Managed Application Services Market Outlook Research Report, Trends, Growth and Scope By Forecast 2024 - 2032 | IBM Corporation, Capgemini SE

The Managed Application Services Market is Valued USD 15.7 billion by 2024 and projected to reach USD 102.7 billion by 2032, growing at a CAGR of 23.20% During the Forecast period of 2024-2032. Managed Application Services, commonly referred to as MAS, is a support agreement that allows companies to allocate a set number of service hours each month from their provider to enhance the team's support. Managed application services leverage the knowledge of a managed service provider to ensure the efficient administration of an organization's essential applications. The effective execution of managed services is expected to reduce IT expenses by 25-45% and enhance operational efficiency by 45-65%. Managed services offer numerous benefits that have proven to enhance the company's growth as they enable them to focus on their core areas of expertise.

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The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.

Top companies covered in this report: IBM Corporation, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, Wipro Limited, HCL Technologies Limited, Tata Consultancy Services Limited, NTT Data Corporation, Fujitsu Limited, DXC Technology Company, Atos SE, Tech Mahindra Limited, Deloitte Touche Tohmatsu Limited, Mindtree Limited, and Others.

Industry News:

April 2022- Fujitsu announced the introduction of its new service portfolio, "Fujitsu Computing as a Service (CaaS)," by providing access to some of the most cutting-edge computing technologies via the cloud for commercial usage to accelerate digital transformation (DX) and empower businesses internationally. The new service includes cutting-edge computing tools, including Fugaku, the world's fastest supercomputer, Fujitsu's quantum-inspired Digital Annealer technology, and software tools that let a variety of users employ AI and machine learning to solve problems.

February 2022- Fujitsu successfully developed new software virtualized radio access network (vRAN) technology with support for 5G Standalone (SA) and will make it available for testing by telecom providers starting in March 2022. The newly developed vRAN technology resolves one of the main issues with conventional brands, giving a great performance with low energy consumption by utilizing Fujitsu's AI and quantum-inspired "Digital Annealer" technologies to maximize computing resources.

Managed Application Services Market Segmentation:

By Service Type
Application Development
Application Maintenance
Application Modernization
Application Testing and Quality Assurance
Application Consulting

By Deployment Mode
On-Premises
Cloud

By Application
Web-Based Application
Mobile Application

By Organization Size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises

By Vertical
Banking, Financial Services, and Insurance (BFSI)
Healthcare
IT and Telecom
Retail
Manufacturing
Others

Regional Analysis

North America (USA and Canada)
Europe (UK, Germany, France and rest of Europe)
Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)

North America has established itself as the dominant market for managed application services globally. The region accounts for the largest share owing to a strong presence of major technology companies and digital transformation initiatives among enterprises. The U.S. hosts offices and delivery centers of leading service providers and offers a large customer base from diverse industries that are willing to adopt outsourced models.

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Important Features of the reports:

- Detailed analysis of the Managed Application Services Market
- Fluctuating market dynamics of the industry
- Detailed market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Managed Application Services Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Managed Application Services Market performance.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Managed Application Services Market.

Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Managed Application Services Market.

How big will the market and growth rate be in 2032?

What are the key drivers for the global Managed Application Services Market?
What are the major market trends influencing the growth of the global Managed Application Services Market?
What are the challenges for market growth?
Who are the key vendors in the global Managed Application Services Market?
What market opportunities and threats are vendors facing in the global Managed Application Services Market?
What are the main findings of the five forces analysis of the global Managed Application Services Market?

Conclusion: At the end of the Managed Application Services Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segment analysis is also provided in terms of type and application.

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