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Application Management Services Market Analysis, Trends, Growth, Research And Forecast 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Application Management Services Market Size, Growth Rate, And Forecast
The global application management services market size grew from $27.72 billion in 2022 to $32.83 billion in 2023 at a compound annual growth rate (CAGR) of 18.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The application management services market size is expected to grow to $63.93 billion in 2027 at a CAGR of 18.1%.
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Application Management Services Market Drivers
The high demand for mobile apps is expected to propel the growth of the application management services market. Mobile apps refer to the kind of software intended for use on a mobile device, like a tablet or smartphone. Application management services help mobile apps provide and control access to internally developed and commercially available mobile apps used in business settings.
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Application Management Services Market Segments
• By Services Type: Application Portfolio Assessment, Application Security, Application Modernization, Web and Mobile, Cloud Application Migration, Other Service Type
• By Deployment Type: On Premise, Cloud
• By Organization Size: Small and Medium Enterprises, Large Enterprises
• By Industry Vertical: Telecom and Information Technology (IT), Banking, Financial Services and Insurance (BFSI), Healthcare, Retail and eCommerce, Government and Defense, Manufacturing, Other Industry Vertical
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the application management services market.
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Application Management Services Market Key Players
Major competitors in the application management services market include Fujitsu Limited, IBM Corporation, DXC Technology, HCL Technologies, Wipro Limited, Atos, Capgemini SE, Cognizant, Tech Mahindra.
The Business Research Company's "Global Application Management Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Application Management Services Market Include:
1. Executive Summary
2. Application Management Services Market Characteristics
3. Application Management Services Market Trends And Strategies
4. Application Management Services Market - Macro Economic Scenario
5. Application Management Services Market Size And Growth
……
26. Africa Application Management Services Market
27. Application Management Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Application Management Services Market
29. Application Management Services Market Future Outlook and Potential Analysis
30. Appendix
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