The global web hosting services market is projected to hit $183 billion by 2027, with a 15.2% compound annual growth rate (CAGR), according to Allied Market Research.
In 2019, the market stood at $57.46 billion. This rapid growth stems from increasing cloud adoption, digital platforms, and a rise in small and medium-sized enterprises (SMEs) globally.
Public cloud services dominated in 2019, contributing over 40% of total revenue. This dominance will continue due to the scalability and cost benefits public cloud offers. Meanwhile, the hybrid cloud segment is growing fastest, with an expected CAGR of 17.2%.
Shared web hosting led the hosting categories in 2019, holding over one-third of the market share. It’s popular with SMEs for its affordability.
However, website builders will experience the highest growth at 18% CAGR as more businesses seek user-friendly ways to establish their online presence.
North America led the market in 2019, contributing 40% of global web hosting revenue. Yet, the Asia-Pacific region is set to grow faster, with a projected 19.2% CAGR, fueled by digital transformations in SMEs.
