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Application Management Services Market Overview:
Business organizations generally maintain IT applications to drive their business operations and application services, these application services are creating a huge demand from the end-users. Application Management Services (AMS) facilitate and support business organizations to maintain high levels of service quality and fulfil the demand for rapidly increasing innovation in the market. AMS also help to restore existing application service operations and lower negative business impact. The AMS facilitates a cost effective service solution for the business organization to stabilize their existing services and transform into applications innovation and enhancement.
There are many companies in market, such as IBM, Cap Gemini, Infosys, Dell Inc., Cognizant, and others, which provide application management services. Additionally, the Application Management Services Market is also witnessing partnerships, collaborations, and agreements that contributing to the growth of the market. For instance, on January 2018, HCL technologies, one of the leading global IT services company, signed an IT infrastructure services and application management contract with Cadent, an U.K based gas distribution network. By this contract, HCL will provide support services to Cadent’s business operations, which distributes gas to 11 million homes and business units in different parts of the U.K region, namely North West, Midlands, East, and South East of England.
The application management services market is categorized into service-type, organization size, deployment, and end-user.
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Major Key Players:
Market research future identifies some of the key players of Application Management Services market are Accenture (Ireland), Atos(France), Infosys(India), Oracle Corporation (U.S.), SAP SE (Germany), Deloitte (U.S.), Dell Inc. (U.S.), Optimum Solutions (Singapore), Neoris (U.S), Sierra-Cedar, Inc. (U.S.), Capgemini (France), Cognizant (U.S.), Fujitsu (Japan), DXC (U.S.), HCL (India), IBM (U.S.), Wipro (India), and Tech Mahindra (India).
Geographically, the Application Management Services is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.
North America is presumed to have a significant growth in the application management services market. The United States and Canada are the leading countries in the region. This is due to presence of large number of service providers in the region. Europe is also expected to have a substantial growth in the market. The United Kingdom, France, and Germany are expected to be leading countries due to the increase in adoption of cloud services. Asia Pacific is also anticipated to be the fastest growing region in the AMS market over the forecast period. India, Japan, and China are the leading countries in the application management services market. This is attributed to increased investment from advance economies to boost small and medium business organization.
The service-type of the application management services market is differentiated into system integration, support & maintenance, database management, consulting services, modernization services, and others. On the basis of deployment, the market consists of on-premises and on-cloud. Based on the organization size, the market is divided as large enterprises and Small & Medium Enterprises (SMEs). Furthermore, large enterprises are acquainted with well advanced IT resources and can readily increase their IT budgets for engaging numerous application management strategies. Whereas, the small and medium-sized enterprises are expected to adopt the lift-and-shift migration strategy that eventually lead to lower their operational expenditure and enhance their business efficiency which is anticipated to be one of the driving factors for the SME sector over the next few years.
Furthermore, on the basis of end-user, the market is segregated into BFSI, IT & telecom, manufacturing, healthcare, government, retail & e-commerce, healthcare & life science, energy & utilities, and others.
According to Market Research Future analysis, Application Management Services market has been valued at approximately USD 35 billion growing with a 22% CAGR during the forecast period 2017-2023.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
Table1 World Population By Major Regions (2017 To 2023)
Table2 Global Application Management Services-Type Market: By Region, 2017-2023
Table3 North America Application Management Services-Type Market: By Country, 2017-2023
Table4 Europe Application Management Services-Type Market: By Country, 2017-2023
Table5 Asia Pacific Application Management Services-Type Market: By Country, 2017-2023
List of Figures
Figure 1 Global Application Management Services-Type Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis Of Global Application Management Services-Type Market
Figure 4 Value Chain of Global Application Management Services-Type Market
Figure 5 Share of Global Application Management Services-Type Market In 2017, By Country (In %)
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Keywords: Application Management Services Market, Global Application Management Services Market, Application Management Services Market Trends, Application Management Services Market Size, Application Management Services Market Segments, Application Management Services Industry