Press release
Managed Application Services Market to Reach $16,441 Million by 2025, Fueled by Rapid Digital Transformation Initiatives
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Key Findings Of TheGlobal Managed Application Services Market :
► The application infrastructure services segment is expected to exhibit significant increase in terms of revenue during the forecast period.
► In 2017, the large enterprises segment accounted for the highest revenue according to organization size segment.
► The BFSI industry vertical generated the highest revenue in 2017.
► Asia-Pacific is projected to exhibit substantial growth during the forecast period.
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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.
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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Key Market Players:
► BMC Software
► Rackspace US
► DXC Technology Company
► Fujitsu
► HCL Technologies Limited
► International Business Management (IBM) Corporation
► Wipro Limited
► Navisite (Spectrum Enterprise)
► Virtustream
► YASH Technologies
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