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The global web hosting services market size is projected to reach USD 267.10 billion by 2028 owing to the rising availability of subscription-based pricing options for public cloud platforms, observes Fortune Business Insights™ in its report, titled “Web Hosting Services Market Size, Share & COVID-19 Impact Analysis, By Type (Shared Hosting, Dedicated Hosting, Collocated Hosting, Virtual Private Server Hosting, and Others), By Application (Public Website, Mobile Application, Intranet Site, and Online Application), By Deployment (Public Cloud, Private Cloud, and Hybrid Cloud), and Regional Forecast, 2021-2028”. The report states that the value of the market was USD 75.03 billion in 2020. Furthermore, the market is expected to rise at a CAGR of 18.0% during the forecast period, 2021-2028.
The numerous blows delivered by the COVID-19 pandemic to the business world have moderately hampered the web hosting services market growth. The market posted a declining CAGR of 11.9% and touched a value of USD 83.99 billion in 2021. The impacts have been mainly witnessed in the form of job losses, shrinking demand, and temporary or permanent shutdown of businesses. However, the soaring popularity of online gaming platforms during the COVID-induced lockdowns is expected to stabilize the demand for these web hosting type of services.
Cloudflare Introduces Its Own Cloud Hosting Service
Cloudflare, a web security and infrastructure company, released Cloudflare Pages, its indigenous cloud hosting service, in December 2020. The inventive hosting platform has been designed to empower businesses to build fully-functional sites directly on the internet’s edge and in close proximity to end-users. This will result in performance enhancement of domains, which can deliver services twice as fast as regular web hosting services. Moreover, since Cloudflare boasts of a global network that covers multiple cities in over 100 countries, sites created by developers will be instantly and massively scalable. Programmed to be compatible with JAMstack, Cloudflare Pages intends to aid the creation of websites for free in a faster, simpler, safer, and more collaborative manner.
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Persistent Threat of Cyber-Attacks May Impede Market Growth
The adoption of virtual business platforms has gained momentum worldwide and the access to data and information has speedily expanded, making them increasingly vulnerable to cyber-attacks. Over the past few years, data infringement instances through web hosting services have grown manifold. For example, in October 2019, Georgia-based web host provider Pro-Service suffered the largest cyber-attack in US history. In 2020, GoDaddy revealed that several of its Secure Shell login credentials on its website were breached by an unauthorized individual in late 2019. Most recently, in February 2021, the children’s health insurance company, Florida Healthy Kids Corporation, reported that its web hosting platform underwent a massive data attack. The repeated occurrence of such incidents has made companies cautious of hosting services, which, in turn, is likely to impact the growth of this market.
Portfolio Widening to be the Most Preferred Path of Business Growth for Key Players
The demand for innovative web hosting platforms is escalating and prominent players in this market are aggressively diversifying their range of products by investing heavily in R&D. The goal of these companies is to fasten their hold on the market and strategically enlarge their share through collaborations, deepening of distribution networks, calculated acquisitions & mergers, and establishing a presence in developing markets.
List of Key Players Profiled in this Market Report:
Further Report Findings
Table of Segmentation
Value (USD Billion)
Type; Application; Deployment; and Region