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.
Cloud-based application hosting services offer greater accessibility to run business applications compatible with all devices, web browsers, and operating systems. However, based on the hosting type, the application hosting is categorized into cloud-based, managed, and colocation. The colocation hosting and managed hosting offer significant benefits to the enterprise that requires high-quality internet connectivity. It offers high security and scalability to run its business applications.
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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The application hosting market is differentiated by hosting type, service type, application type, organization size, and vertical.
By hosting type, the application hosting market is sub-segmented as managed hosting, colocation hosting, and cloud hosting. The service-type is categorized into application monitoring, application security, backup and recovery, database administration, and others. The application type includes web application and mobile application. Furthermore, based on the organization size, the market is segmented into large enterprise and small and medium enterprises. Lastly, depending on industrial vertical, the market is categorized into BFSI, IT & telecommunication, media & entertainment, retail & e-commerce, healthcare, manufacturing, and others
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).
In May 2019, Microsoft and Oracle decided to launch a cross-cloud support to ensure better functional scopes for larger organizations. Their collaboration dates back to 2013 when they formed alliance on Oracle’s Java. The latest announcement would ensure a liaison between Connect Azure and Oracle Cloud which will allow customers access on-premises datacenters of both clouds.
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LIST OF FIGURES
FIGURE 1 Global Application Hosting Software Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Application Hosting Market
FIGURE 4 Value Chain Of Global Application Hosting Market
FIGURE 5 Share Of Global Application Hosting Market In 2018, By Country (In %)
FIGURE 6 Global Application Hosting Software Market, 2018-2023,
FIGURE 7 Sub Segments Of Type
FIGURE 8 Global Application Hosting Software Market Size By Application Type, 2018
FIGURE 8 Share Of Global Application Hosting Software Market By Application Type, 2018 TO 2023
FIGURE 9 Global Application Hosting Software Market Size By Vertical, 2018
FIGURE 10 Share Of Global Application Hosting Software Market By Vertical, 2018 TO 2023
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