WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Software Products Tuesday, February 27, 2024 
Add Press Release News | News Feeds Feeds | Email This News Email


Application Management Services Market to grow by USD 36.43 billion from 2022 to 2027, The ability of AMS offerings to enhance cost savings to boost growth- Technavio
Tuesday, February 13, 2024

NEW YORK, Feb. 5, 2024 /PRNewswire/ -- The application management services market is estimated to grow by USD 36.43 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 20.11% during the forecast period. The ability of AMS offerings to enhance cost savings is notably driving growth. Application Management Services (AMS) help businesses reduce costs and streamline project portfolio management by centralizing IT infrastructure. This centralization enables better decision-making, improved performance, and avoids duplicating efforts, leading to lower operating costs. As businesses face diverse environments, particularly large enterprises, managing IT across multiple sites becomes challenging. AMS allows them to consolidate IT infrastructure, saving costs and enhancing performance by streamlining operations and services.

For more insights on the historical (2017 to 2021) and forecast market size (2023 to 2027) - Request a Free sample report

Accenture Plc, Capgemini Service SAS, Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Fujitsu Ltd., HCL Technologies Ltd., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., Mercer LLC, Meteorite Informatics Pte. Ltd., Mphasis Ltd., Resolute Technology Solutions Inc., Rimini Street Inc., ScienceSoft USA Corp., Tata Consultancy Services Ltd., Unisys Corp., Wipro Ltd., and Mindtree Ltd. are key companies.

What's New?

    --  Special coverage on the Russia-Ukraine war; global inflation; recovery
        analysis from COVID-19; supply chain disruptions, global trade tensions;
        and risk of recession
    --  Global competitiveness and key competitor positions
    --  Market presence across multiple geographical footprints -
        Strong/Active/Niche/Trivial - buy the report!

Technavio has segmented the market based on Type (Discrete AMS and Embedded AMS), End-user (Small, medium enterprises, and Large enterprises), and Geography (North America, APAC, Europe, Middle East and Africa, and South America).

    --  The market share growth by the discrete AMS segment will be significant
        during the forecast period. Discrete Application Management Services
        (AMS) ensure alignment with business strategies, track project
        contributions, and enhance customer satisfaction while reducing risks.
        The global discrete AMS market is driven by the need to cut costs and
        improve business processes. Additionally, the rise of social media has
        led vendors to offer more adaptable and collaborative software,
        enhancing business communication and marketing opportunities.

By geography, the global application management services market is segmented into North America, APAC, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global application management services market.

    --  North America is estimated to contribute 38% to the growth of the global
        market during the forecast period. In North America, application
        management services are in high demand from large corporations, SMEs,
        and government organizations across various sectors like BFSI, telecom,
        public sector, and oil and gas. Vendors are updating their offerings due
        to increased competition, with the US leading in adoption, followed by
        Canada and Mexico. The region benefits from English-speaking outsourcing
        vendors in countries like Canada, Costa Rica, Guatemala, and Mexico.

Insights on the contribution of various segments including country and region, historic (2017 to 2021), and forecast market size (2023 to 2027) - Download a Free Sample Report

    --  The rise of hybrid application integration technology is an emerging
        trend in growth.
    --  A longer implementation process is a major challenge impeding growth.

Insights on Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a Free sample report!

Application Management Services: Benefits

Application Management Services (AMS) provide numerous benefits across different industries. AMS helps in managing and optimizing application software, whether on-premises or on the cloud, ensuring efficient utilization of resources. It supports the development and maintenance of mobile apps, ensuring they meet business needs. AMS also encompasses managed services for mobile device management, ensuring that mobile devices are secure and optimized for business use. Additionally, AMS involves strategic management of IT resources, aligning them with business goals. This includes managing web applications and ensuring their smooth operation. Overall, AMS helps organizations leverage technology efficiently, whether for internal operations or customer-facing applications.

What are the key data covered in this Application Management Services Market report?

    --  CAGR during the forecast period
    --  Detailed information on factors that will drive the growth of the
        Application Management Services Market between 2023 and 2027
    --  Precise estimation of the size and its contribution to the market in
        focus on the parent market
    --  Accurate predictions about upcoming trends and changes in consumer
        behavior
    --  Growth of the Application Management Services industry across North
        America, APAC, Europe, Middle East and Africa, and South America
    --  A thorough analysis of the competitive landscape and detailed
        information about vendors
    --  Comprehensive analysis of factors that will challenge the growth of
        Application Management Services vendors

Technavio's SUBSCRIPTION platform

Related Reports:

The General and Administrative Outsourcing (GAO) Market size is forecast to increase by USD 29.05 billion, at a CAGR of 5.35% between 2023 and 2028.

The Information Technology Service Management (ITSM) Market size is projected to increase by USD 11.42 billion, at a CAGR of 14.34% between 2023 and 2028.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Sizes

Five Forces Analysis

Segmentation by End-user

Segmentation by Type

Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize their positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential areas and assess their competitive positions within changing scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/application-management-services-market-to-grow-by-usd-36-43-billion-from-2022-to-2027--the-ability-of-ams-offerings-to-enhance-cost-savings-to-boost-growth--technavio-302052739.html

SOURCE Technavio



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav SAP Executives to Participate in Upcoming Investor Events | Feb 27, 2024
Nav Supermicro Drives Advanced AI Capabilities to Edge Computing Environments with New Industry-Leading System Portfolio | Feb 27, 2024
Nav Tucows Announces $40 Million Stock Buyback Program | Feb 27, 2024
Nav Global Digital Signage Market to Reach $44.72 Billion by 2030 Owing To Increasing Demand for Digital Advertising | Says Coherent Market Insights | Feb 27, 2024
Nav The Linux Foundation Announces the Embedded Open Source Summit 2024 Schedule | Feb 27, 2024
Nav Ceva Introduces its Next Generation Low Power Ultra-Wideband IP for FiRa 2.0 to Provide Highly Accurate and Reliable Wireless Ranging Capabilities for Consumer and Industrial IoT Applications | Feb 27, 2024
Nav The Linux Foundation Releases Conference Schedule for Open Source Summit North America 2024 | Feb 27, 2024
Nav Finastra's Filogix unveils automated lender note capabilities, powered by Gen AI | Feb 27, 2024
Nav KnowBe4 Recognized on CRN's 2024 Security 100 List of Leading IT Security Vendors | Feb 27, 2024
Nav FlowGPT, The Open Ecosystem AI Platform, Raises $10M | Feb 27, 2024
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News