Web Hosting Services Market to Grow by USD 124.2 Billion (2024-2028), Driven by E-Commerce Expansion, with AI Redefining Market Landscape – Technavio | PR Newswire [Video]

NEW YORK, Nov. 18, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global web hosting services market  size is estimated to grow by USD 124.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  16.8%  during the forecast period. Growth of e-commerce industry is driving market growth, with a trend towards implementation of ai in web hosting. However, data privacy and security concerns regarding web hosting services  poses a challenge.Key market players include Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Equinix Inc., GoDaddy Inc., GreenGeeks LLC., Hetzner Online GmbH, Hostinger International Ltd., INMOTION HOSTING Inc., Liquid Web LLC, Newfold Digital Inc., Ocom B.V., OVH Groupe SA, Phoenix Web Development, Rackspace Technology Inc., Shinjiru Technology Sdn Bhd, SiteGround Hosting Ltd., Techfly Solutions, Unitied Internet AG, and WPEngine Inc..

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