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Article: European managed web hosting market to hit $1bn mark by 2005.
- Article from:
- M2 Presswire
- Article date:
- April 23, 2003
CopyrightCOPYRIGHT 2003 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-23 April 2003-FROST & SULLIVAN: European managed web hosting market to hit $1bn mark by 2005(C)1994-2003 M2 COMMUNICATIONS LTD
RDATE:04242003
Predictions abounded a few years ago that the European managed web hosting services market was poised to amass sales worth tens of billions of dollars by 2005. In the short space of two years, revenue projections for the market have plummeted to hundreds of millions.
According to a new study by Frost & Sullivan, the continuing economic weakness and associated wariness about corporate spending on web hosting services gives no grounds to expect any immediate revival in demand.
The ...