Study papers on Managed Application Services market and regional forecast. Managed Application Services market players are BMC Software (US), Century Link (US), Fujitsu (Japan), HCL (India), IBM(US), SMS Management & Technology (Australia), Unisys (US), Virtustream (US), Wipro (India), YASH Technologies (US), Mind tree (India), and Navisite (US).
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Managed application services market size is estimated to be USD 2.02 billion in 2017 and is expected to reach USD 5.54 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.4% during the forecast period. The major factors driving the growth of the managed application services market include the increasing demand for end-to-end application hosting services and the rising sophistication level of application infrastructure.
However, concerns for application data security and lack of trust on third party service providers are expected to limit the market growth in the coming years.
- Managed application service providers
- IT service providers
- Mobile application consumers
- Application and software developers
- Cloud service providers
- Consultants/consultancies/advisory firms
- Training and education service providers
As per the regional analysis, Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period, as most of the companies in APAC are encouraging the extensive adoption of mobile applications.
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Furthermore, this region comprises a large number of SMEs that have limited IT budget and IT staff. Governments in this region are also adopting the mobile-first strategy to provide better citizen services that would spur the market of managed application services during the forecast period.
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The operational services segment is expected to have the largest market share during the forecast period, as it is important for organizations to run their business applications smoothly. The operational services are responsible for the overall performance and operation of all critical business applications.
Additionally, small downtime in organization’s applications can lead to huge losses. Hence, organizations across the globe are investing heavily on operational services.
The mobile application type is expected to grow at a higher rate, due to its increasing adoption and deployment of applications in the mobile environment. Organizations are well versed with the business benefits that are generated by mobile applications.
2 Market Ranking Analysis
3 Competitive Scenario
3.1 New Product/Service Launches
3.2 Business Expansions
3.3 Mergers and Acquisitions
3.4 Agreements and Partnerships
The global managed application services market has been segmented by service, application type, vertical, organization size, and region. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across major regions.
In addition to this, the strength of service port folio and business strategy excellence are some of the other MarketsandMarkets analysis included in the report.
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