Global Application Management Services Market by Service (System Integration, Support & Maintenance) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2017, the global market for application management services was worth USD 56.62 million. In 2017, the global application management services market was valued at USD 56.62 billion. This is due to the increasing demand for next-generation technology and the need to align legacy systems with an evolving business structure. Cloud migration, mobility, social instruments, and integrated platform-as-a-service are all expected to have an impact on service delivery models.

Companies are constantly trying to adapt to changing customer demands by developing systems of innovation and differentiation, inculcating new delivery models and processes, and creating new ways of doing business. These capabilities are not the only ones offered by industry vendors. They also offer many other services such as modernization and migration, redeployment and architectural redesigning. The application services market will continue to grow at a steady rate over the next few years. The majority of application services are focused on enterprise software, such as customer relation management, enterprise resource planning, human resource management services. These services are offered by software vendors like SAP, Oracle, Microsoft. Their monitoring and management services requirements will rise as more small and medium-sized businesses add complex applications to their portfolio.

The emergence of legacy systems and DevOps technologies is causing a significant shift in the application development and maintenance industry. This has helped increase the demand for services that manage the entire lifecycle of an application. Vendors are expected to benefit from industry collaborations, platform integration and strategic alliances as the industry matures. This will allow them to capitalise on market growth. It is expected that the industry will show a tendency toward commercial off-the shelf solutions, as well as efforts to expand geographic reach and client portfolio through both organic and inorganic growth.

Services Insights

This industry can be divided into support and maintenance, system integration, database management, consulting and modernization, as well as support and maintenance. The support and maintenance segment was the largest in terms of market share. This can be attributed both to large-scale demands from large companies and small and medium businesses.

The modernization market has seen a remarkable growth rate due to its shift towards web-based deployment, rapid digitalization and social media integration. The demand for application management consulting will also rise significantly over the forecast period.

Information on Deployment

Software as a Service (SaaS), has had a profound impact on not only customer perceptions and requirements, but also the purchasing decisions of CIOs. Cloud adoption is expected to grow in the future because of the ease with which SaaS can be adapted to changing business speeds, agility, better performance, and lower total cost of ownership. Cloud deployment acceptance will change as a result of changing business dynamics such as the need for shorter time-to-market or real-time incident management. Cloud services are expected to overtake the on-premise market, which, while offering greater security and customization, will lose ground.

Application Insights

Due to the importance of the operations and the complexity of the applications and functions, the banking, financial and insurance segments are the biggest adopters of application services on the market. The industry is under increasing pressure to cut costs and improve margins in a slow economy, which will fuel the shift to managed services.

In the next few years, the healthcare industry could show a greater propensity to application monitoring and management. This will be closely monitored by the public sector. Public-sector growth in application services is being driven by a lack of IT talent, expanding scope and a constant demand to keep up with technological changes.

Regional Insights

North America is expected to be the largest market in application services, due to its maturity in technological solutions and their implementation. A large market size is due to the proliferation of new technologies in the region such as cloud, digitalization, and social media analytics. Companies are also motivated by the high demand for IT cost reduction and the size of the outsourcing sector.

Due to growing demand from emerging countries like India and China, the Asia Pacific region will grow the fastest during the forecast period. It is also a favorable region for growth because of the presence of large vendors. The growth rate of the Middle East and African regions is expected to be similar to that of the Asia Pacific region. It is predicted to grow at 6.0% CAGR over the next few years.

Application Management Services Market Share Analysis

Many large technology companies are present in the industry, including Accenture plc and IBM Corp., Capgemini Group S.A. and Deloitte Touche Tohmatsu Ltd. Other prominent players include Tata Consultancy Services Ltd. and Atos SE.

Many large companies use mergers and acquisitions to increase their competitiveness. To expand its clientele and reach, Capgemini bought iGATE in 2015.

The Report Covers Market Segments

This report predicts revenue growth at the global, regional and country levels. It also analyzes the industry trends for each sub-segment from 2014 through 2025. Up Market Research has divided the market report on application management services by service, deployment, app, region, and purpose.

• Service Outlook (Revenue USD Million; 2014-2025)

  • System Integration

  • Support & Maintenance

  • Database Management

  • Consulting

  • Modernization

  • Other

• Deployment Outlook (Revenue USD Million; 2014-2025)

  • On-premise

  • Cloud

• App Outlook (Revenue USD Million; 2014-2025)

  • BFSI

  • Healthcare

  • IT and Telecom

  • Retail

  • Public Sector

  • Other

• Regional Outlook (Revenue USD Million; 2014-2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • China

    • Japan

    • India

  • South America

    • Brazil

  • Middle East & Africa (MEA)

Up Market Research published a new report titled “Application Management Services Market research report which is segmented by Service (System Integration, Support & Maintenance), By Players/Companies Support & Maintenance, Database Management, Consulting, Modernization, Others, System Integration, Service Outlook (Revenue USD Million; 2014 - 2025)System IntegrationSupport & MaintenanceDatabase ManagementConsultingModernizationOthers”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Application Management Services Market Report Segments:

The market is segmented by Service (System Integration, Support & Maintenance).

Application Management Services Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Application Management Services Market

Overview of the regional outlook of the Application Management Services Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Application Management Services Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Application Management Services Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. System Integration

                2. Support & Maintenance

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Application Management Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Application Management Services Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.