PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1483187
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1483187
Managed Application Services Market, By Organization Size, By End User, By Geography
The managed application services market is estimated to be valued at US$ 17.37 Bn in 2024 and is expected to reach US$ 60.22 Bn by 2031, growing at a compound annual growth rate (CAGR) of 19.4% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 17.37 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 19.40% | 2031 Value Projection: | US$ 60.22 Bn |
The managed application services market refers to the outsourcing of non-core application management functions by enterprises to specialized third-party service providers. These services help businesses focus on their core operations while experts take care of maintaining and upgrading existing applications. As organizations across industries increasingly leverage digital technologies, their reliance on various business-critical applications is also rising significantly. This growing complexity and importance of applications has prompted many to partner with managed service providers who can handle application management in a more professional and cost-effective manner. The market is projected to witness steady growth over the coming years as more organizations adopt a Manage-as-a-Service model to gain operational efficiencies.
Market Dynamics:
The key drivers propelling the managed application services market include the growing need to optimize IT costs, focus on core business functions, and demand for ensuring application performance and security. However, data privacy and security concerns still pose a challenge for wider adoption. On the positive side, the emergence of cloud-based delivery models and increasing demand from small and medium enterprises present lucrative opportunities. The integration of emerging technologies like Artificial Intelligence (AI), Internet of Things (IoT), and analytics also allows service providers to offer enhanced application management capabilities. If security and compliance issues can be addressed transparently, it will further boost the demand for managed application services across verticals.
Key features of the study:
This report provides an in-depth analysis of the global managed application services market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global managed application services market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Accenture, Atos, Capgemini, Cognizant, Fujitsu, DXC Technology, HCL Technologies, IBM, Wipro, Tech Mahindra, Amazon Web Services, Dell, Google, Infosys, Micro Focus, Oracle, and SAP
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global managed application services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global managed application services market
Market Segmentation
- By Organization Size
- Small and Medium-scale Enterprises
- Large Enterprises
- By End User
- BFSI
- Retail and E-commerce
- IT and Telecom
- Manufacturing
- Healthcare
- Other End-user Verticals
- By Regional
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- Key Players Insights
- Accenture
- Atos
- Capgemini
- Cognizant
- Fujitsu
- DXC Technology
- HCL Technologies
- IBM
- Wipro
- Tech Mahindra
- Amazon Web Services
- Dell
- Infosys
- Micro Focus
- Oracle
- SAP
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Organization Size
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New System Launches/Approvals
- Impact of the COVID-19 Pandemic
4. Global Managed Application Services Market, By Organization Size, 2019-2031 (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Small and Medium-scale Enterprises
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Large Enterprises
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
5. Global Managed Application Services Market, By End User, 2019-2031 (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- BFSI
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Retail and E-commerce
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- IT and Telecom
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Manufacturing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
6. Global Managed Application Services Market, By Region, 2019-2031 (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- North America
- Regional Trends
- Market Size and Forecast, By Organization Size, 2019-2031 (US$ Billion)
- Market Size and Forecast, By End User, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Organization Size, 2019-2031 (US$ Billion)
- Market Size and Forecast, By End User, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Organization Size, 2019-2031 (US$ Billion)
- Market Size and Forecast, By End User, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- China
- India
- ASEAN
- Australia
- South Korea
- Japan
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Organization Size, 2019-2031 (US$ Billion)
- Market Size and Forecast, By End User, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Organization Size, 2019-2031 (US$ Billion)
- Market Size and Forecast, By End User, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- GCC Countries
- South Africa
- Rest of the Middle East & Africa
7. Competitive Landscape
- Company Profiles
- Accenture
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Atos
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Capgemini
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Cognizant
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Fujitsu
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- DXC Technology
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- HCL Technologies
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- IBM
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Wipro
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Tech Mahindra
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Amazon Web Services
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Dell
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Google
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Infosys
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Micro Focus
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Oracle
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- SAP
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Accenture
8. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
9. Research Methodology
- References
- Research Methodology
- About us and Sales Contact
