Application Management Services Market Size, Growth Opportunities, Industry Potential, Segmentation Overview, Trends And Forecast Studies 2022

In the ever-changing, complex IT landscape of the 21st century, the cost of maintenance continues to grow at a staggering pace. Application management specialists hold the key to overcoming challenges by application performance improvement, thereby achieving better business results. Application management services are delivered several diverse organizations that need to outsource the process of application management. The companies providing this service have expertise in the field of information technology or an expertise of managing similar application for organizations in the same line of business. Future Market Insights projects that application management services market is poised to record robust CAGR of 8.6% from the period 2017 to 2022.

The BFSI segment has the largest revenue share by industry segment at the end of 2017 and is expected to gain substantial share in future. An absolute dollar opportunity of more than US$ 7.4 billion is waiting to be tapped in the BFSI segment from 2017 to 2022. The maximum opportunity in the BFSI segment lies in North America, followed by Europe. Healthcare is a vital segment that should require the services of application management services in the near future. A high CAGR is anticipated in the healthcare segment and North America with its geriatric population and well-developed healthcare infrastructure might be critical in the long-run

To remain ‘ahead’ of your competitors, request for a sample – https://www.futuremarketinsights.com/reports/sample/REP-GB-5290

The retail & consumer goods segment is poised to gain massive share over the forecast period and companies would do well to focus on this industry in the application management services market. Retail & consumer goods is predicted to grow past a value of US$ 18.8 billion by end 2022, making it large enough for all companies. Strong economic growth in the APEJ region, largely riding on the shoulders of China and India, should lead to a retail boom in this dynamic, populous nations. Furthermore, these countries can be considered ‘mobile first’ or even ‘mobile only’ ensuring that they are perfect for application management service players to target with all guns blazing

IT & Telecom has marginal revenue share in application management services market but is on track to lose significant share over the five-year forecast. North America is the only region in the IT & Telecom segment that could be worth more than US$ 2.2 billion by end 2022 even though a higher CAGR is estimated in both Japan and APEJ. The government and engineering segments have a single-digit revenue share in application management services market with the latter being slightly larger. However, the government segment may show marginal growth and companies with a customized go-to-market strategy could well achieve success

Companies profiled in the application management services market report include KPIT Technologies Limited, Hexaware Technologies Limited, Wipro Limited, Infosys Limited, CA Technology Inc., HCL Technologies, Capgemini SE, NTT DATA Corporation, IBM Corporation, and Accenture PLC

For critical insights, request for PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-5290

Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com