With cloud spending forecasted to exceed $480 billion in 2022, it’s hard to fathom an industry that won’t be impacted. “The economic, organizational, and societal impact of the pandemic will continue to serve as a catalyst for digital innovation and adoption of cloud services,” according to Gartner Senior Research Director Henrique Cecci.
As for the web hosting space, it’s hard to find a single company that isn’t feeling the heat. While the shared hosting market grew steadily from 2015 to 2020, the pandemic inspired a switch to cloud hosting for online solutions.