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Managed Application Services Market is Witnessing Phenomenal Growth - Analysis of Top Pioneers BMC Software Inc., DXC.Technology Company, Fujitsu, HCL Technologies Limited, IBM Corporation, Navisite
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The global managed application services market was valued at $7,311 million in 2017 and is projected to reach $16,441 million by 2025, growing at a CAGR of 10.8% from 2018 to 2025. Asia-Pacific is expected to grow at the highest CAGR, owing to the growing number of small- & medium-sized businesses and rising demand for managed application services from the BFSI sector.
Based on service type segment, the application hosting services segment led the managed application services market in 2017. However, the application infrastructure services segment is expected to witness the highest growth, owing to its increased need of managed application services to provide reliable services for middleware infrastructure.
Comprehensive and Competitive Analysis of Dominating Market Players
•BMC Software, Inc.
•DXC.Technology Company
•Fujitsu
•HCL Technologies Limited
•International Business Management (IBM) Corporation
•Navisite (Spectrum Enterprise)
•Rackspace
•Virtustream
•Wipro Limited
•YASH Technologies
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The global managed application services market was led by the web-based application services in 2017 and is projected to maintain its dominance during the forecast period. However, the mobile-based application services are anticipated to witness the fastest growth, registering a CAGR of 13.5% during the forecast period.
Analyst Says,
Asia-Pacific is expected to grow at the highest CAGR, owing to growing number of small- & medium-sized businesses and rising demand for managed application services from the BFSI sector.
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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 to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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