Application hosting is a cloud-based method to make software available to the end-user all the time. The technology is gaining grounds owing to its ability to perform jobs from the cloud. The global application hosting market is all set to gain 13.4% CAGR during the forecast period (2018-2023) and exceed a worth of USD 82.17 billion. Market Research Future (MRFR) in their report integrated several factors as the possible gamechanger.
E-commerce segment and other platforms that thrive on customer satisfaction can boost the application hosting market in the coming years. Its features like availability, dependability, security, scalability, and compliance are making it easy for the application hosting market to percolate. Increased percolation across myriad industries to ensure better progress for the application hosting market. However, third-party cloud hosting can delay the response time which can restrain the expected growth rate.
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MRFR, in a bid to understand the premise of the application hosting market well, segmented it on the basis of hosting type, service type, application type, organization size, and vertical. This segmentation is backed by data provided by leading experts for a thorough understanding of the upcoming years and changing market scenario.
Based on the hosting type, the application hosting market includes colocation hosting, managed hosting, and cloud hosting. The cloud hosting segment is to gain grounds as it is cost-effective and backed amply by latest technological advancements.
Based on the service-type, the application hosting market incorporates application security, application monitoring, backup & recovery, database administration, and others.
Based on the application type, the application hosting market comprises web application and mobile application. The mobile application segment is advancing remarkably owing to the constant integration of top-end models and introduction of new apps.
Based on the organization size, the application hosting market encompasses large enterprise and small and medium enterprises (SMEs). Mostly, large enterprises incorporate this system. However, SMEs are also developing their workflow by including this mode.
Based on the industrial vertical, Application Hosting Market Share incorporates media & entertainment, BFSI, IT & telecommunication, healthcare, retail & e-commerce, manufacturing, and others. The IT & telecommunication segment is expected to enjoy the most as many of the innovations are happening with this segment as the main focus.
MRFR in its latest report included regions like North America, Asia Pacific (APAC), Europe, and the Rest-of-the-World (RoW) for a region-specific analysis. This analysis aims at revealing the growth pockets for maximization of endeavors in the coming years.
North America has this robust infrastructure to support technological integration and high investment from companies are allowing the inclusion of these latest technologies considerably. The region has the U.S. in the lead and the country is known for its technical prowess which it has achieved by continuously promoting their research and development sector.
The APAC market is all set to go ahead with significant revenues and its growth can be the fastest during the forecast period. China, Japan, South Korea, and India are making significant contributions and it is primarily because of the inclusion of e-commerce sites like such as Amazon, Flipkart, and others. Investment is also growing quite remarkably and it is providing the market with ample growth opportunity.
Companies impacting the global application hosting market are doing it by implementing strategic decisions to ensure better market prospects. These moves often include merger, acquisition, product launch, innovation, and others. MRFR, while analyzing the market in their latest report, incorporated several companies and profiled them for a better understanding of the current trends. These companies are IBM Corporation (US), Amazon Web Services (US), Google LLC (US), Rackspace (US), Microsoft Corporation (US), Spectrum Enterprise (US), LiquidWeb (US), DXC technology (US), Sungard AS (US), and Apprenda (US)
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