The Global Application Hosting Market Analysis, 2020 research report depicts an exhaustive picture of market statistics of global app hosting market highlighting market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, types, applications, technology, deployment model, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Global Application Hosting Market Analysis, 2020”, the Global Application Hosting market is anticipated to grow at a CAGR of around 13% during 2020-25. Increasing focus of business-centric and customer-centric approaches by the end-user vertical, and strategic thrust to gain competitive advantage through online service offering and security to the customers, are key factors which are expected to augment the market for application hosting during the forecast period.
The Banking, Financial Services, and Insurance (BFSI) segment held the largest market share in the Global Application Hosting market during 2015-19. The increasing penetration of the internet across several verticals and the growing adoption of mobile phones has been offering impulsive growth opportunities to the companies in the BFSI sector to expand their service offering across multiple channels through online and installed mobile applications in the form of mobile and internet banking.
Mobile-Based Application Hosting Segment Exhibited Fastest Growth
The mobile-based application hosting segment is anticipated to attain the lucrative growth during the forecast period 2020-25, as stated in the MarkNtel Advisors’ research report on “Global Application Hosting Market Analysis, 2020”, owing to the advancing development of the mobile applications by the business organizations to improve customer interaction with convenience. The increasing penetration of mobile phones and internet services is propelling the operators to increase their investment in mobile applications. Such mobile applications require authentication and data security, along with maximum server uptime. Therefore, the market demand for mobile application hosting services has been surging.
According to MarkNtel Advisors, some the of key competitors operating in the Global Application Hosting market include AWS, IBM, Rackspace, Google, Liquid Web, Microsoft Corporation, FIS, DXC, Navsite, and Apprenda.