Read Previous Trend:#2. Green Web Hosting
Pricing competition trends highlights
- The shared web hosting service market segment is forecasted to have a 10.3 CAGR from 2019 to 2025.
- Web hosting services compete with each other with their prices on the line.
- The price of creating a website depends on web hosting, domain, content creation, graphic design, and more.
- Shared web hosting is usually the cheapest type of web hosting.
As the demand for web hosting spikes, the price wars follow suit and continue to heat up. The web host industry is getting extremely competitive day by day. Thus, apart from unique tools and features, web hosting companies often compete with their prices on the line. To attract new customers, they start to offer tempting and fairly discounted buy-in deals.
The costs in building a site vary greatly depending on the complexity or simplicity of your needs. The price of a website boils down to several items: web hosting, domain, content creation, graphic design, web development, and marketing among others.
In web hosting, there are different price schemes offering different features and options. Shared web hosting usually offers the cheapest prices. Nonetheless, finding the right features, the best hosting services software, and the right price for a website can provide a smooth platform for businesses on the web.
The shared web hosting service, which controls 31.7% of the market, is predicted to have a CAGR of 10.3 from 2019 to 2025 (Berkaweb, 2020). Compared to cloud hosting and dedicated hosting, shared web hosting usually comes cheap, and they provide excellent server performance and features. However, there is always a reason for cheap prices, so website owners will have to be wary and check if the web host provider can cover all the demands of the website they need. Shared hosting services are available for as low as $2 a month.
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