NEW YORK, July 15, 2020 /PRNewswire/ — Amid the COVID-19 crisis, the global market for Web Hosting Services estimated at US$101.2 Billion in the year 2020, is projected to reach a revised size of US$321.5 Billion by 2027, growing at a CAGR of 18% over the analysis period 2020-2027.Shared Hosting, one of the segments analyzed in the report, is projected to grow at a 20% CAGR to reach US$157.9 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Website Builder segment is readjusted to a revised 18.1% CAGR for the next 7-year period. This segment currently accounts for a 25.8% share of the global Web Hosting Services market.
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