The requirement for cloud-based on-demand software is likely to reinforce the application hosting market 2020 positively. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. A revenue level of USD 82.17 billion is forecasted to be achieved with a CAGR of 13.4% in the forecast period.Detailed Regional Analysis
The regional assessment of the application hosting market is segmented into regions such as Asia Pacific, Europe, North America, and the rest of the regions in the world. The North American region is recognized to have seen remarkable growth in the application hosting market. The US is the most critical country in the regional market due to the incidence of a huge number of solution suppliers in the region. Additionally, the Asia Pacific is anticipated to have vital growth in the application hosting market. The leading countries in the region are Japan, China, South Korea, and India. Global Application Hosting Market development is accredited to the progressing adoption of e-commerce websites such as Flipkart, Amazon, and others. Moreover, the APAC region is also likely to observe amplified investment to improve cloud infrastructure to enable the outsourcing of managed services.
Competitive Analysis
The eminent contenders in the application hosting market are Spectrum Enterprise (US), IBM Corporation (US), Rackspace (US), Google LLC (US), Amazon Web Services (US), Microsoft Corporation (US), LiquidWeb (US), Sungard AS (US), DXC Technology (US), and Apprenda (US).
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