Application Hosting Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024
Sarasota, FL -- (SBWire) -- 06/14/2018 --Global Application Hosting Market: Overview
Application hosting is software as a service (SaaS) solution, which permits the users to execute and operate a software application completely from the cloud on a recurring subscription. SaaS is when the software is licensed on a subscription basis and is hosted. Application hosting is providing technology services to a company by a provider who will host the physical servers running that service elsewhere. Access to that service is enabled through a direct connection.
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Global Application Hosting Market: Growth Factors
The major factor propelling the growth of application hosting market is the accessibility of comprehensive hosting solutions with an assemblage of complementing services over the core offering and the software-centered competitive advantage approach. The reduced cost and maximum uptime offered to an enterprise may also escalate the growth of application hosting market. Fast growing mobile-based application services and the growing number of smartphones across the globe has urged companies to invest in mobile applications. These mobile applications require high security and maximum uptime so organizations are investing heavily in application hosting services. Large enterprises are heavily investing in securing the external hosting infrastructure. Emerging use of mobile application services and escalating awareness about the profuse technological advancements is also driving the growth of the application hosting market across the globe.
Global Application Hosting Market: Segmentation
The global application hosting market is differentiated into mobile-based applications and web-based application on the basis of application type whereas, on basis of service type, the application hosting market is segmented into application programming interface management, infrastructure services, application monitoring, backup and recovery, database administration and application security. On basis of hosting type, the application hosting market is divided into Infrastructure-as-a-Service (IaaS), Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Managed hosting, Cloud hosting, Colocation hosting. In terms of vertical, the market is fragmented into, Media and Entertainment, Energy and utilities, Banking, Financial Services, and Insurance (BFSI), Telecommunications and IT, Retail and E-commerce, Manufacturing, Healthcare and Others (government, travel and hospitality, education, and transportation and logistics). On basis of organization size, the application hosting market is classified into Small and Medium-sized Enterprises (SMEs) and Large Enterprises. By region, the market is divided into North America, Europe, APAC, the Middle East and Africa, and Latin America.
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Global Application Hosting Market: Regional Analysis
North America is projected to lead the global application hosting market as they keep on incorporating various technologies to enhance their customer experience. Due to the high concentration of application hosting providers in this region, it is expected to gain significant market share during the forecast period. A large number of collocation data centers also supports the growth in this region. Asia-Pacific application hosting market is expected to grow at a faster pace during the forecast period.
Global Application Hosting Market: Competitive Players
Some of the vital market players in application hosting market are, IBM(US), Rackspace(US), AWS(US), Microsoft(US), Google(US), Sungard AS(US), NaviSite(US), Liquid Web(US), among others.
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