The web hosting market has been rising. Both consumers and organizations are relying more on the Internet, so the need for reliable web hosting is more significant than ever. This applies to everything from small blogs to large eCommerce sites. This blog explores key figures and trends in the web hosting industry in 2024. It covers the market size, expected growth, leading names, and new web hosting statistics.
Global web hosting services market size in 2024
The increasing rely on the internet is driving the continued exponential growth of the web hosting industry. The size of the world market for web hosting increased dramatically from $94.64 billion in 2022 to $124.80 billion in 2023. Experts anticipate that this rising trend will continue in 2024, when the market is predicted to reach an astounding $159.9 billion.
This incredible increase is being driven by multiple sources. Significant contributions are coming from the expansion of eCommerce, the expanding use of cloud-based solutions, and the rising number of companies creating an online presence. The growing need for safe and high-performance websites is driving the market forward, increasing the demand for dependable hosting solutions.
This growth results in a larger user base in addition to increased revenue. More than 571.9 million websites use web hosting services worldwide as of 2024. In the upcoming years, it is anticipated that this number will climb gradually, reflecting the constantly changing digital scene.
Another notable point in recent web hosting statistics is also the regional dispersion of this growth. Web hosting is growing rapidly in regions like Asia and Latin America, while established markets in Europe and North America remain key players. This surge is driven by increased internet access and the rising number of tech-savvy individuals and businesses in these regions.
Global web hosting market share in 2024
The web hosting industry is not a monolithic group. There are established players fighting for supremacy in this competitive field. In 2024, the market as a whole continues to grow, but the competition for market share is still intense.
Here’s an overview of the current situation:
Cloud titans in the lead. Cloud giants like Amazon Web Services (AWS) are projected to hold an 18% market share by 2024. Their scalable architecture, seamless integration with other cloud services, and robust infrastructure make them attractive options for businesses of all sizes.
A mainstay in domain registration. GoDaddy maintains its dominant position in the web hosting industry and dominates domain registration. Experts estimate that GoDaddy will use its user base and well-known brand to hold a 9.29% market share in 2024.
Google Cloud and other parties steady on. As of 2024, web hosting statistics show that Google Cloud Platform (GCP) is expected to hold a 7.03% market share, showing steady growth. Its expansion is supported by its easy-to-use interface and connection with well-known Google products like G Suite. With each holding about 4% of the market, other well-known competitors like Microsoft Azure and IONOS are also fighting for a piece of the action.
Niche players. It’s interesting that giants don’t control the entire market. Niche players with a focus on particular hosting solutions have room. These companies serve companies with very specific requirements, including secure hosting for healthcare providers or high-performance hosting for e-commerce websites. The expected 60% market share in 2024 highlights the diverse needs of website owners.
The competition for market share will surely get more fierce as long as the web hosting industry keeps evolving. Although the dominance of cloud providers is anticipated to continue, the future landscape will be shaped by the emergence of niche companies and the emphasis on specialized solutions.
Domain registration statistics
The amount of domain names that have been registered is always rising, which indicates how quickly the World Wide Web is growing. This growth will continue with a projected 1.8 billion domain names acquired worldwide in 2024. Comparing this to 2023, there will be an astounding 50 million more domains added.
There are multiple reasons for the spike in domain registrations. More people and businesses are creating their digital footprints due to the surge in entrepreneurship and the increasing significance of having an online presence. This tendency is also fueled by the growing accessibility of domain names and the easy-to-follow registration procedures provided by registrars.
Although the total is remarkable, further investigation reveals several intriguing trends:
.com remains at the top. In 2024, the .com domain extension is expected to account for 48.7% of all registered domains, maintaining its dominant market position. Its widespread recognition and familiarity make it the top choice for individuals and businesses aiming to build a trustworthy online presence.
The prominence of country code TLDs, or top-level domains. Domain extensions specific to a country, such as .de for Germany and .cn for China, are rapidly expanding. This reflects how common the Internet is in developing across nations and how companies are trying to reach out to local customers. Experts estimate that by 2024, ccTLDs will represent more than 25% of all domain registrations.
New gTLDs getting notoriety. More evocative and brand-specific alternatives are available to website owners with generic top-level domains (gTLDs), such as .store and .blog. Even though these new extensions still have a smaller market share than .com and ccTLDs, their popularity is steadily increasing, especially among niche companies and people looking for distinctive online identities.
Shared hosting statistics
At an estimated 37.64% of the market, shared hosting will continue to be the most popular web hosting option in 2024, according to various web hosting statistics sources. This economical option appeals to individuals and small businesses just starting out online because it lets several websites share resources on a single server.
One of the main factors contributing to shared hosting’s appeal is its low cost. Suppliers can split server costs across several consumers by offering highly competitive pricing plans. Because of this, it’s an affordable starting point for novice website owners who might not need the specialized resources of more costly hosting packages.
Taking a deeper look at some significant shared hosting data points for 2024:
Growth trajectory. As alternative hosting options grow, shared hosting continues to expand steadily through 2024, with its importance in the web hosting industry driving a projected market value of $72.2 billion by 2026.
