An application management service is a type of framework that outsources management by way of a customized, well-defined set of policies, processes, procedures, templates, and standards. Application management services are provided by a number of different organisations to companies that need such services.
The organizations that agree to provide this service typically have an expertise in the IT sector or in similar applications for companies in the same line of business.
Application management specialists are vital in helping overcome challenges by improving the performance of applications and achieving better business results. The application management services market is estimated to be worth just under US$ 90 billion by end 2022.
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The application outsourcing management and system integration management segment have a similar revenue share in the application management services market with the former edging slightly ahead. The application outsourcing management segment is anticipated to have a value of almost US$ 20.5 billion by the end of the forecast period. North America is critical in the application outsourcing management segment.
The CAGR in the system integration management segment is much lower in comparison and it is poised to lose market share for the foreseeable future. Along with North America, companies would do well to target Europe in the system integration management segment of the application management services market.
Applications need to be constantly updated to ensure that they have all the latest functions and capabilities post which testing is imperative. The application modernization has a revenue share of approx. a sixth of the services type segment in the application management services market at the end of 2017 and should gain substantial share going forward.
The application modernization is predicted to record an exponential growth rate in excess of 10% from 2017 to 2022, making it very lucrative indeed.
Application testing has a smaller revenue share but is equally if not more important than application modernization to ensure that any and every bug is nipped in the bud. Companies involved in application testing would do well to target North America and Europe as both regions are the largest in the application testing management segment by a considerable margin.
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It is not a question of if but when cloud application services become commonplace in both the developed and developing world. Improving Internet connectivity and the plummeting prices of smartphones are largely responsible for the shift towards cloud computing. The cloud application segment has a revenue share approaching a fifth of the application management services market by service type segment.
The North America cloud application segment is expected to push past a value of US$ 5 billion by end 2022, ensuring its pre-eminence in the application management services market. However, a higher CAGR is projected in both APEJ and Japan with the latter on track to outpace the former by the end of the forecast period.
Future Market Insights has profiled a few of the companies involved in the application management services market. These include Accenture PLC, IBM Corporation, NTT DATA Corporation, Capgemini SE, HCL Technologies, CA Technology Inc, Infosys Limited, Wipro Limited, Hexaware Technologies Limited, and KPIT Technologies Limited.
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The application management services market is likely to secure a CAGR of 8.6% through 2032.
The application management services market is likely to record a value of US$ Million/ 90 Billion in 2022.
The application management services market size is estimated to cross US$ Million/ 205.37 Billion by 2032.
North America is likely to lead the application management services market.
