According to a research report “Application Hosting Market by Hosting Type (Managed, Cloud, & Colocation), Service Type, Application Type (Web-based, Mobile), Organization Size, Vertical, and Region (North America, Europe, APAC, Latin America, MEA) – Global Forecast to 2027″ published by MarketsandMarkets, the application hosting market is projected to grow from USD 66.9 billion in 2022 to USD 121.7 billion by 2027, at a CAGR of 12.7% during the forecast period. Application hosting vendors provide many auxiliary solutions and services above the core offering that help companies address specific use cases, central to their businesses driving the adoption of application hosting solutions and services.
Browse and in-depth TOC on “Application Hosting Market”
209 – Tables
44 – Figures
224 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=83123677
Cloud hosting type is expected to register the fastest growth rate during the forecast period.
The cloud hosting model is evolving rapidly in the application hosting market. Enterprises including large enterprises and SMEs have adopted cloud hosting, as it enables them to focus on their core competencies, instead of spending their capital on appliance-based infrastructure. Using cloud hosting services, enterprises can avoid costs pertaining to hardware, software, storage, and technical staff. Cloud hosting offers a centralized way to secure web and mobile applications across an organization, throughout the application development lifecycle. Enterprises support all types of cloud environments, including private, public, and hybrid, with easy and automatic deployment, detection, and monitoring of cloud applications and services. There has been an upward trend in the hosting of cloud applications.
BFSI vertical estimated to account for the largest market share in 2022
The need to consolidate the cost of IT and infrastructure is driving the BFSI vertical to host its applications on the cloud. Migrating applications to the cloud provides the banking industry with agility and flexibility to deploy IT infrastructure and legacy systems in a cost-effective manner. Additionally, application hosting services enable banks and financial institutions to transform their commercial processes and grow gradually in new sectors and regions without spending heavily to establish a physical presence. Hosting services help in creating new markets and services for customers, and in gaining a competitive edge in the market.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=83123677
Asia Pacific likely to emerge as fastest-growing market during the forecast period.
Asia Pacific is projected to be the fastest-growing market for application hosting solutions due to the increase in the adoption of new technologies, rising investments in digital transformation, and growing GDP in Asia Pacific countries. The competition in this region is fragmented, and application hosting solution providers are looking at expanding the base of their operations to most countries in the region. In a bid to drive better migration and adoption of the cloud environment, governments are significantly contributing toward the deployment of cloud services. Asia Pacific constitutes major countries, including China, India, Japan, and the rest of Asia Pacific, which are increasingly contributing toward the development of mobile and web-based application hosting in the market.
The major vendors covered in the application hosting market include AWS (US), IBM (US), Google (US), Rackspace (US), Microsoft (US), Liquid Web (US), Sungard AS (US), DXC Technology (Ireland), Apprenda (US), Navisite (US), Spectrum Enterprise (US), Capgemini (France), DigitalOcean (US), Oracle (US), NEC Corporation (Japan), Bluehost (US), HostGator (US), Netmagic Solutions (India), GreenGeeks (US), Cloudways (Malta), Hostwinds (US), Serverspace (Netherlands), Hostarium (UK), Appfleet (Poland), and BoltFlare (UK).
Browse Adjacent Markets: Cloud Computing Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Email: [email protected]
MnM Blog: https://mnmblog.org/
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/application-hosting.asp
Mr. Aashish Mehra MarketsandMarkets INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441
Reportedtimes, Financial Content, iCN Internal Distribution, Extended Distribution, Research Newswire, English