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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.

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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:

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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:

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

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Type

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis


About Us

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.


Technavio Research
Jesse Maida
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SOURCE Technavio

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