Global Managed Application Services Market Report 2022-2027

managed application services market reached a value of US$ 10.78 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 23.86 Billion by 2027, exhibiting a CAGR of 13.50% during 2022-2027

According to the global managed application services industry report by IMARC Group, the market reached a value of US$ 10.78 Billion in 2021, and it is projected to reach a value of US$ 23.86 Billion by 2027, exhibiting a CAGR of 13.50% during 2022-2027.

Managed application services range from technical support to cloud migration that aids in keeping the application highly available and relevant for evolving business needs. They also assist in enhancing security, encouraging human resources savings, minimizing outage risks, reducing capital and operational costs, and monitoring, maintaining, and optimizing capacity and security. As a result, organizations from different sector verticals across the globe are integrating managed application services to run cloud deployment smoothly and deliver cost savings.

Market Trends

The elevating need for reliable application services for secure, fast, and optimal enterprise applications performance and maintaining competitive advantage, on account of the expanding business and the increasing complexity of information technology (IT) infrastructure, is among the key factors stimulating the managed application services market. Moreover, the rising focus of enterprises for using these services to reduce costs and optimize operations is acting as another significant growth-inducing factor.

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Besides this, the inflating usage of remote managed services that provide minimal administrative overhead with maximum uptime by small and medium-sized enterprises (SMEs), as regulatory, data, and system requirements prohibit the use of off-site solutions is positively influencing the global market. Furthermore, the growing utilization of these services to meet the demand for implementation, optimization, maintenance, performance improvement, and quality initiatives of health firms is also propelling the market growth. Apart from this, the increasing digitization of healthcare infrastructures and the escalating demand for telehealth and remote patient services are further fueling the global market. Additionally, numerous service providers are providing customizable solutions to support custom web applications critical for the everyday operations of organizations is anticipated to drive the managed application services market over the forecasted period.

Global Managed Application Services Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

BMC Software Inc., DXC Technology, Fujitsu Limited, HCL Technologies Limited (HCL Enterprise), International Business Machines Corporation, Lumen Technologies Inc., Mindtree Ltd. (Larsen Toubro Ltd.), NaviSite Inc., Rackspace Technology Inc., Unisys Corporation, Virtustream (Dell Technologies Inc.) and Wipro Limited.

Click here to view detailed information with table of content: https://www.imarcgroup.com/managed-application-services-market

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Service:

Operational Services

Application Service Desk

Application Hosting

Application Security and Disaster Recovery

Application Infrastructure

Breakup by Organization Size:

Small and Medium-sized Enterprises (SMEs)

Large Enterprises

Breakup by Application:

Web-Based Applications

Mobile Applications

Breakup by Industry Vertical:

BFSI

Telecom and IT

Government

Healthcare

Retail

Energy and Utilities

Others

Regional Insights:

Asia Pacific

North America

Europe

Middle East and Africa

Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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