Web Hosting - G7 | Statista Market Forecast

Revenue in the Web Hosting market is projected to reach US$103.00bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.03%, resulting in a market volume of US$226.10bn by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$255.70 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.

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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

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.

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.