Market Highlights: —
The application management services market is estimated to expand at 22 % CAGR over the forecast period (2017-2023) owing to the rapid development in the infrastructure, asserts Market Research Future (MRFR). Application management services support and facilitate business organizations in order to fulfill the demand for rapidly increasing innovation and maintain high level of service quality. It also facilitate a cost-effective service solution and helps to restore existing application service operations.
With the increasing adoption of ready-made solution, the global application management services are likely to gain traction during the forecast period. Ready-made solutions help to reduce complexities in the management and deployment of AMS solutions. Moreover, these solutions can be re-used which reduces the cost of launching new products, thus making them more economical. This is likely to drive the market during the assessment period. Also, rise in mobile applications which surge the demand for management services is anticipated to propel the market growth during the forecast period.
On the flip side, high investment in application security which further increases the expenditure budget in IT applications is anticipated to inhibit the market growth during the assessment period. Moreover, rise in mobile application increases security risk for confidential and private information which is expected to hamper the market growth.
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Major Key Players
• Accenture (Ireland),
• Atos (France),
• Oracle Corporation (U.S.),
• 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.),
• IBM (U.S.), Wipro (India), Tech Mahindra (India), HCL (India), Infosys (India),
According to MRFR, the global Application Management Services market is expected to reach approximately over USD 35 billion by 2023 growing at a 22% CAGR over the forecast period 2017-2023
Sprint and Ericsson have announced that they will build a virtualized core Internet of Things (IoT) network and operating system. According to the senior vice president of Sprint of IoT Ivo Rook, the network will be ready for 5G, with the network and OS to utilize Ericsson's IoT Accelerator platform.
The application management services market is differentiated by service-type, organization size, deployment, and end-user.
The service-type of the application management services market is categorized as system integration, support & maintenance, database management, consulting services, and modernization services. On the basis of deployment, the market comprises on-premises and on-cloud. Based on the organization size, the market is categorized as large enterprises and Small & Medium Enterprises (SMEs).
Furthermore, on the basis of end-user, the market is classified as BFSI, IT & telecom, manufacturing, healthcare, government, retail & E-commerce, healthcare & life science, and energy & utilities.
Geographically, the Application Management Services is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.
North America is presumed to have a significant growth in the application management services market. The United States and Canada are the leading countries in the region. This is due to presence of large number of service providers in the region. Europe is also expected to have a substantial growth in the market. The United Kingdom, France, and Germany are expected to be leading countries due to the increase in adoption of cloud services. Asia Pacific is also anticipated to be the fastest growing region in the AMS market over the forecast period. India, Japan, and China are the leading countries in the application management services market. This is attributed to increased investment from advance economies to boost small and medium business organization.
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• Application Management Services Providers
• Professional and Managed Service Providers
• Government and Research Organizations
• Information Technology (IT) Companies
• Application Modernization Vendors
• Associations and Industry Bodies
• Application Security Vendors
• System Integrators
LIST OF TABLES
Table 1 World Population by Major Regions (2017 To 2023)
Table 2 Global Application Management Services-Type Market: By Region, 2017-2023
Table 3 North America Application Management Services-Type Market: By Country, 2017-2023
Table 4 Europe Application Management Services-Type Market: By Country, 2017-2023
Table 5 Asia Pacific Application Management Services-Type Market: By Country, 2017-2023
Table 6 The Middle East & Africa Application Management Services-Type Market: By Country, 2017-2023
LIST OF FIGURES
FIGURE 1 Global Application Management Services-Type Market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Application Management Services-Type Market
FIGURE 4 Value Chain of Global Application Management Services-Type Market
FIGURE 5 Share of Global Application Management Services-Type Market in 2017, by country
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Name: abhishek Sawant
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Organization: Market Research Future
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Release ID: 485150