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Application Management Services Market to Showcase 7.23% Year-Over-Year Growth in 2020|Featuring Accenture Plc and Capgemini Services SAS among others |Technavio
NEW YORK, March 5, 2021 /PRNewswire/ -- Technavio has been monitoring the application management services market and it is poised to grow by USD 47.56 billion during 2020-2024, progressing at a CAGR of about 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Get a Free sample report in MINUTES
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have at Par impact on the application management services market.
Frequently Asked Questions:
- Based on segmentation by type, which is the leading segment in the market?
The discrete AMS is the leading segment in the market.
- What are the major trends in the market?
The increasing demand for hosted AMS is the major trend in the market.
- At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of about 8%.
- Who are the top players in the market?
Accenture Plc, Capgemini Services SAS, Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Fujitsu Ltd., Infosys Ltd., International Business Machines Corp., Tata Consultancy Services Ltd., and Wipro Ltd. are the top players in the market.
- What are the key market drivers and challenges?
The market is driven by the need for better business productivity. However, the difficulties in keeping pace with changing customer demand will challenge growth.
- How big is the North American market?
36% of the market's growth will originate from North America during the forecast period.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accenture Plc, Capgemini Services SAS, Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Fujitsu Ltd., Infosys Ltd., International Business Machines Corp., Tata Consultancy Services Ltd., and Wipro Ltd. are some of the major market participants. Although the focus on real-time decision-making will offer immense growth opportunities, the difficulties in keeping pace with changing customer demand are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this application management services market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Application Management Services Market 2020-2024: Segmentation
The application management services market is segmented as below:
o Discrete AMS
o Embedded AMS
o North America
o South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43884
Application Management Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The application management services market report covers the following areas:
- Application Management Services Market Size
- Application Management Services Market Trends
- Application Management Services Market Industry Analysis
This study identifies increasing demand for hosted AMS as one of the prime reasons driving the application management services market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Application Management Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist application management services market growth during the next five years
- Estimation of the application management services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the application management services market across North America, Europe, APAC, MEA, and South America
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of application management services market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Discrete AMS - Market size and forecast 2019-2024
- Embedded AMS - Market size and forecast 2019-2024
- Market opportunity by Type
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers - Demand led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Accenture Plc
- Capgemini Services SAS
- Cognizant Technology Solutions Corp.
- Deloitte Touche Tohmatsu Ltd.
- DXC Technology Co.
- Fujitsu Ltd.
- Infosys Ltd.
- International Business Machines Corp.
- Tata Consultancy Services Ltd.
- Wipro Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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