It has been reported there are currently more than a staggering 50,000 web hosting providers all competing for the honour of hosting your website.

Every day dozens of new web hosting compaines are launching and struggling to get your attention and your web hosting business.

Even though the web hosting industry is really quite young, it is certainly one of the most competetive and cut-throat industries on the web today. Yet the growth of this marketplace is assured for the forseeable future.

Now each and every week it is estimated more than 50,000 websites are launched and need to be hosted somewhere online. This figure continues to grow and grow.

In fact the current monthly count for the number of searches at Yahoo for the term 'web hosting' is a whopping 2,149,851. That's right, over 2 million!

Also just recently it was reported that the popularity of blogs was seeing tens of thousands of new blogs launched each and every day. While many of these are hosted freely, the more serious bloggers each require an account with a reliable web hosting provider.

Of course every paid web hosting account usually requires at least one domain name registration. Here are some amazing domain name figures for you:

The registrar holding the largest number of domain names is said to be WildWestDomains. They may be better known to you as Godaddy. They currently hold over an estimated 5 million domain name registrations!

The registrar holding the second largest number of domain names is estimated to be Enom. The registrar holding the third largest number of domain names is estimated to be Networksolutions.

Domain Name Registration Growth:

By far the most popular top level domain is the .com There are currently over an estimated 40 million of these registered.

The .com top level domain currently holds over an estimated 70 percent of the domain name marketplace. The .net top level domain currently holds just over an estimated 10 percent of the domain name marketplace.

The good news for web hosting and domain name customers is that incredible deals have become available as competition increases among web hosting providers.

In fact the price of web hosting has plumeted to just under $10 per month for a quality service. Domain names that cost up to $35 just a fews years ago can now be bought for as little as $4.99.

This is a winning situation for both the web hosting providers and their customers. The quality of service continues to grow. The new web hosting providers must impress their customers to compete with more established organisations.

There has never been a better time to find a web hosting provider and establish an internet presence of your own.

About the author: Andrew James is the webmaster at http://hostingdiary.com providing daily web hosting news, reviews and special offers. Visit us today and subscribe to our RSS feed. This article may be distributed in full and must always include an active link to our site.