Hosting Infrastructure Services Market is Rise at a High CAGR of 8.1% from 2022 – 2029
The Hosting Infrastructure Services Market is estimated to be valued at US$ 15.4 billion in 2022, with a CAGR of 8.1 percent to reach US$ 26.6 billion by the end of 2029. Operating efficiency, low cost, and increased security are all aspects that have contributed to the rise in the use of hosting infrastructure services. Market vendors are also capturing strong developments in small and midsize enterprises (SMBs) as dynamic opportunities to acquire more traction, according to the FMI research.
Managed Hosting and Colocation Services have seen significant growth.
Managed to host and colocation services continue to grow in popularity, accounting for over half of all revenue. As companies concentrate on their core capabilities rather than worrying about IT infrastructure management, the average investment is expected to rise steadily. According to the survey, adoption in the storage, data security, and cloud computing areas is expected to stay robust. The adoption of ‘pay-per-use’ managed hosting and colocation services has thus permitted the vital exchange and interconnection of the entire IT ecosystem.
It’s also worth noting that virtual private server (VPS) hosting services are becoming increasingly popular. VPS services are expected to see an increase in spending during the projected period since they provide greater server control and enable the agile deployment of virtualized workloads at low infrastructure costs.
Competitive Environment
- HPE Development LP
- AT&T Inc.
- Level 3 Communications
- CenturyLink Inc.
- Microsoft Corporation
- Colt Technology Services Group Limited
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