Web Hosting - Bangladesh | Statista Market Forecast

Revenue in the Web Hosting market is projected to reach US$215.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 23.77%, resulting in a market volume of US$624.70m by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$2.75 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

Web hosting has become an essential part of the digital world, allowing individuals and businesses to establish their online presence. Bangladesh, with its growing economy and increasing number of internet users, is experiencing a surge in the demand for web hosting services.

Customer preferences: Bangladesh has a young and tech-savvy population, with a majority of internet users falling between the ages of 18-34. As a result, there is a growing demand for web hosting services that cater to the needs of small and medium-sized enterprises (SMEs) and startups. These businesses require affordable and reliable web hosting services that can help them establish their online presence.

Trends in the market: One of the major trends in the web hosting market in Bangladesh is the shift towards cloud hosting. Cloud hosting offers several benefits such as scalability, flexibility, and cost-effectiveness, making it an attractive option for businesses of all sizes. As more businesses in Bangladesh look to establish their online presence, cloud hosting is expected to continue its upward trajectory.Another trend in the market is the increasing adoption of e-commerce. With the rise of e-commerce platforms in Bangladesh, businesses are looking for web hosting services that can support their online stores. This has led to a demand for web hosting services that offer e-commerce-specific features such as payment gateways, SSL certificates, and shopping cart integration.

Local special circumstances: Bangladesh has a rapidly growing economy, with a GDP growth rate of over 8% in recent years. This growth has led to an increase in the number of SMEs and startups, which in turn has fueled the demand for web hosting services. Additionally, the government of Bangladesh has launched several initiatives to promote digitalization and e-commerce in the country, which has further boosted the demand for web hosting services.

Underlying macroeconomic factors: The web hosting market in Bangladesh is being driven by several underlying macroeconomic factors. One of the key factors is the increasing number of internet users in the country. Bangladesh has one of the fastest-growing internet user bases in the world, with over 100 million internet users as of 2021. This has created a huge market for web hosting services.Another factor driving the market is the increasing availability of affordable internet services. With the expansion of 4G networks and the decreasing cost of smartphones, more people in Bangladesh are gaining access to the internet. This has created a huge opportunity for web hosting service providers to tap into this growing market.In conclusion, the web hosting market in Bangladesh is experiencing significant growth due to the increasing number of internet users, the rise of e-commerce, and the government's initiatives to promote digitalization. As the demand for web hosting services continues to grow, providers that offer affordable and reliable cloud hosting services and e-commerce-specific features are likely to see the most success in this 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.