Web Hosting - Finland | Statista Market Forecast

Revenue in the Web Hosting market is projected to reach US$1.12bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.50%, resulting in a market volume of US$2.41bn by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$389.70 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.

For more information on the data displayed, use the info button right next to the boxes.

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 is a rapidly growing industry worldwide, and Finland is no exception. With a population of over 5.5 million people, Finland is a small but prosperous country in Northern Europe. The Web Hosting market in Finland has seen significant growth in recent years, driven by a number of factors.

Customer preferences: Customers in Finland are increasingly looking for web hosting solutions that provide fast and reliable service. They are also looking for hosting providers that offer a wide range of features and customization options. Finnish customers are known to be tech-savvy and well-informed, and they are willing to pay a premium for high-quality hosting services.

Trends in the market: One of the biggest trends in the Web Hosting market in Finland is the move towards cloud-based hosting solutions. Cloud-based hosting is becoming increasingly popular in Finland as it offers a number of benefits, including scalability, flexibility, and cost-effectiveness. Another trend in the market is the increasing demand for managed hosting solutions. Managed hosting providers offer a range of services, including server management, security, and maintenance, which are particularly attractive to small and medium-sized businesses.

Local special circumstances: One of the unique aspects of the Web Hosting market in Finland is the country's focus on renewable energy. Finland is committed to reducing its carbon footprint and has set a goal of becoming carbon neutral by 2035. This focus on sustainability has led to an increased demand for hosting providers that use renewable energy sources.

Underlying macroeconomic factors: The Finnish economy has been growing steadily in recent years, which has led to an increase in demand for web hosting services. The country's stable political environment and strong infrastructure also make it an attractive location for hosting providers. Additionally, Finland's location in Northern Europe makes it an ideal location for hosting providers looking to serve customers in the region.In conclusion, the Web Hosting market in Finland is growing rapidly, driven by customer demand for fast and reliable hosting solutions. The move towards cloud-based and managed hosting solutions is also contributing to the market's growth. Additionally, Finland's focus on sustainability and its strong economy make it an attractive location for hosting providers looking to expand their operations in the region.

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.