PUNE, India, May 08, 2023 (GLOBE NEWSWIRE) — According to Fortune Business Insights, global Web Hosting Services Market Size is valued at USD 94.64 billion in 2022 and is projected to grow from USD 108.54 billion in 2023 to USD 395.84 billion by 2030, exhibiting a CAGR of 20.3% during the forecast period period.
Web hosting is a service where a hosting provider provides space for a website to store its files on a server. These hosting providers usually require users to own a domain, they also help them secure a domain. Adoption of such services by small and medium enterprises is a key factor driving the growth of the market. In addition, the increasing number of relevant partnerships will also drive market expansion. This information is provided by Fortune Business Insights in its report titled Web Hosting Services Market Forecast 2023-2030.
Key Industry Development-
GoDaddy has acquired Dan.com, a leader in the domain trading industry. Dan.com’s mission to make domain trading accessible to everyone aligns with GoDaddy’s mission to make the opportunity more inclusive for everyone. The deal integrates Dan.com’s automation and lease-to-own options, adding momentum to GoDaddy’s goal of offering domain investors an integrated experience within a best-in-class marketplace, empowered by cutting-edge data science, sound guidance and leading brokerage team in the world.
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Key Takeaways –
- The web hosting services market is expected to boom and reach USD 395.84 billion in 2030.
- To expand their companies, web hosting providers are pursuing multi-cloud hosting customers.
- The presence of SMEs promotes the efficient use of local resources and strengthens economies around the world.
- The high initial and ongoing costs of hosting services may make them less popular.
- North America web hosting services market size was 39.73 billion USD 2022
Discover the leading players featured in the report –
“GoDaddy Operating Company, LLC (USA), Google LLC (Alphabet, Inc.) (USA), Amazon.com (Amazon Web Services, Inc.) (USA), IONOS Inc. (Germany), Alibaba Cloud (China), Liquid Web, LLC (Germany), Hostinger International, Ltd. (Lithuania), WPEngine, Inc. (Texas), DigitalOcean, LLC (USA), DreamHost, LLC (USA)”
Report Scope and Segmentation-
| Report coverage | Details |
| Forecast period | 2023 to 2030 |
| Forecast period 2023 to 2030 CAGR | 20.3% |
| 2030 Value Projection | 395.84 billion US dollars |
| Base year | 2020 |
| Web Hosting Services Market Size in 2022 | 94.64 billion US dollars |
| Historical data for | 2017 to 2019 |
| Number of pages | 130 |
| Covered segments | Type, Application, Deployment, Regional |
View full report details- https://www.fortunebusinessinsights.com/industry-reports/web-hosting-services-market-100863
Guides and Limiters-
The growing demand from SMEs to promote market development
Small and medium enterprises play a crucial role in the economic growth of an economy as they help in the efficient consumption of assets in the long run. Businesses have realized the importance of having a strong online presence and know that it helps them reach a wide audience today. Even small businesses have understood the need for web hosting services and are increasingly adopting them to support business growth. Thus, the growing number of small and medium-sized enterprises is supporting the growth of the web hosting services market.
On the other hand, the high cost of adopting hosting services will reduce their demand among SMEs, thus hindering the expansion of the market.
Leading Segments Covered in this Report-
By type
- Shared hosting
- Dedicated hosting
- Co-located hosting
- Virtual Private Server Hosting
- Managed hosting
- Self managed hosting
- Other (reseller hosting)
Through an app
- Public website
- Mobile app
- Intranet site
- Online application
By implementation
- Public cloud
- Private cloud
- Hybrid cloud
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Frequently Asked Questions
How big is the web hosting market?
The web hosting services market size was USD 94.64 billion in 2022. It is expected to reach USD 395.84 billion by 2030.
How fast is the web hosting market growing?
The web hosting services market will exhibit a CAGR of 20.3% during the forecast period 2023-2030.
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