Web Hosting - Asia | Statista Market Forecast

Revenue in the Web Hosting market is projected to reach US$33.52bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.32%, resulting in a market volume of US$77.73bn by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$15.96 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

Asia, the world's largest and most populous continent, is home to a rapidly growing web hosting market. With the proliferation of internet usage and the digitalization of businesses, the demand for web hosting services has skyrocketed in recent years.

Customer preferences: Customers in Asia are increasingly opting for cloud-based hosting solutions due to their scalability, flexibility, and cost-effectiveness. Small and medium-sized enterprises (SMEs) are also driving the demand for web hosting services, as they seek to establish an online presence and expand their customer base. Additionally, there is a growing trend towards managed hosting services, where the hosting provider takes care of server maintenance and security, allowing businesses to focus on their core operations.

Trends in the market: China is the largest web hosting market in Asia, with a significant portion of the market being dominated by domestic providers such as Alibaba Cloud and Tencent Cloud. However, international players such as AWS and Microsoft Azure have been making significant inroads into the market in recent years. India is also a rapidly growing market, with a large number of SMEs adopting web hosting services. Japan, on the other hand, has a mature market with a high degree of saturation, leading to intense competition among providers.

Local special circumstances: One of the unique challenges facing the web hosting market in Asia is the diversity of languages and scripts used across the region. Hosting providers need to ensure that their services support a wide range of languages, including non-Latin scripts such as Chinese and Japanese. Additionally, there are varying levels of internet penetration and digital literacy across the region, with some countries such as Singapore and South Korea having high levels of adoption, while others such as Myanmar and Cambodia are still in the early stages of digitalization.

Underlying macroeconomic factors: The rapid growth of the web hosting market in Asia can be attributed to several underlying macroeconomic factors. Firstly, the region has a large and growing population, with a significant portion of the population being young and tech-savvy. Secondly, there is a growing trend towards e-commerce and digitalization of businesses, which is driving the demand for web hosting services. Lastly, the region has a large number of SMEs, which are increasingly adopting web hosting services to establish an online presence and compete in the global 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.