Application or managed service provider (ASP/MSP)

A service provider that hosts, operates and delivers access to software applications and computing capabilities to multiple customers over the internet or a dedicated private network. Application service providers manage the hardware, software, runtime execution, security protections and availability of applications within their infrastructure on behalf of clients under a subscription or usage-based pricing model. Customers leverage these shared, centrally managed application platforms and resources remotely often as a cloud-based alternative to having on-premises systems.

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