The factors such as organizations' software-centric competitive approach, growing smartphone penetration, availability of a large number of web applications, etc. are generating the demand for application hosting across the globe. The web-based application is a cost-effective alternative compared to a mobile-based, therefore, a web-based application is the most preferred option among end-users, particularly in small and medium-sized enterprises for providing services to their clients. Thereby, it is expected the global application hosting market is surging at a CAGR of XX% during the forecasting years 2020-25.
