Read the Previous Trend: #8. Managed Web Hosting Services
Targeting markets trends highlights
- In 2021, the web hosting market in the US is forecasted to reach $24.51 billion, the highest worldwide. (Statista, 2021)
- Smaller web hosting companies are finding niche markets for less competition.
- Having a USP attracts new clients.
- By targeting niche markets, your site rankings can improve on search engines.
Web hosting companies, much like other businesses, run on continuous hard work and efforts of retaining old clients and attracting new ones. By 2021, the United States is expected to have a web hosting market volume of $24.51 billion making it the top country with the highest generated web hosting revenue. (Statista, 2021)
Nonetheless, not all market segments can be covered by a single web hosting provider. Finding a niche is still the best way to stand out among hundreds of competitors.
When it comes to pricing and a variety of hosting services, it can be difficult to compete with giant and established web hosting providers. Thus, if you’re on to starting a hosting company, it’s a great idea to target niche markets. By doing so, your site rankings can improve on search engines due to less competition.
Furthermore, by focusing on a specific group of customers, you’ll be able to connect with your customers on a more personal level. Finding your USP can also help differentiate your web hosting company from the competition Nonetheless, it’s still just as important to pick an audience large enough to bring profits.
Read the Next Trend: #10. DIY Website Builders