BMC Software (US) and CenturyLink (US) are the Key Players in the Managed Application Services Market
The managed application services market size is estimated to be USD 2.02 Billion in 2017 and is expected to reach USD 5.54 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.4% during the forecast period. The major factors driving the growth of the managed application services market include the increasing demand for end-to-end application hosting services and the rising sophistication level of application infrastructure.
The key market players profiled in this report include BMC Software (US), CenturyLink (US), Fujitsu (Japan), HCL (India), IBM (US), SMS Management & Technology (Australia), Unisys (US), Virtustream (US), Wipro (India), YASH Technologies (US), Mindtree (India), and Navisite (US). These players offer managed application services to cater to the needs and demands in the marketspace. They have adopted various growth strategies, such as mergers and acquisitions; partnerships, agreements, and collaborations; business expansions; and new product launches. Among the growth strategies, “agreements and partnerships” has been the major growth strategy followed for business expansions.
IBM has adopted a strategic mix of organic and inorganic growth strategies, such as new product launches, and mergers and acquisitions, in the managed application services market. In 2017, IBM launched new SAP-certified bare metal servers for deploying SAP HANA on IBM Cloud. This new solution was designed to enhance the power and performance of enterprise applications running on SAP HANA. With this new service, IBM aims to cater to the need of application services in the growing smart and connected systems. In line with the inorganic growth strategy, in October 2016, it acquired Sanovi Technologies, the India-based cloud migration, business continuity, and IT recovery solutions provider, to enhance IBM’s resiliency capabilities with the help of advanced analytics. Adding Sanovi’s expertise enabled IBM to complement its software-defined resiliency strategy and effectively deliver business continuity and disaster recovery services.
Fujitsu has also adopted a mix of organic and inorganic growth strategies. For instance, in 2017, Fujitsu partnered with MEEZA, a leading IT service and solution provider in Qatar. This partnership aimed to support the Qatar National Vision 2030 by leveraging Fujitsu's innovative solutions and services. This partnership enabled Fujitsu to expand its market presence in Middle East and Africa (MEA). Further in 2017, Fujitsu opened its new global delivery center in Cebu, Philippines. This new strategically located delivery center aims at delivering high-quality application development services to its clients. To maintain its competitive edge, Fujitsu has been significantly investing in innovation centers to drive R&D activities.
Related Reports:
Managed Application Services Market by Service (Operational Services, Application Infrastructure and Service Desk, Application Security, Disaster Recovery and Hosting), Application Type, Organization Size, Vertical, and Region - Global Forecast to 2022
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