The report of Global Application Hosting Market by Service Type (Backup & Recovery, Application Security, Application Monitoring, Infrastructure Services, Database Administration, Application Programming Interface Management), Hosting Type (Cloud hosting, Managed hosting, Colocation hosting, Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS)), Deployment (Cloud, On-Premises), Enterprise Size (Large Enterprises , Small & Medium Enterprises (SMEs)), Application (Web-based Applications , Mobile-based Applications), Vertical (Banking, Financial Services, and Insurance, Telecommunications and IT, Retail and Ecommerce, Healthcare, Manufacturing, Others) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Bn by 2027, at a CAGR of 14.2 % during a forecast period.
The major factors likely to fuel the growth of the market for application hosting include the availability of comprehensive hosting solutions with an array of complementing services over the core proposing and the software-cantered competitive benefit approach. On the other hand, regional IT developments posing an infrastructural challenge for implementing the hosting technology may limit the market growth in future.
BFSI segment expected to grow at the highest XX% CAGR during the forecast period.
BFSI is expected to continue to hold the largest XX% share in the application hosting market owing to the adoption of Omni channel business models. Also, enterprises in the BFSI vertical are expanding their service offerings across many delivery channels, like internet banking and mobile banking. To confirm the seamless functioning of the web and mobile applications, banks need 100% uptime along with high data security.
North America region is expected to account for the largest XX% market share by 2027.
North America is expected to lead the overall application hosting market as they keep on incorporating many technologies to enhance their customer experience. Because of the high concentration of application hosting providers in North America, it is expected to gain significant market share over 2020-2027. A large number of collocation data centers also support the growth in America.
Key players operating in the Global Application Hosting Market are AWS, IBM, Rackspace, Google, Liquid Web, Microsoft, Sungard as, DXC, Navisite, Apprenda
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Application Hosting Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Application Hosting Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Application Hosting Market positioning of competitors.
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