The report of Global Application Management Services Market by service (application portfolio assessment, application modernization, application security, application maintenance and support and application managed services), organization size (small and medium-sized enterprises and large enterprises), application (banking, financial services, and insurance, telecom and it government, retail and ecommerce, healthcare and life sciences, manufacturing, energy and utilities and others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Bn by 2027, at a CAGR of 35.10% during a forecast period.
The large enterprises segment is expected to contribute XX% share in the global application management services market.
The large enterprises segment is expected to share XX% growth in the global market. The segments have a large application management services demand because of the requirement to reduce the high Capital Expenditure (CAPEX) and Operating Expenditure (OPEX).Large enterprises have dedicated in-house IT resources and larger IT budgets that are expected to deploy a variety of application management strategies.
North America held dominant position in the global application management services market.
By region, global application management services market is segmented into the North America, Europe, Middle East & Africa, South America, and Asia Pacific. Among these, North American region is expected to contribute XX% share in the application services demand.An increase in adoption of the emerging technologies in the region like cloud, social media, analytics, and digitalization is expected to boost the regional market growth.In addition, the presence of the large size of outsourcing industry and high pressure for reducing IT costs are compelling key players to look for alternative ways to control spending. On the other hand, Asia Pacific region is projected to grow at XX% rate of CAGR during the forecast period because of the demand from developing countries like China and India. The existence of many large vendors in the region is expected to propel the market growth.
Key players operating in the Global Application Management Services Market includes Accenture plc, Computer Science Corp., IBM Corp., Trianz Inc., Atos S.E., Tata Consultancy Services Ltd., NTT Data Corp., Infosys Ltd., Deloitte Touche Tohmatsu Ltd., Cognizant Technology Solutions Corp and Capgemini Group S.A.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in theMarket. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
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