According to web hosting statistics, the web hosting market is currently valued at $90.42 billion but that number is expected to triple in the next five years to reach an upward of $267.10 billion. As more and more businesses move towards digital transformation, the market size will continue to expand.
With technology maturing, new players entering the foray and emergence of new options, there is a lot going on in the web hosting industry. 2024 will be no different. Wondering what 2024 has in store for the web hosting industry? You are at the right place.
In this article, you will learn about seven web hosting trends that will transform the web hosting industry in 2024.
Here are seven web hosting trends you can not afford to ignore in 2024.
With countries and companies taking their carbon footprint seriously, we might see a shift towards green hosting. Sustainability and environment friendliness will become the new focus. Hosting providers that put the environment first and take measures to reduce the carbon footprint will be the ones that will come out on top in 2024.
Expect to see more web hosting providers embrace renewable energy sources and focus more on data center optimization so it consumes less energy and produces less heat. This will go a long way towards bringing down their carbon footprint and slow down climate change, which has become a top concern for everyone around the world.
One technology that is gaining a lot of momentum recently is edge computing. With massive data requirements, businesses can not afford to store and process data and waste resources in the process. Edge computing provides a perfect solution by storing and processing data at the edge in closer proximity, saving businesses a lot of resources in the process.
This enhances performance and reduces latency. Lower latency and faster speeds translates into a fluid user experience with little to no lag in data processing and accessibility. Expect to see edge computing integration, features and capabilities built into web hosting to deliver a more seamless user experience. Your website visitors won’t have to wait long to access your website or experience any delays.
Serverless architecture offers tons of benefits. From instant scalability to faster deployment and updates, cost effective and lower latency, you get all the perks with serverless architecture. Best of all, it frees up your developers from the worries of managing the server. With optimal resource allocation and utilization and faster code execution, it allows you to turbo charge the efficiency and productivity of your developers without putting a huge dent on your wallet.
Blockchain technology provides a perfect solution for all the web hosting security woes, thanks to its decentralized nature. This will help web hosting providers ensure transparency, data integrity while users can enjoy full control over their digital assets. Expect to see more and more web hosting providers offering blockchain hosting services or using blockchain technology in one way or another in 2024.
When it comes to hosting, cloud hosting is one of the most popular options. With a majority of businesses embracing the multi or hybrid cloud architecture, hosting providers will shift their focus from traditional server based hosting solutions to multi cloud hosting solutions. We are expecting to see a proliferation of multi cloud hosting solutions in 2024. This will create a boom in the multi-cloud sector of the cloud hosting market.
From a user perspective, multi-cloud hosting saves them from vendor lock-in and offers more flexibility. When your website is hosted in a multi cloud setup, it is less prone to data center outages and downtime. In addition to this, multi-cloud solutions are more cost effective as you can choose from multiple players who are offering competitive pricing. The added data protection that comes with multi-cloud and robust risk mitigation capabilities, is just the cherry on top.
As augmented reality technology goes mainstream and the demand for interactive experiences grows, we will see hosting providers jump on the augmented reality bandwagon in 2024. Augmented Reality hosting focuses on optimizing the hardware to deliver immersive experiences.
With dwindling attention spans from users, businesses will explore new ways to keep the users engaged. Expect some new augmented reality applications to pop up from this fusion of augmented reality and web hosting. 2024 will be the year where we will see all that unfold.
The growing number of cybersecurity attacks and data breaches is a red flag for both businesses and web hosting providers. Web hosting providers will start to take security more seriously, introducing advanced security features such as bullet proof encryptions, automated threat detection and protection against DDoS attacks.
On the flip side, threat actors will leverage generative AI to scale their malicious campaigns. Expect to see cyberattack targeting business websites skyrocket in 2024. Both businesses and web hosting providers should be fully prepared to deal with this challenge. Failure to do so will result in data leaks and compromises, resulting in a massive dent on your business reputation. As a business, you don’t want that.
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