As per Market Research Future (MRFR) analysis, the global application management services market is estimated to reach approximately USD 35 billion at a 22% CAGR from 2017 to 2023 (forecast period). The report provides the COVID-19 analysis of the global application management services market and presents a detailed illustration of market segments, current developments, growth projections, and market challenges.
Key Participants Identified in Global Application Management Services Industry Include:
Accenture (Ireland), Atos (France),Infosys (India), Oracle Corporation(U.S.),SAP(Germany),Deloitte (U.S.), Dell Inc. (U.S.), Optimum Solutions (Singapore), Neoris (U.S), Sierra-Cedar, Inc. (U.S.), Capgemini (France), Cognizant (U.S.), Fujitsu (Japan), DXC (U.S.), HCL (India), IBM (U.S.), Wipro (India), and Tech Mahindra (India)
Covid 19 Pandemic Crisis on Application Management Services Market with Complete Table of Content and Free Sample at:
In the process of increasing the customer base, business organizations are developing and providing higher levels of user satisfaction services, eventually increasing the efficiency and effectiveness of the business workflow. Business enterprises currently need efficient software applications to improve and support business workflow. Furthermore, with the rapid growth of IT infrastructure, business enterprises are increasingly evolving with advanced business applications that enable them to strategize themselves according to the needs of end-users. As a result, with a rise in the business application, it is important for business organizations to manage their services. Therefore, Application Management Services (AMS) facilitates business enterprises to manage many business applications. AMS is complete service management of business applications starting right from conceptualization to modification to implementation and maintenance and support.
As a complete service solution, AMS provides services that cover the life-cycle phases of application, including application development, monitoring & support, maintenance, and others. Furthermore, the increase in mobile applications that increase the demand for management services is expected to be one of the driving factors for the AMS market over the assessment period.
Increase in Bring Your Own Devices (BYOD) in the business enterprise is expected to boost the market for hardware, software, and service management services. As a result, AMS makes it easier to reduce the operating and capital expenditure of business enterprises. On the other hand, the rise in mobile apps also raises the security risk for private and sensitive information, which is expected to impede the AMS market’s growth over the forecast period. In addition, high investment in application security, which raises the budget for IT applications, is expected to act as one of the barriers to the AMS market over the next few years.
The global market for application management services has been segmented into service-type, organization size, deployment, and end-user.
Based on service type, the global market for application management services has been segmented into system integration, database management, support & maintenance, consulting services, and modernization services.
Based on deployment, the global market for application management services has been segmented into on-premises and on-cloud.
Based on the organization size, the global market for application management services has been divided into large enterprises and small & medium enterprises (SMEs).
On the basis of end-user, the global application management services market has been segmented into BFSI, IT & telecom, retail & E-commerce, manufacturing, healthcare, government, healthcare & life science, and energy & utilities.
Geographically, the global application management services market has been segmented into four different regions: Asia Pacific, Europe, North America, and the Rest of the World.
North America is expected to see significant growth in the market for application management services. The United States of America and Canada are the leading countries in the region. It is due to the existence of a large number of service providers in the region. Europe is also expected to rise significantly in the market. The United Kingdom, France, and Germany are expected to be the leading countries due to an increase in the number of cloud services provided. Asia Pacific is also predicted to be the fastest-growing region in the AMS market over the forecast period. India, Japan, and China are the leading countries in the market for application management services. It is due to increased investment from advanced economies to support small and medium-sized enterprises.
Table of Content:
1 Executive Summary
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Supplierss
4.2 Value Chain/Supply Chain Of Global Application Management Services Market
5 Industry Overview Of Global Application Management Services Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
- Global Application Management Services Market By Services-Type
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