Hosting Infrastructure Services Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast 2023 to 2033

The hosting Infrastructure Services Market is expected to hold a valuation of US$ 15.4 Billion n in 2022 and rise at a high CAGR of 8.1% to top a net worth of US$ 26.6 Billion by the end of 2029. Operating efficiency along with low cost and enhanced protection are recognized as key factors behind the spike in the adoption of hosting infrastructure services. Also, robust developments in small and midsize businesses (SMBs) are being captured by market vendors as dynamic opportunities to gain higher traction, opines the FMI report.

Several companies operating in the BFSI industry are embracing hybrid cloud models through which critical applications and processes are migrated to the private cloud with advanced security attributes, while other applications are transferred to the public cloud for agility and cost efficiency. These factors are likely to increase the appeal for businesses and enterprises to leverage hosting infrastructure service providers.

Hosting Infrastructure Services Market

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Managed hosting and colocation services continue to witness greater adoption; collectively, these account for 2/5th revenue shares. As businesses make it a point to focus on their core competencies, rather than worrying about managing IT infrastructure, average spending is likely to witness a steady increase. According to the study, adoption is likely to remain strong in storage, data security, and cloud computing categories. The adoption of managed hosting and colocation services based on the ‘pay-per-use’ model has thus enabled the critical exchange and crossroads of the entire IT environment.

It is also imperative to note that virtual private server-based services or VPS hosting services are growing in prominence. Providing enhanced control over servers and enabling agile deployment of virtualized workloads at low infrastructure cost, spending on VPS services is likely to witness an uptick throughout the forecast period.

While industry-wide adoption of Software as a Service (SaaS) continues to influence growth strategies, stakeholders are focusing on boosting the visibility of other services such as Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). As enterprises are increasingly incorporating IaaS in their hybrid IT environments, hosting infrastructure service providers are implementing the latest tools and technologies to improve operational efficiency at competitive offerings. According to the FMI report, hosting infrastructure revenues through the adoption of IaaS is estimated to register a year-over-year (Y-o-Y) growth of 8% in 2019 through 2018.

According to the report, vendors are focusing on offering novel services and highly standardized products through technological innovations. Small players are flourishing through the presence of data centers in respective countries and specific offerings for local customers.

FMI’s research study offers a long-term perspective and extensive analysis of opportunities prevailing in the hosting infrastructure service market for the period between 2022 and 2029. According to the study, the global hosting infrastructure services market is estimated to record a CAGR of ~8.1% during the forecast period.

The United States is one of the most lucrative markets for technology and the well-established technological industry is one of the prime factors responsible for this. The presence of key hosting infrastructure service providers and major technological enterprises that avail their services has majorly driven the market for hosting infrastructure services in the United States. The nation is also seeing high deployment for data centers, and this is expected to influence hosting infrastructure service demand over the forecast period.