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Managed Application Service Market to 2025 ( 10.8% CAGR Expected) Top Key Players Profiles BMC Software,DXC.Technology Company,Fujitsu,HCL, IBM, Spectrum Enterprise, Rackspace, Virtustream, Wipro Limited, YASH Technologies
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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.
Key Impacting Factors (Drivers and Restraints)
•Increase in demand for end-to-end application hosting
•Need to improve and secure critical business applications
•Increase in application complexity
•Risks associated with application data security
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.
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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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