The next few years could be the best yet for the web hosting industry as an increasing number of businesses go fully digital to survive the post-pandemic world.
A new report from ResearchAndMarkets.com claims the global market for web hosting services may reach $204.6 billion by 2024. While the United States takes top spot, the Asia-Pacific (APAC) region is perceived as the biggest-growing market, with a compound annual growth rate (CAGR) of 17.3% predicted over the next few years.
The developing internet infrastructure, rapid digitalization of the enterprise sector, as well as increasing disposable income are some of the key factors driving this growth, the report stated. It added that the robust growth of e-commerce in APAC, as well as more cloud-based service providers entering the…
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