Global Managed Application Services Market Overview:
Managed application services refer to outsourcing the task of providing ongoing support for applications to the organization that specializes in this type of maintenance and monitoring. These services enable an organization to focus on their core competencies by outsourcing the management services of legacy application maintenance.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
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:
Digitalization Trend in the Emerging Economies
Market Growth Drivers:
Rising Demand for End-To-End Application Hosting Services is Triggering the Strategy of Service Differentiation, Increase in Application Complexity, Cloud Deployment Going Mainstream, Increasing Degree of Business Risks Posed By Application Vulnerabilities and Minimize Security Risks Associated With Business Operations
Challenges:
Lack of Awareness About Applications and Low Network Bandwidth in Emerging Countries and High Cost of Deployment and the Need to Quickly Deploy Applications to End-Users
Restraints:
Lack of Trust in Third-Party Applications and Fear of Losing Control Over Application Data and Risks Associated with Application Data Security
Opportunities:
Rising Adoption of Mobile Devices and the Evolution of Iot
Competitive Landscape:
Some of the key players profiled in the report are BMC Software (United States), IBM (United States), Wipro (India), Mindtree (India), YASH Technologies (United States), HCL (India), CenturyLink (United States), Unisys (United States), Fujitsu (Japan), Navisite (United States), SMS Management & Technology (Australia) and Virtustream (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Managed Application Services market by 2027. Considering Market by Organization Size, the sub-segment i.e. Small- and Medium-Sized Enterprises (SMEs) will boost the Managed Application Services market. Considering Market by Industry , the sub-segment i.e. BFSI will boost the Managed Application Services market. Considering Market by Service Type, the sub-segment i.e. Operational Services will boost the Managed Application Services market.
What Can be Explored with the Managed Application Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Managed Application Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Managed Application Services
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 Managed Application Services 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 Managed Application Services 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.
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.