From a Google search, it is revealed that there are over 330,000 web hosting providers worldwide. GoDaddy holds nearly 20% of the market, followed by Amazon AWS, 1&1, and Hostgator. Market Watch forecasted that the global web hosting market would grow to USD 154 billion by 2022 and is projected to reach $183.05 billion by 2027. In 2019 it was valued at $57.46. It represents a capital-adjusted growth rate (CAGR) of around 16 percent from 2016 to 2022 and 15.2% from 2020 to 2027.
The above figures suggest that it is one of the most profitable business and do not need a high amount of investments. The web hosting business owners can expect to make a lucrative income from this subscription-based business. Although the web hosting market is highly competitive, a company with a business plan consistently adds new customers, retains existing customers, and deal with issues or answers stakeholder queries thrives.
It’s easy to start a web hosting business, and most IT professionals take it as an opportunity to start it as an additional income source. While working as web developers or designers, they get familiar with software and its features. They purchase a Reseller hosting plan with white label support from a branded provider and then create their hosting packages, create a corporate billing system, and use private nameservers. Thus, their web hosting business starts at a meager investment.