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The global application hosting market size reached approximately USD 79.16 billion in 2023. The market is further projected to grow at a CAGR of 12.60% between 2024 and 2032, reaching a value of USD 230.32 billion by 2032.
Application hosting is a type of software service which permits the users to store, host, execute, and operate a software application completely from the cloud. The hosted applications provide the same functionality that of locally installed software but differs by easy updates provided in hosted applications.
Based on hosting type, the market is divided into cloud hosting, managed hosting, and colocation hosting. By service type, the market is segregated into application programming interface management, application monitoring, infrastructure services, database administration, backup and recovery, and application security. On the basis of application, the market is bifurcated into mobile-based applications and web-based applications.
Based on industry vertical, the market is categorised into banking, financial and insurance, energy and utilities, healthcare, manufacturing, media and entertainment, retail and ecommerce, and telecommunication and IT, among others. By region, the application hosting market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Mobile-based applications are expected to account for a significant application hosting market share as they help various organisations to drive their sales, streamline business processes, and enhance customer experience. The demand for cloud based mobile applications is increasing from small and medium sized enterprises owing to the cost-effectiveness and low maintenance charges associated with these applications. Moreover, the development of new technologies such as accelerated mobile pages is further improving the page loading speed resulting in an improved user experience.
North America is anticipated to hold a significant share of the market over the forecast period. This growth can be attributed to the strong presence of major market players and rapid adoption of advanced technologies in the region. Several organisations are increasingly adopting new digital business strategies including application hosting services to enhance their business growth. Furthermore, the high budget allocation for application hosting by the organisations is yet another major factor aiding the application hosting market growth in North America.
Amazon Web Service Inc. was founded in 2006 and is headquartered in Washington, United States. The IT service management company provides on-demand cloud computing platforms and API to various companies, individuals, and governments.
Microsoft Corporation was founded in 1975 and is headquartered in Washington, United States. The company is known for providing best software products such as Microsoft office suite and internet explorer, among others.
Alphabet Inc. (Google LLC) was established in 2015 and has its headquarters located in California, United States. The technology holding company provides its consumers with artificial intelligence, robotics, and cloud computing services, among others.
Other application hosting market players include IBM Corporation (IBM), DXC Technology, Liquid Web, LLC, NaviSite, Inc., Cloudways Ltd., Hostwinds LLC, and Digital Ocean, among others.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Hosting Type |
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| Breakup by Service Type |
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| Breakup by Application |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of approximately USD 79.16 billion in 2023.
The market is projected to grow at a CAGR of 12.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 230.32 billion by 2032.
The major market drivers include increasing investments by service providers to develop user facing applications and rising demand for mobile phone applications.
The key trends fuelling the growth of the market include increased adoption of cloud computing solutions and rising cyber threats.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant hosting types available in the market include cloud hosting, managed hosting, and colocation hosting.
The key players in the market are Amazon Web Service, Inc., Microsoft Corporation, Alphabet Inc. (Google LLC), IBM Corporation (IBM), DXC Technology, Liquid Web, LLC, NaviSite, Inc., Cloudways Ltd., Hostwinds LLC, and Digital Ocean, among others.
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