1. Global Market - Executive Summary 2. Global Market Overview 2.1. Introduction 2.1.1. Global Market Taxonomy 2.1.2. Global Market Definition 2.2. Global Market Size (US$ Mn) and Forecast, 2012-2022 2.2.1. Global Market Y-o-Y Growth 2.3. Global Market Dynamics 2.4. Value Chain 2.5. Key Contracts 2.6. Regional Trends 2.7. Service providers List 2.8. Competitive landscape 2.9. Key Participants Market Presence (Intensity Map) By Region 3. Global Market Analysis and Forecast By Services Type 3.1. Global Market Size and Forecast By Services Type, 2012-2022 3.1.1. System Integration Management Market Size and Forecast, 2012-2022 3.1.1.1. Revenue (US$ Mn) Comparison, By Region 3.1.1.2. Market Share Comparison, By Region 3.1.1.3. Y-o-Y growth Comparison, By Region 3.1.2. Outsourcing Management Market Size and Forecast, 2012-2022 3.1.2.1. Revenue (US$ Mn) Comparison, By Region 3.1.2.2. Market Share Comparison, By Region 3.1.2.3. Y-o-Y growth Comparison, By Region 3.1.3. Modernization Market Size and Forecast, 2012-2022 3.1.3.1. Revenue (US$ Mn) Comparison, By Region 3.1.3.2. Market Share Comparison, By Region 3.1.3.3. Y-o-Y growth Comparison, By Region 3.1.4. Testing Management Market Size and Forecast, 2012-2022 3.1.4.1. Revenue (US$ Mn) Comparison, By Region 3.1.4.2. Market Share Comparison, By Region 3.1.4.3. Y-o-Y growth Comparison, By Region 3.1.5. Cloud Management Market Size and Forecast, 2012-2022 3.1.5.1. Revenue (US$ Mn) Comparison, By Region 3.1.5.2. Market Share Comparison, By Region 3.1.5.3. Y-o-Y growth Comparison, By Region 3.1.6. Other Services (Architecture management & support services) Market Size and Forecast, 2012-2022 3.1.6.1. Revenue (US$ Mn) Comparison, By Region 3.1.6.2. Market Share Comparison, By Region 3.1.6.3. Y-o-Y growth Comparison, By Region 4. Global Market Analysis and Forecast By Industry 4.1. Global Market Size and Forecast By Industry, 2012-2022 4.1.1. BFSI Market Size and Forecast, 2012-2022 4.1.1.1. Revenue (US$ Mn) Comparison, By Region 4.1.1.2. Market Share Comparison, By Region 4.1.1.3. Y-o-Y growth Comparison, By Region 4.1.2. Healthcare Market Size and Forecast, 2012-2022 4.1.2.1. Revenue (US$ Mn) Comparison, By Region 4.1.2.2. Market Share Comparison, By Region 4.1.2.3. Y-o-Y growth Comparison, By Region 4.1.3. Retail & Consumer Goods Market Size and Forecast, 2012-2022 4.1.3.1. Revenue (US$ Mn) Comparison, By Region 4.1.3.2. Market Share Comparison, By Region 4.1.3.3. Y-o-Y growth Comparison, By Region 4.1.4. IT & Telecom Market Size and Forecast, 2012-2022 4.1.4.1. Revenue (US$ Mn) Comparison, By Region 4.1.4.2. Market Share Comparison, By Region 4.1.4.3. Y-o-Y growth Comparison, By Region 4.1.5. Government Market Size and Forecast, 2012-2022 4.1.5.1. Revenue (US$ Mn) Comparison, By Region 4.1.5.2. Market Share Comparison, By Region 4.1.5.3. Y-o-Y growth Comparison, By Region 4.1.6. Engineering Market Size and Forecast, 2012-2022 4.1.6.1. Revenue (US$ Mn) Comparison, By Region 4.1.6.2. Market Share Comparison, By Region 4.1.6.3. Y-o-Y growth Comparison, By Region 4.1.7. Automotive Market Size and Forecast, 2012-2022 4.1.7.1. Revenue (US$ Mn) Comparison, By Region 4.1.7.2. Market Share Comparison, By Region 4.1.7.3. Y-o-Y growth Comparison, By Region 4.1.8. Manufacturing Market Size and Forecast, 2012-2022 4.1.8.1. Revenue (US$ Mn) Comparison, By Region 4.1.8.2. Market Share Comparison, By Region 4.1.8.3. Y-o-Y growth Comparison, By Region 4.1.9. Other Industries Market Size and Forecast, 2012-2022 4.1.9.1. Revenue (US$ Mn) Comparison, By Region 4.1.9.2. Market Share Comparison, By Region 4.1.9.3. Y-o-Y growth Comparison, By Region 5. Global Market Analysis and Forecast By Region 5.1. Global Market Size and Forecast, 2012-2022 5.1.1. North America Market Size and Forecast, 2012-2022 5.1.1.1. Revenue (US$ Mn) Comparison, By Services Type 5.1.1.2. Revenue (US$ Mn) Comparison, By Industry 5.1.2. Latin America Market Size and Forecast, 2012-2022 5.1.2.1. Revenue (US$ Mn) Comparison, By Services Type 5.1.2.2. Revenue (US$ Mn) Comparison, By Industry 5.1.3. Europe Market Size and Forecast, 2012-2022 5.1.3.1. Revenue (US$ Mn) Comparison, By Services Type 5.1.3.2. Revenue (US$ Mn) Comparison, By Industry 5.1.4. Japan Market Size and Forecast, 2012-2022 5.1.4.1. Revenue (US$ Mn) Comparison, By Services Type 5.1.4.2. Revenue (US$ Mn) Comparison, By Industry 5.1.5. APEJ Market Size and Forecast, 2012-2022 5.1.5.1. Revenue (US$ Mn) Comparison, By Services Type 5.1.5.2. Revenue (US$ Mn) Comparison, By Industry 5.1.6. MEA Market Size and Forecast, 2012-2022 5.1.6.1. Revenue (US$ Mn) Comparison, By Services Type 5.1.6.2. Revenue (US$ Mn) Comparison, By Industry 6. North America