DUBLIN–(BUSINESS WIRE)–The “Data Processing and Hosting Services Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The Data Processing and Hosting Services Market is expected to register a CAGR of over 3.58% during the forecast period (2021 – 2026).
Key Market Trends
Web Hosting is Gaining Traction Due to Emergence of Cloud-based Platform
- Web hosting services are gaining traction to cater to the rising demand from the client requirement that is suitable as per the type of web hosting service is selected. The shared hosting services are suitable for a website with low traffic but if the website with high traffic, using dedicated servers is suitable for the hosting services. Further, the colocation hosting services are experiencing the highest demand owing to its reasonable cost structure.
- The emergence of the cloud has been monumental in modernizing data management and hosting services, as it is a cost-effective method, for companies to take advantage of modern technology and architecture, without the enormous upfront cost to purchase, install, and configure the required hardware, software, and infrastructure.
- Also, the large enterprises were able to adapt to an evolving data-driven marketplace very quickly, with the help of their existing resources and capabilities to manage them very effectively.
- The substantial presence of BFSI across the emerging regions of North America and Europe has driven an increased penetration of digital services at a substantial rate, that is generating massive demand for analyzing enormous data generated through multiple data processing techniques, thereby fueling the market demand during the forecast period.
- While there are still data processing and hosting companies in United States, the rise of Indian companies such as Infosys and US businesses’ propensity to outsource their work abroad is creating a more globalized industry. Data processing and hosting companies will have their sales and client relationship in the United States while outsourcing the main operation abroad at a lower cost.
Asia Pacific to Register as the Largest Growth During the Forecast Period
- The Asia-Pacific region has witnessed high growth for the market studied, owing to the 50.7% of the World Internet Population in the region. There is increased activity in terms of data center services in the region. Besides international market vendors like IBM and Amazon setting up shop in the region, some homegrown giants like Huawei Investment & Holding Company are transforming the IT landscape.
- Growing demand from enterprises is expected to propel cloud computing and other associated data services in the country. Also, advancements in data center technology and its integration with other associated services are the key driving factors for China’s growth.??
- According to the measure of data center space per user, the number of internet data centers in China would increase to at least twenty-two times that of the United States, or at least ten times the current space of Japan. Along with the continuous growth of gaming, online streaming, and e-commerce, the Internet industry contributes the most significant demand for the data center market in China. ??
- Strong government backing and substantial private sector investments are boosting the cloud computing industry’s growth. The South Korean government has deployed cloud computing technologies to improve its e-government services, banking on the country’s super-fast internet connectivity, and stable LTE availability. This is expected to contribute to the market’s growth positively over the forecast period. ?
- Also, the region is expected to hold a significant share during the forecast period. This is due to various factors, such as rapid growth in the number of data centers in the region supplemented with the government’s initiatives mandating the deployment of data centers in the region.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness – Porter’s Five Force Analysis
4.3 Technology Snapshot
4.4 Assessment of COVID-19 Impact on the Industry
4.5 Market Drivers
4.5.1 Growing Adoption of Cloud Computing to Accomplish Economies of Scale
4.5.2 Rising Demand for Outsourcing Data Processing Services
4.6 Market Restraints
4.6.1 Lack of Flexibility and Scalability in terms of Hosting Infrastructure
5 MARKET SEGMENTATION
5.1 Organisation
5.2 Offering
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles (Hosting)
6.1.1 GoDaddy Operating Company LLC.
6.1.2 Bluehost (Endurance International Group)
6.1.3 HostGator.com LLC
6.1.4 Hostinger International, Ltd.
6.1.5 Amazon Web Services Inc.
6.1.6 SiteGround Hosting Ltd.
6.1.7 A2Hosting
6.1.8 DreamHost LLC.
6.1.9 GreenGeeks.com
6.2 Company Profiles (Data Processing)
6.2.1 IBM Corporation
6.2.2 Teradata Corporation
6.2.3 Hewlett Packard Enterprise Development LP
6.2.4 SAP SE
6.2.5 Oracle Corporation
6.2.6 Alteryx Inc.
6.2.7 Cloudera Inc.
6.2.8 Salesforce.com Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/rdtzn4