Global Application Management Services Market, By Service (Application Portfolio Assessment, Application Security, Web Application Security, Mobile Application Security, Application Modernization, Cloud Application Migration, Application Integration, Application Replat Forming, UI Modernization, Application Maintenance And Support, Application Managed Services), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), Industry Vertical (Banking, Financial Services, and Insurance (BFSI), Telecom and IT, Government, Retail and eCommerce, Healthcare and Lifesciences, Manufacturing, Energy and Utilities, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Application Management Services Market
The application management services market is expected to witness market growth at a rate of 16.37% in the forecast period of 2021 to 2028 and is expected to reach USD 80.42 billion by 2028. Data Bridge Market Research report on application management services market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the adoption rate of cloud computing is escalating the growth of application management services market.
Application management services refer to the sets of services which are deployed by enterprises with the purpose of managing their existing applications portfolio. Application portfolio assessment initiates these services. These management services could be outsourced as well to a managed service provider who possesses the expertise in managing enterprise application portfolios. They assist in business transformation through improved application performance, business productivity and application optimization along with cost efficiency.
The increase in demand for next-generation technology integration and the rising need to align legacy systems with the evolving business structure act as the major factors driving the growth of application management services market. The development of systems and incorporation of development of systems by businesses such as continuous delivery and integration, and rise in the popularity of mobility, social tools, cloud migration and integrated platform as a service accelerate the market growth. The growing emphasis on enterprise applications such as enterprise resource planning, customer relationship management, and human resource management services among others and increasing adoption of these services by small and medium businesses for monitoring, management and other applications further influence the market. Additionally, escalated time-to-market, rapid urbanization and industrialization, high penetration of cloud computing, emergence of BYOD and proliferation of mobile apps and digitization positively affect the application management services market. Furthermore, open-source technology and presence of a large number of legacy applications extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high investments in application security disrupting the IT applications budget and the rise in concerns regarding application data security are expected to obstruct the market growth. Increase in architectural and operational complexities are projected to challenge the application management services market.
This application management services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on application management services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Application Management Services Market Scope and Market Size
The application management services market is segmented on the basis of service, organization size and industry vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of service, the application management services market is segmented into application portfolio assessment, application security, web application security, mobile application security, application modernization, cloud application migration, application integration, application replat forming, modernization, application maintenance and support, and application managed services.
- On the basis of organization size, the application management services market is segmented into small and medium-sized enterprises and large enterprises.
- On the basis of industry vertical, the application management services market is segmented into banking, financial services, and insurance (BFSI), telecom and IT, government, retail and ecommerce, healthcare and life sciences, manufacturing, energy and utilities, and others.
Global Application Management Services Market Country Level Analysis
The application management services market is analyzed and market size, volume information is provided by country, service, organization size and industry vertical as referenced above.
The countries covered in the global application management services market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates application management services market because of the emerging technologies, such as cloud, analytics, social media, and digitalization, large size of the outsourcing industry and rise in pressure for reducing IT costs in the region. Asia-Pacific is expected to witness fastest growth in the forecast period of 2021-2028 due to the rise in demand from developing countries such as China and India, and presence of prominent vendors.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Application Management Services Market Share Analysis
The application management services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to application management services market.
The major players covered in the application management services market report are IBM, Atos SE, Capgemini., Cognizant, FUJITSU, DXC Technology Company, HCL Technologies, Tech Mahindra Limited., Wipro Limited, Accenture., , Deloitte Touche Tohmatsu Limited, Infosys Limited, NTT DATA Corporation, Tata Consultancy Services Limited., Trianz, Oracle, SAP, Dell, Optimum Solutions (S) Pte. Ltd., NEORIS, Sierra-Cedar, LLC. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-