Web Hosting - ASEAN | Statista Market Forecast

Revenue in the Web Hosting market is projected to reach US$3.42bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.83%, resulting in a market volume of US$8.10bn by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$9.86 in 2024.
In global comparison, most revenue will be generated United States (US$58.30bn in 2024).

Definition :
The Web Hosting market includes all types of internet hosting services that allow companies or individuals to provide access to their web page via the World Wide Web. Services such as shared hosting, dedicated hosting, virtual private server hosting, and internet connectivity are provided on a server that is owned or leased by the client. Web hosts can also provide physical space that the server occupies and manages, which is also referred to as colocation hosting. Other managed services such as managed infrastructures and managed data centers are excluded from this analysis.

Additional Information:

The Web Hosting market comprises revenues, revenue change, average spend per employee, and a list of the key players in the market and their consolidated revenues. Market values represent revenues that are generated by primary vendors either directly or through distribution channels at the manufacturer price level (excluding VAT). Reported market revenues include spending by enterprises (B2B) and governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed. Key players in the market include Amazon Web Services, Google, and GoDaddy.

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Shared hosting, such as HostGator, GoDaddy, and DreamHost
Dedicated hosting, such as SiteGround, InMotion Hosting, and Hostwinds
Virtual private server hosting, such as Liquid Web and OVHcloud
Colocation hosting, such as Equinix, Cologix, and Digital Realty

Website development, such as Squarespace, Wordpress, and Shopify
Search engine optimization, such as Searchmetrics, BrightEdge, and HubSpot
Content creation, such as ClearVoice, Upwork, and Contently

The demand for web hosting services in ASEAN has been steadily increasing in recent years due to the growing number of small and medium-sized enterprises (SMEs) and the increasing adoption of cloud computing technology.

Customer preferences: Customers in ASEAN countries tend to prefer local web hosting providers that offer reliable and affordable services. They also value providers that offer good customer support and have data centers located within the region to ensure faster website loading times.

Trends in the market: In Indonesia, the web hosting market is experiencing strong growth due to the increasing number of SMEs and the government's push towards digitalization. Local providers are dominating the market, but international providers are beginning to enter the market to capitalize on the growth potential.In Malaysia, the web hosting market is becoming more competitive, with providers offering a wider range of services and pricing options. The market is also seeing an increase in demand for cloud hosting services.In the Philippines, the web hosting market is expected to grow significantly in the coming years due to the increasing number of internet users and the government's initiatives to improve internet infrastructure. The market is dominated by local providers, but international providers are expected to enter the market in the near future.In Thailand, the web hosting market is driven by the growth of e-commerce and the increasing adoption of cloud computing technology. Local providers are dominant in the market, but international providers are also present.

Local special circumstances: One of the challenges in the ASEAN web hosting market is the varying levels of internet infrastructure and connectivity across the region. Some countries, such as Singapore, have highly developed internet infrastructure, while others, such as Cambodia, have more limited internet connectivity.Another challenge is the varying levels of government regulations and policies across the region. Some countries have strict regulations regarding internet content and data privacy, which can impact the operations of web hosting providers.

Underlying macroeconomic factors: The ASEAN region is experiencing strong economic growth, with many countries seeing an increase in GDP and a growing middle class. This has led to an increase in demand for web hosting services, particularly from SMEs that are looking to establish an online presence.The increasing adoption of cloud computing technology is also driving the growth of the web hosting market in ASEAN. Cloud hosting offers many benefits, including scalability, flexibility, and cost-effectiveness, making it an attractive option for businesses of all sizes.In conclusion, the web hosting market in ASEAN is experiencing strong growth due to the increasing number of SMEs and the adoption of cloud computing technology. Local providers are dominant in the market, but international providers are beginning to enter to capitalize on the growth potential. However, there are challenges such as varying levels of internet infrastructure and government regulations that need to be addressed to ensure the continued growth of the market.

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Unseen yet omnipresent, Information Technology (IT) services are the invisible gears driving modern organizations. These services support business operations and digital transformation through outsourcing, managed services, security, data management, and cloud computing. By leveraging these services, companies enhance efficiency, reduce costs, and gain competitive advantages in a digital marketplace. Prominent cloud providers worldwide include Amazon Web Services, Microsoft Azure, Google Cloud, and Alibaba Cloud. In the managed services sector, Oracle, Accenture, and IBM are among the largest providers globally.