Application Management Services Market Will Exhibit an Impressive Expansion by 2021-2030 | Dell Inc., Google LLC, Micro Focus

The global application management services industry size was valued at $17,120 million in 2020, and is projected to reach $94,786 million by 2030, registering a CAGR of 19.1% from 2021 to 2030.

Asia-Pacific is an emerging region for the application modernization services industry. Australia, China, Japan, and India are the major countries contributing to the growth of the application modernization services market in APAC. Due to the rise in internet traffic, adoption of cloud services, IT services start-up ecosystem, enterprises in this region are becoming more competitive, and are focusing on offering better customer experience services to industries. Thus, the untapped potential of the Asia-Pacific region is attracting investments by major companies. Most organizations are focusing on expanding their business operations in countries across the Asia-Pacific region, which is expected to increase demand for application management services industry.

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Consumer behavior has undergone a significant transformation in recent years, fueled by the rapid expansion of e-commerce and online purchasing options. This shift has been further accelerated by the COVID-19 pandemic, which prompted lockdowns and restrictions, leading to a surge in online shopping activity worldwide. During the pandemic, consumers increasingly turned to the internet to fulfill their buying needs, leading to a substantial increase in online retail sales. In the United States alone, e-commerce retailers experienced a significant sales boost of over 15%, highlighting the growing preference for online procurement of goods and services.

Similarly, European nations witnessed a remarkable uptick in online retail sales, with an increase of more than 30% compared to the previous year. This surge in e-commerce activity underscores the global trend towards digital commerce and the increasing reliance on online channels for shopping. The growing popularity of e-commerce has prompted organizations and enterprises to prioritize expanding their online service offerings. As businesses seek to capitalize on this trend and cater to evolving consumer preferences, they are turning to application management services vendors for assistance.

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Application management services vendors play a crucial role in helping companies better manage their applications and enhance the delivery of services to customers. By leveraging these services, organizations can optimize their online platforms, improve user experience, and streamline business operations to meet the growing demand for online services.

The burgeoning e-commerce trend is driving significant growth in the application management services market as businesses recognize the importance of enhancing their online presence and delivering seamless digital experiences to consumers. As organizations continue to invest in digital transformation initiatives, the demand for application management services is expected to remain robust, driving market growth in the coming years.

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Some of the key companies mentioned within the application management services industry are Amazon Web Services, Inc., Dell Inc., Google LLC, HCL Technologies, Infosys Limited, International Business Machines Corporation, Micro Focus, Oracle Corporation, SAP SE.

Table of Content:
Chapter 1 : INTRODUCTION
Chapter 2 : EXECUTIVE SUMMARY
Chapter 3 : MARKET OVERVIEW AND SCOPE
Chapter 4 : APPLICATION MANAGEMENT SERVICES MARKET, BY SERVICE
Chapter 5 : APPLICATION MANAGEMENT SERVICES MARKET, BY ORGANIZATION SIZE
Chapter 6 : APPLICATION MANAGEMENT SERVICES MARKET, BY END USE
Chapter 7 : APPLICATION MANAGEMENT SERVICES MARKET, BY REGION
Chapter 8 : COMPETITIVE LANDSCAPE
Chapter 9 : COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES

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