Global Web Hosting Services Market Report 2021: Market is Forecast to Reach $204.6 Billion by 2024 – ResearchAndMarkets.com – Business Wire

DUBLIN--(BUSINESS WIRE)--The "Web Hosting Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Web Hosting Services is forecast to reach US$ 204.6 billion by 2024, driven by the need to reduce costs associated with designing, managing, maintaining and owning websites.

In the current era of internet indispensability, "Websites" represent a critical medium that facilitates relationships between businesses and their customers and also among businesses. Building customer relationships online through websites is therefore a vital prerequisite for survival in the modern market environment.

Key benefits of leveraging professional web hosting services include elimination of the upfront cost required to license website creation software; easy access to integrated features such as daily data backup, virus- and spam-filters etc.; complete elimination of the burden associated with backend infrastructure and the resulting flexibility in website design; and highly scalable storage space and dynamic bandwidth benefits offered by cloud based service delivery models.

Also driving growth is the ballooning eCommerce market and the ensuing focus shed on utilizing websites as key marketing tools. The United States represents the largest market worldwide.

Asia-Pacific is poised to emerge as the fastest growing market with a CAGR of 17.3% over the analysis period led by factors such as developing internet infrastructure; rapid digitalization of the enterprise sector; increasing disposable incomes; robust growth of e-commerce in developing Asian countries; and growing number of cloud based service providers.

Growth in the region is also poised to benefit from the growing number of service providers offering CDN (Content Delivery Network) service along with the primary web hosting package, mostly in partnership with pure play CDN companies.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS (Total 241 Featured):

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/vp6f5v

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Global Web Hosting Services Market Report 2021: Market is Forecast to Reach $204.6 Billion by 2024 - ResearchAndMarkets.com - Business Wire

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