Suitable for novices. Shared hosting is an excellent option for people and companies with simple website requirements. It’s a good choice for blogs, small online stores, or static websites with steady traffic patterns. Beginners will find it even more appealing because of its user-friendly layout and easily accessible customer service.
A great starting point. Shared hosting may eventually run out of capacity as websites get more complicated and trafficked. However, before moving to more sophisticated hosting options like VPS or dedicated hosting, it offers website owners a helpful starting point for building their online presence and acquiring experience.
VPS hosting statistics
Although shared hosting can be a cost-effective option, more specialized resources become necessary as websites increase in complexity and traffic. Virtual Private Servers, or VPSs, come into play here. VPS hosting is expected to capture 25.38% of the market in 2024, with aspirational website owners driving its growing popularity.
VPS hosting offers a virtualized environment with dedicated CPU, RAM, and storage. Compared to shared hosting, this virtual isolation enables improved speed and scalability. Websites hosted on VPS are less susceptible to traffic changes on nearby websites, which results in a user experience that is more dependable and safe.
Another significant benefit of VPS hosting is its flexibility. VPS hosting offers more control over server configurations than shared hosting, allowing users to customize resources to meet specific website needs. This makes VPS ideal for growing businesses, e-commerce sites with fluctuating traffic, or websites requiring specialized software installations.
Dedicated hosting statistics
This Dedicated hosting is the best option for websites that require the highest levels of control, security, and speed. Companies are expected to hold a 17.98% market share in 2024, catering to a specific market segment with critical internet needs.
Dedicated hosting provides a single website with complete control over an entire physical server, unlike shared or VPS hosting, where resources are divided. This ensures top-tier speed, reliability, and security. It’s ideal for large eCommerce sites, high-traffic news platforms, or mission-critical applications, as it can handle heavy traffic and complex tasks with ease.
Bluehost pricing and web hosting statistics
Bluehost remains a key player in the web hosting industry, consistently ranking among the top choices for website owners. While exact market share data isn’t always available, many opt for Bluehost due to its affordable pricing, easy-to-use features, and strong customer support. As part of the Newfold Digital Group, Bluehost is one of its most recognized brands. In actuality, 25% of all websites with a Newfold Digital Group trademark use Bluehost.
Bluehost Hosting Plans: Affordable, Scalable, and Secure
Bluehost offers a selection of hosting options to suit the needs of different types of consumers. Our low introductory rates, starting at $2.95 per month, make Bluehost’s shared hosting plans especially popular. Its affordability makes it an attractive choice for individuals and small businesses new to web hosting. Bluehost offers various hosting plans to cater to diverse user needs and budgets.
- Shared hosting: Bluehost’s shared hosting plans, which start at $2.95 a month, provide small businesses and individuals with an affordable option. Email accounts, an infinite amount of website space, and free domain registration are all included in these options. Automated WordPress installations and round-the-clock customer service are advantageous to users.
- VPS hosting: Bluehost’s VPS hosting plans offer more control and resources than shared hosting, starting at $46.99 per month. They are ideal for growing businesses and high-traffic websites, providing root access, scalability, and dedicated server resources.
- Dedicated hosting: Bluehost provides dedicated hosting plans starting at $141.19 per month for organizations that demand the highest levels of security and performance. With these options, you can control the hosting environment and have a whole server all to yourself.
- Cloud hosting: Bluehost offers cloud hosting plans that combine the simplicity of managed hosting with the flexibility of cloud computing, starting at $29.99 per month. Users gain from excellent performance, automatic backups, and expandable resources.
Note: The price listed is accurate as of September 2024 but may change. For the most up-to-date pricing, please visit Bluehost.com.
Conclusion
Website owners have a wide array of alternatives thanks to the web hosting industry’s remarkable expansion and the variety of accessible hosting solutions. Making educated selections regarding your web hosting requirements requires an understanding of the market dynamics, major players, and developing trends. It’s critical to keep up with the most recent developments in web hosting as the digital landscape changes.
Frequently asked question (FAQs)
Knowing the web hosting market size enables customers to choose reputable and well-liked web hosts. It also offers perceptions of market trends and the competitive environment. Higher market share is frequently associated with superior resources, assistance, and innovation.
Several factors impact market share, such as cost, features, customer service, reliability, security, and the ability to scale resources for growing clients. Furthermore, the reputation and brand recognition of the service are quite important.
To calculate web hosting market share, experts typically analyze the number of active websites a provider hosts, their revenue from hosting services, or their total client base. To determine market share percentages, experts compare these metrics across different providers.
The web hosting industry is evolving with the rise of cloud-based hosting, growing demand for specialized options like managed WordPress and VPS, and a stronger focus on environmental sustainability. The development of AI and machine learning in web hosting services is also impacting market share dynamics.
Various websites publishing market share studies and industry research firms are trustworthy sources for web hosting market share data. Furthermore, individual web hosts frequently disclose their market share in their yearly reports and marketing materials.
