Application Management Services Market and Projected to Reach US$ 27.83 Billion Growing at CAGR 21.2% to 2022

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The Application Management Services Market size is expected to grow from US$ 10.67 Billion in 2017 to US$ 27.83 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period. The need for business agility and accelerated time-to-market, and adoption of cloud computing are some of the major drivers that are expected to increasing the demand for application management services.

“Application security services segment is expected to grow at the fastest rate during the forecast period”
The application security services segment is expected to witness the highest growth rate during the forecast period, as the vulnerabilities have become more complex and sophisticated, the demand for the application security segment is also expected to increase, to cater to the challenges posed by these threats.

“Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period”
As per the geographic analysis, the APAC region is expected to witness the fastest growth in the application management services market, due to the increased adoption of application management services and cloud computing. Companies in this region are migrating their core business applications to new cloud platforms to save the cost.

The break-up profiles of the primary discussion participants are given below:
• By Company Type: Tier1 (40%), Tier2 (35%), and Tier 3 (25%)
• By Designation: C-Level (45%), Director Level (30%), and Manager Level (25%)
• By Region: North America (35%), APAC (30%), Europe (20%), and RoW (15%)

Study Objectives:

• To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)

• To determine and forecast the global application management services market by services, organization size, verticals, and regions from 2017 to 2022, and analyze various macro and microeconomic factors that affect the market growth

• To analyze each submarket with respect to individual growth trends, prospects, and contributions to the total application management services market

• To analyse opportunities in the market for stakeholders by identifying high-growth segments of the application management services market

• To profile the key market players, provide comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market

• To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities in the market

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Top Key Players in the “Application Management Services Market” include are Accenture (Republic of Ireland),Atos (France),DXC (US),HCL (India),IBM (US),Capgemini(France),Cognizant (US),Fujitsu (Japan),Tech Mahindra (India),Wipro (India).

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