Rise in next-gen tech integration in modern business applications and ease in load of modern business operations drive the growth of the global application management services market.
Download Sample Report (Get Full Insights in PDF – 221 Pages) at: https://www.alliedmarketresearch.com/request-sample/9928
However, plastic nature of application management services and data safety & privacy concerns hinder the market growth. On the other hand, advent of consumer trends presents new opportunities in the coming years.
Based on organization size, the SMEs segment accounted for the largest share in 2020, contributing to nearly three-fifths of the global application management services industry, and is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the largest CAGR of 19.3% from 2021 to 2030, owing to increase in cyber threats at the network point and rise in BYOD policies.
Based on vertical, the BFSI segment held the highest market share in 2020, accounting for nearly one-third of the global application management services market, and is estimated to maintain its leadership status throughout the forecast period. This is due to the use of internet-based security solutions.
Moreover, the government segment is projected to manifest the highest CAGR of 20.5% from 2021 to 2030. For the government sector in particular, the pressure to modernize has grown. This led to fastest growth rate of the segment.
Based on region, North America held the highest market share in terms of revenue in 2020, accounting for nearly two-fifths of the global application management services market. This is due to strong in-app consumer spending, high smartphone penetration, and a relatively greater number of mobile application downloads.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/9928
Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 21.8% from 2021 to 2030. Asia-Pacific is an emerging region for the application modernization services market.
Australia, China, Japan, and India are the major countries contributing to the growth of the application modernization services market in APAC.
The key market players analyzed in the global application gateway market report include Aculab, Microsoft Corporation, Akamai Technologies, Citrix Systems, Inc., Barracuda Networks, Inc., Forcepoint, F5, Inc., Zscaler, Inc., Palo Alto Networks, and SAP SE. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
Thanks for reading this article; you can also get an individual chapter-wise section or region wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Similar Reports:
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter