Global Application Management Services Market And Segment Forecast, 2014 – 2025:Radiant Insights, Inc

The global application management services market is estimated to reach USD 87.60 billion by 2025, according to a new report by Grand View Research, Inc. The industry is expected to witness a steady growth owing to the increasing demand from the financial services sector and healthcare industry.

Application management services encompass a wide range of implementation and operational services that are vital to application maintenance, optimization, support and modernization, and migration. As the number of applications used and deployed by organizations is increasing continuously, the need to monitor and manage these services for business efficiency and continuity is driving the demand for application services across different industries.

Companies today make use of a myriad set of applications to address client needs, deal with numerous stakeholders in the value chain, and keep abreast with the rapidly evolving technology landscape. These conditions have been augmented with the advent of new trends such as Internet of Things, cloud, and analytics, which are disrupting the traditional system models. Owing to these factors, the application management services are anticipated to witness a steady rise in demand over the years to come.

The application services industry is quite mature, which can be attributed to the presence of many traditional service providers who are entrenched firmly in the market. As the technological adoption gains velocity in the industry, delivery models and service scopes are set to exhibit a dramatic change with Software as a Service and cloud deployments playing a significant role in the market.

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Further Key Findings from the Study Suggest:

The industry is marked by the presence of big enterprises such as Cognizant, Accenture, IBM, Capgemini, and Deloitte

The banking, financial services, and insurance segment is anticipated exhibit a significant increase in demand

IT cost reduction, digitalization, and the need for gaining agility, reliability, and integrated system models will shape the nature of services provided and sought after in the market

The impact of changing industry dynamics will be profoundly exhibited on outsourcing, whether offshoring or onshoring industries, at a global level

The lack of innovation, communication gaps, and inefficient methods for change management and governance may become major hurdles in the industry’s growth over the forecast period

Table of Contents

Chapter 1 Executive Summary
1.1 Application management services – Industry Snapshot & Key Buying Criteria, 2014 – 2025
1.2 Global application management services market, 2014 – 2025 (USD Million)

Chapter 2 Application Management Services Market Variables, Trends and Scope
2.1 Market Segmentation & Scope
2.2 Market Dynamics
2.3 Market Driver Analysis
2.4 Market Restraints Analysis
2.5 Penetration &Growth Prospect Mapping
2.6 Industry Analysis – Porter’s
2.7 Application Management Services Market Competition Analysis, 2015
2.8 Industry Analysis – PESTLE

Chapter 3 Application Management Services Market Services Estimates & Trend Analysis
3.1 System Integration
3.1.1 Global system integration demand by region, 2014 – 2025
3.2 Support and Maintenance
3.2.1 Global support and maintenance demand by region, 2014 – 2025
3.3 Database Management
3.3.1 Global employee database management demand by region, 2014 – 2025
3.4 Consulting
3.4.1 Global consulting demand by region, 2014 – 2025
3.5 Modernization
3.5.1 Global modernization demand by region, 2014 – 2025
3.6 Other Services
3.6.1 Global other services demand by region, 2014 – 2025

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About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
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Country: United States
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