Managed Application Services Market Overview and Industry Analysis - Market Research Report

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GLOBAL MANAGED APPLICATION SERVICES
MARKET OVERVIEW
GLOBAL OPPORTUNITY AND FORECAST 2018- 2025
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MANAGED APPLICATION SERVICES MARKET ANALYST
REVIEW
Asia-Pacific is expected to grow at a highest
CAGR, owing to growing number of small-
medium-sized businesses and rising demand for
managed application services from the BFSI
sector. Rachita Rake and Vishwa Gaul Research
Analyst, ICT at Allied Market Research
 
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CURRENT AND FUTURE MARKET SCENARIO

• The global managed application services market
  was valued at 7,311 million in 2017.
• The global managed application services market is
  projected to reach at 16,441 million by 2025.
• The global managed application services market
  growing at a CAGR of 10.8 from 2018 to 2025. 
• The BFSI industry vertical generated the highest
  revenue in 2017.
• In 2017, the large enterprises segment accounted
  for the highest revenue according to organization
  size segment.

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TOP IMPACTING FACTORS TO MARKET GROWTH

• Increase in demand for end-to-end application
  hosting.
• Rise in demand for end-to-end application hosting
  due to its numerous benefits is expected to boost
  the growth of the market. It includes benefits
  such as no vendor installation, low costs,
  minimized risk, no long-term commitment, backups,
  and security.
• Need to improve and secure critical business
  applications.
• Managed application services facilitate
  monitoring and maintenance of business
  applications by a managed service provider for a
  subscription-based fee for SMEs as well as large
  enterprises, thus, reducing the risk of
  downtime. 
• Increase in application complexity
• Implementation of managed application services
  has provided organizations with considerable
  opportunities to improve agility, efficiency,
  speed, and manageability within their IT
  environments.
• Risks associated with application data security
• The managed application services come with
  security concerns of application data, which
  impedes the growth of the market.

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MANAGED APPLICATION SERVICES MARKET SEGMENTATION

• BY ORGANIZATION SIZE
• Small and medium-sized enterprises (SMEs)
• Large enterprises

• BY SERVICE TYPE
• Operational services
• Application service desk
• Application hosting
• Application security and disaster recovery
• Application infrastructure

• BY APPLICATION TYPE
• Web-based applications
• Mobile applications

• BY INDUSTRY VERTICAL
• Telecom IT
• Government
• Healthcare
• BFSI
• Retail
• Energy utilities
• Others

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In 2017, the large enterprises segment accounted
for the highest revenue according to organization
size segment.
The application infrastructure services segment
is expected to exhibit significant increase in
terms of revenue during the forecast period.
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GEOGRAPHICAL OVERVIEW

• Based on region, it is analyzed across North
  America, Europe, Asia-Pacific, and LAMEA.
• Asia-Pacific is projected to exhibit substantial
  growth during the forecast period.

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DOMINATING MARKET PLAYERS PROFILED IN THE STUDY

• BMC Software Inc.
• DXC Technology Company
• Fujitsu
• HCL Technologies Limited
• IBM Corporation
• Navisite (Spectrum Enterprise)
• Rackspace
• Virtustream
• Wipro Limited
• YASH Technologies

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A Report Titled Managed Application Services
Market- Opportunities And Forecasts, 2018 2025
has been recently published by Allied Market
Research. It makes an In-depth Analysis of
current trends, drivers, and restraining factors
that affect Financial Ratios relevant to the
industry. Company profiles for key vendors in
business builds a comprehensive picture of
profitable opportunities from Stakeholders
Perspective. To Know More About Managed
Application Services Market Opportunities and
Forecasts 2018-2025 https//www.alliedmarketresear
ch.com/managed-application-services-market Get
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Research
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ABOUT ALLIED MARKET RESEARCH
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