By hosting the application on the cloud, end-users can significantly reduce their operating costs, including server costs, maintenance costs, and physical storage costs, and improve the efficiency of the development cycle. End-users need not pay the license cost as the application can be accessed through the cloud. Small and medium-sized enterprises prefer cloud-based application development services as they are cost-effective. The demand for cloud-based services is increasing in the market as they offer advantages such as ease of access, flexibility, and security. LONDON-( BUSINESS WIRE)-The custom application development service market is expected to grow by USD 26.74 billion during 2020-2024, according to the latest market research report by Technavio.
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