Market Analysis and Forecast, By Country, 2012-2022 6.1. US Market Size and Forecast, 2012-2022 6.1.1. Revenue (US$ Mn) Comparison, By Services Type 6.1.2. Revenue (US$ Mn) Comparison, By Industry 6.2. Canada Market Size and Forecast, 2012-2022 6.2.1. Revenue (US$ Mn) Comparison, By Services Type 6.2.2. Revenue (US$ Mn) Comparison, By Industry 7. Latin America Market Analysis and Forecast, By Country, 2012-2022 7.1. Brazil Market Size and Forecast, 2012-2022 7.1.1. Revenue (US$ Mn) Comparison, By Services Type 7.1.2. Revenue (US$ Mn) Comparison, By Industry 7.2. Mexico Market Size and Forecast, 2012-2022 7.2.1. Revenue (US$ Mn) Comparison, By Services Type 7.2.2. Revenue (US$ Mn) Comparison, By Industry 7.3. Argentina Market Size and Forecast, 2012-2022 7.3.1. Revenue (US$ Mn) Comparison, By Services Type 7.3.2. Revenue (US$ Mn) Comparison, By Industry 8. Europe Market Analysis and Forecast, By Country, 2012-2022 8.1. Germany Market Size and Forecast, 2012-2022 8.1.1. Revenue (US$ Mn) Comparison, By Services Type 8.1.2. Revenue (US$ Mn) Comparison, By Industry 8.2. UK Market Size and Forecast, 2012-2022 8.2.1. Revenue (US$ Mn) Comparison, By Services Type 8.2.2. Revenue (US$ Mn) Comparison, By Industry 8.3. France Market Size and Forecast, 2012-2022 8.3.1. Revenue (US$ Mn) Comparison, By Services Type 8.3.2. Revenue (US$ Mn) Comparison, By Industry 8.4. Spain Market Size and Forecast, 2012-2022 8.4.1. Revenue (US$ Mn) Comparison, By Services Type 8.4.2. Revenue (US$ Mn) Comparison, By Industry 8.5. Italy Market Size and Forecast, 2012-2022 8.5.1. Revenue (US$ Mn) Comparison, By Services Type 8.5.2. Revenue (US$ Mn) Comparison, By Industry 8.6. Nordic Market Size and Forecast, 2012-2022 8.6.1. Revenue (US$ Mn) Comparison, By Services Type 8.6.2. Revenue (US$ Mn) Comparison, By Industry 9. Japan Market Analysis and Forecast, By Country, 2012-2022 9.1. Japan Market Size and Forecast, 2012-2022 9.1.1. Revenue (US$ Mn) Comparison, By Services Type 9.1.2. Revenue (US$ Mn) Comparison, By Industry 10. APEJ Market Analysis and Forecast, By Country, 2012-2022 10.1. China Market Size and Forecast, 2012-2022 10.1.1. Revenue (US$ Mn) Comparison, By Services Type 10.1.2. Revenue (US$ Mn) Comparison, By Industry 10.2. India Market Size and Forecast, 2012-2022 10.2.1. Revenue (US$ Mn) Comparison, By Services Type 10.2.2. Revenue (US$ Mn) Comparison, By Industry 10.3. Malaysia Market Size and Forecast, 2012-2022 10.3.1. Revenue (US$ Mn) Comparison, By Services Type 10.3.2. Revenue (US$ Mn) Comparison, By Industry 10.4. Thailand Market Size and Forecast, 2012-2022 10.4.1. Revenue (US$ Mn) Comparison, By Services Type 10.4.2. Revenue (US$ Mn) Comparison, By Industry 10.5. Singapore Market Size and Forecast, 2012-2022 10.5.1. Revenue (US$ Mn) Comparison, By Services Type 10.5.2. Revenue (US$ Mn) Comparison, By Industry 10.6. Australia Market Size and Forecast, 2012-2022 10.6.1. Revenue (US$ Mn) Comparison, By Services Type 10.6.2. Revenue (US$ Mn) Comparison, By Industry 11. MEA Market Analysis and Forecast, By Country, 2012-2022 11.1. GCC Countries Market Size and Forecast, 2012-2022 11.1.1. Revenue (US$ Mn) Comparison, By Services Type 11.1.2. Revenue (US$ Mn) Comparison, By Industry 11.2. South Africa Market Size and Forecast, 2012-2022 11.2.1. Revenue (US$ Mn) Comparison, By Services Type 11.2.2. Revenue (US$ Mn) Comparison, By Industry 11.3. Nigeria Market Size and Forecast, 2012-2022 11.3.1. Revenue (US$ Mn) Comparison, By Services Type 11.3.2. Revenue (US$ Mn) Comparison, By Industry 11.4. Israel Market Size and Forecast, 2012-2022 11.4.1. Revenue (US$ Mn) Comparison, By Services Type 11.4.2. Revenue (US$ Mn) Comparison, By Industry 12. Global Market Company Share, Competition Landscape and Company Profiles 12.1. Company Share Analysis 12.2. Competition Landscape 12.3. Company Profiles 12.3.1. Accenture PLC 12.3.2. IBM Corporation 12.3.3. NTT Data Corporation 12.3.4. Capgemini SE 12.3.5. HCL Technologies 12.3.6. CA Technology Inc. 12.3.7. Infosys Limited 12.3.8. Wipro Limited 12.3.9. Hexaware Technologies Limited 12.3.10. KPIT Technologies Limited 13. Research Methodology 14. Secondary and Primary Sources 15. Assumptions and Acronyms 16. Disclaimer
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Application Management Services Market
