Global Application Hosting Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Application hosting is a Software-as-a-Service (SaaS) solution that enables users to execute and manage software applications from the cloud. It offers consumers computing systems that enable software to be distributed via the Internet. It is accessible via the Internet from any location on the earth and is hosted and run by distant cloud architecture.

Sizing and Forecast

The application hosting market size has grown rapidly in recent years. It will grow from $85.91 billion in 2023 to $97.18 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to increasing demand for scalability, cost efficiency, globalization of businesses, security concerns, rise of e-commerce, integration of devops practices.

The application hosting market size is expected to see rapid growth in the next few years. It will grow to $155.1 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to edge computing adoption, hybrid cloud solutions, remote workforce trends, cybersecurity emphasis, industry-specific solutions. Major trends in the forecast period include cloud-native technologies adoption, edge computing integration, hybrid and multi-cloud strategies, security and compliance focus, serverless computing growth.

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Segmentation & Regional Insights

The application hosting market covered in this report is segmented –

1) By Type: Managed Hosting, Cloud Hosting, Colocation Hosting
2) By Service: Application Monitoring, Application Programming Interface Management, Infrastructure Services, Database Administration, Backup And Recovery, Application Security
3) By Organizational Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprise

North America was the largest region in the application hosting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global application hosting market report during the forecast period. The regions covered in the application hosting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The growing need for physical security is expected to propel the growth of the application hosting market in the coming future. Physical security refers to the security of personnel, hardware, programs, networks, and data from physical situations and events that can support severe losses or harm to an enterprise, agency, or organization. Application security controls are methods for enhancing an application’s coding-level security, making it less susceptible to hackers. For instance, in January 2021, IT Governance identified 1,243 security events that resulted in 5,126,930,507 records being compromised. In comparison to 2020 (1,120), that implies an 11% rise in security incidents. The number of compromised records dropped significantly over the same period, from 20.1 billion to 19.1 billion. Therefore, the growing need for physical security is driving the application hosting market.

Key Industry Players

Major companies operating in the application hosting market report are International Business Machines Corporation, Amazon.com Inc., Rackspace Hosting Inc., Microsoft Corporation, Alphabet Inc., Sungard Availability Services Inc., Liquid Web LLC, DXC Technology Company, Navisite Inc., Apprenda Inc., Charter Communications Inc., Oracle Corporation, Red Hat Inc., TIBCO Software Inc., The Apache Software Foundation, Fujitsu Limited, DigitalOcean Inc., Salesforce Inc., Salesforce Inc., VMware Inc., Endurance International Group Inc., HostGator.com LLC, A2 Hosting Inc., Linode LLC, Joyent Inc., Pantheon Systems Inc., Media Temple Inc., SiteGround Hosting Ltd., DreamHost LLC, NeXcess LLC, Vultr Holdings LLC, Contegix Inc., Atlantic.Net Inc., Arvixe LLC, InMotion Hosting Inc., UKFast.net Limited, iWeb Technologies Inc.

The application hosting market report table of contents includes:

1. Executive Summary

2. Application Hosting Market Characteristics

3. Application Hosting Market Trends And Strategies

4. Application Hosting Market – Macro Economic Scenario

 

5. Global Application Hosting Market Size and Growth

…

31. Global Application Hosting Market Competitive Benchmarking

32. Global Application Hosting Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Application Hosting Market

34. Application Hosting Market Future Outlook and Potential Analysis

 

35. Appendix

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