PUNE, India, March 13, 2018 /PRNewswire/ --
According to a new market research report "Application
Hosting Market by Hosting Type (Managed, Cloud, &
Colocation), Service Type (API Management, Database Administration,
Backup & Recovery, Application Security), Application Type,
Organization Size, Vertical, and Region - Global Forecast to
2022", published by MarketsandMarkets™, the global Application
Hosting Market size is estimated to be valued at USD 40.81 Billion in 2017 and is projected to
reach USD 72.50 Billion by 2022, at a
Compound Annual Growth Rate (CAGR) of 12.2% during the forecast
period.
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Browse 66 Tables and 37 Figures spread through 126 Pages and
in-depth TOC on "Application Hosting
Market"
https://www.marketsandmarkets.com/Market-Reports/application-hosting-market-83123677.html
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report
The major factors expected to drive the growth of the
Application Hosting Market include the availability of
comprehensive hosting solutions with an array of complementing
services over the core offering, and the software-centered
competitive advantage approach.
The web-based application type is estimated to hold the
larger market share in 2017.
The web-based application type is expected to have the larger
market share in the Application Hosting Market, due to the presence
of a large number of enterprise web applications, which are
deployed globally. Web-based applications are cost-effective in
comparison to mobile-based applications and help organizations
achieve their business objectives. Web-based applications are still
the preference of SMEs for sharing information and providing
services to their clients.
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The retail and eCommerce vertical is expected to grow at the
fastest rate during the forecast period.
The retail and eCommerce vertical is expected to register the
highest CAGR during the forecast period. Enterprises in this
vertical are adopting the mobile-first approach and are continuous
incorporating various technologies to enhance the customer
experience. Latency, scalability, and maximum uptime are the major
concerns for enterprises in this vertical. Furthermore, they have
to follow various regulations, as their applications comprise user
and financial data of significance. Therefore, enterprises in this
vertical are investing wisely to fulfill their business
objectives.
The large enterprises segment is expected to have the larger
market share during the forecast period.
The large enterprises segment is expected to have the larger
market size during the forecast period. Large enterprises are
highly focused on data security and data security compliances; they
are investing heavily in securing the external hosting
infrastructure and associated services. They are also deploying
various customer-centric and business-centric applications to gain
a competitive advantage over their competitors.
North America is expected to
have the largest market share during the forecast
period.
North America is expected to
hold the largest market share during the forecast period, due to
the high concentration of application hosting providers in this
region. Furthermore, the adoption of cloud hosting among companies
in North America is high. Startups
and large enterprises are preferably hosting their applications on
the cloud. Furthermore, this region has a large number of
colocation data centers that are supporting the growth of the
Application Hosting Market in this region.
The major vendors covered in the Application Hosting
Market include AWS (US), IBM
(US), Rackspace (US), Google (US), Liquid Web (US), Microsoft (US),
Sungard AS (US), DXC (US), Apprenda (US), and Navisite (US).
Know more about the Application Hosting
Market
https://www.marketsandmarkets.com/Market-Reports/application-hosting-market-83123677.html
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