The top market research firm, Global Industry Analysts Inc. (GIA), has issued a new market report named “Web Hosting Services – Global Market Trajectory & Analytics”, which offers new insights on possibilities and difficulties in a post-COVID-19 environment with substantial changes.
The Report Summary
Despite the COVID-19 emergency, the worldwide market for Web Hosting Services, which was predicted to be worth US$71.1 billion in 2020, is expected to expand at a CAGR (Compound Annual Growth Rate) of 13.2 % to reach US$152.7 billion by 2026. One of the sectors examined in the research, shared hosting, is expected to increase at a 15% CAGR to reach US$72.2 billion by the conclusion of the analysis period.
After a detailed examination of the pandemic’s commerce consequences and the resulting economic crisis, the Dedicated Hosting segment’s growth is readjusted to a revised 11.1 % CAGR over the next seven years. The worldwide Web Hosting Services market is presently dominated by this sector, which holds a 25.5% share.
The US market is expected to be worth $30 billion in 2021, while China’s market is predicted to reach $16.9 billion by 2026.
In the year 2021, the Web Hosting Services industry in the United States is forecast to be worth US$30 billion. In the worldwide market, the country now holds a 37.35 percent stake. China, the world’s second-largest economy, is expected to reach a market size of US$16.9 billion in 2026, representing a CAGR of 15.6% throughout the study period.
Japan and Canada are two additional significant geographic markets, with growth forecasts of 10.9% and 11.7%, respectively, throughout the research period. Germany is expected to expand at a 13.9% CAGR within Europe, while the rest of the European market (as defined in the study) would reach US$19.1 billion by the conclusion of the analysis period.
Collected Hosting Segment will be valued at $20.7 by 2026
The U.S. Canada, Japan, China, and Europe are expected to fuel the worldwide Collected Hosting segment. By the end of the analysis period, these regional markets, which had a combined market value of US$8.5 billion in 2020, will have grown to US$18.3 billion.
Reliable Hosting Services are Vital to Keep your Company in the Game
In this competitive market, it is important to maintain your company available on the Internet. In order to do that, it is advised to hire secure and trustworthy hosting services, like those provided by Serverpronto. They care about keeping your server protected and your website always online.
If you are looking for a hosting services provider, you may be glad to know that Serverpronto is always there for you to contact them and find together the most appropriate solutions to your requirements.