Market Insights Technology IT Services IT Outsourcing

Web Hosting - MENA

MENA

The projected revenue in the Web Hosting market in the MENA region is expected to reach US$3.56bn by 2024.
This indicates a positive growth trend in the market.
Furthermore, it is projected that the market will continue to grow at an annual growth rate of 17.49% from 2024 to 2029, resulting in a market volume of US$7.97bn by 2029.
This demonstrates a promising outlook for the Web Hosting market industry in the MENA region.
When considering the average Spend per Employee in the Web Hosting market, it is projected to reach US$18.11 by 2024.
This metric serves as an indication of the efficiency and productivity within the industry.
In terms of global comparison, United States is expected to generate the highest revenue in the Web Hosting market, amounting to US$58,300.00mUS$18.11 in 2024.
This highlights the dominant position of the United States in the global Web Hosting market industry.
In the MENA region, the web hosting market in Saudi Arabia is experiencing rapid growth, driven by increased internet penetration and a thriving digital economy.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Web Hosting market in the Middle East and North Africa (MENA) region has been experiencing significant growth in recent years.

Customer preferences: Customers in the MENA region have shown a strong preference for local hosting providers that offer reliable and secure services. This is due to concerns about data security and the desire to support local businesses. Additionally, customers in the MENA region value hosting providers that offer competitive pricing and excellent customer support.

Trends in the market: One of the key trends in the Web Hosting market in the MENA region is the increasing demand for cloud hosting services. As businesses in the region continue to digitize their operations, they are looking for scalable and flexible hosting solutions that can accommodate their growing needs. Cloud hosting offers these benefits, allowing businesses to easily scale their resources up or down as required. Another trend in the MENA Web Hosting market is the growing popularity of managed hosting services. Many businesses in the region prefer to outsource their hosting needs to providers that can handle the technical aspects of managing and maintaining their websites or applications. Managed hosting providers offer expertise and support, allowing businesses to focus on their core operations.

Local special circumstances: The MENA region has its own unique set of challenges and opportunities in the Web Hosting market. One of the key challenges is the limited availability of reliable and high-speed internet infrastructure in some parts of the region. This can affect the performance and accessibility of websites hosted in these areas. However, efforts are being made to improve internet connectivity and infrastructure in the region, which is expected to drive further growth in the Web Hosting market.

Underlying macroeconomic factors: The MENA region is experiencing rapid digital transformation, with governments and businesses investing heavily in technology infrastructure and digital services. This is driving the demand for web hosting services as businesses seek to establish their online presence and leverage digital platforms for growth. Additionally, the increasing adoption of e-commerce in the region is also contributing to the growth of the Web Hosting market. In conclusion, the Web Hosting market in the MENA region is witnessing significant growth due to customer preferences for local providers, the increasing demand for cloud hosting and managed services, and the region's rapid digital transformation. Despite challenges related to internet infrastructure, the market is expected to continue to expand as businesses in the region embrace digitalization and online platforms for growth.

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.