The Data Processing and Hosting Services Market is expected to register a CAGR of over 8.7% during the forecast period (2020 - 2025). With the growing data processing services, there has been an increase in the requirement of new servers to keep the data up-to-date, which is expected to drive the market during the forecast period.
- The strong presence of BFSI across the emerging regions of North America and Europe led to increased penetration of digital services at a substantial rate, which is generating huge demand for analyzing enormous data generated through multiple data processing techniques, thereby fueling the market demand during the forecast period.
- Businesses across the emerging economies have increasingly outsourced their IT infrastructure needs, thereby directly benefiting the hosting operators, which is further driving the market demand.
- Also, the implementation of big data analytics has elevated the stakes for successful data preparation from many sources using multiple data analysis techniques, thereby maintaining the substantial ROI thereby cleaning, combining, and transforming the unstructured data.
Scope of the Report
Data processing includes the collection and manipulation of a different form of data to extract meaningful insights from it. Companies extend their access to the very large dataset in order to gain a competitive edge and deliver critical business insights to its clients. Data processing is done for the conversion of data into a usable and desired form. Hosting services comprise of a wide range of offerings, including web hosting, off-site backup, virtual desktops along with Cloud services. Hosted services accessed from an external provider take a range of forms, that may be categorized in different ways.
Key Market Trends
Web Hosting is Gaining Traction Due to Emergence of Cloud-based Platform
- Web hosting services are gaining traction to cater 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.
North America to Register as the Largest Growth During the Forecast Period
- North America is expected to register as the largest growing market, over the forecast period, mainly due to high investments in cloud-based and data-oriented solutions, along with early adoption of new and emerging technologies.
- Also, a large number of significant market vendors dealing across the data-processing and hosting services such as IBM Corporation, GoDaddy.com, Teradata Corp. among others along with the growing technological advancement in the region is helping the market vendors to develop more advanced solutions to cater to complex situations.
are further expected to drive the market demand.
- Moreover, the adoption of business intelligence tools is quite high among the regional end-user industries. Data preparation solutions can further enhance the function of these tools through features, like 360-degree views and mastering customer, product, employee data, data automation, and application migrations, among others.
The Data Processing and Hosting Services Market is moderately competitive and consists of a few major players. In terms of market share, some of the players currently dominate the market. However, with the advancement in the hosting solutions across the professional services, new players are increasing their market presence thereby expanding their business footprint across the emerging economies.
- October 2019 - GoDaddy Inc. had announced an integration with WooCommerce, the most popular and powerful eCommerce engine available for WordPress. With this integration, GoDaddy will support its WordPress users by providing the best tools for building their online presence. The integration reduces the typical four-step set-up process into one easy step so GoDaddy WordPress users can set up a fully functioning eCommerce site in no time.
- October 2019 - SAP SE and Microsoft Corp. had announced an extensive go-to-market partnership from conceptualization to sales in order to accelerate customer adoption of SAP S/4HANA and SAP Cloud Platform on Microsoft Azure.
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