European Hosting Services Market To Reach $6 Billion By 2007

HostReview.com
Thursday, January 1, 2004; 12:00 AM

( EMAILWIRE.COM, January 01, 2004 ) CEDAR KNOLLS, NJ -- The European hosting market will grow 25% per year to nearly $6 billion in 2007. A new report from Probe Group, "Western European Hosting Market, 2002-2007", forecasts service provider revenues for hosting in Europe and discusses individual provider offerings.

European hosting markets have seen their worst days, and growth is projected to be strong over the next few years. "Outsourcing budgets are increasing in many European companies despite overall IT cutbacks, and managed hosting is one of the fastest growing areas within IT," comments Liz McPhillips, Research Director for Probe Group.

"The uptake of broadband access by small businesses will drive demand for European hosting services, including web hosting, storage and other related applications," McPhillips continued. "Sweden and other Scandinavian countries are taking up broadband services quickly, and the hosting markets there will benefit the most."

Several factors will determine to success of hosting service providers. "For the small and midsized sectors, price is still very important," McPhillips continues. "While high-end clients will pay more, they demand premium levels of service." Access to multiple carriers is essential in all markets. "European enterprise customers no longer want to be held to a single provider because of costs and reliability concerns."

Probe's recent report, "Western European Hosting Market, 2002-2007", forecasts revenues for the hosting services market in Europe. In addition, a brief overview of 19 market participants is included. The report is part of the Worldwide Hosting and Managed Services Markets series, which provides ongoing analysis of the global market for hosting related services.

About Probe Group LLC
For over 26 years, Probe has leveraged its unique insights and extensive experience in both the traditional world of telecommunications and the burgeoning world of data and packet networks to offer clients sound counsel and realistic market forecasts. Probe has successfully maneuvered clients through changes in demand, demographic shifts, introduction and evolution of new technologies and platforms, industry structure transformations and financial market volatility. Probe provides clients with expert guidance through continuous research services, consulting projects, retainer programs and a variety of other direct analyst-access services.

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To obtain more information on the report, "Western European Hosting Market, 2002-2007" (WHMSM, Vol. 1, No. 4), the Worldwide Hosting and Managed Services Markets series, or to arrange an analyst interview, contact Karen Verrinder or visit Probe on the web at www.probegrp.com.