Global Application Hosting Market size is projected to grow from USD 66.9 billion in 2022 to USD 121.7 billion by 2030, at a CAGR of 12.9%
Profit from the expansion of application hosting usage across numerous industries. The creation of application hosting solutions enables connectivity to hosted apps that connect to existing data, easy and seamless feature updates, and module-based billing. In addition, there is a higher demand for these services globally due to their ease of installation, which is anticipated to fuel market growth.
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Additionally, the majority of firms turned to e-commerce and built virtual purchasing experiences for the consumer to have a bigger presence throughout the pandemic, which benefited the sector.
Recent Developments
- IBM purchased Neudesic, a top Microsoft Azure consulting firm, in February 2022 with the intention of growing its offering of hybrid multicloud services and influencing the company's hybrid cloud and AI strategy.
- With a new multi-year cooperative investment to promote customer value and innovation, Rackspace extended its Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) in February 2022.
Prominent Players
· AWS
· IBM
· Rackspace
· Microsoft
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North America to Dominate the Market
- Due to the widespread acceptance of technology by people and the presence of major market players in the area, North America is anticipated to hold the highest share of the application hosting market during the forecast period.
- The main driving forces behind the use of application hosting service offerings in North America are the organisations' shift toward the adoption of innovative technologies and the growing acceptance of digital business strategies. The market in North America is also anticipated to be driven by the rising budgets allocated by businesses for application hosting.
Application Hosting Market Segmentation:
On the basis of Hosting Type
· Managed Hosting
· Cloud Hosting
On the basis of the Service Type
· Application Monitoring
· Application Programming Interface Management
· Infrastructure Services
· Database Administration
On the basis of the Application
· Mobile applications
· Web-based applications
On the basis of the Organization Size
· Large Enterprises
· SMES
On the basis of the Vertical
· Banking, Financial Services, And Insurance
· IT/ITES
· Telecom
· Media & Entertainment
· Retail & E-Commerce
· Healthcare & Life Sciences
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Frequently Asked Questions
· What are the years considered to study Application Hosting Market?
· What is the compound annual growth rate (CAGR) of the Application Hosting Market?
· Which region holds the largest market share in Application Hosting Market?
· Who are the major players in Application Hosting Market?
In addition to the market data for Application Hosting Market, Delvens offers a client-centric report and customized according to the company’s specific demand and requirement.
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