"We Envision Growth Strategies Most Suited
to Your Business"

Web Hosting Services Market to Register 20.3% CAGR During 2023-2030; Surging Demand for Multi-Cloud Hosting Services to Drive Market Expansion

May 05, 2023 | Information & Technology

The global web hosting services market size was valued at USD 94.64 billion in 2022. 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, Managed Hosting, Self-Managed 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, 2023-2030” observes that the market is projected to grow from USD 108.54 billion in 2023 to USD 395.84 billion by 2030, exhibiting a CAGR of 20.3% during the forecast period. The rising number of SMEs and increasing adoption of services are the key factors propelling market expansion.


WP Engine Announces the Launch of Managed WordPress Platform on Microsoft Azure


WP Engine announced the launch of its Managed WordPress Platform on Microsoft Azure. Companies who prefer Microsoft can now choose Azure to build and scale WordPress experiences with WP Engine, meeting advanced IT and technology requirements for scaled performance and certified security for enterprise and SMB businesses. The WP Engine platform is available to all businesses across the U.S. and the Netherlands as of now and will expand into other regions throughout 2023 to serve more global customers.


Shift of Business Operations Online Amid the Pandemic Aided Market Growth


The spread of the COVID-19 pandemic resulted in nationwide shutdowns, which encouraged businesses to shift their business operations to the cloud, thus aiding market growth. Increasing penetration of smartphones and the internet has made it crucial for businesses to have a strong online presence. Companies adopted web hosting services to target general customers for future growth plans. Moreover, the pandemic increased consumers' reliance on the internet for purchasing decisions. Businesses saw the pandemic as an opportunity to adopt hosting services and scale up their consumer services, thus aiding market growth.


Surging Demand for Multi-cloud Hosting Services to Drive Market Expansion 


Adopting multi-cloud hosting services help enterprises in avoiding the disadvantages of single-vendor reliance. Different web hosting vendors have different specialties. Thus, a multi-cloud hosting environment allows enterprises to opt for several web hosting capabilities simultaneously. No single hosting provider can provide hosting services to all the problems the enterprise may encounter with its online presence, thus bringing the need to adopt multi-cloud hosting services. Several web hosting providers target multi-cloud hosting customers to scale their businesses. For example, in November 2022, WP Engine extended its multi-cloud solution by implementing its Managed WordPress Platform on Microsoft Azure. This extension allows Microsoft customers to access the multi-cloud platform on Azure. Thus, the rising popularity of multi-cloud hosting solutions will aid the market growth.


On the other hand, the high initial costs of adopting web hosting services, difficulties in achieving scalability, and maintaining uptime will act as challenges for businesses operating in this domain.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/web-hosting-services-market-100863


Efforts to Expand Geographical Presence by Leading Companies to Boost Market Augmentation


Leading players in the global market are making tactical decisions such as product launches, mergers and acquisitions, and joint ventures to earn high profits, expand geographical reach, and offer better services to their customer base. For instance, in June 2022, WP Engine, the WordPress technology company, expanded its global presence in the Nordics. The company aims to target the rising number of popular agencies and brands in Northern Europe. These brands have been reimagining their digital footprints with WordPress.


Notable Industry Development



  • May 2021: GoDaddy unveiled its new integrated marketing campaign to empower small businesses with the right tools in an effort to help them succeed online.


List of Key Companies Profiled in the Report:



  • GoDaddy Operating Company, LLC (U.S.)

  • Google LLC (Alphabet, Inc.) (U.S.)

  • Amazon.com (Amazon Web Services, Inc.) (U.S.)

  • IONOS Inc. (Germany)

  • Alibaba Cloud (China)

  • Liquid Web, LLC (Germany)

  • Hostinger International, Ltd. (Lithuania)

  • WPEngine, Inc. (Texas)

  • DigitalOcean, LLC (U.S.)

  • DreamHost, LLC (U.S.)


Further Report Findings



  • According to type, the shared hosting segment dominated the market in 2022 owing to its surging demand among SMEs as it is cost effective and can work effectively with low traffic.

  • By application, the public website segment held the largest global market share in 2022 due to its ease of accessibility. SMEs have been the prime adopters of web hosting services for public website applications as they aim to target the general population.

  • North America held the dominant market share in 2022 due to early adoption of web hosting services in the region. Furthermore, the rising popularity of cloud hosting services amid the pandemic owing to their advantages such as the ability to handle large amounts of data will aid market proliferation in the region.


Table of Segmentation






















































  ATTRIBUTE



   DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Unit



Value (USD Billion)



Growth Rate



CAGR of 20.3% from 2023 to 2030



By Type




  • Shared Hosting

  • Dedicated Hosting

  • Collocated Hosting

  • Virtual Private Server Hosting

  • Managed Hosting

  • Self-Managed Hosting

  • Others (Reseller Hosting)



By Application




  • Public Website

  • Mobile Application

  • Intranet Site

  • Online Application



By Deployment




  • Public Cloud

  • Private Cloud

  • Hybrid Cloud



By Region




  • North America (By Type, By Application, By Deployment, and By Country)

    • U.S.

    • Canada



  • Europe (By Type, By Application, By Deployment, and By Country)

    • Germany

    • Scandinavia

    • France

    • U.K.

    • Rest of Europe



  • Asia Pacific (By Type, By Application, By Deployment, and By Country)

    • China

    • Japan

    • India

    • South East Asia

    • Rest of Asia Pacific



  • Middle East & Africa (By Type, By Application, By Deployment, and By Country)

    • GCC

    • South Africa

    • Rest of Middle East & Africa



  • Latin America (By Type, By Application, By Deployment, and By Country)

    • Brazil

    • Mexico

    • Rest of Latin America





 

Web Hosting Services Market
  • PDF
  • 2022
  • 2019-2021
  • 130

    CHOOSE LICENSE TYPE

  • 4850
    5850
    6850

Our Clients

GM
Hitachi
Itic
SPG
Mobil
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X