Market Research Future (MRFR), in its “application hosting market” report, states that the global market of application hosting market is expected to strike a CAGR of 13.4% over the forecast period and reach a valuation of about USD 82 billion by the end of the assessment period. The rapid proliferation of the e-commerce sector is observed to be a major factor that is expected to propel the growth of the global application hosting market.
The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
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The worldwide market of application hosting market is segmented by service type, hosting type, organization size, application type, and vertical.
The hosting type-based segments of the market are colocation hosting, managed hosting, and cloud hosting. The service-type-based segments of the market are application security, application monitoring, database administration, backup and recovery, and others. The application based market segments are mobile application and web application. The mobile application is being contributing largely to the market expansion in the coming years. The organization size-based market segments are small and medium enterprises and large enterprise. The industrial vertical-based market segments are IT & telecommunication, BFSI, retail & e-commerce, media & entertainment, manufacturing, healthcare, and others
MRFR listed major player of Application Hosting Market Covid 19. They are; IBM Corporation (US), Amazon Web Services, Google LLC (US), Spectrum Enterprise (US), Rackspace (US), Microsoft Corporation (US), LiquidWeb (US), DXC technology (US), Sungard AS (US), and Apprenda (US). Market players are making effort to diversify their product portfolio via strategic mergers, partnership, new launches, and others are expected to benefit the expansion of the global application hosting market.
Europe, Asia Pacific, North America, and the Rest of the World are regions across which the application hosting market is studied. In North America, the application hosting market is expected thrive at a high CAGR. The US is expected to lead in the regional application hosting market growth. The presence of considerable number of application hosting solution providers in North America is anticipated to spur the regional market growth. In Asia Pacific, the application hosting market is expected to expand at a rapid pace. In China, South Korea, Japan, and other countries of the APAC regions, the fast proliferation of e-commerce sector is expected to surge the regional market in the years to come. In addition, the use of cloud infrastructure to outsource managed services and the hike in investment made by key players to expand product portfolio are likely to surge the APAC market.
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