The Asia Pacific Application Management Services Market would witness market growth of 20.2% CAGR during the forecast period (2021-2027).
Application management service, as a full-service solution, covers all stages of the program life cycle, including business applications, tracking and help, administration, and more. Nonetheless, the growing popularity of mobile apps, which increases demand for business solutions, is expected to be the growth catalyst for the application management services market.
Businesses are looking for ways to benefit from the cloud, mobility, analytics, social computing, and cognitive computing technologies. This strengthens their commitment to application management and support services in order to maintain the right combination of efficiency and security while also aligning their growing application portfolio with their business requirements. These factors are expected to propel the growth of the Application Management Services Market in the upcoming years.
APAC is also estimated to be the key expanding area in the AMS market. India, China, and Japan are the three most important nations in the market for application management services. Moreover, APAC comprises a huge number of large enterprises as well as small and medium-sized enterprises. Increasing funding from advanced countries in order to promote small and medium-sized business organizations is expected to expedite development in application management services across APAC.
The China market dominated the Asia Pacific Application Management Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4,879.4 million by 2027. The Japan market is anticipated to grow a CAGR of 19.6% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 20.9% during (2021 - 2027).
Based on Organization Size, the market is segmented into Small & Medium Enterprises and Large Enterprises. Based on Industry Vertical, the market is segmented into Telecom & IT, BFSI, Healthcare, Retail & eCommerce, Government & Defense, Manufacturing and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Services Type, the market is segmented into Application Portfolio Assessment, Application Security, Application Modernization, Web & Mobile, Cloud Application Migration and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Application Management Services Market is Projected to reach USD 57.1 Billion by 2027, at a CAGR of 18.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, Fujitsu Limited, IBM Corporation, DXC Technology Company, HCL Technologies Ltd. (HCL Enterprises), Wipro Limited, Atos Group, Capgemini SE, Cognizant Technology Solutions Corporation, and Tech Mahindra Limited.
By Organization Size
By Industry Vertical
By Deployment Type
By Services Type
By Country
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