise within the US in 2020 due to the pandemic. Similarly, a non-public survey in India revealed that the pandemic is ready to hit 74% of the startups within the nation. This dire state of affairs has, due to this fact, led the market to register a decrease CAGR of 11.9% and attain a price of 83.99 billion in 2021.
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Market Driver
Emergence of Hosting Services for Startups to Boost the Market
The proliferation of startups and small companies all over the world has created an intense want for cost-efficient and sustainable on-line platforms. Since the accessibility to the web is speedily rising, these entities are putting a excessive significance on sustaining a powerful digital presence and rising their companies within the digital area. To cater to this demand, a number of corporations offering webhosting providers to startups have emerged and are gathering momentum worldwide. For instance, Hostwinds is a digital non-public server (VPS) internet hosting service supplier that provides dependable providers and round the clock technical help to small enterprises and startups within the US and the UK. Similarly, Bluehost offers a webhosting platform with options corresponding to GB file switch, free templates, domains, and limitless area internet hosting, all below one account. Thus, the emergence of webhosting corporations delivering specialised providers to startup companies will speed up the expansion of this market.
Incorporation of AI in Web Hosting Services to Open New Vistas for Market Growth
One of probably the most promising components propelling the webhosting providers market development is the incorporation and integration of synthetic intelligence (AI) and machine studying (ML) applied sciences in internet hosting platforms. AI and ML are enabling net service suppliers to create and ship extra enhanced and complete merchandise to shoppers. For instance, the persistent risk of cyber-attacks and related crimes will be mitigated utilizing AI. Algorithms and firewalls powered by AI can detect bugs and malware and alert the supplier of the potential threats they will trigger to the platform. AI also can increase the accuracy and proficiency of an internet site by taking care of routine duties. AI-enabled chatbots, as an example, can talk with website guests and provide them with primary details about the service. This, in flip, also can optimize area efficiency. Thus, AI holds limitless alternatives for net service corporations, which favors the expansion of this market.
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Market Segments
On the premise of sort, the market segments embrace shared internet hosting, devoted internet hosting, collocated internet hosting, digital non-public server internet hosting, and others.
Based on software, the market has been divided into public web sites, cellular functions, intranet websites, and on-line functions.
In phrases of deployment, the market has been categorized into public cloud, non-public cloud, and hybrid cloud. Here, the general public cloud phase led the market in 2020 with a share of 51.6%.
By area, the market has been segregated into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Regional Insights
North America Revenue Generation Stood at $34.32 Billion in 2020, to Lead the Market until 2028
North America is predicted to dominate the webhosting providers market share in the course of the forecast interval, having generated income price USD 34.32 billion in 2020. The main place of the area is attributable to the extraordinary competitors amongst small enterprise enterprises within the area within the digital area. Moreover, the widespread adoption of smartphones and social media within the US and Canada are additionally prompting corporations to focus their energies on sustaining a dynamic presence on digital platforms.
Europe is ready to emerge because the second-highest revenue-generating area, backed by a strong community infrastructure, 5G rollout, and IT outsourcing developments within the area. In Asia Pacific, the regular shift of companies to on-line platforms, with rising coverage help, will stoke the demand for webhosting providers within the foreseeable future.
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Competitive Landscape
Agreements between Social Media Giants & Web Service Companies to Intensify Competition
Companies offering specialised webhosting providers are actively collaborating with social media bigwigs to widen the horizons of their companies. These collaborations are additionally aiding small & medium companies to entry next-gen applied sciences and leverage digital instruments to increase their market presence.
Industry Developments:
- December 2020: Twitter inked a brand new settlement with Amazon Web Services (AWS) to harness AWS’s capabilities to enhance app and repair efficiency. Under the deal, Twitter will deploy AWS to supply a worldwide cloud infrastructure to ship Twitter timelines.
- February 2020: GoDaddy introduced the acquisition of Uniregistry’s market and area registrar companies. Besides these, GoDaddy can even take over Uniregistry’s area portfolio consisting of greater than 350,000 names.
List of Key Players Covered on this Market Report:
- SiteFloor (Sofia, Bulgaria)
- Digitalocean, Inc. (New York, United States)
- Equinix, Inc. (California, United States)
- Clearlake Capital Group (California, United States)
- Hostinger International, Ltd. (Kaunas, Lithuania)
- Amazon.com, Inc. (Washington, United States)
- GoDaddy Operating Company, LLC (Arizona, United States)
- Google Inc. (California, United States)
- Liquid Web LLC (Michigan, United States)
- WPEngine, Inc. (Texas, United States)
- 1&1 IONOS Inc. (Montabaur, Germany)
- Cloudflare (California, United States)
- Alibaba Cloud (Hangzhou, China)
- DreamHost (California, United States)
- AT&T Inc. (Texas, United States)
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Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Key Takeaways
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Force Analysis
- Global Web Hosting Services Key Players Market Share Insights and Analysis, 2020
- Key Market Insights and Strategic Recommendations
- Companies Profiled (Covered for key 10 gamers solely)
- Overview
- Key Management
- Headquarters and many others.
- Offerings/Business Segments
- Key Details (Key particulars are subjected to knowledge availability in public area and/or on paid databases)
- Employee Size
- Key Financials
- Past and Current Revenue
- Gross Margin
- Geographical Share
- Business Segment Share
- Recent Developments
- Overview
- Annexure / Appendix
- Global Web Hosting Services Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- By Type (Value)
- Shared Hosting
- Dedicated Hosting
- Collocated Hosting
- Virtual Private Server Hosting
- Others (Reseller internet hosting, and many others.)
- By Application (Value)
- Public Website
- Mobile Application
- Intranet Site
- Online Application
- By Deployment (Value)
- By Type (Value)
- Global Web Hosting Services Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
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