PORTLAND, ore., April 8, 2021 / PRNewswire / – Allied Market Research published a report entitled “Market for web hosting services by type (website builders, shared hosting, dedicated hosting, hosted hosting and others), deployment model (private cloud, public cloud and hybrid cloud), application (public website, intranet website, mobile application and web application) and End user (company and individual): Global opportunity analysis and industry forecast, 2020–2027. “According to the report, the global web hosting services industry has been estimated at $ 57.46 billion in 2019, and should reach $ 183.05 billion in 2027, recording a CAGR of 15.2% from 2020 to 2027.
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Drivers, restrictions and opportunities:
Increase in the number of organizations worldwide and their efforts to have an online presence, proliferation of mobile marketing platforms, availability of web hosting services with excellent server performance, increase in demand for managed web hosting services and increase in calls for the best hosting services during the COVID-19 pandemic drives the growth of the global web hosting services market. On the other hand, the challenges associated with providing scalability and maintaining uptime hinder growth to some extent. However, artificial intelligence (AI) in web hosting and the increased adoption of cloud-based gaming solutions are expected to create lucrative opportunities in the industry.
Covid-19’s impact on the web hosting services market:
- The covid-19 outbreak caused most business owners to sell their products and services online. This, in turn, has led to a growing adoption of web hosting services in various corners, driving demand for the global market.
- In addition, several market participants distributed free hosting services during the initial phase to help companies in the midst of the pandemic and increase their revenues in due time.
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The shared hosting segment to dominate by 2027:
Based on type, the shared hosting segment contributed more than a third of the global web hosting services market share in 2019 and is expected to lead the way by the end of 2027. This is because most SMEs prefer this type web hosting due to the low traffic they receive on site. The website builder segment, on the other hand, would record the fastest CAGR of 18.0% over the forecast period.
The public cloud segment to maintain dominant participation:
Based on the deployment model, the public cloud segment accounted for more than two-fifths of the global Internet hosting services market revenue in 2019 and is expected to retain its domain until 2027. This is attributed to the benefits of public cloud hosting such as scalability and price flexibility, extreme reliability and high performance. At the same time, the hybrid cloud segment would have the fastest CAGR of 17.2% from 2020 to 2027, due to the advantages that the hybrid cloud offers in contrast to private and public cloud technology.
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North America won the biggest participation in 2019:
Based on geography, North America held the largest share in 2019, generating around two-fifths of the global web hosting services market, due to the presence of key market participants such as AT&T, Amazon Web Services and GoDaddy Inc., along with the emergence of data centers in the cloud. At the same time, the market across Asia Pacific manifest the fastest CAGR of 19.2% during the forecast period. This is due to the increase in the number of small and medium-sized enterprises (SMEs) and the increase in the adoption of digital platforms in the province.
Major industry players:
- AT&T Inc. (NYSE: T)
- Just Host
- Dreamhost Inc.
- GoDaddy Inc. (NYSE: GDDY)
- Google Inc.
- Amazon Web Services Inc. (NASDAQ: AMZN)
- 1 and 1 Internet Inc.
- InMotion Hosting
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Allied Market Research (AMR) is Allied Analytics LLP’s comprehensive market research and business consulting service based on Portland, Oregon. Allied Market Research provides global companies, as well as medium and small businesses, with an unrivaled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a vision aimed at providing business insights and consultancy to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains. AMR offers its services in 11 industry sectors, including Life Sciences, Consumer Goods, Materials and Chemicals, Construction and Manufacturing, Food and Beverage, Energy and Energy, Semiconductors and Electronics, Automotive and Transportation, ICT and media, Aerospace & Defense and BFSI.
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