The global web hosting services market was valued at US$ 90.54 billion in 2018 and is expected to reach US$ 288.63 billion by 2027, growing at an estimated CAGR of 14.9% over the forecast period. Technological innovation and IT penetration in developing economies is driving the market.
As the number of small and medium sized businesses are increasing rapidly, the number of businesses relying on internet are also growing. There has been a continuous adoption of omni channel business model which means organizations not only want to gain competitive advantage in physical world but also in virtual world. In the web hosting services market, the dedicated hosting services segment is expected to grow at an estimated CAGR of 16.4% over the forecasted years, reason being it avails…
Source link
