Application management services market to grow by USD 36.43 billion between 2022 and 2027; Accenture Plc, Capgemini Service SAS, among others identified as key vendors - Technavio

NEW YORK, May 11, 2023 /PRNewswire/ -- The application management services market size is set to grow by USD 36.43 billion from 2022 to 2027, progressing at a CAGR of 20.11% during the forecast period. The research report focuses on top companies and crucial drivers, current growth dynamics, futuristic opportunities, and new product/project launches. Discover IT Consulting & Other Services industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report

Vendor Landscape

The application management services market is fragmented. The vendors compete on the basis of four major factors - price, quality, innovation, and performance. Vendors are expected to enhance their product and service delivery by investing heavily in R&D and incorporating a high degree of customization in their offerings. Vendors are launching products with the aim of improving the business brand via investment transparency and enhancing trust. They are also offering industry-specific solutions and services, such as healthcare application management, financial services application management, and retail application management. Some of the key vendors covered in the report include:

• Accenture Plc - The company offers application management service across hybrid and multi-cloud environments which automates the movement of workloads among private and public clouds, and monitors the performance and cost as part of the process.
• Capgemini Service SAS - The company offers application management services which is designed to provide full lifecycle support for business applications used by financial services and insurance firms.
• Cognizant Technology Solutions Corp. - The company offers application management services which is designed to minimize application debt, maximize automation and reduce cost across the portfolio.
• Deloitte Touche Tohmatsu Ltd. - The company offers application management services which is designed to be responsible for maintaining client applications and technology infrastructure, including enterprise resource planning software, legacy systems, portals, and middleware.
• DXC Technology Co.
• Fujitsu Ltd.
• HCL Technologies Ltd.
• Hexaware Technologies Ltd.
• Infosys Ltd.
• International Business Machines Corp.
• Mercer LLC
• Meteorite Informatics Pte. Ltd.
• Mphasis Ltd.
• Resolute Technology Solutions Inc.
• Rimini Street Inc.
• ScienceSoft USA Corp.
• Tata Consultancy Services Ltd.
• Unisys Corp.
• Wipro Ltd.
• Mindtree Ltd.

For the market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample Report

Key Market Segmentation

The market is segmented by type (discrete AMS and embedded AMS), end-user (small, medium enterprises, and large enterprises), and geography (North America, APAC, Europe, Middle East and Africa, and South America).

By type, the market growth in the discrete AMS segment will be significant over the forecast period. The segment is driven by the ability of discrete AMS software applications to communicate better within the enterprise to provide improved business results. The need to reduce costs along with improvements in the evolving business processes is another major factor driving the growth of the segment.

View Sample Report for more highlights of the market segments.

Regional Market Outlook

North America will account for 38% of the market growth during the forecast period. The regional market is driven by growth in various industry verticals, such as the BFSI, telecom, public sector, and oil and gas. In addition, the increasing need for digital transformation and the rise of e-commerce are other major factors driving the growth of the application services market in North America.

For more key highlights on the regional market share of most of the above-mentioned countries. - View Sample Report

The application management services market covers the following areas:

• Application Management Services Market Sizing
• Application Management Services Market Forecast
• Application Management Services Market Analysis

Market Dynamics

• Driver – The ability of AMS offerings to enhance cost savings is driving the growth of the market. AMS helps enterprises in centralizing their IT infrastructure for project portfolios. This aids in decision-making, improved performance, elimination of duplication of efforts, and reduced operating costs. AMS also plays a significant role in the centralized management of project portfolios, which helps organizations streamline their operations, improve their services, and enhance their overall performance. With rising globalization, managing IT infrastructure across various sites is becoming difficult and cost-intensive for large enterprises. Centralizing IT infrastructure for project portfolios through AMS can help enterprises in achieving cost savings, streamlined operations, and improved performance. Such benefits are driving the growth of the market in focus.
• Trend – The rise of hybrid application integration technology is identified as the key trend in the market. The adoption of hybrid application integration technology is increasing among enterprises with rising complications and complexities in data integration and collaboration standards. Also, evolving business integration requirements have created a need for more advanced integration platforms that can handle alterations in enterprise systems. Hybrid application integration technology offers a flexible, scalable, and efficient solution that can handle a variety of integration scenarios, including cloud-based, on-premises, and hybrid integrations. It allows businesses to streamline their operations, improve productivity, and achieve greater agility. With the rising need to stay competitive and meet the demands of the ever-changing business landscape, the demand for hybrid application integration technology will increase during the forecast period. All these factors will positively influence the growth of the market.
• Challenge – The longer implementation process of application management systems will challenge the growth of the market. The implementation of application management services requires significant investment, effort, and time. Also, application management services are cost-intensive and could take longer than expected to yield profits. This poses a challenge for companies that have limited budgets. All these factors can have a negative impact on revenue-generation opportunities for application management service providers and hinder the growth of the market.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global application management services market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global application management services market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Discrete AMS - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Discrete AMS - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Discrete AMS - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Discrete AMS - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Discrete AMS - Year-over-year growth 2022-2027 (%)

• 6.4 Embedded AMS - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Embedded AMS - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Embedded AMS - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Embedded AMS - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Embedded AMS - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ billion)
• Exhibit 43: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Small and medium enterprises - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Small and medium enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Data Table on Small and medium enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Chart on Small and medium enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Small and medium enterprises - Year-over-year growth 2022-2027 (%)

