The "Application Management Services Market by Service (Application Portfolio Assessment, Application Modernization, Application Maintenance and Support, and Application Managed Services), Organization Size, Vertical, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The application management services market size is expected to grow from USD 10.67 Billion in 2017 to USD 27.83 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.2%.

The major drivers of the market include increasing the need for business agility, accelerated time-to-market, emergence of BYOD, and proliferation of mobile apps demanding robust mobile app management services.

North America is expected to hold the largest market share, due to the presence of renown application management services providers, and stringent data security regulations and compliance. These enterprises are modernizing their legacy applications and migrating to cloud environment.

Asia Pacific (APAC) is expected to witness the highest growth rate in the application management services market during the forecast period, due to the increased adoption of application management services and cloud computing. Companies in this region are migrating their core business applications to new cloud platforms to save cost.

The major factor that is expected to limit the growth of the application management services market is the rising concern over application data security.

Market Dynamics

Drivers

  • Increasing Need for Business Agility and Accelerated Time-to-Market
  • Cloud Computing, a Major Component of the Application Management Strategy
  • Emergence of BYOD and Proliferation of Mobile Apps Demand Robust Mobile App Management Services

Restraints

  • Application Data Security is a Major Concern for Enterprises

Opportunities

  • Existence of a Large Number of Legacy Applications, Offering Huge Revenue Opportunities
  • Open-Source Technology Would Pave the Way for Untapped Possibilities

Challenges

  • Application Management, a Time-Intensive Process
  • Architectural and Operational Complexities
  • High Investments in Application Security Offset the IT Applications Budget

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Application Management Services Market, by Service

7 Application Management Services Market, by Organization Size

8 Application Management Services Market, by Vertical

9 Application Management Services Market, by Region

10 Competitive Landscape

11 Company Profiles

  • Accenture
  • ATOS
  • Capgemini
  • Cognizant
  • DXC
  • Fujitsu
  • HCL
  • IBM
  • Tech Mahindra
  • Wipro

For more information about this report visit https://www.researchandmarkets.com/research/qz2vx8/global?w=4