Press release
Application Management Services Market 2023 by Global Key Players: Oracle Corporation, SAP, Deloitte, Dell, Optimum Solutions, Neoris, Sierra-Cedar, Capgemini, Cognizant
In the process to increase the customer base, business organizations are developing and providing higher level of user satisfaction services, which eventually increase the business workflow efficency and effectiveness. At present, business enterprises need effecitve business applications to improve and support business workflow. Moreover, with the rapid development in IT infrastructure, business enterprises are increasingly evolving with advance business applications which help them to strategise themselves according to the need of the end-users. Thus, with increase in business application it is necessary for business organizations to manage their services. Thus, Application Management Services (AMS) facilitate the business enterprises to manage the large number of business application. The AMS is a complete service management of business applications commencing right from the conceptualization to modification to deployment and maintenance and support.
Being a complete service solution, AMS offers services which covers life-cycle stages of application which include application development, monitoring & support, maintenance, and others. However, increase in mobile applications which surge the demand for management services are expected to be one of the propelling factors for the AMS market over the forecast period.
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Gobal Application Management Services market is expected to reach approximately over USD 35 billion by 2023 growing at a 22% CAGR over the forecast period 2017-2023
Key Players
Some of the key players of Application Management Services market include Accenture (Ireland), Atos (France),Infosys (India), Oracle Corporation(U.S.),SAP(Germany),Deloitte (U.S.), Dell Inc. (U.S.), Optimum Solutions (Singapore), Neoris (U.S), Sierra-Cedar, Inc. (U.S.), Capgemini (France), Cognizant (U.S.), Fujitsu (Japan), DXC (U.S.), HCL (India), IBM (U.S.), Wipro (India), and Tech Mahindra (India)
Segmentation
The application management services market is differentiated by service-type, organization size, deployment, and end-user.
The service-type of the application management services market is categorized as system integration, support & maintenance, database management, consulting services, and modernization services. On the basis of deployment, the market comprises on-premises and on-cloud. Based on the organization size, the market is categorized as large enterprises and Small & Medium Enterprises (SMEs).
Furthermore, on the basis of end-user, the market is classified as BFSI, IT & telecom, manufacturing, healthcare, government, retail & E-commerce, healthcare & life science, and energy & utilities.
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