Managed Application Services Market Along With Covid-19 Impact Reviews and Analysis 2020 Along With Study Reports 2025 | Fujitsu Limited, IBM Corporation, CenturyLink, Inc.

Managed Application Services Markets - Growth, Trends, and Forecast (2020 - 2025)

The Managed Application Services Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Managed Application Services market report provides information regarding market size, share, trends, growth, cost structure, Managed Application Services market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2025.

The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. This report also includes the overall and comprehensive study of the Managed Application Services market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Managed Application Services industry and provides data for making strategies to increase market growth and effectiveness.

Scope of the report:

The report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.

The managed application services market was valued at USD 3.08 billion in 2019, at a CAGR of 18.23% over the forecast period from 2020 to 2025.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Managed Application Services Market: Fujitsu Limited, IBM Corporation, CenturyLink, Inc., HCL Technologies Limited, Wipro Limited, Mindtree Limited, Virtustream, Inc., Unisys Corporation, and others.

Key Market Trends

IT and Telecom is Expected to Hold Major Share

- The IT and telecom sector is a significant market for the managed application services, due to the high rate of various technological adoptions, increased frequency of confirmation of the BYOD policy, an increased need for high-end security due to the rapidly growing data among the organizations. The telecom industry has observed extensive growth during the past few years. Telecommunication companies are encountering constant pressure to deliver innovative services at lower costs to retain their customers in the competitive market.

- According to the 2019 SD-WAN Managed Services Survey, 64% of the surveyed network and IT managers are planning to add an SD-WAN managed service in the next two years. This is because the end-users believe it will deliver better security, improved cloud application performance, and flexible management. This demand is encouraging IT and Telcom service providers to purchase hardware, software, and regular administration of their networks from a third party. Many of the SD-WAN managed service providers are differentiating themselves with a wide range of security offerings

- According to Hazlecast Infinity Data report in collaboration with Intel, IT decision-makers identified cloud application performance (40%) as the number one opportunity to unlock profits, with financial services (49%), telecommunications (42%) and e-commerce (40%) ranking it the highest among verticals surveyed. However, security (97%) and performance (90%) were cited as two of the top challenges when migrating to the cloud.

- In March 2020, Hazelcast announced the availability of Hazelcast Cloud Enterprise on Amazon Web Services (AWS), a low-latency deployment of Hazelcast software as a managed service designed to improve the performance, security, and ease of management of cloud-based applications. Featuring built-in protection and a cloud-agnostic architecture, Hazelcast Cloud Enterprise exceeds the speed, scale, safety, and high-availability capabilities of existing commoditized cloud data store services large-scale enterprise deployments.

North America is Expected to Hold Major Share

- The North American Managed Application Services market is growing due to the changing IT infrastructure landscape, especially in small and medium enterprises (SMEs), who are continually focusing on outsourcing cybersecurity solutions. For instance, Kpaul Properties LLC, one of the emerging manufacturers and distributors of IT supplies in the United States, onboarded FUJITSU to replace physical servers with a virtualized environment. This has reduced the company’s cost by 15% and delivered 95% uptime. With the speedy acceleration of modern technology and the need for streamlined IT functions, an increasing number of businesses in the region find the best way to keep pace with MSP.

- Besides, Canada is witnessing a high rise in the application of multi-Cloud environments and increased adoption of automation. In the region, Cloud, mobile, and social technologies demand that businesses take a proactive approach towards IT security, thus boosting the demands for the deployment of robust managed services that would deliver in all security management layers. Unified Communications as a Service and related Contact Center as a Service market represent a business opportunity for managed service providers. This is because emerging players offer innovative cloud-based solutions, which require a minimum investment and are easy to deploy.

- In November 2019, Rackspace, an American managed Cloud computing company, announced that it has agreed to acquire Onica, an Amazon Web Services (AWS) Partner Network (APN) Premier Consulting Partner and AWS Managed Service Provider. This acquisition brings Onica’s innovative professional services capabilities, including strategic advisory, architecture, and engineering, and application development, to the Rackspace portfolio, complementing its existing managed cloud services capabilities. Rackspace’s hybrid cloud portfolio enables enterprises to leverage a wide range of technical enhancements, from IT security to software development.

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Influence of the Managed Application Services market report

- Comprehensive assessment of all opportunities and risks in the Managed Application Services market.

- Managed Application Services market recent innovations and major events.

- A Detailed study of business strategies for the growth of the Managed Application Services market-leading players.

- Conclusive study about the growth plot of the Managed Application Services market for forthcoming years.

- In-depth understanding of Managed Application Services market-particular drivers, constraints, and major micro markets.

- Favorable impression inside vital technological and market latest trends striking the market report.

What are the market factors that are explained in the report?

- Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

- Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

- Analytical Tools: The Managed Application Services Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Find out:

Managed Application Services Market: Where are the opportunities? What does the future look like for the Managed Application Services Market? What will be the market size in the next 5 years?
Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are RO and new brine concentration technologies shaping the market? What are the new revenue channels which companies can explore for growth?

If you have any questions about any of our “Managed Application Services Market Report” or would like to schedule a personalized free demo of the Managed Application Services market report, please do not hesitate to contact me at irfan@marketinsightsreports.com.

Note - All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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