The Covid-19 global pandemic has brought about hundreds of little changes in every aspect of our lives. From the way we shop to the way we greet people, work, and even exercise, everything has changed. One of the most significant changes and its impacts that all of us around the world are actively feeling – is the change in our work lives.
Going to office, meeting our colleagues, meetings with our bosses, all of it seems to have come to a standstill- until very recently. After a few months of wading around the pandemic, some semblance of normalcy has started to creep its way back into our lives. Now, many of us are back to work. The only difference is that we are currently working from home instead of our offices.
Due to the sudden surge of work from home along with the immediate need of businesses to host their services online, the web hosting services market has expanded significantly. It is predicted that within the year 2026, the global web hosting services will grow and rise monumentally, with an impressive CAGR and also generating the highest revenues ever seen.
What is a web hosting service?
A web hosting service is simply a provider which allows the tools and technologies required by online businesses to be seen by their audiences. In simple terms, this means that if you have a business (now, an online business) and you want your website to gain visibility amongst global audiences, you will need an individual platform and tools to do this. A web hosting service provider will provide you with just these tools and space and storage online, which you need.
A provider is said to host a website when it is allocating specific space on web servers where a website can store its files.
Read more: How To Choose a Web Hosting Provider
What are the leading companies in the global web hosting service market?
There are several companies that host websites; however, some of the leading global companies providing this service are quite well known to most of us. These are:
- Amazon Web Services
- AT&T Inc.
- Google Inc.
- Earthlink Inc.
- Equinix Inc.
- DreamHost Inc.
Presently, the cloud market stands at a value of 233 billion USD. However, by the year 2021, there should be a 12.5% CAGR growth, with the value shooting up to 295 billion USD.
The reason behind this boost will be due to more business enterprises using SaaS solutions as they attempt to provide more support to their employees working remotely.
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Which segment will show the highest growth rate in the global cloud industry?
During this forecast period, it is estimated that the consumer goods and retail segment will show the highest growth rate, followed closely by the IT and the ITeS segment. Again, the reason behind this is because more and more retailers are starting to take advantage of these tools and services, along with a unified workforce, to increase their overall productivity during this period.
The healthcare segment during 2020
Undeniably, it is the healthcare system which is facing the maximum amount of pressure due to the Covid-19 pandemic. It is also, inevitably, this segment which will need to rapidly increase its technologies and cloud infrastructure to manage the patients during this global crisis better.
By upgrading to a more secure cloud infrastructure and implementing high technology tools, healthcare providers and systems can provide better care to the ever-growing number of patients.
This global pandemic is a kind of crisis condition where physical contact between the patients and healthcare providers should be minimized rather than maximized. To enable this, it is vital to have more contactless methods and tools for patient care. As more and more services are becoming electronic, the need for mobile services is also increasing.
The healthcare systems are also in need of more accurate cloud-based applications, which will allow them to measure and estimate the resource requirements, such as more ventilators, more ICU beds, and better testing tools.
Due to an increase in these clinical insight requirements, and also the need for better data analytics, cloud-based service providers will have better opportunities to expand during the Covid-19 pandemic.
Key Market Players
The global CSPs such as Microsoft, Amazon, Google, and IMB, along with other Chinese based cloud vendors such as Baidu, Alibaba, and Tencent, is currently at the top market position, with equally distributed but a highly fragmented market base. These key players are further looking to adopt different strategies to expand their market base during the Covid-19 global pandemic. Some of these strategies include new service launch, partnerships, and other strategies to expand their virtual and global presence further.
Currently, Amazon Web Services (AWS) (US) is one of the top players in this cloud market. AWS provides various SME’s and cloud computing services to many enterprises all over the globe. The company offers flexible pricing models, different kinds of web hosting services internet of things (IoT), augmented reality and virtual reality, and a host of other services to various enterprises globally.
What is one of the key web hosting services which will be the biggest market driver?
Increasing mobile marketing platforms will be one of the biggest drivers and will create a lot of prospects for businesses to showcase their products and services online. Not only that, but it will also provide a significant number of opportunities to web hosting service providers in the market as well.
Mobile marketing platforms have been used for marketing and advertising for a long time now. However, by advancing the tools and technologies, these platforms can be used in other ways as well. In-app banners, pop up ads, mobile rich media, banner ads, all of this have been used already. However, for web hosting services, by providing recommendations using recent searches and social media searches, the e-commerce industry can provide more significant marketing of their services.
When e-commerce companies can adopt better and more advanced tools and penetrate the mobile marketing platforms, they will be a significant spike in their demand, and their market drive growth as well.
COVID-19 testing, collecting test results and storing health data are new concepts for many of us. You are not alone if you are concerned or do not know where to start. When it comes to the sanctity of personal information, it is not worth the risk to your business or reputation, so seek advice.
About the Author
This article was submitted to us by a third-party writer. The views and opinions expressed in this article are those of the author and do not reflect the views and opinions of ThisHosting.Rocks. If you want to write for ThisHosting.Rocks, go here.