Market Insights Technology IT Services IT Outsourcing

Web Hosting - Morocco

Morocco

Revenue in the Web Hosting market is projected to reach US$103.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.17%, resulting in a market volume of US$238.70m by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$8.05 in 2024.
In global comparison, most revenue will be generated in the United States (US$58,300.00m in 2024).

Key regions: Germany, China, United States, United Kingdom, Italy

Market

Region

Region comparison

Currency

Analyst Opinion

Morocco, a country located in North Africa, has been experiencing a steady growth in the Web Hosting market in recent years.

Customer preferences: The Moroccan market has shown a preference for locally hosted websites due to faster loading times and better customer service. Additionally, there is a growing demand for cloud-based hosting solutions, as businesses look for more flexible and scalable options.

Trends in the market: One of the major trends in the Moroccan Web Hosting market is the increasing adoption of e-commerce. With the rise of online shopping, businesses are looking for reliable and secure hosting solutions to support their websites. Another trend is the growing popularity of WordPress as a website building platform, which has led to an increase in demand for WordPress-specific hosting services.

Local special circumstances: Morocco's strategic location as a gateway between Europe and Africa has made it an attractive destination for foreign investors. The government has also been actively promoting the country's digital economy, with initiatives such as the National Digital 2020 strategy, which aims to increase internet penetration and promote the use of digital technologies across all sectors.

Underlying macroeconomic factors: Morocco's economy has been growing steadily in recent years, with a focus on diversification and modernization. The country's young and tech-savvy population, coupled with its strategic location and government support, has created a favorable environment for the growth of the Web Hosting market. Additionally, Morocco's membership in the African Union and its free trade agreements with the European Union and the United States have opened up new opportunities for businesses in the country.

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.