Published Date: 30-Aug-2023
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According to a new report, published by KBV research, The Global Web Hosting Services Market size is expected to reach $241.8 billion by 2030, rising at a market growth of 15.1% CAGR during the forecast period.
The Public Cloud segment is generating the highest revenue share in the Global Web Hosting Services Market by Deployment Mode in 2022, thereby achieving a market value of $136.5 billion by 2030. Commonly used components in conventional IT infrastructure, such as virtual machines, applications, or storage, are included in public cloud resources. Public cloud hosting offers several advantages including high performance, scalability, flexible pricing, and outstanding reliability. Due to these advantages, small & medium-sized businesses are increasingly adopting this deployment approach, boosting the web hosting services market.
The Mobile Application segment is anticipated to grow at a CAGR of 15.7% during (2023 - 2030). Smartphone use and the global rate of internet penetration are both rising quickly. This has led to a quick change in customer purchasing habits as people now prefer to order goods or services online to deliver them to their homes. As a result, businesses, particularly those involved in e-commerce, have begun to expand their sales channel by offering products through mobile applications. This enables e-commerce businesses to give customers simple access to their online storefronts using mobile devices. As a result, this market is projected to have significant growth in the near future.
The Enterprise segment is leading the Global Web Hosting Services Market by End User in 2022, thereby achieving a market value of $192.3 billion by 2030. They can be assigned to the growing emphasis that enterprises are placing on enhancing their online presence. The desire for online shopping is the primary factor driving many opportunities for these businesses to concentrate on online platforms. The market for web hosted services is therefore anticipated to develop as a result of the growing customer preference for online shopping.
The Dedicated Hosting segment has shown a high growth rate of 15.5% during (2023 - 2030). They give users access to a whole server for usage with applications, websites, and business portals. With a tenant infrastructure, plenty of room (storage), and strong processing power, sharing resources with other customers is not essential. IT executives, developers, and businesses need dedicated servers to create server settings and operate online applications implementing limited resources such as content management systems, proprietary software, API-based apps, software-as-a-service, and e-commerce websites. All these factors sparked the market for web hosting services to expand in this segment.
The North America market dominated the Global Web Hosting Services Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $82.8 billion by 2030. The Europe market would witness a CAGR of 14.9% during (2023 - 2030). Additionally, The Asia Pacific market is showcasing a CAGR of 16.1% during (2023 - 2030).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Deployment Mode
By End User
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