• 7.4 Large enterprises - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Large enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Large enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 56: Market opportunity by End-user ($ billion)
• Exhibit 57: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027 
• Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ billion)
• Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Accenture Plc
• Exhibit 111: Accenture Plc - Overview
• Exhibit 112: Accenture Plc - Business segments
• Exhibit 113: Accenture Plc - Key offerings
• Exhibit 114: Accenture Plc - Segment focus

• 12.4 Capgemini Service SAS 
• Exhibit 115: Capgemini Service SAS - Overview
• Exhibit 116: Capgemini Service SAS - Business segments
• Exhibit 117: Capgemini Service SAS - Key news
• Exhibit 118: Capgemini Service SAS - Key offerings
• Exhibit 119: Capgemini Service SAS - Segment focus

• 12.5 Cognizant Technology Solutions Corp. 
• Exhibit 120: Cognizant Technology Solutions Corp. - Overview
• Exhibit 121: Cognizant Technology Solutions Corp. - Business segments
• Exhibit 122: Cognizant Technology Solutions Corp. - Key news
• Exhibit 123: Cognizant Technology Solutions Corp. - Key offerings
• Exhibit 124: Cognizant Technology Solutions Corp. - Segment focus

• 12.6 Deloitte Touche Tohmatsu Ltd. 
• Exhibit 125: Deloitte Touche Tohmatsu Ltd. - Overview
• Exhibit 126: Deloitte Touche Tohmatsu Ltd. - Business segments
• Exhibit 127: Deloitte Touche Tohmatsu Ltd. - Key offerings
• Exhibit 128: Deloitte Touche Tohmatsu Ltd. - Segment focus

• 12.7 DXC Technology Co.
• Exhibit 129: DXC Technology Co. - Overview
• Exhibit 130: DXC Technology Co. - Business segments
• Exhibit 131: DXC Technology Co. - Key offerings
• Exhibit 132: DXC Technology Co. - Segment focus

• 12.8 Fujitsu Ltd.
• Exhibit 133: Fujitsu Ltd. - Overview
• Exhibit 134: Fujitsu Ltd. - Business segments
• Exhibit 135: Fujitsu Ltd. - Key news
• Exhibit 136: Fujitsu Ltd. - Key offerings
• Exhibit 137: Fujitsu Ltd. - Segment focus

• 12.9 HCL Technologies Ltd. 
• Exhibit 138: HCL Technologies Ltd. - Overview
• Exhibit 139: HCL Technologies Ltd. - Business segments
• Exhibit 140: HCL Technologies Ltd. - Key news
• Exhibit 141: HCL Technologies Ltd. - Key offerings
• Exhibit 142: HCL Technologies Ltd. - Segment focus

• 12.10 Infosys Ltd.
• Exhibit 143: Infosys Ltd. - Overview
• Exhibit 144: Infosys Ltd. - Business segments
• Exhibit 145: Infosys Ltd. - Key news
• Exhibit 146: Infosys Ltd. - Key offerings
• Exhibit 147: Infosys Ltd. - Segment focus

• 12.11 International Business Machines Corp. 
• Exhibit 148: International Business Machines Corp. - Overview
• Exhibit 149: International Business Machines Corp. - Business segments
• Exhibit 150: International Business Machines Corp. - Key news
• Exhibit 151: International Business Machines Corp. - Key offerings
• Exhibit 152: International Business Machines Corp. - Segment focus

• 12.12 Mercer LLC
• Exhibit 153: Mercer LLC - Overview
• Exhibit 154: Mercer LLC - Product / Service
• Exhibit 155: Mercer LLC - Key offerings

• 12.13 Mindtree Ltd.
• Exhibit 156: Mindtree Ltd. - Overview
• Exhibit 157: Mindtree Ltd. - Business segments
• Exhibit 158: Mindtree Ltd. - Key offerings
• Exhibit 159: Mindtree Ltd. - Segment focus

• 12.14 Mphasis Ltd.
• Exhibit 160: Mphasis Ltd. - Overview
• Exhibit 161: Mphasis Ltd. - Product / Service
• Exhibit 162: Mphasis Ltd. - Key offerings

• 12.15 Tata Consultancy Services Ltd. 
• Exhibit 163: Tata Consultancy Services Ltd. - Overview
• Exhibit 164: Tata Consultancy Services Ltd. - Business segments
• Exhibit 165: Tata Consultancy Services Ltd. - Key news
• Exhibit 166: Tata Consultancy Services Ltd. - Key offerings
• Exhibit 167: Tata Consultancy Services Ltd. - Segment focus

• 12.16 Unisys Corp.
• Exhibit 168: Unisys Corp. - Overview
• Exhibit 169: Unisys Corp. - Business segments
• Exhibit 170: Unisys Corp. - Key news
• Exhibit 171: Unisys Corp. - Key offerings
• Exhibit 172: Unisys Corp. - Segment focus

• 12.17 Wipro Ltd.
• Exhibit 173: Wipro Ltd. - Overview
• Exhibit 174: Wipro Ltd. - Business segments
• Exhibit 175: Wipro Ltd. - Key news
• Exhibit 176: Wipro Ltd. - Key offerings
• Exhibit 177: Wipro Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 178: Inclusions checklist
• Exhibit 179: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 180: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 181: Research methodology
• Exhibit 182: Validation techniques employed for market sizing
• Exhibit 183: Information sources

• 13.5 List of abbreviations 
• Exhibit 184: List of abbreviations

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