Hosting Infrastructure Services Market Size Expands as Cloud Adoption Drives Robust Growth in Data Centers

Rising demand for cloud computing, edge computing, and data security fuels growth in the hosting infrastructure services market.

PORTLAND, OREGON, UNITED STATES, November 6, 2023 /EINPresswire.com/ — The hosting infrastructure services market was valued at $14.5 billion in 2021, and is estimated to reach $32.5 billion by 2031, growing at a CAGR of 8.4% from 2022 to 2031.

Hosted services are applications, IT infrastructure components or functions that organizations access from external service providers, typically through an internet connection. Hosted services cover a wide spectrum of offerings, including web hosting, off-site backup and virtual desktops. Cloud services also fall within the hosted services category, although not…