Press release
Hosted Application Management Services Market: Competitive Landscape and Key Players - Accenture PLC, Cognizant Technology Solutions Corp, HP, IBM Corporation, TCS
A hosted application is an online application which can be accessed through the internet. Its application software resides on servers. A hosted application is also known as web-based application or internet-based application. Hosted applications are one of the forerunner service models of cloud services. Hosted applications are one of the pioneer service models of various cloud services. End-users, through their web browsers, get the application functionality experience similar to a desktop application within a hosted application. Hosted applications are easily deployable, as they don’t require any upfront installation and integration requirements. Various services available as a part of hosting packages include load balancing and disaster recovery. Security processes are also included as a part of hosting packages, which include intrusion detection, distributed denial of service (DDoS) mitigation and prevention, and vulnerability scans. A hosted service provider oversees and owns infrastructure, administrative, and software tasks and makes the system available to customers. Currently, businesses are outsourcing these cloud hosting services for end-to-end solutions, which have become an essential part of business operations. In a hosted application, there is no need to worry about patch releases, software upgrades, etc. The responsibility is assumed to be on the service provider side in a hosted model arrangement. Currently, integration of application is trending globally, as people are preferring integrated application due to improved functionality. End-users are expected to focus on cutting costs, as in-house management of ERP applications proves to be expensive.
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Cloud-hosted applications have numerous benefits such as ease of use, ease of access, reduced physical clutter, cost savings, and reliability, which are driving the hosted application management (HAM) services market. These applications pose a low risk of local system corruption, as they are accessible through a web browser, which in turn is also driving the hosted application management services market. However, as a cloud host essentially gets access to data within businesses, companies may not be able to offer support immediately when businesses need to contact the company if an issue crops up. Hence, the businesses incur less control over their business operations. This factor is hampering the hosted application management services market. Businesses can seamlessly downscale or upscale their cloud resources due to hosted application management services. This is expected to create growth opportunities for the hosted application management services market. Moreover, application management outsourcing is estimated to increase due to greater agility, cost savings, improved system performance, and reduced risks.
The global hosted application management services market is segmented based on service model, scope of web hosting services, and region. In terms of service model, the market can be segmented into software as a service (SaaS), platform as a service (PaaS) and infrastructure as a service (IaaS) model. In terms of scope of web hosting services, the market is classified into smaller hosting services (web page & small scale web hosting) and larger hosting services (Large organizations need to be permanently connected to the web). In terms of geography, the market is segmented into North America, Asia Pacific, Middle East & Africa (MEA), South America, and Europe. The market in North America is expected to show sustainable growth in hosted application management services market in the near future due to the increasing adoption of cloud services and the presence of a large number of software companies in the region.
Industry participants leading the hosted application management services market with the significant developments are Accenture PLC, Cognizant Technology Solutions Corp, HP Inc., IBM Corporation, Tata Consultancy Services Limited, Cap Gemini S.A., Deloitte Touche Tohmatsu India LLP., Infosys Limited, Atos Corporation, and Bourntec Solutions Pvt Ltd.
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MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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