Global Application Service Provider (ASP) Hosting Services Market to Reach $45 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
Driven by advances in software and hardware, the world application service provider (ASP) hosting services market is forecast to exceed $45 billion by 2010. Successful adoption of ASP by several large companies, supplier partnerships, and initiatives by Microsoft, Oracle, Hewlett Packard, and IBM have helped solve many problems plaguing the ASP hosting services industry.
San Jose, CA (PRWEB) April 23, 2008 -- Application service provider (ASP) hosting services market continues to grow at a scorching pace aided by technological advances in software and hardware. The industry has really come of age over the past few years with the successful adoption of ASP by many large companies. Supplier partnerships and initiatives by vendors such as Microsoft, Oracle, Hewlett Packard, IBM, and others have also boded well for the ASP market. Driven by factors such as focus on profitability, large companies as ASP customers, and increasing partnerships in the ASP domain, the global application service provider (ASP) hosting services market is forecast to reach $69.8 billion by 2015. Geographically, United States represents the leading market with little over 55% share in 2008, as stated by Global Industry Analysts, Inc. Asia-Pacific represents a fast growing market flaunting the potential to grow at a CAGR of 18.28% over the period 2011-2015.
E-commerce represents the largest application in the ASP hosting services market. Within e-commerce, B2B holds better prospects. However, long-term growth of this application type remains doubtful, as the market seems to have matured. Customer Relationship Management (CRM) and industry specific applications are expected to be the main ASP applications through 2010. Industry specific applications, also known as vertical applications, are expected to be the key applications for the ASPs. Although standardized applications offer the maximum benefit to an ASP, it may not be so beneficial to the customer as customization and integration with existing systems is not possible with these applications. Hence, customized applications for specific industries/ companies are expected to grow in importance in the future.
Awareness of ASP and its business advantages among the customers is rising continuously. ASPs, partners of ASPs, and various organizations including ASP Industry Consortium continue to educate people regarding the services and benefits offered by ASPs. Another major trend impacting the market dynamics includes hectic consolidation activity over the last five years in the ASP industry. Although the M&A activity has slowed down a bit in recent years, it continues to be a part and parcel of the ASP industry.
Leading players in the worldwide ASP hosting services market include AboveNet, Inc., Ariba, Inc., Electronic Data Systems Corporation, International Business Machines Corporation, Intelligroup, Inc., Jamcracker, Inc., Oracle Corporation, Tata Consultancy Services Ltd, and USinternetworking, Inc.
The report titled "Application Service Provider (ASP) Hosting Services: A Global Strategic Business Report" published by Global Industry Analysts, Inc., presents detailed analyses and coverage of the US, Canadian, Japanese, European, Asia-Pacific and Rest of World markets. The report highlights growth drivers, growth inhibitors, and key trends, in addition to the analysis of ASP hosting services by application type.
For more details about this research report, please visit http://www.strategyr.com/Application_Service_Provider_ASP_Hosting_Services_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site www.StrategyR.com
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