Market Insights Technology IT Services IT Outsourcing

Web Hosting - Iran

Iran

Revenue in the Web Hosting market is projected to reach US$527.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.92%, resulting in a market volume of US$1,153.00m by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$17.62 in 2024.
In global comparison, most revenue will be generated in the United States (US$58,300.00m in 2024).

Key regions: Germany, China, United States, United Kingdom, Italy

Market

Region

Region comparison

Currency

Analyst Opinion

Iran, with a population of over 80 million people, has been experiencing a growing demand for web hosting services in recent years.

Customer preferences: Iranian customers prefer web hosting providers that offer affordable and reliable services. They also tend to prioritize local providers that offer customer support in their native language. Additionally, customers in Iran prefer web hosting providers that offer a range of features, such as domain registration and website builders.

Trends in the market: One trend in the Iranian web hosting market is the increasing popularity of cloud hosting services. This is due to the flexibility and scalability of cloud hosting, as well as the cost savings it can provide. Another trend is the growing demand for WordPress hosting, as more businesses and individuals in Iran are using WordPress to create and manage their websites.

Local special circumstances: Iran's government has strict regulations on internet usage and content, which can impact the web hosting market. For example, some websites are blocked in Iran, and web hosting providers must comply with government censorship policies. Additionally, sanctions imposed by the United States have limited the ability of Iranian businesses to access international web hosting services.

Underlying macroeconomic factors: The Iranian economy has been facing challenges in recent years, including high inflation and a devalued currency. This has led to a growing interest in entrepreneurship and online businesses, as individuals and companies seek alternative sources of income. As a result, the demand for web hosting services has increased, particularly among small and medium-sized businesses. Additionally, the COVID-19 pandemic has accelerated the shift towards online business in Iran, further driving demand for web hosting services.

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.