Impact of COVID-19 on Economy, Industry and Company :
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in significant demand & supply gap, production delay and weak consumer demand of end products across industries. At Bizizz Market Research, our analyst has done extensive research across industries and identify various methodologies which would assist C-Level executive to counter this ongoing threat and make informed business decision.
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The Global Web Hosting Services Market was evaluated at US$ XX Bn in 2019 and is anticipated to exhibit a CAGR of 13.6 % to reach the market value of US$ 302.34 Bn 2028
The period of digitization has generated endless opportunities for the World Wide Web, increasing it further than our anticipations. Therefore, web hosting has come below the limelight and internet corporations are instantly acknowledging the business opportunities that it brings along. With fast internet propagation, companies are quitting their conventional representations to implement the novel virtual identity.
An increase in the acceptance of cloud computing solutions, the growing requirement for new servers for maintaining the data up to date and developing e-commerce sector are principal factors that will expand market development in the course of the projection period
Increasing levels of digitization, continuously growing amount of data from end-users, requirement for new servers for maintaining the data up to date, and the necessity to improve the performance of websites is stimulating the web hosting services market. Furthermore, in the past few years online buying is increased. The propagation of internet, mobile computing services and the accessibility of cost-efficient internet plans are the factors that are boosting online buying. Multiple compensations provided by e-commerce services such as cashback offers and home distribution are further encouraging customers to shift from wholesale provisions to e-commerce services. This growth in online buying is assisting the web hosting market growth expansion.
Besides, the expanding acceptance of e-commerce services is leading to the growing implementation of websites and mobile softwares for financial matters. This, in turn, is leading to a rise in the selection of web hosting services by e-commerce companies. With an uptick in the number of e-commerce companies, web hosting service suppliers are also concentrating on expanding their server and computing substructure, which will augment market growth in the course of the evaluation period.
The increasing number of start-ups in the domains of analytics, business intelligence, and other enterprises are strengthening the requirement for web hosting services. Moreover, the innovative actions taken by the service providers for business expansion in the global web hosting services market are generating various opportunities for the expansion of the global web hosting services market in the duration of the assessment period.
With the growing advancements in technology, the requisition for cloud-based services in numerous fields is increasing at an accelerated speed. This is further commencing the advancement of the global web hosting services market. The rising inclination towards entrepreneurship is promoting the need for online platforms. These online platforms boost and manage businesses by acquiring web domains and building websites. This consequently assists the market expansion.
However, the increasing number of low-cost service providers in the web hosting services market and sluggish development in technological aspects in the small regions are expected to restrict the growth of the global web hosting services market throughout the projection period.
The public cloud subdivision will have the uppermost stake in the market over the projection period.
Depending on the deployment segment, the web hosting services market is divided into public cloud hybrid cloud and private cloud. Of these, the public cloud subdivision will have the highest percentage in the market share in the course of the projection period. This is due to better controlling of data, users, and information assets and the adoption of public cloud services. In public cloud services, the physical hardware is shared by several corporations. The multi-user setting makes it more comfortable to divide the infrastructure expenses over a number of users.
North America is projected to dominate the global web hosting market for the interval of the projection period
The North American region dominated the web hosting market in 2018 by grasping maximum market share. The North American region is anticipated to uphold its supremacy over the global market for the duration of the projection period. This is due to the growth of SMEs and e-commerce business in the region. Moreover, the existence of major corporations operating in the web hosting services in the North American region is contributing to the growth of the market.
The web hosting services market in the Asia Pacific region is projected to have a prominent progress over the assessment period. This is due to the rising want for managed hosted private cloud arrangement. Moreover, the alliances of developing markets, principally China, along with India, are composed to help market development in Asia Pacific region.
Key players functioning in the global web hosting market are Web.Com Group, Inc., AT&T Inc., 1&1 Internet Inc, Dreamhost Inc., Easyhost, Earthlink Inc., Google Inc., Combell NV, Endurance Technologies Ltd, Equinix Inc., GoDaddy Inc., Justhost, Hosting.co.uk, LeaseWeb, and Amazon Web Services.
Global Web Hosting Services Market Segmentation
Global Web Hosting Services Market, by Type
- Website builder
- Shared Hosting
- Dedicated Hosting
- Collocated Hosting
Global Web Hosting Services Market, by Application
- Public Website
- Mobile Application
- Intranet Site
- Online Application
Global Web Hosting Services Market, by Connectivity
Global Web Hosting Services Market, by Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
Global Web Hosting Services Market, by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa