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Application Management Services Market by Service (Application Portfolio Assessment, Application Modernization, Application Maintenance and Support, and Application Managed Services), Organization Size, Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: TC 5896

 

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The application management services market was valued at USD 8.92 Billion in 2016 and projected to reach USD 27.83 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period. The base year considered for the study is 2016, and the forecast period is 2017–2022.

Objectives of the Study

  • To determine and forecast the global application management services market by services, organization size, verticals, and regions from 2017 to 2022, and analyze various macro and microeconomic factors that affect the market growth
  • To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
  • To provide detailed information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the application management services market
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the total market
  • To analyse opportunities in the market for stakeholders by identifying high-growth segments of the market
  • To profile the key market players, provide comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
  • To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities in the market

The research methodology used to estimate and forecast the application management services market begins with capturing data on key vendor revenues and the market size of individual segments through secondary sources, such as industry associations and trade journals. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the market from the individual services technology segment. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The breakdown of the profiles of the primary discussion participants is depicted in the figure below:

Application Management Services Market

To know about the assumptions considered for the study, download the pdf brochure

The application management services market ecosystem includes players, such as Accenture (Republic of Ireland), Atos (France), Capgemini (France), Cognizant (US), Fujitsu (Japan), DXC (US), HCL (India), IBM (US), Wipro (India), and Tech Mahindra (India).

Key Target Audience

  • Global application management services providers
  • Professional and managed service providers
  • Government and research organizations
  • Information Technology (IT) companies
  • Application modernization vendors
  • Associations and industry bodies
  • Application security vendors
  • System integrators

Scope of the Report

The application management services market scope comprises services used for managing enterprise applications. The phases considered include the deployment and maintenance phases, and exclude the testing and development phases.

By Service

  • Application Portfolio Assessment
  • Application Security
  • Web Application Security
  • Mobile Application Security
  • Application Modernization
  • Cloud Application Migration
  • Application Integration
  • Application Replatforming
  • UI Modernization
  • Application Maintenance and Support
  • Application Managed Services

By Organization Size

  • Small and Medium-Sized Enterprises
  • Large Enterprises

By Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • Telecom and IT
  • Government
  • Retail and eCommerce
  • Healthcare and Lifesciences
  • Manufacturing
  • Energy and Utilities
  • Others (Media and Entertainment, Travel and Hospitality, Education, and Transport and Logistics)

By Region

  • North America
    • US
    • Canada
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report:

Geographic Analysis

  • Further country-level breakdown of the European application management services market
  • Further country-level breakdown of the APAC market
  • Further country-level breakdown of the MEA market
  • Further country-level breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Research Assumptions and Limitations
           2.3.1 Research Assumptions
           2.3.2 Limitations

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 26)
    4.1 Attractive Market Opportunities in the Application Management Services Market
    4.2 Market By Service, 2017–2022
    4.3 Market By Organization Size, 2017–2022
    4.4 Market By Vertical, 2015–2022
    4.5 Market By Region, 2017–2022
    4.6 Market Invest Scenario, By Region, 2017-2022

5 Market Overview and Industry Trends (Page No. - 29)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Need for Business Agility and Accelerated Time-To-Market
                    5.2.1.2 Cloud Computing, A Major Component of the Application Management Strategy
                    5.2.1.3 Emergence of Byod and Proliferation of Mobile Apps Demand Robust Mobile App Management Services
           5.2.2 Restraints
                    5.2.2.1 Application Data Security is A Major Concern for Enterprises
           5.2.3 Opportunities
                    5.2.3.1 Existence of A Large Number of Legacy Applications, Offering Huge Revenue Opportunities
                    5.2.3.2 Open-Source Technology Would Pave the Way for Untapped Possibilities
           5.2.4 Challenges
                    5.2.4.1 Application Management, A Time-Intensive Process
                    5.2.4.2 Architectural and Operational Complexities
                    5.2.4.3 High Investments in Application Security Offset the IT Applications Budget
    5.3 Use Cases

6 Application Management Services Market, By Service (Page No. - 36)
    6.1 Introduction
    6.2 Application Portfolio Assessment
    6.3 Application Modernization
           6.3.1 Cloud Application Migration
           6.3.2 Application Integration
           6.3.3 Application Replatforming
           6.3.4 User Interface Modernization
    6.4 Application Security
           6.4.1 Web Application Security
           6.4.2 Mobile Application Security
    6.5 Application Maintenance and Support
    6.6 Application Managed Services

7 Application Management Services Market, By Organization Size (Page No. - 50)
    7.1 Introduction
    7.2 Small and Medium-Sized Enterprises
    7.3 Large Enterprises

8 Application Management Services Market, By Vertical (Page No. - 54)
    8.1 Introduction
    8.2 Banking, Financial Services, and Insurance
    8.3 Telecom and IT
    8.4 Government
    8.5 Retail and Ecommerce
    8.6 Healthcare and Life Sciences
    8.7 Manufacturing
    8.8 Energy and Utilities
    8.9 Others

9 Application Management Services Market, By Region (Page No. - 63)
    9.1 Introduction
    9.2 North America
           9.2.1 United States
    9.3 Europe
    9.4 Asia Pacific
    9.5 Middle East and Africa
    9.6 Latin America

10 Competitive Landscape (Page No. - 83)
     10.1 Overview
     10.2 Market Ranking Analysis
     10.3 Competitive Scenario
             10.3.1 New Service Launches
             10.3.2 Business Expansions
             10.3.3 Mergers and Acquisitions
             10.3.4 Agreements, Partnerships, and Collaborations
             10.3.5 Contracts

11 Company Profiles (Page No. - 88)
     11.1 Accenture
(Business Overview, Solution/Service Offered, Recent Developments, SWOT Analysis, and MnM View)
     11.2 ATOS
     11.3 Capgemini
     11.4 Cognizant
     11.5 Fujitsu
     11.6 DXC
     11.7 HCL
     11.8 IBM
     11.9 Tech Mahindra
     11.10 Wipro

*Details on Business Overview, Solution/Service Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 119)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customization
     12.5 Related Reports
     12.6 Author Details


