Market Insights Technology IT Services IT Outsourcing

Web Hosting - United Kingdom

United Kingdom

Revenue in the Web Hosting market is projected to reach US$11.64bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.46%, resulting in a market volume of US$27.15bn by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$335.10 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

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Currency

Analyst Opinion

The Web Hosting market in United Kingdom has been growing at a steady pace over the past few years.

Customer preferences: The majority of customers in the United Kingdom prefer to use shared hosting services due to their affordability and ease of use. However, there has been a growing trend towards cloud hosting services, which offer greater flexibility and scalability.

Trends in the market: One of the key trends in the United Kingdom Web Hosting market is the increasing adoption of cloud hosting services. This is being driven by the growing demand for more flexible and scalable hosting solutions, as well as the increasing availability of cloud hosting providers in the market. Another trend is the increasing use of managed hosting services, which offer customers a more hands-off approach to managing their hosting environments.

Local special circumstances: The United Kingdom has a highly developed IT infrastructure and a large number of businesses that rely on online services. This has created a strong demand for reliable and secure Web Hosting services, which has driven the growth of the market in the country. Additionally, the United Kingdom has a large number of small and medium-sized businesses, which has created a strong demand for affordable hosting solutions.

Underlying macroeconomic factors: The United Kingdom has a stable and growing economy, which has helped to create a favorable business environment for Web Hosting providers. Additionally, the country has a highly skilled workforce and a strong technology sector, which has helped to drive innovation and development in the Web Hosting market. Finally, the United Kingdom has a strong regulatory environment that has helped to create a level playing field for Web Hosting providers, which has helped to promote competition and innovation in the market.

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.