Market Insights Technology IT Services IT Outsourcing

Web Hosting - G7

The Web Hosting market is expected to witness substantial growth in the coming years.
According to projections, the market's revenue is estimated to reach a staggering US$103.00bn by 2024.
This growth is anticipated to continue with an annual growth rate of 17.03% from 2024 to 2029, resulting in a market volume of US$226.10bn by the end of the forecast period.
In terms of average Spend per Employee, the Web Hosting market is projected to reach US$255.70 in 2024.
This metric provides an insight into the investment made by companies in their employees to drive market growth.
When comparing revenue generation globally, it is noteworthy that United States, as part of the G7 countries, is expected to generate the highest revenue in the Web Hosting market.
In 2024, United States is projected to generate approximately US$58,300.00m in revenue.
This highlights the significant market presence and dominance of the United States within the Web Hosting market industry.
In the highly competitive web hosting market, the United States is leading the way with its robust infrastructure and wide variety of hosting providers.

Key regions: Spain, Brazil, Japan, India, China

Market

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Region comparison

Currency

Analyst Opinion

The demand for web hosting services has been on the rise in the G7 countries due to the increasing number of businesses and individuals seeking an online presence.

Customer preferences: Customers in G7 countries have shown a preference for web hosting services that offer high uptime, fast loading speeds, and reliable customer support. They also tend to favor providers that offer a wide range of hosting options, including shared hosting, VPS hosting, and dedicated hosting.

Trends in the market: In the United States, the web hosting market is highly competitive, with many providers offering affordable hosting plans and advanced features such as cloud hosting and website builders. In Canada, there has been a trend towards environmentally-friendly web hosting, with providers offering carbon-neutral hosting services. In the United Kingdom, there has been a rise in the number of small businesses seeking web hosting services, leading to an increase in demand for affordable and scalable hosting solutions. In France, there has been a shift towards managed hosting services, with businesses seeking to outsource their IT infrastructure to third-party providers. In Germany, there has been a trend towards cloud hosting, with businesses seeking flexible and scalable hosting solutions. In Italy, there has been an increase in demand for e-commerce hosting, as more businesses seek to sell their products and services online. In Japan, there has been a rise in the number of businesses seeking web hosting services that offer high security and compliance with local data protection laws.

Local special circumstances: In Canada, the government has implemented policies to promote the growth of the digital economy, leading to an increase in demand for web hosting services. In the United Kingdom, Brexit has led to uncertainty in the business environment, leading to a rise in the number of small businesses seeking web hosting services to establish an online presence. In Japan, the government has implemented strict data protection laws, leading to a rise in the number of businesses seeking web hosting services that comply with these regulations.

Underlying macroeconomic factors: The growth of the web hosting market in G7 countries can be attributed to the increasing digitization of the economy and the rise of e-commerce. The COVID-19 pandemic has also accelerated the shift towards online business, leading to an increase in demand for web hosting services. Additionally, the availability of high-speed internet and the proliferation of mobile devices have made it easier for businesses and individuals to establish an online presence, leading to a rise in demand for 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.