Pune, India, May 16, 2019 (GLOBE NEWSWIRE) -- According to Market Research Future (MRFR), the global web hosting service market was valued at USD 32.14 billion and is estimated to rise at 15.9% CAGR between 2018 and 2023, and report a valuation of USD 76.2 billion by 2023. Web hosting is a service provided to individuals or organizations that enables them to publish their websites, by a web host or web hosting service provider. A web host is usually an enterprise or data center that offers services like internet connectivity, servers, and other services needed for the website or webpage to be accessible on the internet.
The global web hosting services market has witnessed rapid development over the years, owing to the presence of significant regional and global market players, which has created a competitive nature of the market, subsequently encouraging these market players to focus on product innovation primarily.
Growth of the web hosting services market goes concurrently with the escalating e-commerce trade, since e-commerce market players require web hosting service providers for smooth operation, maintenance, and data security of their websites, subsequently creating demand for web hosting services. Additionally, the global rise in the number of SMEs that are digitalizing their market presence has also inadvertently influenced the web hosting services market. As the awareness for environmental sustainability is increasing, many market players have resorted to eco-friendly hosting services, called green hosting, which has contributed substantially to the web hosting services market.
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Key Players
The key market players of the global web hosting services market are Google Inc. (U.S.), Amazon Web Services, Inc. (U.S.), AT&T Inc. (U.S.), Endurance International Group (U.S.), Equinix Inc. (U.S.), 1&1 Internet Inc. (U.S.), GoDaddy Inc. (U.S.), Combell NV (Belgium), LeaseWeb (Netherlands), Easyhost (UK), Just Host (UK) and Hosting.co.uk (UK).
Segmental Analysis
The web hosting services market segmentation followed by Market Research Future (MRFR) is based on type, application, connectivity, deployment, and region.
By type, the market is segmented into website builder, shared hosting, dedicated hosting, and collocated hosting. The website builders’ segment is expected to retain its dominant market share through the forecast period and is projected to rise at a CAGR of 14.6%. Additionally, the collocated hosting segment is expected to show a comparatively vertical rise in market size, growing at 18.5% CAGR. This segment is predicted to reach a valuation of USD 12750.1 million across the review period.
Based on the application, the Web Hosting Services Market is segmented into public website, mobile application, intranet site, and online application. The mobile application segment is predicted to gain the maximum market share. The segment is set to increase from USD 10,509.1 million in 2017 to USD 26713.2 million by the end of the forecast period. The growing adoption of mobile application hosting is credited to its low maintenance, easy access, uncomplicated integration, and customer support service.
Based on connectivity, the market is segmented into XDSL, Fiber, MPLS, Ethernet, and IP-VPN. The fiber segment is assessed to hold the dominant market share, growing at 16% CAGR. Alongside, MPLS segment is estimated to value at USD 11,092 million by 2023-end up from USD 4,026.5 million in 2017. MPLS initiates opportunities of next-generation intelligent networks for delivering a diverse array of innovative, value-added services over a single structure.
By deployment, the market is segmented into private cloud, public cloud, and hybrid cloud. The public cloud segment dominated the market in 2017 and is estimated to register a steady CAGR of 14.6%. Simultaneously, the private cloud segment is assessed to witness growing adoption due to the high level of security offered. The segment is predicted to rise at 17% CAGR and report a valuation of over USD 28423.9 million over 2023.
North America estimated to be the dominant region, followed by Europe
The global web hosting services market is segmented into five regions - North America, Europe, Asia-Pacific, and the rest of the world (RoW). North America is likely to maintain its foremost market share throughout the forecast period, with the U.S. predicted as the most significant market of the region. The U.S. regional market is assessed to rise from a valuation of USD 14,039.8 million recorded in 2017, to reach USD 31,748.3 million by 2023. Additionally, economic development in Canada and Mexico are expected to contribute to market growth.
Europe is expected to remain a highly profitable market over the forecast period. Germany is expected to maintain its dominant market in the region, registering a CAGR of 19.5% from 2018 to 2023. The market in Germany is likely to grow from USD 2417.6 million in 2017 to USD 6804 million in 2023.
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The Asia Pacific is an emerging region in the global web hosting services market. The rise in demand for web hosting services in APAC can be credited to the surge in digitalization, which subsequently contributes to the market revenue of this region. Exabytes Capital Group Sdn Bhd, a significant market player of APAc region, announced in April 2019 that it had successfully acquired Indonesian market player PT Master Web Network (MWN) along with its fully-owned subsidiaries comprising of data centers that offer co-location services and domain registration. The acquisition raised Exabytes Group clientele in the Asia Pacific region.
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