Market Insights Technology IT Services IT Outsourcing

Web Hosting - Taiwan

Taiwan

Revenue in the Web Hosting market is projected to reach US$1.00bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.71%, resulting in a market volume of US$2.26bn by 2029.
The average Spend per Employee in the Web Hosting market is projected to reach US$38.67 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

Taiwan, an island nation located in East Asia, has seen a significant increase in the demand for web hosting services in recent years.

Customer preferences: The customers in Taiwan prefer web hosting services that are reliable, secure, and affordable. They also prefer services that provide fast loading speeds, easy-to-use interfaces, and excellent customer support. The increasing number of small and medium-sized enterprises (SMEs) in Taiwan has also led to a rise in demand for web hosting services.

Trends in the market: One of the major trends in the web hosting market in Taiwan is the growing popularity of cloud hosting services. Cloud hosting provides scalability, flexibility, and cost-effectiveness, making it an attractive option for businesses of all sizes. Another trend is the increasing adoption of website builders, which allow users to create websites without any coding knowledge. This trend has made web hosting more accessible to individuals and small businesses.

Local special circumstances: Taiwan has a highly developed technology industry, with many companies specializing in hardware and software development. This has led to a highly skilled workforce and a favorable environment for the development of web hosting services. Taiwan's location also makes it an ideal location for data centers, which are essential for web hosting services.

Underlying macroeconomic factors: Taiwan has a strong economy, with a high level of technological development and a skilled workforce. The government has also implemented policies to encourage the growth of the technology industry, which has contributed to the development of the web hosting market. Additionally, the increasing number of SMEs in Taiwan has created a demand for affordable and reliable 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.