List of Tables (68 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2017
Table 2 Application Management Services Market: Use Cases
Table 3 Services: Market Size By Type, 2015–2022 (USD Million)
Table 4 Services: Market Size By Region, 2015–2022 (USD Million)
Table 5 Application Portfolio Assessment: Market Size By Region, 2015–2022 (USD Million)
Table 6 Application Modernization: Market Size By Type, 2015–2022 (USD Million)
Table 7 Application Modernization: Market Size By Region, 2015–2022 (USD Million)
Table 8 Cloud Application Migration Market Size, By Region, 2015–2022 (USD Million)
Table 9 Application Integration Market Size, By Region, 2015–2022 (USD Million)
Table 10 Application Replatforming Market Size, By Region, 2015–2022 (USD Million)
Table 11 User Interface Modernization Market Size, By Region, 2015–2022 (USD Million)
Table 12 Application Security: Market Size By Type, 2015–2022 (USD Million)
Table 13 Application Security: Market Size By Region, 2015–2022 (USD Million)
Table 14 Web Application Security Market Size, By Region, 2015–2022 (USD Million)
Table 15 Mobile Application Security Market Size, By Region, 2015–2022 (USD Million)
Table 16 Application Maintenance and Support: Market Size By Region, 2015–2022 (USD Million)
Table 17 Application Managed Services: Market Size By Region, 2015–2022 (USD Million)
Table 18 Application Management Services Market Size, By Organization Size, 2015–2022 (USD Million)
Table 19 Organization Size: Market Size, By Region, 2015—2022 (USD Million)
Table 20 Small and Medium-Sized Enterprises: Market Size By Region, 2015–2022 (USD Million)
Table 21 Large Enterprises: Market Size By Region, 2015–2022 (USD Million)
Table 22 Verticals: Market Size By Type, 2015–2022 (USD Million)
Table 23 Verticals: Market Size By Region, 2015–2022 (USD Million)
Table 24 Banking, Financial Services, and Insurance: Application Management Services Market Size, By Region, 2015–2022 (USD Million)
Table 25 Telecom and IT: Market Size By Region, 2015–2022 (USD Million)
Table 26 Government: Market Size By Region, 2015–2022 (USD Million)
Table 27 Retail and Ecommerce: Market Size By Region, 2015–2022 (USD Million)
Table 28 Healthcare and Life Sciences: Market Size By Region, 2015–2022 (USD Million)
Table 29 Manufacturing: Market Size By Region, 2015–2022 (USD Million)
Table 30 Energy and Utilities: Market Size By Region, 2015–2022 (USD Million)
Table 31 Others: Market Size By Region, 2015–2022 (USD Million)
Table 32 Application Management Services Market Size, By Region, 2015–2022 (USD Million)
Table 33 North America: Market Size By Country, 2015–2022 (USD Million)
Table 34 North America: Market Size By Service, 2015–2022 (USD Million)
Table 35 North America: Application Modernization Market Size, By Type, 2015–2022 (USD Million)
Table 36 North America: Application Security Market Size, By Type, 2015–2022 (USD Million)
Table 37 North America: Market Size By Organization Size, 2015–2022 (USD Million)
Table 38 North America: Market Size By Vertical, 2015–2022 (USD Million)
Table 39 United States: Market Size By Service, 2015–2022 (USD Million)
Table 40 United States: Application Modernization Market Size, By Type, 2015–2022 (USD Million)
Table 41 United States: Application Security Market Size, By Type, 2015–2022 (USD Million)
Table 42 United States: Market Size By Organization Size, 2015–2022 (USD Million)
Table 43 United States: Market Size By Vertical, 2015–2022 (USD Million)
Table 44 Europe: Application Management Services Market Size, By Service, 2015–2022 (USD Million)
Table 45 Europe: Application Modernization Market Size, By Type, 2015–2022 (USD Million)
Table 46 Europe: Application Security Market Size, By Type, 2015–2022 (USD Million)
Table 47 Europe: Market Size By Organization Size, 2015–2022 (USD Million)
Table 48 Europe: Market Size By Vertical, 2015–2022 (USD Million)
Table 49 Asia Pacific: Application Management Services Market Size, By Service, 2015–2022 (USD Million)
Table 50 Asia Pacific: Application Modernization Market Size, By Type, 2015–2022 (USD Million)
Table 51 Asia Pacific: Application Security Market Size, By Type, 2015–2022 (USD Million)
Table 52 Asia Pacific: Market Size By Organization Size, 2015–2022 (USD Million)
Table 53 Asia Pacific: Market Size By Vertical, 2015–2022 (USD Million)
Table 54 Middle East and Africa: Market Size By Service, 2015–2022 (USD Million)
Table 55 Middle East and Africa: Application Modernization Market Size, By Type, 2015–2022 (USD Million)
Table 56 Middle East and Africa: Application Security Market Size, By Type, 2015–2022 (USD Million)
Table 57 Middle East and Africa: Market Size By Organization Size, 2015–2022 (USD Million)
Table 58 Middle East and Africa: Market Size By Vertical, 2015–2022 (USD Million)
Table 59 Latin America: Application Management Services Market Size, By Service, 2015–2022 (USD Million)
Table 60 Latin America: Application Modernization Market Size, By Type, 2015–2022 (USD Million)
Table 61 Latin America: Application Security Market Size, By Type, 2015–2022 (USD Million)
Table 62 Latin America: Market Size By Organization Size, 2015–2022 (USD Million)
Table 63 Latin America: Market Size By Vertical, 2015–2022 (USD Million)
Table 64 New Service Launches, 2014—2016
Table 65 Business Expansions, 2016—2017
Table 66 Mergers and Acquisitions, 2017
Table 67 Agreements, Partnerships, and Collaborations, 2017
Table 68 Contracts, 2017


List of Figures (43 Figures)

