According to HTF Market Intelligence, the Global Web Hosting Services market to witness a CAGR of 9.7% during forecast period of 2023-2028. The market is segmented by Global Web Hosting Services Market Breakdown by Application (Public Website, Intranet Services, Mobile Application, Online Applicaion) by Type (On-premises, Cloud-Based) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Web Hosting Services market size is estimated to increase by USD 93971.4 Million at a CAGR of 9.7% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 126625.7 Million.
The Web Hosting Services market refers to the business of providing the infrastructure and technologies necessary for a website to be accessible via the World Wide Web. This includes storing website files on servers, maintaining server hardware and software, and providing internet connectivity to allow users to access the website.
Web Hosting Services market – Key Segment Analysis
The market share growth by the Cloud-Based segment will be significant during the forecast period. The segment is driven by the Growing Internet Penetration and Rapid Growth in the E-commerce Sector.
Web Hosting Services market – Competition Analysis
The global Web Hosting Services market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Amazon Web Services Inc. (United States), AT&T Inc. (United States), DreamHost (United States), Earthlink (United States), Combell NV (Belgium), Equinix Inc (United States), Google Inc. (United States), Hosting.co.uk (United Kingdom), GoDaddy Inc. (United States), Just Host (United Kingdom).
Web Hosting Services market – Geographical Outlook
North America will provide maximum growth opportunities in Web Hosting Services market. According to our research, the region will account for xx% of the global market growth during the forecast period. The market in North America is driven by Implementation of AI in Web Hosting and Emphasizing On Adoption of Cloud-Based Web Hosting.
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