The Asia Pacific Web Hosting Services Market would witness market growth of 16.1% CAGR during the forecast period (2023-2030).
One of the key factors influencing the market is the expansion of websites as more organizations adopt digital media. The market is expanding as a result of factors like an increase in small & medium-sized enterprises (SMEs) and their need to have an online presence, an influx of mobile marketing platforms, and widespread availability of web hosting services with good server features & performance at affordable costs. Growing websites or online platforms should consider managed web hosting a feasible choice. The service is one in which the web host maintains website operations at their end, such as help desk services, backups, and system updates, so the customer purchasing the service gets rid of the responsibility of website management and administration.
Moreover, they are not entitled to be concerned about how quickly database and system administrators are recruited. Many managed web hosts rent out computers solely handled by the service provider, allowing the website owners to focus on advancing their business objectives and abilities. By employing extensive server monitoring, proactive security, and other irregular identification, managed web hosting companies also handle website security.
South Korea is developing its skills in artificial intelligence and has acknowledged the necessity to position itself as a global competitor in the AI technology industry. The government launched the Digital New Deal in 2020, a national strategy for digital transformation that called for industrial and educational initiatives on the potential benefits of AI to be organized by the state. Additionally, the nation announced a fiscal 2022 budget proposal that allocates around $3 billion on initiatives secured with AI technology.
According to Infocomm Media Development Authority (IMDA), Singapore's Small and medium-sized firms (SMEs), which employ two-thirds of the labor population and contribute close to half of Singapore's Gross Domestic Product (GDP). The nation ensures that small & medium-sized enterprises expand digitally and make the most of digital solutions to enhance operations & earn new revenue as digital technology transforms every area of Singapore's economy. The goal of the SMEs Go Digital initiative is to assist SMEs in adopting innovative ways that utilize digital technologies, go digital, and develop better capabilities to take advantage of growing customers in the digital economy. In the coming years, the market in this region is anticipated to expand due to the rising switch to digitalized platforms. Owing to this, the market is expected to grow at a significant rate.
The China market dominated the Asia Pacific Web Hosting Services Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $19,752.8 million by 2030. The Japan market would showcase a CAGR of 15.4% during (2023 - 2030). Additionally, The India market is anticipated to grow at a CAGR of 16.8% during (2023 - 2030).
Based on Deployment Mode, the market is segmented into Public Cloud, Private Cloud and Hybrid Cloud. Based on Application, the market is segmented into Public Website, Web Application, Mobile Application and Others. Based on End User, the market is segmented into Enterprise and Individual. Based on Type, the market is segmented into Shared Hosting, Dedicated Hosting, Collocated Hosting, Website Builders and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Web Hosting Services Market is Projected to reach USD 241.8 Billion by 2030, at a CAGR of 15.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IONOS Inc. (United Internet AG), Amazon Web Services, Inc. (Amazon.com, Inc.), AT&T, Inc., BLUEHOST INC. (Newfold Digital, Inc.), DREAMHOST INC., EASYHOST (team.blue), GoDaddy Inc., Google LLC (Alphabet Inc.), InMotion Hosting, Inc., and Liquid Web, LLC.
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