According to a recent report published by Allied Market Research, The global application management services industry size was valued at $17,120 million in 2020, and is projected to reach $94,786 million by 2030, registering a CAGR of 19.1% from 2021 to 2030.
Consumer trends have been evolving over the last few decades, and in recent years with a considerable transition toward online procurement of goods and services. During the COVID-19 lockdowns, the world saw an increase in consumer internet buying needs.
E-Commerce retailers noticed their sales rose by more than 15% in the United States alone. Furthermore, compared to the previous year, online retail sales in European nations climbed by more than 30% than in 2019.
Download Sample Report (Get Full Insights in PDF – 320 Pages) at: https://www.alliedmarketresearch.com/request-sample/6063
This growing e-commerce trend is motivating many organizations and enterprises to expand their online services portfolio, which is expected to drive the application management services market analysis as companies employ application management services vendors to help them better manage their applications and provide better services to their customers.
In 2020, the global application management services market size was dominated by the Application Portfolio Assessment, and is expected to maintain its dominance in the upcoming years. Increasing adoption of advanced software functionalities in business applications to increase business efficiency is expected to drive the growth of the application modernization services market. Companies are investing in advanced technologies to maintain their technological growth with changing customer demands.
For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/6063
Within the application management services market trends, application security segment is estimated to emerge as fastest growing segment, Mobile and cloud-based computing technology have drastically changed the business scenario.
Currently, most of the company use software applications to carry out their business process, for example, the company’s such as Amazon highly depend on online websites and mobile applications to sell a wide range of products to consumers.
Strong in-app consumer spending, high smartphone penetration, and a relatively greater number of mobile application downloads have collectively ensured a high market share. The U.S. is expected to emerge as a lucrative market for mobile games application in terms of in-app payment, paid mobile games, and rapidly increasing user base of mobile apps in the country.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/6063
Some of the key companies mentioned within the application management services industry are Accenture plc, Amazon Web Services, Inc., Dell Inc., Google LLC, HCL Technologies, Infosys Limited, International Business Machines Corporation, Micro Focus, Oracle Corporation, SAP SE.
Key Findings Of The Study
- By service, in 2020, the application portfolio assessment is expected to be the major shareholder. However, application security is expected to witness highest growth rate during the forecast period.
- On the basis of organization size, the SME accounted for the highest revenue in 2020, however, the large enterprise is expected to witness highest growth rate during the forecast period.
- Depending on end use, the IT and Telecom accounted for the highest revenue in 2020, however, the healthcare segment is expected to witness highest growth rate during the forecast period.
- Region wise, the application management services market trends was dominated by North America. However, Asia Pacific is expected to witness significant growth in the upcoming years.
LIMITED-TIME OFFER – Buy Now & Get Exclusive Discount on this Report
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.
Similar Reports:
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 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.
Contact:
David Correa
5933 NE Wi
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300n Sivers Drive
#205, Portland, OR 97220
United States
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