Application management services manage the entire business applications of an organization to increase its operational efficiency and effectiveness. Organizations need application management services to support their business growth. These services include application development, monitoring, maintenance, and support.
Analysts forecast the Global Application Management Services market to grow at a CAGR of 5.5 percent over the period 2013-2018.
The Report recognizes the following companies as the key players in the Global Application Management Services Market: Accenture plc, IBM Corp., Infosys Ltd. and Tata Consultancy Services Ltd. (TCS)
Other Prominent Vendors in the market are: Atos Origin, Bourntec Solutions, Capgemini, Cognizant, CSC, Deloitte, Fujitsu, HP, Iblesoft , Ingenuity Technologies, L&T Infotech, Logica, Mahindra System (Tech Mahindra), NTT Data, Wipro and Xerox.
One of the major trends in the market is the increased demand for hosted application management services. The hosted solution offers organizations various advantages such as low cost, improved efficiency, and easy installation. This has led to the vendors trying to provide customized solutions for their clients.
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Covered in this Report
This report covers the present scenario and the growth prospects of the Global Application Management Services market for the period 2013-2018. To calculate the market size, the report considers the revenue generated from the following segments:
Discrete Application Management ServicesEmbedded Application Management Services Global Application Management Services Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Application Management Services market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
According to the report, one key driver in this market is the need to enhance business productivity. Application management services help an organization increase the efficiency of its business process, improve business productivity, and reduce operating costs.
Further, the report states that one major challenge in this market is integration issues with existing legacy systems. Companies have to undergo several checks to ensure the application management service integrates seamlessly with other applications and is able to effectively operate with existing systems.
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