Application Management Services Market 2020 - Empowering Future Innovation in Corporation Industry | IBM Corporation, Infosys Limited, Accenture plc, Wipro Limited, Tata Consultancy Services Limited

Application management services can be referred as the service of enterprise application management provided by various organizations to companies that need to outsource their enterprise application management processes. It involves maintenance, change, and support for applications throughout the application lifecycle. This service is outsourced to various organizations that have expertise in application management. It is aimed to achieve cost reduction, quality improvement, secure compliance, and increased agility. With the increase in mobile devices, the number of mobile applications is also on the rise, which in turn fueled the demand for application management and support services to manage applications over diverse platforms. Many companies are now shifting toward cloud computing, the adoption of application management and support services is on the rise to help migrate efficiently and increase agility. These factors are expected to boost the adoption of the application management service, which in turn is expected to fuel growth of the global application management service market during the forecast period.

Increase in the use of BOYD(bring your own device) in companies, high demand for mobile apps, and robust mobile app management services are the major factors driving the growth of the global application management services market. In addition, increase in the use of cloud computing and companies seeking to derive value from mobility, cloud, analytics, social computing and cognitive computing technologies fuels the growth of the global application management services market. However, rise in concerns regarding application data security hamper the growth of the global market. Furthermore, rise in adoption of open source technology and existence of large number of legacy applications are anticipated to provide major opportunities in the global application management services market.

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The global application management service market is segmented based on service, organization size, industry vertical, and region. In terms of service, the market is classified into application modernization, application security, application portfolio assessment, application managed services, and others. Based on organization size, the market is bifurcated into large organization and small & medium organization. As per industry vertical, the market is categorized into BFSI, retail and E-commerce, IT & telecom, education, healthcare, manufacturing, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the global application management service market analysis are IBM Corporation, Infosys Limited, Accenture plc, Wipro Limited, Tata Consultancy Services Limited, Capgemini SE, Fujitsu Ltd., Atos S.p.A., Larsen & Toubro Limited, and Tech Mahindra Limited.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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