<a href="https://pixabay.com/users/mohamed_hassan/">mohamed_hassan</a> / Pixabay
In a global survey carried out in North America, South America, and Asia region, it has been found that the web hosting market is set to witness a growth of around 14% CAGR during the forecast period 2015-25 to settle at USD 216 Bn in 2025. During the survey, both the future and current trends have been mentioned and various factors responsible for the growth of this sector have been enlisted in the study.
Last year in 2018, the size of the web hosting services market settled at USD 90.64 billion which will grow significantly in the coming years due to the increasing digitization at a global level. The increasing internet penetration and the increasing e-commerce industry have been contributing to boosting the startup culture at a global level.
More people are investing their time and effort in running a startup and this has led to an increase in the number of startups related to analytics, business intelligence, and similar industries. The availability of different types of hosting services such as VPS hosting, SSD hosting and cloud hosting, has been helping people to opt for affordable web hosting services for their business websites.
With the increasing competition in the online business world, businesses are shifting to the online platform to reach a wide number of people at a global level. In North America, the high penetration of the internet and the presence of well-established infrastructure are major factors contributing to the growth of the global web hosting services market. And the increasing industrialization and growth of small as well as medium enterprises in the Asia Pacific region are responsible for growth in this sector.
