Web Hosting Services Market Size Rising at a CAGR of 18.0%

Pune, India, Feb. 10, 2022 (GLOBE NEWSWIRE) — The global web hosting services market size was USD 75.03 billion in 2020. The market is projected to grow from USD 83.99 billion in 2021 to USD 267.10 billion in 2028 at a CAGR of 18.0% in the 2021-2028 period. The market size is expected to exhibit substantial growth during the forecast period. Fortune Business Insights™ provides this information in its report titled “Web Hosting Services Market, 2021-2028”. Rapid development in digitization and intense competition among businesses is expected to fuel the market growth.

Web hosting services are internet services that enable businesses or individuals to set up a website. Rapid digitization and dependence upon the internet are likely to fuel the adoption of the service. The…