U.S. Markets closed

Web Hosting Services Market to Grow USD 72.79 Billion, at 13% CAGR During 2019-2023 | Technavio

Technavio has published a new market research report on the global web hosting services market from 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--

According to Technavio Research Report " Web Hosting Services Market by service (shared hosting, dedicated hosting, VPS hosting, and website builder), and geographic regions (North America, Europe, APAC, MEA, and South America) is witnessed to grow USD 72.79 billion, at a CAGR of 13% from 2019 to 2023.”

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190701005349/en/

Free sample report contains market size and forecast, drivers, challenges, trends, and more – Request for Free Sample @

https://www.technavio.com/talk-to-us?report=Web%20Hosting%20Services%20Market%20by%20Service%20Type%20and%20Geography%20-%20Global%20Forecast%202019-2023&type=sample&src=report

Global web hosting services market: Implementation of AI in web hosting

Artificial intelligence (AI) is increasingly being adopted in web hosting services as it improves the overall website experience. Adoption of AI in web hosting also protects websites and the available customer information against cyber-attacks. Furthermore, organizations require considerable investment and labor to ensure that the web page is functioning optimally. AI can perform self-scan, diagnose, and self-repairs, which reduces labor-intensive tasks, such as website analysis and data processing. Such benefits of AI will increase its adoption in web hosting, thereby, fueling the growth of the web hosting services market.

“Apart from the implementation of AI in web hosting, factors such as the growing adoption of green web hosting, growth of e-commerce market, and the rise in adoption of email hosting services will have a significant impact on the growth of the web hosting services market size during the forecast period,” says a senior analyst at Technavio.

Speak to Research Expert @

https://www.technavio.com/talk-to-us?report=Web%20Hosting%20Services%20Market%20by%20Service%20Type%20and%20Geography%20-%20Global%20Forecast%202019-2023&type=customization

Global web hosting services market: Segmentation analysis

This market research report segments the global web hosting services market by service (shared hosting, dedicated hosting, VPS hosting, and website builder), and geographic regions (North America, Europe, APAC, MEA, and South America).

The North American region led the web hosting services market in 2018, followed by Europe, APAC, MEA, and South America, respectively. The expansion of the web hosting services market in North America can be attributed to factors such as the growth of small and medium enterprises (SMEs), increase in Internet penetration, and the rise in data traffic and e-commerce websites. The adoption of web hosting services enhances data security, increases server time, improving the site, and email performance.

Global web hosting services market: Growing adoption of cloud computing services

Several companies across the world are migrating their business operations from on-premise to cloud as it helps in increasing efficiency and reducing operational costs. As a result, various enterprises across industries, including BFSI, IT and telecom, education, energy and utility, and retail are increasingly hosting their websites on the cloud as part of their cloud migration. This is increasing the adoption of web hosting services enables simplified administration, remote access and maintenance, and data security. Therefore, the growing adoption of cloud computing services will fuel the growth of the web hosting services market during the next five years.

Few Major Vendors in the Web Hosting Services Market are:

  • Alibaba Cloud
  • Amazon Web Services, Inc.
  • GoDaddy Inc.
  • Google LLC
  • Microsoft Corp.

Browse Industries Reports @ IT Services

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190701005349/en/