Market Insights Technology IT Services IT Outsourcing

Web Hosting - Romania

Romania

Revenue in the Web Hosting market is projected to reach US$141.80m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.65%, resulting in a market volume of US$333.50m by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$17.26 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

Romania, a country located in Southeast Europe, has been experiencing significant growth in its Web Hosting market.

Customer preferences: Romanian customers are increasingly looking for reliable and affordable web hosting services. They are also interested in additional features such as website builders, email hosting, and domain registration. Additionally, many customers prefer to work with local web hosting providers who can offer personalized support and services in their native language.

Trends in the market: The Web Hosting market in Romania is becoming increasingly competitive with the entry of new players and the expansion of existing providers. As a result, prices are becoming more competitive, and providers are offering more features to attract customers. Cloud-based hosting solutions are also becoming more popular in Romania, as they offer greater flexibility and scalability.

Local special circumstances: Romania's location in Southeast Europe makes it an attractive location for businesses looking to expand into the region. Additionally, the country has a highly educated workforce and a growing technology sector, which is driving demand for web hosting services. The Romanian government is also supportive of the technology sector and has implemented policies to encourage its growth.

Underlying macroeconomic factors: The Romanian economy has been growing steadily in recent years, with a focus on technology and innovation. This growth is driving demand for web hosting services as more businesses look to establish an online presence. Additionally, the country's membership in the European Union has made it easier for businesses to operate across borders, further increasing 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.