Market Research Future published a research report on “Covid-19 Impact on Web Hosting Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
— Industry Insight
Market Research Future’s report provides COVID-19 Outbreak study accumulated to offer the latest insights about acute features of the Web Hosting Services Market 2020. The study reveals that back in 2017, the global market for web hosting reached a valuation of USD 32.14 Bn. While predicting, the Covid-19 Impact on Web Hosting Market might expand at 15.9% CAGR between 2018 and 2023 (forecasted period).
Top Impacting Factors
A web hosting service is defined as a hosting service that allows organizations and individuals to make websites accessible through the web. The growing digitalization worldwide is one of the significant drivers of the web hosting services market expansion. The rising amount of data and the increasing requirement of new servers is increasing demand for the web hosting service that propels the growth of the web hosting services market during the assessment period.
At the same time, factors such as growing internet penetration and rapid growth in the e-commerce sector are also boosting the growth of the web hosting services market. In fact, the mounting demand for web hosting service from various end-users to amplify the website's performance is triggering the growth of the web hosting services market. On the other side, the implementation of AI in web hosting and swell the number of small and medium-sized businesses are mounting demand for web hosting services. All these factors are highly expected to motivate the growth of the web hosting services market.
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The widely held players active in the market are inclined from a traditional storage platform to advanced cloud platform, such as the private and hybrid cloud. Adoption of the cloud for web hosting is a promising opportunity to provide access through the internet, and it has the strapping processing power and storage space. With this, cloud hosting offers a wide range of features such as unmetered disk space, unlimited email account, unmetered bandwidth, and more. All these factors have emerged as a future supporting system to drive the demand for web hosting services even in the situation of the COVID 19 pandemic.
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.
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the web hosting market, which is as follows:
In terms of type segment, the market has included website builder, dedicated hosting, shared hosting and collocated hosting.
In terms of application segment, the market has included mobile application, online application, public website, and intranet site.
In terms of connectivity segment, the market has included xDSL, MPLS, IP-VPN, Fiber and Ethernet.
In terms of deployment segment, the market has included private cloud, public cloud and hybrid cloud.
Asia Pacific is expected to expand at the highest CAGR over the forecasted period. The region's growth is attributable to the mounting number of small and medium enterprises across various sectors such as corporate, retail, public, and others. To cater to the rising demand for these services, regional companies in this region are concentrating on developing advanced web hosting services. Besides, numerous projects have been initiated by hosting service providers in countries of India, Japan, and others to build their product portfolio. In the case of point, in January 2020, in India, G-Core Labs initiated the next point of the existence of the global network infrastructure project. The country offers web hosting services on selected virtual servers and also supports the global design of the content delivery network.
While North America regional market is anticipated to lead in terms of the web hosting services market share during the assessment period, the growth in this region is owing to the existence of giant players such as AT&T Inc., Amazon Web Services, GoDaddy Inc., and more. The giant players in this region are focused on adopting and developing web hosting services based on artificial intelligence capabilities. The mounting adoption of AI in these services would offer users with various benefits such as self-repairing system, advanced security, deleting unwanted files, domain name performance and protection.
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Europe's regional market is also anticipated to expand with a substantial CAGR during the forecast period. In Europe, the market growth is appreciably driven by escalating investments by web service providers to adopt green hosting applications in countries such as the U.K., Spain, and others. In the case of point, back in 2018, Hosting.co.uk adopted green hosting services. Through these services, the company focused on implementing air conditioning systems approved by the Energy Starboard.
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Release ID: 88961481