What is a “hosted” service?
A service, or application, is “hosted” when the application is delivered over the Internet. All software and data relating to the application are located on equipment operated by the application provider, as opposed to being resident on an in-house server. A browser is all that’s needed to access and use the service. This approach to application delivery is also called “Software as a Service” or an “Application Service Provider (ASP) model”. Some interesting comments about this approach can found in Library Journal and Business Week.