Hosting & data storage services market revenue in the World 2020-2029

The global revenue in the 'Web Hosting' segment of the IT services market was forecast to continuously increase between 2024 and 2029 by in total 195.9 billion U.S. dollars (+122.48 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 355.81 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Web Hosting' segment of the IT services market was continuously increasing over the past years.

Find further information concerning the revenue in the IT services market in Europe and the revenue in the IT services market in the United States.

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Hosting, storage, and computing cloud services market revenue in the World from 2020 to 2029 (in billion U.S. Dollars)*

Characteristic	Revenue in billion U.S. Dollars
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition :
The Web Hosting market includes all types of internet hosting services that allow companies or individuals to provide access to their web page via the World Wide Web. Services such as shared hosting, dedicated hosting, virtual private server hosting, and internet connectivity are provided on a server that is owned or leased by the client. Web hosts can also provide physical space that the server occupies and manages, which is also referred to as colocation hosting. Other managed services such as managed infrastructures and managed data centers are excluded from this analysis.

Additional Information:

The Web Hosting market comprises revenues, revenue change, average spend per employee, and a list of the key players in the market and their consolidated revenues. Market values represent revenues that are generated by primary vendors either directly or through distribution channels at the manufacturer price level (excluding VAT). Reported market revenues include spending by enterprises (B2B) and governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed. Key players in the market include Amazon Web Services, Google, and GoDaddy.

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