In a recent published report, Kenneth Research has updated the market report for Hosting Infrastructure Service Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Hosting Infrastructure Service Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Global Hosting Infrastructure Service Market Overview
Hosting infrastructure services provides virtualized computing resources such as software, hardware, servers, storage, and other infrastructure components over the internet. Enterprises are widely using hosting infrastructure services due to the increasing volume of business and financial data among the businesses in many verticals. Hosting infrastructure services include digital content management and website infrastructure management. These services help enterprises to decrease their operational costs of setting up an enterprise infrastructure and focus on core business-related activities.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
Market Size and Forecast
The hosting infrastructure service market, in terms of value, is expected to grow rapidly during the forecasted period at a good CAGR. Flexibility to run important business applications & reliable and robust IT infrastructures are expected to drive the growth of hosting infrastructure service market globally over the forecasted period. Rising penetration for hosting infrastructure services as they help in reducing the IT administration cost is also expected to contribute to the growth of hosting infrastructure service market over the forecasted period.
North America holds the largest market share in terms of revenue due to the rising focus on data center consolidation. The rapid growth in the use of cloud-based storage services in this region also expected to grow the market of hosting infrastructure service over the forecasted period. Most of the enterprises accept the cloud computing technologies and growing demand for the secure server is expected to bolster the growth of hosting infrastructure service market in this region over the forecasted period.
The Asia Pacific is anticipated to be the fast-growing market due to the increased usage of virtualization infrastructure and the adoption of cloud-based services. The hosting infrastructure services industry in developing economies such as China and India are expected to rise due to increasing internet penetration among the population. The increasing affordability of smartphones and mobile internet is also expected to stimulate the growth of the hosting infrastructure service market in this region over the forecasted period.
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Europe is expected to show positive growth in terms of revenue over the forecasted period due to the presence of tremendous opportunities for hosting the infrastructure service market in various verticals such as the government sector. Latin America and Middle East regions are anticipated to grow at a significant pace due to the increasing number of small to medium size businesses. An increase in the shift from a traditional on-premises deployment to the cloud-based deployment of various solutions across many industries are also expected to contribute to the growth of the hosting infrastructure service market in this region over the forecasted period.
Key players
Some of the examples of market players in the global hosting infrastructure service market identified across the value chain include:
Amazon Web Services, Inc.
GoDaddy
Hewlett Packard
Google
IBM Corporation
Rackspace Inc.
CenturyLink, Inc.
Internap Corporation
Microsoft
Others
Business Questions answer by the report
- How will the market drivers, restraints and opportunities affect the market dynamics?
- What will be the market size in terms of value and volume and market statistics with detailed classification?
- Which segment dominates the market or region and one will be the fastest growing and why?
- A comprehensive survey of the competitive landscape and the market participant players
- Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why Kenneth Research offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
- Additional company detail analysis.
- Additional country analysis.
- Detailed segment analysis.
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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