Market Insights Technology IT Services IT Outsourcing

Web Hosting - Romania

Romania

Romania is projected to experience significant growth in the Web Hosting market.
Revenue in this sector is expected to reach US$141.80m in 2024.
This represents a positive trend for the country's economy.
Furthermore, the market is projected to continue growing at an annual growth rate of 18.65% from 2024 to 2029.
By the end of this period, the market volume is expected to reach an impressive US$333.50m.
This indicates a promising future for the Web Hosting market industry in Romania.
Another noteworthy aspect is the average Spend per Employee in the Web Hosting market.
In 2024, this metric is projected to reach US$17.26.
This demonstrates the value and importance of the workforce in driving the growth and success of the industry.
It is also interesting to note that, in a global comparison, United States is expected to generate the highest revenue in the Web Hosting market.
In 2024, United States is projected to generate a staggering US$58,300.00m.
This highlights the dominance of the US market in this industry.
However, in Romania has the potential to carve out a significant share in the global market and establish itself as a key player in the Web Hosting market sector.
Romania's web hosting market is experiencing a surge in demand as businesses increasingly embrace online operations.

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

Market

Region

Region comparison

Currency

Analyst Opinion

Romania, a country located in Southeast Europe, has been experiencing significant growth in its Web Hosting market.

Customer preferences: Romanian customers are increasingly looking for reliable and affordable web hosting services. They are also interested in additional features such as website builders, email hosting, and domain registration. Additionally, many customers prefer to work with local web hosting providers who can offer personalized support and services in their native language.

Trends in the market: The Web Hosting market in Romania is becoming increasingly competitive with the entry of new players and the expansion of existing providers. As a result, prices are becoming more competitive, and providers are offering more features to attract customers. Cloud-based hosting solutions are also becoming more popular in Romania, as they offer greater flexibility and scalability.

Local special circumstances: Romania's location in Southeast Europe makes it an attractive location for businesses looking to expand into the region. Additionally, the country has a highly educated workforce and a growing technology sector, which is driving demand for web hosting services. The Romanian government is also supportive of the technology sector and has implemented policies to encourage its growth.

Underlying macroeconomic factors: The Romanian economy has been growing steadily in recent years, with a focus on technology and innovation. This growth is driving demand for web hosting services as more businesses look to establish an online presence. Additionally, the country's membership in the European Union has made it easier for businesses to operate across borders, further increasing 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.