The global web hosting services industry was set at $ 57.46 billion in 2019 and is projected to reach $ 183.05 billion by 2027, a CAGR of 15.2% from 2020 to 2027. This comes from a new report released by Allied Market Research (AMR).
Increasing number of companies around the world and their efforts for online presence, increasing mobile marketing platforms and availability of Web hosting services Excellent server performance would fuel the growth of the global web hosting services market.
Growing demand for managed web hosting services and increasing need for the best web hosting services during the Covid-19 pandemic continue to drive the growth of the global market. The outbreak of the pandemic resulted in an increase in online sales platforms. As a result, the adoption of web hosting services continued to grow, thereby increasing the demand for the global market. On the other hand, challenges related to providing scalability and maintaining uptime are somewhat hampering growth.
Artificial intelligence (AI) in web hosting and increasing acceptance of Cloud-based gaming solutions are expected to offer lucrative opportunities in the years to come.
Website Builder, Public Cloud
The Shared web hosting The segment had the highest market share with more than a third of the market share in 2019. The segment is expected to maintain its dominance through the end of 2027. However, the website builders segment is expected to have the fastest CAGR of 18.0%. throughout the forecast period.
Based on the deployment model, the public cloud segment held more than two-fifths of global market sales in 2019 and is expected to be ahead by 2027. However, the hybrid cloud segment is expected to have the fastest CAGR of 17.2% from 2020 to 2027.
Allied market research is a full-service research and management consulting division of Allied Analytics based in Portland, Oregon. Allied Market Research offers global corporations as well as medium and small businesses unsurpassed quality of market research reports and business intelligence solutions.