Report ID: SQMIG50B2030
Report ID:
SQMIG50B2030 |
Region:
Global |
Published Date: December, 2024
Pages:
171
|
Tables:
120 |
Figures:
72
North America dominated the market with a revenue share of 39.1% in 2023, mainly due to the explosive growth of the U.S. industry and the highest number of websites on the internet. Web hosting businesses have thrived in the region due to high internet penetration and advanced technological infrastructure. The major presence of big market players such as Google LLC, GoDaddy Operating Company LLC, and Amazon Web Services (AWS) has also helped the supremacy of the region. These large companies further strengthen the position of North America in the global web hosting industry by providing a wide range of hosting services from cloud services to domain management.
Contrarily, the web hosting services market is predicted to experience a huge growth rate across Europe in the projection period. Regional growth will be influenced at a high rate by countries, such as the United Kingdom and Germany. European Commission and European External Action Service (EEAS) presented a new EU cybersecurity strategy in December 2020. The key intent is to enhance Europe's resilience to cyberattacks and make sure that people and companies may fully use safe and reliable services and digital technologies. The rise of the industry is also supported by the governments of several developed and emerging countries increased regional expenditures in the development of IT infrastructure. Moreover, it is expected that the business would grow in the following years due to the rising digitization and demand for online delivery websites.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG50B2030