Application Hosting Market Analysis
The global application hosting market is predicted to touch USD 82.17 billion at a 13.4% CAGR between 2020- 2027, states the recent Market Research Future (MRFR) analysis. Application hosting, simply put, is a computing and operating platform which allows continuous accessibility of software to the end user over the internet. In fact in other words, it is a form of software as a service solution which allows individuals in performing and operating a software application entirely from the cloud on a recurring subscription.
Various factors are fuelling the application hosting industry share. As per the recent MRFR market estimates, such factors include the fast growing mobile-based application services, growing number of smartphones across the world, constant expansion of cloud computing and data centers, rising penetration of IoT that has compelled different industries to invest in mobile application worldwide, and adoption of mobile application hosting in different verticals such as e-commerce, healthcare, and banking to increase the sales of products and also improve the level of customer services.
On the contrary, privacy and security concerns, limited bandwidth, lack of control over applications, lack of sufficient regional IT infrastructure among under-developed and developing regions, and the impact of the COVID-19 pandemic may limit the global application hosting market growth over the forecast period.
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Application Hosting Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global application hosting market based on vertical, organization size, application type, service type, and hosting type.
By hosting type, the global application hosting market is segmented into cloud hosting, colocation hosting, and managed hosting.
By service type, the global application hosting market is segmented into database administration, backup and recovery, application security, application monitoring, and others.
By application, the global application hosting market is segmented into mobile application and web application. Of these, the mobile application segment will lead the market over the forecast period.
By organization size, the global application hosting market is segmented into small and medium enterprises and large enterprise. Of these, the large enterprise segment will dominate the market over the forecast period.
By vertical, the global application hosting market is segmented into manufacturing, healthcare, retail and ecommerce, media and entertainment, IT and telecommunication, BFSI, and others. Of these, BFSI will spearhead the market over the forecast period.
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Application Hosting Market Regional Analysis
By region, the global application hosting market covers the recent trends and growth opportunity across North America, Europe, the Asia Pacific (APAC), and Rest of the World (RoW). Of these, North America will lead the market over the forecast period. The presence of huge number of solution providers in the US, incorporation of various technologies to improve customer experience, high concentration of application hosting providers, and a large number of collocation data centers are adding to the global application hosting market growth in the region.
In the APAC region, the global application hosting market is predicted to have promising growth over the forecast period. Surging adoption of e-commerce websites like Flipkart and Amazon, and others, increased investment to boost cloud infrastructure for outsourcing managed services, rapid adoption of new digital technologies in the business ecosystem, and competitive pricing with a list of delivery models and myriad websites are adding to the global application hosting market growth in the region.
Application Hosting Market Key Players
The leading players profiled in the global application hosting market report include –
- Apprenda (US)
- Spectrum Enterprise (US)
- DXC Technology (US)
- Sungard AS (US)
- Microsoft Corporation (US)
- LiquidWeb (US)
- Google LLC (US)
- Rackspace (US)
- IBM Corporation (US)
- Amazon Web Services (US)
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The global application hosting market is fragmented and also competitive with the presence of many domestic as well as international industry players. They have incorporated assorted strategies to stay at the forefront and also cater to the surging needs of the customers, including collaborations, partnerships, contracts, geographic expansions, new product launches, joint ventures, and more. Additionally, these players are also making heavy investments in research and development activities for strengthening their portfolios and also creating a hold in the market.
Key Points Covered in the Application Hosting Industry Report:
- The global Application Hosting industry research examines all the leading players in the Application Hosting market and ranks them based on their corporate strengths and product offerings in today’s competitive marketplace.
- Economic, social, political, legal, and technological factors on customer growth, as well as emergent Application Hosting market trends, were investigated in the report.
- Company profiles, capability, growth, global spend; share, requirements, product price image, and contact information for key global industry players in the global Application Hosting market are also covered in the research study.
- The study contains information on the strategic partnerships and tactics used by competitors in the target Application Hosting market.
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