An Incisive, In-depth Analysis on the Application Management Services Market
This study offers a comprehensive, 360 degree analysis on the Application Management Services market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Application Management Services market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
An application management service is a type of framework that outsources management by way of a customized, well-defined set of policies, processes, procedures, templates, and standards. Application management services are provided by a number of different organisations to companies that need such services. The organizations that agree to provide this service typically have an expertise in the IT sector or in similar applications for companies in the same line of business. Application management specialists are vital in helping overcome challenges by improving the performance of applications and achieving better business results. The application management services market is estimated to be worth just under US$ 90 billion by end 2022.
Close Battle Between System Integration Management and Application Outsourcing
The application outsourcing management and system integration management segment have a similar revenue share in the application management services market with the former edging slightly ahead. The application outsourcing management segment is anticipated to have a value of almost US$ 20.5 billion by the end of the forecast period. North America is critical in the application outsourcing management segment. The CAGR in the system integration management segment is much lower in comparison and it is poised to lose market share for the foreseeable future. Along with North America, companies would do well to target Europe in the system integration management segment of the application management services market.
Application Modernization and Application Testing Key for Success
Applications need to be constantly updated to ensure that they have all the latest functions and capabilities post which testing is imperative. The application modernization has a revenue share of approx. a sixth of the services type segment in the application management services market at the end of 2017 and should gain substantial share going forward. The application modernization is predicted to record an exponential growth rate in excess of 10% from 2017 to 2022, making it very lucrative indeed. Application testing has a smaller revenue share but is equally if not more important than application modernization to ensure that any and every bug is nipped in the bud. Companies involved in application testing would do well to target North America and Europe as both regions are the largest in the application testing management segment by a considerable margin.
Cloud Application Future of the Application Management Services Market
It is not a question of if but when cloud application services become commonplace in both the developed and developing world. Improving Internet connectivity and the plummeting prices of smartphones are largely responsible for the shift towards cloud computing. The cloud application segment has a revenue share approaching a fifth of the application management services market by service type segment. The North America cloud application segment is expected to push past a value of US$ 5 billion by end 2022, ensuring its pre-eminence in the application management services market. However, a higher CAGR is projected in both APEJ and Japan with the latter on track to outpace the former by the end of the forecast period.
Competitive Dashboard in the Application Management Services Market
Future Market Insights has profiled a few of the companies involved in the application management services market. These include Accenture PLC, IBM Corporation, NTT DATA Corporation, Capgemini SE, HCL Technologies, CA Technology Inc, Infosys Limited, Wipro Limited, Hexaware Technologies Limited, and KPIT Technologies Limited.
The IT landscape in the 21st century is ever-changing and companies need to stay abreast of the latest technologies or risk falling drastically behind. The cost to maintain IT services is higher than ever and application management services are the need of the hour. Application management service specialists can help companies achieve better results by improving performance of their core applications. Future Market Insights in its upcoming report titled ‘‘Application Management Services Market: Forecast, Trend Analysis & Competition Track – Global Review 2017 to 2022’ has undertaken an in-depth study of the application management services market. The application management services market is evaluated taking into account all of its unique aspects and it has been accurately analysed for the five-year forecast period ending in 2022.
Application Management Services Market Taxonomy
The first chapters of the application management services market report include the executive summary and the introduction. The executive summary is concise yet comprehensive and it can be expected to deliver all the necessary information in an easy-to-understand format. The executive summary can be read in tandem with the introduction that comprises the definition and the taxonomy of the application management services market. These chapters are ideal for readers wishing to gain a grassroots level understanding of the application management services market.
Key metrics such as Y-o-Y growth, CAGR, and incremental and absolute dollar opportunity have been relied on to extract all the quantitative data concerning the application management services market. A close look at the supply chain has examined the intricate relationship that exists between different nodes and further highlighted the cost and pricing structure in the application management services market. A list of market participants in terms of attractiveness and intensity concludes this chapter of the application management services market report.
The application management services market is assessed based on the services type, industry, and region. Every segment has a section in the application management services market report that highlights market share, Y-o-Y growth comparisons and regional revenue statistics. For companies that seek to target a specific industry or services type, this chapter in the application management services market can prove critical. There is an equal emphasis on both emerging and developed regions in the application management services market report. Revenue figures for the most important countries in each and every region are provided herein on the basis of the taxonomy.
Competition analysis is vital for every company and this could not be truer than in the application management services market. The competition landscape has included a company overview, financial ratios, long and short-term strategies, and developments that impact the application management services market. A competitive SWOT analysis can be beneficial in understanding the immediate competition and gaining an upper-hand over them.