The application hosting market is gaining traction as the need for continuous availability of software to end-user is going sky high. It has become imperative for industries across all verticals to maintain real-time connectivity to run on-premise applications. In exchange for monthly subscriptions, companies can employ the system to maintain smooth operation. The global application hosting market is at present eyeing for an excellent USD 82.17 billion valuation by 2023 which in due course it can surpass with an impressive 13.4% CAGR during the forecast period (2018-2023). The report published by Market Research Future (MRFR) provides an outline that includes detailed work on segments and growth factors that can significantly impact the market in the foreseeable future.
Application hosting has multifarious roles, among them, run application monitoring, managed backup and security services are pivotal conditions that help the application hosting market’s foray in diverse sectors. It enables running of critical solutions via a customized set of tools that could identify threats and fix them in time. At the same time, it backs up solutions to safeguard data which is a much-needed feature for various industries. It also enhances availability, dependability, security, scalability, and compliance which squarely influences the need for hosting solutions and provides traction to the application hosting market.
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However, it operates mainly through third-party vendors who are often unable to provide immediate backup during downtime which can limit its functional capacity. This drawback can restrain the application hosting market having a free run during the forecast period.
The application hosting market can be segmented by hosting type, service type, application type, organization size, and vertical.
By hosting type, the application hosting market is sub-segmented into managed hosting, colocation hosting, and cloud hosting.
Based on service type, the application hosting market comprises monitoring, application security, backup and recovery, database administration, and others.
Based on application type, the application hosting market includes web application and mobile application.
On the basis of organization size, the application hosting market is segmented into large enterprise and small & medium enterprises (SMEs).
Depending on industrial vertical, Web App Hosting Market is segmented into banking, financial services and insurance (BFSI), IT & telecommunication, media & entertainment, retail & e-commerce, healthcare, manufacturing, and others.
Geographically, the application hosting market spans across regions namely North America, Asia Pacific (APAC), Europe, and the Rest-of-the-World (RoW).
North America is presumed to have significant growth in the application hosting market. The US is a leading country in the market owing to the presence of large number of solution providers in the region. The region can quite easily boast off superior infrastructure, and it has an effective model to integrate the system into industries quite easily which gives the region an edge over the rest.
On the other hand, the APAC regional market is expected to have significant growth in the market. China, Japan, South Korea, and India are performing extraordinarily to take the region forward. E-commerce websites such as Amazon, Flipkart, and others are impacting the market considerably. In addition, the region can witness a surge in investment from both private and government factions to boost cloud infrastructure to outsource managed services.
Some of the prominent players of application hosting market include Amazon Web Services (US), IBM Corporation (US), Rackspace (US), Google LLC (US), Liquid Web (US) Microsoft Corporation (US), Sungard AS (US), DXC technology (US), Spectrum Enterprise (US), Apprenda (US), and others.
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