Growing demand for end-to-end application hosting, the need to improve & secure critical business applications, migration of applications and workload on cloud, surge in hybrid model adoption, and increase in demand for outsourcing of repetitive application maintenance tasks such as deploying patches and upgrades, monitoring of applications, are the major factors that drive the growth of the managed application services market.
However, high risk associated with application data security is expected to impede the growth of this market. On the others hand, rise in complexity level of applications is expected to provide lucrative opportunities for the market growth.
According to the report, the global managed application services market was valued at $7.31 billion in 2017, and is projected to reach $16.44 billion by 2025, growing at a CAGR of 10.8% from 2018 to 2025.
Download Sample Report (Get Full Insights in PDF – 233 Pages) at: https://www.alliedmarketresearch.com/request-sample/5051
Based on service steps, the application hosting segment accounted for more than one-third of the total share in 2017, and is estimated to maintain its lead position in terms of revenue during the forecast period. However, the application infrastructure segment is estimated to register the highest CAGR of 13.2% from 2018 to 2025.
On the basis of application types, the web-based application segment held more than two-thirds of the total market share in 2017, and is estimated to maintain its dominant position during the forecast period. However, the mobile based applications segment is estimated to register the highest growth with a CAGR of 13.5% from 2018 to 2025.
On the basis of industry verticals, the BFSI segment accounted for more than one-fourth of the total share in 2017, and is estimated to maintain its lead status during the forecast period. However, the retail sector is estimated to register the highest CAGR of 14.6% through 2025.
In terms of region, North America held nearly half of the total share in 2017, and is estimated to maintain its dominant share during the forecast period. However, Asia-Pacific is estimated to portray the highest CAGR of 13.3% during the forecast period.
Leading market players discussed in the report are BMC Software, Inc., DXC.Technology Company, Rackspace US, Inc., HCL Technologies Limited, Fujitsu, Wipro Limited, International Business Management (IBM) Corporation, Virtustream, Navisite (Spectrum Enterprise), and YASH Technologies.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5051
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.
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.
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 company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on: LinkedIn Twitter