Web Hosting Industry Overview
How large can the industry get and can it sustain its current growth rate?
The Yankee Group, a leading technology market research firm, projects that by 2003, the market for web hosting services will grow to $14.4B, at a compound annual growth rate of 48%.
A Rapidly Growing Market The growth in the popularity, size and use of the Internet has been staggering. It has changed the way people communicate, learn, and most of all do business.
Consequently, the need for enhanced web services, like web hosting, has exploded in recent years, and it represents the fastest growing segment of the Internet services market.
IDC predicts that the United States market for web hosting will grow from $806 million in 1998 to $18.9 billion in 2003, representing a compounded annual growth rate of 85.4%. IDC also estimates that the international market for web hosting services will grow at a faster rate, from $16.5 million in 1998 to $1.3 billion in 2003, a compound annual growth rate of 138.7%.
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