Global Email Hosting Services Market to Reach $82.3 Trillion by 2027
Amid the COVID-19 crisis, the global market for Email Hosting Services estimated at US$25.8 Trillion in the year 2020, is projected to reach a revised size of US$82.3 Trillion by 2027, growing at a CAGR of 18% over the period 2020-2027.
Web Mail, one of the segments analyzed in the report, is projected to record 15.2% CAGR and reach US$38.2 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hosted Mail segment is readjusted to a revised 21% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7 Trillion, While China is Forecast to Grow at 23.1% CAGR
The Email Hosting Services market in the U.S. is estimated at US$7 Trillion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$19 Trillion by the year 2027 trailing a CAGR of 22.8% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13% and 15.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.