NEW YORK, Feb. 19, 2018 /PRNewswire/ -- The
increasing degree of business risks posed by application
vulnerabilities is expected to drive the growth of the managed
application services market
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The managed application services market size is estimated to be
USD 2.02 billion in 2017 and is
expected to reach USD 5.54 billion by
2022, at a Compound Annual Growth Rate (CAGR) of 22.4% during the
forecast period.
The major factors driving the growth of the managed application
services market include the increasing demand for end-to-end
application hosting services and the rising sophistication level of
application infrastructure. However, concerns for application data
secuirty and lack of trust on third party service providers are
expected to limit the market growth in the coming years
Operational services segment is expected to have the largest
market share during the forecast period
The operational services segment is expected to have the largest
market share during the forecast period, as it is important for
organizations to run their business applications smoothly. The
operational services are responsible for the overall performance
and operation of all critical business applications. Additionally,
small downtime in organization's applications can lead to huge
losses. Hence, organizations across the globe are investing heavily
on operational services
Mobile applications segment is expected to grow at a higher CAGR
during the forecast period
The mobile application type is expected to grow at a higher rate,
due to its increasing adoption and deployment of applications in
the mobile environment. Organizations are well versed with the
business benefits that are generated by mobile applications.
Furthermore, the availability of cloud-based, enterprise-grade
mobile applications is said to be gaining traction among Small and
Medium-sized Enterprises (SMEs), due to their cost-effectiveness
and lesser maintenance charges. Hence, in the coming years, the
demand for mobile application services is expected to increase
APAC is expected to grow at the highest rate during the forecast
period
As per the regional analysis, Asia
Pacific (APAC) is expected to grow at the highest CAGR
during the forecast period, as most of the companies in APAC are
encouraging the extensive adoption of mobile applications.
Furthermore, this region comprises a large number of SMEs that have
limited IT budget and IT staff. Governments in this region are also
adopting the mobile-first strategy to provide better citizen
services that would spur the market of managed application services
during the forecast period.
The break-up profiles of the primary discussion participants are
given below:
• By Company Type: Tier 1 (40%), Tier 2 (35%), and Tier 3 (25%)
• By Designation: C-Level (45%), Director Level (30%), and Manager
Level (25%)
• By Region: North America (35%),
APAC (30%), Europe (20%), and RoW
(15%)
The following key managed application services market vendors
are profiled in the report:
BMC Software (US), CenturyLink (US), Fujitsu (Japan), HCL (India), IBM (US), SMS Management &
Technology (Australia), Unisys
(US), Virtustream (US), Wipro (India), YASH Technologies (US), Mindtree
(India), and Navisite (US).
Research Coverage
The global managed application services market has been segmented
by service, application type, vertical, organization size, and
region. A detailed analysis of the regions has been done to provide
insights into the potential future business opportunities across
major regions. In addition to this, the strength of service
portfolio and business strategy excellence are some of the other
MarketsandMarkets analysis included in the report.
Reasons to Buy the Report
The report will help the market leaders/new entrants in the
managed application services market in the following ways:
1. The report segments the managed application services market
comprehensively and provides the closest approximations of the
revenue numbers for the overall market and subsegments across
different regions.
2. The report helps the stakeholders understand the pulse of the
market and provides them with information on the key market
drivers, restraints, challenges, and opportunities.
3. The report helps the stakeholders understand the competitors and
gain more insights to better their position in the market.
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