Web Hosting - North America | Statista Market Forecast

Revenue in the Web Hosting market is projected to reach US$63.73bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.92%, resulting in a market volume of US$139.20bn by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$249.80 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 Web Hosting market in North America has been steadily growing over the past few years, with an increasing number of businesses and individuals looking to establish an online presence.

Customer preferences: Customers in North America are increasingly looking for web hosting solutions that offer high uptime, fast loading speeds, and reliable customer support. They also tend to prefer hosting solutions that offer a wide range of features and customization options, allowing them to tailor their hosting plan to their specific needs. Additionally, there is a growing demand for eco-friendly hosting solutions, as customers become more environmentally conscious.

Trends in the market: One of the key trends in the North American web hosting market is the rise of cloud hosting solutions. Cloud hosting offers numerous benefits, including scalability, flexibility, and cost-effectiveness, making it an attractive option for businesses of all sizes. Another trend is the increasing popularity of managed hosting solutions, which allow businesses to outsource the management of their hosting infrastructure to a third-party provider, freeing up their internal resources for other tasks. Finally, there is a growing trend towards specialization, with hosting providers focusing on specific niches, such as WordPress hosting or e-commerce hosting.

Local special circumstances: One unique aspect of the North American market is the high level of competition. There are numerous hosting providers operating in the region, ranging from large multinational corporations to small local businesses. This has led to a highly competitive market, with providers constantly striving to differentiate themselves from their competitors through innovative features and pricing strategies. Additionally, there is a strong emphasis on customer service in the North American market, with providers competing to offer the best support and user experience.

Underlying macroeconomic factors: The growth of the web hosting market in North America can be attributed to several macroeconomic factors. Firstly, the region has a highly developed digital infrastructure, with widespread access to high-speed internet and advanced technology. This has created a favorable environment for online businesses and individuals looking to establish an online presence. Additionally, the region has a large and diverse economy, with a high level of entrepreneurial activity and a strong culture of innovation. Finally, there is a growing trend towards remote work and online collaboration, which has further increased the demand for web hosting solutions.

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.