Web Hosting Market 2019 Global Size, Share, Research Methodology, Key Vendors Analysis, Growth Factors, Emerging Trends, Development Status and Industry Expansion Strategies 2023

Market Scenario

The global web hosting services market is predicted to register 15.9% CAGR during the forecast period (2018-2023) owing to the rising ownership of smartphones, asserts Market Research Future (MRFR). Web hosting services enable organizations and individuals with services and technologies which is required for websites to be viewed on the internet. A web hosting service provider allows individuals as well as organizations to post a web page or a website over the internet. The era of digitization has created limitless scopes for the internet, expanding it beyond our expectations.

Drivers and Constraints Impacting the Market

With the rapid development of the e-commerce sector coupled with the augmenting demand for promotional platforms by entrepreneurs of several platforms, the global Web Hosting Services Market is likely to flourish during the forecast period. Also, the high influx of small to large players in the e-commerce sector has contributed to the expansion of the web hosting services market across the globe. With the proliferation of the internet, several enterprises are giving up their traditional representations in order to adopt the new-age virtual identity. Acquiring a spot over the internet has become a crucial part of the growth strategies of the modern business. As the demand for digital space continues to grow, the web hosting services market is considered to expand. Moreover, technological advancements have made web hosting more efficient and robust, which has further allowed individuals to channelize their marketing efforts with the help of internet tools. The growth of the market is further guided by threats posed by data breach and cyber-attacks. Upgradation and investments made in the web hosting domain coupled with the additional layers of security are some of the major factors likely to generate revenue.

On the flip side, security is considered the biggest critical aspect which is likely to slow down the market growth to a certain extent.