Artificial Intelligence
Web Hosting Services Market to Hit USD 267.10 Billion by 2028; Increasing Number of Small & Medium Enterprises to Catalyze Market Growth: Fortune Business Insights™
Pune, India, March 18, 2021 (GLOBE NEWSWIRE) — The global web hosting services market size is projected to reach USD 267.10 billion by 2028, exhibiting a CAGR of 18.0% during the forecast period. According to the Fortune Business Insights™ report, titled “Web Hosting Services Market, 2021-2028”, the market value stood at USD 75.03 billion in 2020.
Highlights of the Report
The report offers valuable insights into the market drivers, trends, and restraints, besides providing a comprehensive analysis of all the segments in the market. Further, the report contains an in-depth study of the regional developments and prospects of the market, along with detailed research into the competitive dynamics of the market. Lastly, the report also shares a panoramic overview of the overall industry outlook.
COVID-19 Impact
The COVID-19 pandemic outbreak has caused unprecedented upheavals in physical business infrastructures as governments across the globe have had to impose lockdowns and social distancing measures to curb the spread of the virus. For example, a survey by the National Bureau of Economic Research (NBER) found that 43% of the respondents faced a temporary or permanent shutdown of business in the US in 2020 due to the pandemic. Similarly, a private survey in India revealed that the pandemic is set to hit 74% of the startups in the country. This dire situation has, therefore, led the market to register a lower CAGR of 11.9% and reach a value of 83.99 billion in 2021. Click here to get the short-term and long-term impact of COVID-19 on this market.
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Market Driver
Emergence of Hosting Services for Startups to Boost the Market
The proliferation of startups and small businesses around the world has created an intense need for cost-efficient and sustainable online platforms. Since the accessibility to the internet is speedily increasing, these entities are placing a high importance on maintaining a strong virtual presence and growing their businesses in the digital space. To cater to this demand, several companies providing web hosting services to startups have emerged and are gathering momentum worldwide. For example, Hostwinds is a virtual private server (VPS) hosting service provider that offers reliable services and round-the-clock technical support to small enterprises and startups in the US and the UK. Similarly, Bluehost provides a web hosting platform with features such as GB file transfer, free templates, domain names, and unlimited domain hosting, all under one account. Thus, the emergence of web hosting companies delivering specialized services to startup businesses will accelerate the growth of this market. Incorporation of AI in Web Hosting Services to Open New Vistas for Market Growth
One of the most promising factors propelling the web hosting services market growth is the incorporation and integration of artificial intelligence (AI) and machine learning (ML) technologies in hosting platforms. AI and ML are enabling web service providers to create and deliver more enhanced and comprehensive products to clients. For example, the persistent threat of cyber-attacks and associated crimes can be mitigated using AI. Algorithms and firewalls powered by AI can detect bugs and malware and alert the provider of the potential threats they can cause to the platform. AI can also augment the accuracy and proficiency of a website by taking care of routine tasks. AI-enabled chatbots, for instance, can communicate with site visitors and supply them with basic information about the service. This, in turn, can also optimize domain performance. Thus, AI holds limitless opportunities for web service companies, which favors the growth of this market.
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Market Segments
On the basis of type, the market segments include shared hosting, dedicated hosting, collocated hosting, virtual private server hosting, and others. Based on application, the market has been divided into public websites, mobile applications, intranet sites, and online applications.
In terms of deployment, the market has been categorized into public cloud, private cloud, and hybrid cloud. Here, the public cloud segment led the market in 2020 with a share of 51.6%.
By region, the market has been segregated into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Regional Insights
North America Revenue Generation Stood at $34.32 Billion in 2020, to Lead the Market till 2028 North America is expected to dominate the web hosting services market share during the forecast period, having generated revenue worth USD 34.32 billion in 2020. The leading position of the region is attributable to the intense competition among small business enterprises in the region in the virtual space. Moreover, the widespread adoption of smartphones and social media in the US and Canada are also prompting companies to focus their energies on maintaining a dynamic presence on digital platforms.
Europe is set to emerge as the second-highest revenue-generating region, backed by a robust network infrastructure, 5G rollout, and IT outsourcing trends in the region. In Asia Pacific, the steady shift of businesses to online platforms, with growing policy support, will stoke the demand for web hosting services in the foreseeable future.
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Competitive Landscape
Agreements between Social Media Giants & Web Service Companies to Intensify Competition Companies providing specialized web hosting services are actively collaborating with social media bigwigs to widen the horizons of their businesses. These collaborations are also aiding small & medium businesses to access next-gen technologies and leverage digital tools to expand their market presence.
Industry Developments:
List of Key Players Covered in this Market Report:
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Major Table of Contents:
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Field Service Management Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, Services) By Deployment (Cloud, On-Premise), By Organization Size (Large Enterprises, Small and Medium Sized Enterprises (SME’s)), By Vertical (BFSI, IT and Telecommunication, Healthcare and Life Sciences, Manufacturing, Transportation and Logistics, Construction and Heavy Equipment, Energy and Utilities, and others), and Regional Forecast, 2020-2027
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Artificial Intelligence
Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors
BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.
The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development.
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference.
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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Artificial Intelligence
CGTN: China honors individuals with highest awards in celebration of 75th National Day
BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.
The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
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Artificial Intelligence
Kazakhstan Government Delegation Visited SUPCON
HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.
The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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