Application Hosting Market Size, Share & Trends Analysis Report, By Hosting Type (Managed Hosting, Cloud Hosting, Colocation Hosting), By Service Type (Application Monitoring, Application Programming Interface Management, Infrastructure Services, Database Administration, Backup And Recovery, Application Security), By Application (Mobile applications, Web-based applications), Organization Size (Large Enterprises, SMES), By Vertical (Banking, Financial Services, And Insurance, IT/ITES, Telecom, Media & Entertainment, Retail & E-Commerce, Healthcare & Life Sciences, Manufacturing, Energy & Utilities, Other Verticals and by region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America).
Application Hosting Market Overview
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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The COVID-19 pandemic was beneficial to the market's growth. The need for broadband connections increased as more businesses started operating remotely. The application of cutting-edge technologies in multiple industries, such as telemedicine, robots, augmented reality, and virtual reality, also had an impact on the market expansion. 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.
Delvens Industry Expert's Standpoint
Numerous service providers for these solutions are emerging as a result of the development and deployment of application hosting across numerous end-use industries, generating a profitable opportunity for the industry. Service providers are able to deliver services that meet clients' needs and stay within their budget, which is anticipated to boost market growth. Additionally, the market expansion is being fuelled by the increased popularity of server hosting among small business owners due to its affordability, less risk of data loss, and built-in upgraded software that boosts performance.
Key Findings
- Organizations now depend on mobile applications to increase revenue, improve customer experiences, and streamline operational procedures. Due to their affordability and low maintenance costs, cloud-based, enterprise-grade mobile applications are reportedly becoming more popular among SMEs. New technologies also improve user experience and page loading speed, such as Accelerated Mobile Pages (AMP). According to a survey done by Adobe, the growth of workplace mobile applications is driven by the demand for quick communication, an increasingly mobile workforce, and the desire to stay competitive in the market.
- Dedicated servers and the infrastructure they are connected to are leased to customers under the managed hosting business model. The infrastructure may be housed and operated at the facility of the hosting provider. Businesses that already have an infrastructure in place and a sizable legacy system choose managed hosting. These businesses use their infrastructure as a resource for managed service providers, who then supply the crucial hosting services to the businesses.
Application Hosting Market Regional Analysis
North America region 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. For key verticals including telecommunications, IT and ITeS, BFSI, and the government and public sector, North America is predicted to be the most promising market.
Application Hosting Market Competitive Landscape
- AWS
- IBM
- Rackspace
- Microsoft
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Application Hosting Market 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.
Reasons to Acquire in the Application Hosting Market
- Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
- Gain authentic and granular data access for Application Hosting Market so as to understand the trends and the factors involved in changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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