Positive: Application Hosting Market projected to reach USD 210.61 billion by 2032 with a 12.3% CAGR
From GlobeNewswire.: 2025-01-21 09:00:00
The Application Hosting Market was valued at USD 74.52 billion in 2023 and is projected to reach USD 210.61 billion by 2032, with a CAGR of 12.3% from 2024-2032. The demand for scalable and cost-effective hosting solutions is growing across sectors like healthcare, finance, retail, and government.
Major players in the market include Amazon Web Services, IBM, Google, Microsoft, and Oracle, among others. Cloud computing is a key component of IT strategies, with 37% of U.S. government IT decision-makers using IaaS providers like AWS and Microsoft Azure.
Managed hosting dominated the market in 2023, while cloud hosting is expected to experience the fastest growth with a projected CAGR of 13.71%. Data-Based Administration held the largest market share in 2023, while Infrastructure Services are expected to have the highest growth rate.
North America leads the global market, with the U.S. being the largest market in the region. Asia Pacific is the fastest-growing region, driven by cloud adoption and digital transformation in countries like China, India, Japan, and South Korea. Recent developments include DreamHost introducing an AI-powered business name generator. Rackspace Technology partners with NVIDIA and Dell Technologies to introduce a hosted private cloud generative AI solution in August 2023, simplifying the adoption of AI for digital transformation efforts. The Application Hosting Market Analysis Report for 2024-2032 covers key points, including market dynamics, segmentation by type, size, industry, regional analysis, company profiles, and use cases. SNS Insider offers consulting services like Go To Market Assessment, Total Addressable Market Assessment, and Competitive Benchmarking for businesses seeking market insights. SNS Insider is a global leader in market research and consulting, providing clients with up-to-date market data, consumer insights, and opinions to make informed decisions in changing environments.
Read more at GlobeNewswire.: Application Hosting Market Size to Surpass USD 210.61