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Web Hosting - Ethiopia

Ethiopia
  • Ethiopia is expected to witness significant growth in the Web Hosting market.
  • According to projections, the country's revenue in this sector is set to reach US$258.26m in 2025.
  • This is expected to be driven by an impressive compound annual growth rate (CAGR) of 20.89% from 2025 to 2029, resulting in a market volume of US$551.58m by the end of the forecast period.
  • Additionally, it is worth noting that the average Spend per Employee in the Web Hosting market is projected to reach US$4.03 in 2025.
  • This indicates the level of investment and potential for growth in the sector.
  • In global comparison, United States is expected to generate the highest revenue in the Web Hosting market, with a projected revenue of US$69.68bn in 2025.
  • This highlights the dominant position of the United States in this market segment.
  • Overall, the Web Hosting market in Ethiopia is poised for substantial growth, driven by increasing demand and favorable market conditions.
  • Ethiopia's web hosting market is experiencing rapid growth due to the country's increasing internet penetration and digital transformation initiatives.

Revenue

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Apr 2024

SOURCE: Statista Market Insights

NOTES: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

MOST_RECENT_UPDATE: Apr 2024

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Apr 2024

SOURCE: Statista Market Insights

Analyst Opinion

Web hosting is becoming increasingly popular in Ethiopia, with a growing number of businesses and individuals seeking an online presence. As the country's economy continues to develop, more people are looking to take advantage of the opportunities offered by the internet.

Customer preferences:
In Ethiopia, there is a strong preference for local web hosting providers. This is due to a combination of factors, including the need for local language support and the desire to support local businesses. Many Ethiopians also prefer to use providers that are familiar with the local market and can offer personalized service.

Trends in the market:
One of the key trends in the Ethiopian web hosting market is the increasing demand for cloud-based hosting solutions. This is due to the many benefits offered by cloud hosting, including scalability, flexibility, and cost-effectiveness. Another trend is the growing popularity of e-commerce, which is driving demand for web hosting services that can support online stores and other digital businesses.

Local special circumstances:
One of the unique challenges facing the Ethiopian web hosting market is the country's limited internet infrastructure. This can make it difficult for businesses to find reliable and high-speed internet connections, which in turn can impact the performance of their websites. Additionally, there are restrictions on the types of content that can be hosted in Ethiopia, which can limit the types of websites that can be created.

Underlying macroeconomic factors:
The Ethiopian economy has been growing rapidly in recent years, with a focus on developing the country's infrastructure and attracting foreign investment. This has created a favorable environment for businesses of all kinds, including those in the web hosting industry. Additionally, the government has been investing in initiatives to promote digital literacy and expand access to the internet, which is helping to drive demand for web hosting services.

Global Comparison

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Apr 2024

SOURCES: Statista Market Insights, Financial Statements of Key Players, National statistical offices

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.

Technology

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Key Market Indicators

NOTES: Based on data from IMF, World Bank, UN and Eurostat

MOST_RECENT_UPDATE: Jan 2025

SOURCE: Statista Market Insights

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IT services - Statistics & Facts

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.
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