Application service provider (ASP) is a third-party organization that delivers software applications and related services over the Internet allowing an organization to outsource some or all of its information technology needs.
Application service Provider (ASP) definition in Contemporary Business
Application service provider (ASP) is the outside supplier that provides both the computers and the application support for managing an information system.
Application Service Provider is the allows business to outsource value chain functions to separate providers. The software resides at the ASP’s site.