Application Hosting Market 2020: Industry Trends, Opportunity Analysis, And Regional Forecast To 2023
Overview:
The requirement for cloud-based on-demand software is likely to reinforce the application hosting market 2020 positively. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. A revenue level of USD 82.17 billion is forecasted to be achieved with a CAGR of 13.4% in the forecast period.
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The expansion of application hosting solutions is expected to influence the application further hosting market in the forecast period. Also, the need to safeguard data is anticipated to create positive traction for the growth of the application hosting market. The need for broad hosting solutions is predicted to further back the development of the application hosting market.
Segmentation:
The segmentation insight into the application hosting market is segmented on the basis of hosting type, organization size, service type, region, application type, and vertical. Based on the hosting types, the application hosting market is segmented into colocation hosting, managed hosting, and cloud hosting. The segmentation of the application hosting market on service-type consists of application security, backup and recovery, application monitoring, database administration, and others. The application type based segmentation of the application hosting market includes mobile application and web application. On the basis of organization sizes, the application hosting market is segmented into small and medium enterprises & large enterprises. On the basis of industrial vertical, the application hosting market is segmented into IT & telecommunication, BFSI, retail & e-commerce, healthcare, manufacturing, media & entertainment, and others. Based on the regions, the application hosting market is segmented into Asia Pacific, Europe, North America, and the rest of the regions in the world.
Regional Analysis:
The regional assessment of the application hosting market is segmented into regions such as Asia Pacific, Europe, North America, and the rest of the regions in the world. The North American region is recognized to have seen remarkable growth in the application hosting market. The US is the most critical country in the regional market due to the incidence of a huge number of solution suppliers in the region. Additionally, the Asia Pacific is anticipated to have vital growth in the application hosting market. The leading countries in the region are Japan, China, South Korea, and India. The application hosting market development is accredited to the progressing adoption of e-commerce websites such as Flipkart, Amazon, and others. Moreover, the APAC region is also likely to observe amplified investment to improve cloud infrastructure to enable the outsourcing of managed services.
Key Players:
The stability of the economic state is expected to further lend to the favorable development in the global market strength. The scope of development of the market shows a high growth potential that the market can achieve in the coming years. The strategic allocation and positioning of assets are expected to aid each competitor in the mart with their growth goals. The inducement of definite regulations introduced by the governments of several countries is estimated to enhance the profits that can be gained by the market. The availability of suitable means to build robust distribution channels is estimated to characterize the future expansion of the market in the forecast period. The improvement in research and development facilities and equipment is further projected to influence the growth of the market in the forecast period. The need to prepare for contingencies such as natural disasters, pandemics, and international trade wars is expected to allow the market a better capability to deal with the challenges.
The eminent contenders in the application hosting market are Spectrum Enterprise (US), IBM Corporation (US), Rackspace (US), Google LLC (US), Amazon Web Services (US), Microsoft Corporation (US), LiquidWeb (US), Sungard AS (US), DXC Technology (US), and Apprenda (US).
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