Web Hosting - Burundi | Statista Market Forecast

Revenue in the Web Hosting market is projected to reach US$2.77m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 22.41%, resulting in a market volume of US$7.62m by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$0.46 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

Burundi, a small landlocked country located in East Africa, has been experiencing a steady growth in the Web Hosting market in recent years.

Customer preferences: The majority of Burundi's population is young and tech-savvy, with a high demand for online services. As a result, there has been a surge in demand for web hosting services from both individuals and small businesses.

Trends in the market: The Web Hosting market in Burundi is highly competitive, with several local and international players. The market is dominated by shared hosting services, which are affordable and accessible to small businesses and individuals. However, there has been a noticeable shift towards cloud hosting services, which offer more scalability, flexibility, and security.

Local special circumstances: Burundi's economy heavily relies on agriculture, which accounts for more than 80% of the country's exports. This has led to limited investment in the ICT sector, resulting in a lack of infrastructure, skilled workforce, and regulatory framework. Despite these challenges, the government has been making efforts to improve the country's digital infrastructure and promote the growth of the ICT sector.

Underlying macroeconomic factors: Burundi is one of the poorest countries in the world, with a GDP per capita of less than $300. This has resulted in limited purchasing power and a low level of internet penetration, which stands at around 6%. However, the country's economy has been growing steadily in recent years, with a focus on diversification and private sector development. This has created opportunities for the Web Hosting market to expand and cater to the growing demand for online services.In conclusion, the Web Hosting market in Burundi is still in its early stages but has significant potential for growth. The market is driven by the young and tech-savvy population, with a preference for affordable and accessible shared hosting services. However, the shift towards cloud hosting services and the government's efforts to improve the country's digital infrastructure are creating new opportunities for the market to expand. Despite the challenges posed by limited infrastructure and regulatory framework, the country's growing economy and focus on private sector development are expected to drive the growth of the Web Hosting market in Burundi.

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.