Global Application Management Services (AMS) Market Overview:
Application Management Services (AMS) assists organizations in administrating and managing their business application to improve organizational efficiency. These systems also helps in minimizing operations expenses since they offer application management in each stage of application life cycle which includes application development, monitoring, maintenance & support and many others. Recently, mobile application development has seen robust growth which will ultimately upsurge the need for AMS. Moreover, growing applications of Bring Your Own Devices (BYOD) in the business organization will generate significant demand over the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Uses of Application Management Services (AMS) in BFSI Business and Upsurging Adoption of Ready Made Solutions
Market Growth Drivers:
Enables Accessibility of Skilled Workforce assists in Employment and Provides Enormous Cost Advantages and Simplifies Business Processes
Challenges:
Complexities in Integrating AMS with the Existing Systems and Continuously Changing the Organizational Preferences
Restraints:
Higher Initial Establishment Costs might Stagnate the Demand for AMS and Minimally Profitable for Comparatively Smaller Organization where the Business Processes are Rarely Depend on Application Performance
Opportunities:
Reusability & Scalability of the Application Management Services pose Numerous Opportunities and Works continuously without Interrupting Business Processes
Competitive Landscape:
Application Management Services (AMS) System market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Accenture plc (Ireland), Atos SE (France), Infosys Limited (India), Oracle Corporation(United States), SAP SE(Germany), Deloitte Touche Tohmatsu Limited (United States), Dell Inc. (United States), Optimum Solutions, Inc. (Singapore), Neoris, Inc. (United States) and Sierra-Cedar, Inc. (United States). The Players having a strong hold in the market are Accenture, Atos, Infosys, Oracle, and SAP. Additionally, following companies can also be profiled that are part of our coverage like Capgemini SE (France), Cognizant Technology Solutions Corporation (United States), Fujitsu Ltd. (Japan), DXC Technology (United States), HCL Technologies Limited (India), International Business Machines Corporation (United States), Wipro Limited (India) and Tech Mahindra Limited (India). Analyst at AMA Research see United States Players to retain maximum share of Global Application Management Services (AMS) market by 2028.
Considering Market by , the sub-segment i.e. will boost the Application Management Services (AMS) market.Latest Market Insights:
May 19, 2019, a global professional services company, "Accenture" is collaborating with investment company Al Maskari Holding on a program to equip UAE nationals with the skills needed to future-proof their careers and to strengthen the local talent base. This collaboration focuses on attracting and nurturing the best regional talent as well as Emiratis living abroad. It is also designed to enable Emiratis to build their careers and contribute to their country’s growth and innovation agendas.
On June 18, 2019, a global leader in digital transformation, "ATOS" has signed a 6-year contract with the international fashion and home-shopping retailer and brand of Damartex Group named, 'Damart' to digitally transform its business by moving its infrastructure to the cloud. Damart will also use a cloud solution combining Google Cloud Platform (GCP) and Atos’ Digital Private Cloud platform. Atos will fully manage the migration of Damart’s infrastructure, currently hosted in Damart’s local and Atos datacenters, to a mixed cloud solution, based on GCP public cloud platform and Atos’ Digital Private Cloud platform.
What Can be Explored with the Application Management Services (AMS) Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Application Management Services (AMS) Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Application Management Services (AMS)
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Application Management Services (AMS) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Application Management Services (AMS) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Application Management Services (AMS) Providers, Professional and Managed Service Providers, Financial Institutes and Venture Capitalists, Application Security Vendors, System Integrators, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.