When it initially started, Website hosting was just related to big organizations and business houses that would avail these services. In fact only large businesses could afford them. But with time, as more and more Research and development of this branch took place, things got more and more convenient and less complex. The number of companies offering these services increased and that brought in competition in the market. There was a urge among these companies to satisfy and attract maximum customers and that was done by both good quality service and cheaper rates. Therefore increasing competition in the market made web hosting services cheaper and cheaper. As the complexity of these services decreased, it led to both supply and demand of these services.
Now, even small businesses and individuals were able to understand the technology and demanded web hosting services. With the increase in demand, more and more companies started providing these services as now even they understood the technology. So the competition was so immense now that some companies that were backed by advertisement even offered hosting services for free. Renting cyberspace and hosting one's own pages has also become a trend. hosting has now become a leading industry and is engaged in providing cheap services to its customers. And one important fact that has resulted due to cheap hosting services is immense growth of somewhat similar industries like online gaming and web-designing.