Figure 1 Application Management Services Market Segmentation
Figure 2 Market Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Application Management Services Market, 2015–2022
Figure 7 Market Top 3 Services, and Region
Figure 8 Market By Segmentation
Figure 9 Brisk Growth of Enterprise Application Volumes is Expected to Be Driving the Growth of the Market
Figure 10 Application Modernization Segment is Estimated to Hold the Largest Market Size During the Forecast Period
Figure 11 Large Enterprises Segment is Expected to Hold the Larger Market Share During the Forecast Period
Figure 12 Banking, Financial Services, and Insurance Vertical is Expected to Lead the Market During the Forecast Period
Figure 13 North America is Expected to Hold the Largest Market Share During the Forecast Period
Figure 14 APAC is Expected to Be A Hotspot for the Application Management Services Market During the Forecast Period
Figure 15 Application Management Services Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Application Security Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Phases of Application Portfolio Management
Figure 18 Application Modernization Process
Figure 19 Types of Application Security
Figure 20 Types of Application Managed Services
Figure 21 Large Enterprises Segment is Expected to Hold the Larger Market Size During the Forecast Period
Figure 22 Retail and Ecommerce Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Asia Pacific is Expected to Be A Hotspot for the Application Management Services Market During the Forecast Period
Figure 25 Market North America Snapshot
Figure 26 Market Asia Pacific Snapshot
Figure 27 Key Developments By Leading Players in the Application Management Services Market, 2014–2017
Figure 28 Market Evaluation Framework
Figure 29 Accenture: Company Snapshot
Figure 30 Accenture: SWOT Analysis
Figure 31 ATOS: Company Snapshot
Figure 32 ATOS: SWOT Analysis
Figure 33 Capgemini: Company Snapshot
Figure 34 Capgemini: SWOT Analysis
Figure 35 Cognizant: Company Snapshot
Figure 36 Cognizant: SWOT Analysis
Figure 37 Fujitsu: Company Snapshot
Figure 38 Fujitsu: SWOT Analysis
Figure 39 DXC : Company Snapshot
Figure 40 HCL: Company Snapshot
Figure 41 IBM: Company Snapshot
Figure 42 Tech Mahindra: Company Snapshot
Figure 43 Wipro: Company Snapshot

The application management services market size is expected to grow from USD 10.67 Billion in 2017 to USD 27.83 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.2%. The major drivers of the market include increasing the need for business agility, accelerated time-to-market, emergence of BYOD, and proliferation of mobile apps demanding robust mobile app management services.

The scope of the report covers the application management services market analysis by service, organization size, vertical, and region. The application modernization services segment is expected to have the largest market share during the forecast period, owing to the increased adoption of digital transformation strategies and increased need to replace the legacy applications. The application security segment is expected to grow at the highest CAGR during the forecast period, as vulnerabilities have become more complex and sophisticated, which are expected to further increase the demand for application security, to cater to the challenges posed by the threats.

The large enterprises segment is expected to have a larger market share during the forecast period, owing to the need to reduce the high Capital Expenditure (CAPEX) and Operating Expenditure (OPEX). Large enterprises have dedicated in-house IT resources and larger IT budgets and therefore consider deploying a variety of application management strategies. The Small and Medium-Sized Enterprises (SMEs) segment is expected to grow at the highest rate, owing to the increase in adoption of the lift-and-shift migration strategy that results in decreased OPEX and improved business efficiency.

The Banking, Financial Services, and Insurance (BFSI) vertical is estimated to have the largest market share during the forecast period, owing to the increasing implementation of new technologies in modernizing its existing applications. The retail and eCommerce vertical is expected to grow at the highest rate, as the retailers are migrating their application landscapes toward more flexible and scalable platform to bring efficiencies and optimize their operating costs.

Application Management Services Market

As per the geographic analysis, North America is expected to hold the largest market share, due to the presence of renown application management services providers, and stringent data security regulations and compliance. These enterprises are modernizing their legacy applications and migrating to cloud environment. Asia Pacific (APAC) is expected to witness the highest growth rate in the application management services market during the forecast period, due to the increased adoption of application management services and cloud computing. Companies in this region are migrating their core business applications to new cloud platforms to save cost.

The major factor that is expected to limit the growth of the application management services market is the rising concern over application data security. The major vendors profiled in the report include Accenture (Republic of Ireland), Atos (France), DXC (US), HCL (India), IBM (US), Capgemini (France), Cognizant (US), Fujitsu (Japan), Tech Mahindra (India), and Wipro (India).

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