The Latin America, Middle East and Africa Web Hosting Services Market would witness market growth of 19.5% CAGR during the forecast period (2023-2030).
Demand for cloud-based solutions is growing quickly across many industries as technology advances, fueling the growth of the market. The desire for entrepreneurship drives demand for online platforms to support & manage enterprises by creating websites & web pages and purchasing web domains, driving the expansion of the market. The e-commerce industry is undergoing a creative revolution owing to web hosting services. The websites enable users to create databases, a major function that comes with these services and is essential for online business owners. The ability for customers to add anything to their website with the help of website hosting is an additional interesting element. Examples include shopping carts for e-commerce sites, forums, communities, and chat panels. These features make communicating with clients easier and learning what they think of the website.
Web hosting services are being adopted regionally to optimize Search Engine Optimization (SEO) strategies due to the growing digitization of company processes, promoting market expansion. In addition, many businesses are converting to cloud hosting since it provides an economical, scalable, and trustworthy online infrastructure. Additionally, diagnosis, self-scanning, and repair are made possible by using artificial intelligence (AI) in web hosting services, which is projected to benefit the market's growth.
The UAE leads the Gulf Cooperation Council (GCC) in terms of eCommerce, with a market growth of 53% in 2020 and a record $3.9 billion in eCommerce sales, which accounted for 10% of all retail sales. A COVID digital shift played a significant role in that. By 2025, the UAE market's population is expected to have access to the Internet and mobile devices at a rate of nearly 100%, according to the Dubai Chamber of Commerce and Industry.
The e-commerce market in Saudi Arabia is well-positioned to expand further. Saudi Arabian internet users who engage in e-commerce (buying and selling) are anticipated to reach 33.6 million by 2024, up 42% from 2019. This wide growth of the e-commerce sector further results in the rising number of websites, thereby contributing to the growth of the market.
The Brazil market dominated the LAMEA Web Hosting Services Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,038.5 million by 2030. The Argentina market is showcasing a CAGR of 20.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 19.2% during (2023 - 2030).
Based on Deployment Mode, the market is segmented into Public Cloud, Private Cloud and Hybrid Cloud. Based on Application, the market is segmented into Public Website, Web Application, Mobile Application and Others. Based on End User, the market is segmented into Enterprise and Individual. Based on Type, the market is segmented into Shared Hosting, Dedicated Hosting, Collocated Hosting, Website Builders and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Web Hosting Services Market is Projected to reach USD 241.8 Billion by 2030, at a CAGR of 15.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IONOS Inc. (United Internet AG), Amazon Web Services, Inc. (Amazon.com, Inc.), AT&T, Inc., BLUEHOST INC. (Newfold Digital, Inc.), DREAMHOST INC., EASYHOST (team.blue), GoDaddy Inc., Google LLC (Alphabet Inc.), InMotion Hosting, Inc., and Liquid Web, LLC.
By Deployment Mode
By Application
By End User
By Type
By Country
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