The web hosting services category is anticipated to grow at a CAGR of 19.4% from 2023 to 2030.
Web Hosting Services Category Overview
The web hosting services category is anticipated to grow at a CAGR of 19.4% from 2023 to 2030. The rising number of companies, escalating e-commerce trade, and demand for cloud-based solutions are growing at a rapid pace. This is leading to the increasing demand for global web hosting services category. Globally, there are around 330,000 hosting providers as of 2023. In October 2023, the global count of internet users reached 5.3 billion. The increasing number of individuals using internet is expected to drive the demand for hosting services.
Trends such as multi-cloud, green web, and virtual private server hosting are allowing businesses to manage massive data and help in building the foundation for the future. Multi-cloud hosting is a relatively new hosting approach that involves the distribution of various cloud assets like software and documents across two or more cloud environments. From a business model standpoint, this approach involves an organization utilizing multiple cloud computing platforms to perform diverse tasks and processes. It liberates a company from depending entirely on a single cloud provider by offering the flexibility to involve multiple service providers. In this configuration, an organization can opt to utilize the top-performing services from each cloud provider. As of 2023, 90% of the large enterprises have adopted multi-cloud infrastructure.
Access of the Web Hosting Services Procurement Intelligence Report, 2023 – 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
In 2023 the internet’s annual output of CO2 was equal to 31 million cars driving at the same time across the globe. Due to this, small and medium businesses are experiencing environmental pressure that is emerging along with the category growth. However, service providers are currently investing resources to support carbon offset programs. In environmentally conscious web hosting, these providers actively engage in eco-friendly projects aimed at minimizing their environmental footprint. This involves acquiring renewable energy certificates (REC) or carbon offset certificates (VER).
A security breach is one of the major concerns among users nowadays. According to IT Governance research, in November 2023, there were around 470 publicly disclosed security incidents. Ensuring user privacy is increasingly essential for web hosting providers in today’s digital landscape. Security measures, including compliance checks for CMS vulnerabilities, standard SSL certification, and encrypted data storage, have become more widespread, highlighting the heightened importance of hosting security protocols.
Request for Sample Copy of the Web Hosting Services Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Web Hosting Services Procurement Intelligence Report Scope
The Web Hosting Services category is expected to have pricing growth outlook of 5% – 6% (annual) from 2023 to 2030, with below pricing models.
Supplier Selection Scope
Supplier selection criteria
Web Hosting Services Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
Web Hosting Services Procurement Cost and Supplier Intelligence
The category is moderately fragmented in nature. Top companies such as Amazon Web Services, Google Cloud, and GoDaddy held 18%, 8%, and 8% of the market share, respectively in 2023. These companies are continuously involved in taking initiatives to support small businesses. For instance, GoDaddy lets users create free mobile-friendly websites and gives free access to its digital marketing tools and website builder.
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