The report segments the application management services market comprehensively to provide the closest approximations of the revenue numbers for the overall market and sub segments across different regions.
The application management services market size is expected to grow from USD 10.67 billion in 2017 to USD 27.83 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period.
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The key players in the Accenture (Republic of Ireland), Atos (France), DXC (US), HCL (India), IBM (US), Capgemini(France), Cognizant (US), Fujitsu (Japan), Tech Mahindra (India), Wipro (India)
The global application management services market has been segmented by service, organization size, vertical, and region. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across different regions.
In addition to this, the strength of service portfolio and business strategy excellence is some of the other MarketsandMarkets analysis included in the report.
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The application management services market size is expected to grow from USD 10.67 billion in 2017 to USD 27.83 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period. The need for business agility and accelerated time-to-market, and adoption of cloud computing are some of the major drivers that are expected to increasing the demand for application management services.
The major restraining factor for the growth of the application management services market is the rising concern over application data security.
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The application security services segment is expected to witness the highest growth rate during the forecast period, as the vulnerabilities have become more complex and sophisticated, the demand for the application security segment is also expected to increase, to cater to the challenges posed by these threats.
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