Hostinger becomes the world’s fastest growing web hosting company
Recent growth makes Hostinger the fifth largest web hosting company worldwide
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Lithuanianweb hostingcompanyHostingergrew by 57% with revenues of €110.2 million in 2023 and a positive EBITDA according to its latest earnings report, making it the fifth largest web hosting company by market share, overtaking long-time rivals includingGoDaddy.
“Each year, we are growing rapidly towards our ambitious goal of becoming the world’s No. 1 web hosting business. 2023 was no exception when we steadily grew our results," noted Daugirdas Jankus, CEO of Hostinger.
“While we may look like a big business in our region, we still have a long way to go in the global market. We will continue to compete for the best talent, learn fast, and apply our knowledge to develop competitive products.”
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Hostinger also says it has made many behind the scenes updates improving speed with kernel-based virtual machine virtualisation forVPS hostingand an in-houseCDN networkplus other optimizations improving client experience.
We askedHostingerwhat aspects have had a significant impact on making their hosting service so popular, with Saulius Lazaravicius, VP of Product, noting, “during recent years, Hostinger has put a huge focus on improving the customer experience and making website creation easy for everyone. According to data, this also decreased the Customer Support load by two times. Less than 1% of Hostinger’s clients seek assistance today.”
Hostinger boosts web hosting market share
As of May 2024, Hostinger has over 2.42 million customers in over 150 countries with a global market share of 2.8%, up from 1.4% in May 2023 (according tow3techs.com).
Its most active user base is from India, Brazil, USA, Indonesia, and France, with theUnited Kingdom, Spain, Pakistan, Mexico, and Colombia making up the top 10.
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Over the last year, Shopify has also had large gains overtaking Newfold Digital Group (BlueHost,Hostgator) as the second largest web host by market share withAmazonin first place holding 5.7% and Newfold Digital Group losing 0.7% in the same period.
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James is a tech journalist covering interconnectivity and digital infrastructure as the web hosting editor at TechRadar Pro. James stays up to date with the latest web and internet trends by attending data center summits, WordPress conferences, and mingling with software and web developers. At TechRadar Pro, James is responsible for ensuring web hosting pages are as relevant and as helpful to readers as possible and is also looking for the best deals and coupon codes for web hosting. When James is not at his desk he enjoys hiking in the mountains close to his home in California.
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