Market Insights Technology IT Services IT Outsourcing

Web Hosting - Cambodia

Cambodia

Revenue in the Web Hosting market is projected to reach US$25.58m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.40%, resulting in a market volume of US$64.72m by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$2.76 in 2024.
In global comparison, most revenue will be generated in the United States (US$58,300.00m in 2024).

Key regions: Germany, China, United States, United Kingdom, Italy

Market

Region

Region comparison

Currency

Analyst Opinion

The Web Hosting market in Cambodia has been steadily growing over the past few years, with an increasing number of businesses and individuals turning to the internet to establish their online presence.

Customer preferences: Cambodian customers are increasingly looking for reliable and affordable web hosting services that offer good value for money. They are also interested in features such as website builders, domain registration, and security tools to protect their online assets.

Trends in the market: One of the key trends in the Cambodian Web Hosting market is the increasing adoption of cloud-based hosting solutions. This is driven by the need for scalability, flexibility, and cost-effectiveness. Another trend is the growing popularity of managed hosting services, which provide customers with a hassle-free experience by taking care of server maintenance and security.

Local special circumstances: Cambodia's Web Hosting market is still relatively small, with a limited number of local providers. This has led to a reliance on international providers, which can result in higher costs due to currency exchange rates and other factors. However, there are a number of local hosting providers that are gaining traction by offering competitive pricing and localized support.

Underlying macroeconomic factors: Cambodia's economy has been growing steadily over the past decade, with a focus on developing the country's digital infrastructure. This has led to an increase in internet penetration and a growing demand for online services. Additionally, the government has launched initiatives to promote entrepreneurship and innovation, which has led to a rise in the number of startups and small businesses that require web hosting services.

Methodology

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.