Managed application services transform application portfolios into smooth running operations that facilitate accomplishment of business goals. These services provide experienced IT professionals methodologies to maintain, support, and improve important applications of an organization. They are adopted by numerous enterprises to manage the existing business-critical applications and exclusively focus on core competencies of the business.
Rise in demand for end-to-end application hosting and need to improve & secure critical business applications drive the growth of the managed application services market. However, risks associated with application data security are expected to impede the market growth. Furthermore, rise in application complexity and growth in investment in managed application services by small and medium enterprises (SME) are expected to present major opportunities for this market in future.
The global managed application services market is segmented based on service type, organization size, application type, industry vertical, and region. Based on service type, it is divided into operational services, application service desk, application hosting, application security & disaster recovery services, and application infrastructure. Based on organization size, the market is bifurcated into small & medium sized enterprises (SMEs) & large enterprises. Based on application type, the market is classified into web-based applications and mobile applications. Based on industry vertical, it is divided into telecom & IT, government, healthcare, BFSI, retail, energy & utilities, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report provides the profiles of key players, namely BMC Software, Inc., Rackspace US, Inc., DXC.Technology Company, Fujitsu, HCL Technologies Limited, International Business Management (IBM) Corporation, Wipro Limited, Navisite (Spectrum Enterprise), Virtustream, and YASH Technologies.
Key Benefits For Managed Application Services Market
- The study provides an in-depth analysis of the global managed application services market along with current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the market is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the managed application services industry.
- Quantitative analysis from 2017 to 2025 is provided to determine the global managed application services market potential.
- Managed Application Services Key Market Segments
BY SERVICE TYPE
- Operational services
- Application service desk
- Application hosting
- Application security and disaster recovery
- Application infrastructure
BY ORGANIZATION SIZE
- Small and Medium-sized Enterprises (SMEs)
- Large enterprises
BY APPLICATION TYPE
- Web-based applications
- Mobile applications
BY INDUSTRY VERTICAL
- Telecom & IT
- Government
- Healthcare
- BFSI
- Retail
- Energy & Utilities
- Others
BY REGION
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- BMC Software, Inc.
- DXC Technology Company
- Fujitsu
- HCL Technologies Limited
- International Business Management (IBM) Corporation
- Navisite (Spectrum Enterprise)
- Rackspace
- Virtustream
- Wipro Limited
- YASH Technologies
Table of Contents
Executive Summary
According to a recent report titled,"Managed Application Services Market by Service Type, Organization Size, Application Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018 - 2025". The global managed application services market was valued at $7,311 million in 2017 and is projected to reach at $16,441 million by 2025, growing at a CAGR of 10.8% from 2018 to 2025.Surge in demand for end-to-end application hosting due to increased cloud infrastructure, need to improve and secure critical business applications, and rise in sophistication level of application infrastructure drive the growth of the global managed application services market. In addition, increase in application complexity and in-house teams shifting away from legacy application support are expected to create lucrative opportunities for the growth of the market. However, risks associated with application data security are anticipated to hamper the market growth during the forecast period.
Based on service type segment, the application hosting services segment led the managed application services market in 2017. However, the application infrastructure services segment is expected to witness the highest growth, owing to its increased need of managed application services to provide reliable services for middleware infrastructure.
The global managed application services market was led by the web-based application services in 2017 and is projected to maintain its dominance during the forecast period. However, the mobile-based application services are anticipated to witness the fastest growth, registering a CAGR of 13.5% during the forecast period.
Key Findings Of The Global Managed Application Services Market:
The application infrastructure services segment is expected to exhibit significant increase in terms of revenue during the forecast period.
In 2017, the large enterprises segment accounted for the highest revenue according to organization size segment.
The BFSI industry vertical generated the highest revenue in 2017.
Asia-Pacific is projected to exhibit substantial growth during the forecast period.
Some of the key players operating in the managed application services market include BMC Software, Inc., Rackspace US, Inc., DXC Technology Company, Fujitsu, HCL Technologies Limited, International Business Management (IBM) Corporation, Wipro Limited, Navisite (Spectrum Enterprise), Virtustream, and YASH Technologies.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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