While many companies were severely impacted by the COVID-19 outbreak, the NZ web-hosting industry survived somewhat better. Want to know how and why? – You are in the right place.
In this blog, we will discuss some important web hosting data and facts that helped the web hosting industry survive the pandemic.
Resilience of the Web Hosting Industry
The best web hosting solution from a reputable domain host demonstrated its resilience during the COVID-19 crisis.
As businesses shifted their focus to online operations and individuals spent more time online, the demand for website hosting services increased sharply.
According to a report by PR Newswire, the web hosting industry is projected to reach 152.7 billion dollars with a CAGR (Compound Annual Growth Rate) of 13.2%.
The Rise of Cloud Hosting
One of the notable trends in the website hosting industry is the increasing popularity of cloud hosting.
Cloud hosting has emerged as the fastest-growing web hosting service with a CAGR of 18.3% from 2019 to 2025.
Cloud platforms like Google Cloud and Amazon Web Services (AWS) have become increasingly popular.
Surge in Ecommerce and Online Presence
The outbreak has accelerated online shopping and the need for a strong online presence. As more businesses move online, the demand for website hosting services has surged.
In 2020, ecommerce accounted for around 17% of the global retail trade, a 3% increase compared to 2019. This growth has been a significant driver for the web hosting industry.
Importance of Managed Hosting
With more businesses and individuals venturing into the online world, the demand for managed hosting solutions has also increased.
Managed hosting services, which handle the technical aspects of server management, have become more appealing as users focus on their core business activities. This trend is expected to continue as the industry evolves.
Dominance of North America and the Rise of Asia-Pacific
North America, particularly the United States, continues to be the dominant player in the global web hosting market, with a market share of around 35% in 2023.
However, the Asia-Pacific region is also experiencing rapid growth, with experts projecting the web hosting industry in the region to exceed a market volume of US$77.73 billion by 2029.
Importance of Reliability and Security
As businesses and individuals increasingly rely on the internet for their livelihoods, the importance of reliable and secure web hosting services has become paramount.
Downtime and data breaches can have significant financial and reputational consequences, making web hosting providers with a focus on uptime and security more attractive to customers.
Emergence of Innovative Web Hosting Solutions
The web hosting industry has seen the emergence of innovative solutions, such as containerized hosting, edge computing and managed WordPress hosting.
These improvements give customers more options, allow for growth and offer specialised web hosting services to meet their changing needs.
As the industry continues to evolve, the development of innovative best web hosting solutions will be crucial in meeting the changing demands of businesses and individuals in the digital age.
Conclusion
The web hosting business has clearly been impacted by the COVID-19 outbreak but it has also shown itself to be resilient and flexible.
The need for dependable and creative website hosting services will only increase as the world becomes more digital, influencing the direction of the sector.
