“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).
Application Hosting Market by Hosting Type (Managed, Cloud, and Colocation), Service Type, Application Type (Web-Based, Mobile), Organization Size, Vertical, and Region (Americas North, Europe, APAC, Latin America, MEA) – Global Forecast to 2027
The Application hosting market is expected 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, which is driven by the centered competitive advantage approach on software.
Download the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=83123677
Cloud hosting type is expected to register the fastest growth rate over the forecast period.
The cloud hosting model is rapidly changing in the application hosting market. Businesses, including large enterprises and SMBs, have embraced cloud hosting because it allows them to focus on their core competencies, instead of spending their capital on device-based infrastructure. By using cloud hosting services, businesses can avoid costs related to hardware, software, storage, and technical staff. Cloud hosting provides a centralized way to secure web and mobile applications in an organization, throughout the application development cycle. Enterprises support all types of cloud environments, including private, public, and hybrid, with simple, automatic deployment, discovery, and monitoring of cloud applications and services. There has been an upward trend in cloud application hosting.
The BFSI vertical is expected to account for the largest market share in 2022
The need to consolidate the cost of IT and infrastructure is pushing the BFSI vertical to host its applications on the cloud. Migrating applications to the cloud provides the banking industry with the agility and flexibility to deploy IT infrastructure and legacy systems cost-effectively. Additionally, application hosting services enable banks and financial institutions to transform their business processes and gradually expand into new industries and regions without spending a lot to establish a physical presence. Hosting services help create new markets and services for customers and gain competitive advantage in the market.
Request sample pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=83123677
The major vendors covered in the application hosting market are Amazon Web Services (AWS), IBM Corporation (IBM), Google, LLC. (Google), Rackspace Inc. (Rackspace), Microsoft Corporation (Microsoft), Liquid Web, LLC (Liquid Web), Sungard Availability Services (Sungard AS), DXC Technology Company (DXC), Apprenda Inc. (Apprenda), NaviSite, LLC (Navisite). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, collaborations, and new product launches, to expand their presence in the application hosting market.
Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, businesses, and governments. It is one of the leading cloud providers in the market. AWS is an online platform that provides cost-effective and scalable cloud computing solutions. Amazon offers services for cloud applications such as compute service, storage, database, developer tools, security tools, networking, and content delivery. The company caters to developers and businesses of all sizes, such as start-ups, government agencies, and academic institutions. It offers key infrastructure services to enterprises in the form of web services, known as cloud computing. The company offers solutions such as Amazon WorkSpaces that run on the AWS Cloud. It also provides the AWS Managed Services (AMS) service.
IBM is an American multinational technology company that manufactures and sells computer hardware and software and provides infrastructure services, consulting services and hosting services in fields ranging from mainframe computers to nanotechnology. Financing services in support of its IT business are also provided by the company. The company operates in more than 150 countries. IBM offers a variety of services, including infrastructure services, outsourcing, application management services, global process services (GPS), maintenance and support, consulting, and other managed services. It offers managed services such as enterprise application services, managed mobility services, workplace services, backup and restore services, network services, security services and storage services . IBM has also extended its managed cloud services through various offerings such as infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS). IBM caters to various verticals, including automotive, telecommunications, financial services, healthcare, aerospace and defense, insurance, life sciences and retail. Additionally, it offers Desktop-as-a-Service (DaaS) solutions that enable organizations to provide their users with convenient and consistent access to applications and data across devices.
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact person: Mr. Aashish Mehra
E-mail: Send an email
Address:630 Dundee Road, Suite 430
State: IT 60062
Country: United States