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Managed Application Services Market Outlook and Forecast - Analysis of Top Leading Players BMC Software, Inc., DXC.Technology Company, Fujitsu, HCL Technologies Limited, IBM

11-05-2018 08:02 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Managed Application Services Market Outlook and Forecast -

The global managed application services market was valued at $7,311 million in 2017 and is projected to reach at $16,441 million by 2025, growing at a CAGR of 10.8% from 2018 to 2025. Asia-Pacific is expected to grow at a 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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Surge in demand for end-to-end application hosting due to increased cloud infrastructure, need to improve and secure critical business applications and rise in sophistication level of application infrastructure drive the growth of the global managed application services market. In addition, increase in application complexity and in-house teams shifting away from legacy application support are expected to create lucrative opportunities for the growth of the market. However, risks associated with application data security are anticipated to hamper the market growth during the forecast period.

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

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.

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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.

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