The Lithuanian web hosting firm Hostinger experienced a 57% growth with revenues reaching €110.2 million in 2023, accompanied by a positive EBITDA as indicated in the latest financial report. This achievement positions Hostinger as the 5th largest web hosting company based on market share, surpassing various competitors including GoDaddy.
CEO of Hostinger, Daugirdas Jankus, expressed, “Every year, we strive towards our ambitious objective of becoming the leading web hosting company globally. The year 2023 showcased our consistent growth. Although we may appear as a significant player in our region, we still have considerable ground to cover in the international market. Our focus remains on attracting top talent, continuous learning, and leveraging our expertise to craft competitive products.”
Hostinger has also disclosed a series of behind-the-scenes enhancements focused on enhancing speed, such as the integration of kernel-based virtual machine virtualization for VPS hosting and an in-house CDN network, alongside other optimizations to enhance the overall client experience.
When inquired about the key factors contributing to the popularity of their hosting service, Hostinger attributed it to their emphasis on enhancing customer experience and simplifying website creation for all. According to data, this effort has also led to a 50% reduction in the Customer Support load, with less than 1% of clients seeking assistance presently.” – Saulius Lazaravicius, VP of Product.
Hostinger boosts web hosting market share by 1.4%
By May 2024, Hostinger boasts a customer base exceeding 2.42 million across 150 nations, holding a global market share of 2.8%, marking a significant increase from 1.4% in May 2023 (sourced from w3techs.com). The most active user bases are located in India, Brazil, USA, Indonesia, and France, with the United Kingdom, Spain, Pakistan, Mexico, and Colombia also ranking among the top 10.
Over the past year, Shopify has experienced notable growth, surpassing Newfold Digital Group (BlueHost, Hostgator) to become the second-largest web hosting vendor by market share. Amazon retains the top spot with a 5.7% share, while Newfold Digital Group witnessed a 0.7% decline during the same period.
Hostinger’s expansion can be linked to their user-friendly approach in web hosting, catering to individuals seeking to establish their websites without being tied to a specific website builder like Wix or Squarespace. We position them at the pinnacle of our best web hosting recommendations due to their simplicity and highly value their VPS services for their cost-effectiveness.
