San Francisco, 18 December 2018, Application Management Services Market
Analysis Report By Service (System Integration, Support & Maintenance), By
Deployment, By Application, By Region, And Segment Forecasts, 2018 – 2025
The global application management services market is
estimated to reach USD 87.60 billion by 2025, according to a new report by
Grand View Research, Inc. The industry is expected to witness a steady growth
owing to the increasing demand from the financial services sector and
healthcare industry.
Application management services
encompass a wide range of implementation and operational services that are
vital to application maintenance, optimization, support and modernization, and
migration. As the number of applications used and deployed by organizations is
increasing continuously, the need to monitor and manage these services for
business efficiency and continuity is driving the demand for application
services across different industries.
Companies today make use of a
myriad set of applications to address client needs, deal with numerous
stakeholders in the value chain, and keep abreast with the rapidly evolving
technology landscape. These conditions have been augmented with the advent of new
trends such as Internet of Things, cloud, and analytics, which are disrupting
the traditional system models. Owing to these factors, the application
management services are anticipated to witness a steady rise in demand over the
years to come.
The application services
industry is quite mature, which can be attributed to the presence of many
traditional service providers who are entrenched firmly in the market. As the
technological adoption gains velocity in the industry, delivery models and
service scopes are set to exhibit a dramatic change with Software as a Service
and cloud deployments playing a significant role in the market.
Access Full Research
Report On Application Management Services Market Analysis:
www.grandviewresearch.com/industry-analysis/application-management-services-market
www.grandviewresearch.com/industry-analysis/application-management-services-market
Further key findings from the report suggest:
·
The industry is marked by the
presence of big enterprises such as Cognizant, Accenture, IBM, Capgemini, and
Deloitte
·
The banking, financial
services, and insurance segment is anticipated exhibit a significant increase
in demand
·
IT cost reduction,
digitalization, and the need for gaining agility, reliability, and integrated
system models will shape the nature of services provided and sought after in
the market
·
The impact of changing industry
dynamics will be profoundly exhibited on outsourcing, whether offshoring or
onshoring industries, at a global level
·
The lack of innovation,
communication gaps, and inefficient methods for change management and
governance may become major hurdles in the industry’s growth over the forecast
period
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/communication-services
Grand View Research has segmented the
application management services market on the basis of service, deployment,
application, and region:
Service Outlook (Revenue, USD
Million; 2014 - 2025)
·
System Integration
·
Support & Maintenance
·
Database Management
·
Consulting
·
Modernization
·
Others
Deployment Outlook (Revenue,
USD Million; 2014 - 2025)
·
On-premise
·
Cloud
Application Outlook (Revenue,
USD Million; 2014 - 2025)
·
BFSI
·
Healthcare
·
IT and Telecom
·
Retail
·
Public Sector
·
Others
Regional Outlook (Revenue, USD
Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
South America
o
Brazil
·
Middle East & Africa (MEA)
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-application-management-services-market
www.grandviewresearch.com/press-release/global-application-management-services-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
