DUBLIN--(BUSINESS WIRE)--The "Managed Application Services Market by Service, Application Type, Organization Size, Vertical, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
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 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. However, concerns for application data secuirty and lack of trust on third party service providers are expected to limit the market growth in the coming years.
The operational services segment is expected to have the largest market share during the forecast period, as it is important for organizations to run their business applications smoothly. The operational services are responsible for the overall performance and operation of all critical business applications. Additionally, small downtime in organization's applications can lead to huge losses. Hence, organizations across the globe are investing heavily on operational services.
The mobile application type is expected to grow at a higher rate, due to its increasing adoption and deployment of applications in the mobile environment. Organizations are well versed with the business benefits that are generated by mobile applications. Furthermore, the availability of cloud-based, enterprise-grade mobile applications is said to be gaining traction among Small and Medium-sized Enterprises (SMEs), due to their cost-effectiveness and lesser maintenance charges. Hence, in the coming years, the demand for mobile application services is expected to increase.
- BMC Software
- SMS Management and Technology
- Yash Technologies
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Managed Application Services Market, By Service
7 Market By Application Type
8 Market By Organization Size
9 Managed Application Services Market, By Vertical
10 Managed Application Services Market, By Region
11 Competitive Landscape
12 Company Profiles
13 Key Innovators
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