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Application Hosting Market Growth Analysis, Forecast by 2031
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The market is likely to be driven by the availability of complete hosting solutions with a variety of complementary services over the core offering, as well as the software-centered competitive advantage strategy.
Application hosting helps businesses to leverage applications that are hosted online. This service provides various benefits that include lower prices owing to the pay-as-you-go module, smooth and effortless feature updates, and the ability to link hosted apps with existing data and systems. These factors increase application hosting usage, which is projected to boost the growth of the application hosting market during the forecast period.
application hosting market size and forecast
Global Application Hosting Market: Key Drivers
Acceptance and deployment of mobile apps is predicted to increase at a rapid pace. The growing use of smartphones throughout the world has driven businesses to invest in mobile apps. Mobile applications are now one of the main components of growth strategy of enterprises. Furthermore, mobile applications in various industries, such as BFSI, healthcare, and e-commerce, help to drive the sales of products and also enhances customer services. These applications require maximum uptime and high security. Therefore, various industry verticals are investing heavily in application hosting services, which is significantly impacting the growth of the market.
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The BFSI vertical is expanding its service offerings such as online banking and mobile banking across numerous delivery channels, due to the increased adoption of omni- channel business models. Banks require 100% uptime as well as robust data security to guarantee that mobile and online apps run smoothly. Therefore, they are adopting hosting services to transfer their workload to the cloud environment, leading to rising demand for application hosting across the globe.
However, security and privacy concerns, and slow IT development in developing regions is the major restraint for the growth of the application hosting market.
Nevertheless, exponential growth in cloud computing, increased infrastructure development, and expanding acceptance of advanced technologies in the government sector, along with the increase in number of companies offering SaaS is expected to offer ample growth opportunities to the application hosting market in the coming years.
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North America to Account for Major Share of the Global Application Hosting Market
In terms of region, the global application hosting market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America is recognized as the most advanced region in terms of technology adoption and infrastructure. The presence of a large number of application hosting providers in this region is the primary driving factor for the growth of the application hosting market.
Asia Pacific is predicted to be the fastest growing market during the forecast period due to rising digitalization. In this region, businesses are rapidly integrating new digital technology into their operations. Furthermore, the application hosting market in APAC is expected to develop because of competitive pricing, a variety of delivery strategies, and a myriad of websites.
In recent days, governments in countries such as India, Japan, Singapore, and China have encouraged the deployment of digital technology. Governments of these countries are supporting the use of digital applications due to the massive benefits they offer. This is anticipated to drive the application hosting market in this region.
application hosting market region analysis
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Key players operating in the global application hosting market include:
Amazon Web Services, Inc.
IBM Corporation
Apprenda Inc.
Microsoft Corporation
Capgemini
Liquid Web
Alibaba Cloud
Navisite
Oracle Corporation
Rackspace Technology
Sungard AS
DigitalOcean
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About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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