In 90s only the rich people can afford web hosting services. Most of the time, it was related only to large business organizations and those few people who could shell out a lot of money for such services but now it has changed.
When the world found out that this was the best way to access fast and cheap communication, everyone flocked to the internet. And for the internet the World Wide Web was needed, and for this web hosting was needed. Each company saw the potential of making so much money, they began offering their services at very competitive rates.
Earlier only large companies used server spaces but now small companies and individuals too began operating, because by then they all began to understand the technology behind it. The competition was such that some companies even offered web hosting services for free, and they were backed by advertising.
Each day, the field was explored to make things less complex. Right from server space to data base management, there has been evolution. As the potential grew each day, more companies sprouted that offered web hosting services. Now it was all about who offered the best as well as cheap rates. And thus, the competition started.