Managed Application Services Market Analysis, Share and Forecast 2024-2032

  2. by vishalguptaimarc
  3. September 3, 2024

IMARC Group's report titled "Managed Application Services Market Report by Service (Operational Services, Application Service Desk, Application Hosting, Application Security and Disaster Recovery, Application Infrastructure), Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), Application (Web-Based Applications, Mobile Applications), Industry Vertical (BFSI, Telecom and IT, Government, Healthcare, Retail, Energy and Utilities, and Others), and Region 2024-2032". The global managed application services market size reached US$ 14.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 40.5 Billion by 2032, exhibiting a growth rate (CAGR) of 12.3% during 2024-2032.

 

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/managed-application-services-market/requestsample

 

Factors Affecting the Growth of the Managed Application Services Industry:

  • Increasing Adoption of Cloud Computing:

Organizations are shifting their operations to the cloud to leverage its scalability, flexibility, and cost-efficiency. Cloud platforms offer a robust environment for deploying and managing applications, which can be complex and resource-intensive for in-house information technology (IT) teams to handle. Managed application services (MAS) provide businesses with the expertise needed to optimize cloud applications, ensuring seamless performance and reducing downtime. As cloud technologies evolve, companies require specialized services to navigate the complexities of multi-cloud environments, integrate applications, and maintain security. This growing reliance on cloud computing is driving the demand for MAS providers who can offer tailored solutions, continuous monitoring, and proactive management, allowing businesses to focus on their core operations while benefiting from enhanced application performance and reliability.

  • Emphasis on Business Agility and Innovation:

MAS enables organizations to rapidly adapt to market changes and technological advancements by providing specialized support for application development, deployment, and management. These services help companies reduce time-to-market for new products and services, enhance client experiences, and streamline operations. By outsourcing application management to experts, businesses can leverage the latest technologies and best practices without investing heavily in internal resources. This shift towards MAS allows companies to focus on strategic initiatives and innovation rather than routine maintenance tasks. Moreover, MAS providers often offer insights and recommendations based on industry trends and data analytics, empowering businesses to make informed decisions and drive continuous improvement.

  • Growing Complexity of IT Infrastructure:

Modern IT environments are characterized by a diverse mix of on-premises systems, cloud platforms, hybrid architectures, and a myriad of applications that need to interoperate seamlessly. Managing such a heterogeneous infrastructure requires specialized skills and continuous monitoring to ensure optimal performance, security, and compliance. Organizations often need more in-house expertise to handle these complexities effectively. MAS providers offer comprehensive solutions that include application monitoring, performance optimization, security management, and compliance assurance. By leveraging MAS, businesses can offload the burden of managing intricate IT ecosystems to experienced professionals who use advanced tools and methodologies. This ensures that applications run smoothly and securely, reducing operational risks and freeing up internal resources to focus on strategic initiatives.

Leading Companies Operating in the Global Managed Application Services Industry:

  • BMC Software Inc.

  • DXC Technology

  • Fujitsu Limited

  • HCL Technologies Limited (HCL Enterprise)

  • International Business Machines Corporation

  • Lumen Technologies Inc.

  • Mindtree Ltd. (Larsen & Toubro Ltd.)

  • NaviSite Inc.

  • Rackspace Technology Inc.

  • Unisys Corporation

  • Virtustream (Dell Technologies Inc.)

  • Wipro Limited

Managed Application Services Market Report Segmentation:

By Service:

  • Operational Services

  • Application Service Desk

  • Application Hosting

  • Application Security and Disaster Recovery

  • Application Infrastructure

Operational services exhibit a clear dominance in the market accredited to the growing need for efficient management and optimization of business processes and IT operations.

By Organization Size:



  • Small and Medium-sized Enterprises (SMEs)

  • Large Enterprises

Large enterprises represent the largest segment, as they require comprehensive managed application services to handle complex and large-scale IT environments.

By Application:

  • Web-Based Applications

  • Mobile Applications

Mobile applications hold the biggest market share attributed to the increasing reliance on mobile platforms for business operations and client engagement.

By Industry Vertical:

  • BFSI

  • Telecom and IT

  • Government

  • Healthcare

  • Retail

  • Energy and Utilities

  • Others

BFSI accounts for the majority of the market share due to the growing demand for managed services to ensure compliance, security, and efficient management of financial applications.

Regional Insights:

  • North America (United States, Canada)

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

  • Latin America (Brazil, Mexico, Others)

  • Middle East and Africa

North America dominates the market owing to its advanced IT infrastructure, high adoption rate of managed services, and rising presence of leading service providers.

Global Managed Application Services Market Trends:

The integration of artificial intelligence (AI) and machine learning (ML) into application management is enabling predictive analytics, automated issue resolution, and enhanced decision-making capabilities, thereby improving application performance and reducing downtime.

Moreover, the increasing adoption of DevOps practices, which streamline the development, deployment, and management of applications, is fostering collaboration between development and operations teams. This approach accelerates delivery cycles and enhances application quality.

Additionally, the rise of edge computing is creating opportunities for MAS providers to manage applications closer to data sources, improving latency and performance for critical applications.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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