Web Hosting Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

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The web hosting services category is anticipated to grow at a CAGR of 19.4% from 2023 to 2030. The rising number of companies, escalating e-commerce trade, and demand for cloud-based solutions are growing at a rapid pace. This is leading to the increasing demand for global web hosting services category. Globally, there are around 330,000 hosting providers as of 2023. In October 2023, the global count of internet users reached 5.3 billion. The increasing number of individuals using internet is expected to drive the demand for hosting services.

Trends such as multi-cloud, green web, and virtual private server hosting are allowing businesses to manage massive data and help in building the foundation for the future. Multi-cloud hosting is a relatively new hosting approach that involves the distribution of various cloud assets like software and documents across two or more cloud environments. From a business model standpoint, this approach involves an organization utilizing multiple cloud computing platforms to perform diverse tasks and processes. It liberates a company from depending entirely on a single cloud provider by offering the flexibility to involve multiple service providers. In this configuration, an organization can opt to utilize the top-performing services from each cloud provider. As of 2023, 90% of the large enterprises have adopted multi-cloud infrastructure.

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