Web Hosting Services Global Market – Overview
The global web hosting services market is showing immense growth; mainly due to the growing focus on reducing the total cost of website ownership and the need to hedge the hidden costs of web technology. Web hosting services refers to a service that allows organizations and individuals to post a website or web page on to the Internet. A web host, or web hosting service provider, is a business that provides the technologies and services needed for the website or webpage to be viewed in the Internet. Websites are hosted, or stored on special computers called servers.
According to a recent study report published by Market Research Future, The global market of Web Hosting Services is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023). The web hosting services has made a revolutionary change in the ecommerce business. Major feature that comes with these services is the website hosting also allows you to create the databases which is simply indispensable for the online business owners. The other exciting features that you can add to your website with the help of a website hosting include shopping carts for e-commerce sites, forums, communities and chat panels. These features help in communicating with the customers and know their views on the site. Also, the growing popularity of e-commerce is one major factor driving the growth of Web Hosting Services Market. On the other hand, lack of awareness regarding the benefits of web hosting services is one major factor driving the growth of web hosting services market.
Key Players
The prominent players in the Web Hosting Services Market are – Amazon Web Services (U.S.), AT&T Inc. (U.S.), Dreamhost Inc. (U.S.), Earthlink Inc. (U.S.), Equinix Inc. (U.S.), Google Inc. (U.S.), Endurance Technologies Ltd. (U.S.), GoDaddy Inc. (U.S.), Justhost (U.S.), Web.Com Group, Inc. (U.S.), among others.
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Industry News
December 2017 – DreamHost to include Jetpack Professional with Advanced Dream Press Packages. Jetpack Professional is immediately available to all DreamPress Plus and advanced users, both current and new.
June 2017 – EarthLink helps secure public Wi-Fi connections with Norton WiFi Privacy. EarthLink is the first Internet Service Provider to offer Norton WiFi Privacy to its customers.
December 2017 – Internet hosting firm GoDaddy valued at as much as $5.48 billion. GoDaddy Inc.‘s shares rose as much as 34 percent in their debut, valuing the web hosting and domain registration company at up to $5.48 billion, including debt.
Web Hosting Services Global Market – Segmentation
The web hosting services market can be classified into 3 key segments for the convenience of the report and enhanced understanding;
- Segmentation by Type: Comprises of Web-Site Builders, Shared Hosting, Dedicated Hosting and Collocated Hosting
- Segmentation by Application: Comprises of Public Website, Mobile Application, Intranet Site and Online Application
- Segmentation by Region: Comprises of Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Web Hosting Services Global Market – Regional Analysis
North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the web hosting services market in North America owing to the presence of a large number of established key players such as Amazon Web Services, AT&T Inc., DreamHost Inc., EarthLink Inc., Equinix Inc. and Google, Inc. among others. Also, due to the drastic fall in the usage of native applications and a considerable shift towards the adoption of cloud based applications in the region, the market is likely to show immense growth in the coming future. Web hosting services market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2023 due to combination of enterprise demand for managed hosted private cloud environments and domestic sourcing requirements in the region. Whereas, the Europe market for web hosting services is expected to grow at a considerable CAGR (2017-2023). Its hosted Internet Protocol telephony and unified communications as a service market continues to have a strong growth that is creating value for businesses and growth opportunities for service providers.
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Intended Audience
- IT Solution Providers
- Government Organizations
- Research/Consultancy firms
- Business Organizations
- Web Hosting Service Providers.
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