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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
Market Report I 2024-07-01 I 136 Pages I IMARC Group
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.
Managed application services range from technical support to cloud migration that assists in keeping the application highly available and relevant for evolving business needs. They also aid in enhancing security, encouraging human resources savings, minimizing outage risks, reducing capital and operational costs, and monitoring, maintaining, and optimizing capacity and security. As a result, organizations from different industry verticals worldwide are integrating managed application services to run cloud deployment smoothly and deliver cost savings.
Managed Application Services Market Trends:
Due to the expansion of business globally and the increasing complexity of information technology (IT) infrastructure, there is a considerable need for reliable application services for secure, fast, and optimal enterprise applications performance and maintaining competitive advantage. This represents one of the key factors encouraging enterprises around the world to adopt managed application services to reduce costs and optimize operations. In addition to this, as regulatory, data, and system requirements prohibit the use of off-site solutions, small and medium-sized enterprises (SMEs) are leveraging remote managed services that provide minimal administrative overhead with maximum uptime. Apart from this, managed application services are employed to meet the demand for implementation, optimization, maintenance, performance improvement, and quality initiatives of health firms. This can also be attributed to the rapid digitization of healthcare infrastructure and the escalating demand for telehealth and remote patient services. Furthermore, service providers are providing customizable solutions to support custom web applications that are critical for the everyday operations of organizations. This, in turn, is anticipated to drive the utilization of managed application services in the telecommunication, retail and e-commerce, and banking, financial services, and insurance (BFSI) sectors in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global managed application services market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on service, organization size, application and industry vertical.
Breakup by Service:
Operational Services
Application Service Desk
Application Hosting
Application Security and Disaster Recovery
Application Infrastructure
Breakup by Organization Size:
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
Breakup by Application:
Web-Based Applications
Mobile Applications
Breakup by Industry Vertical:
BFSI
Telecom and IT
Government
Healthcare
Retail
Energy and Utilities
Others
Breakup by Region:
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.) and Wipro Limited.
Key Questions Answered in This Report:
How has the global managed application services market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global managed application services market?
What are the key regional markets?
What is the breakup of the market based on the service?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the application?
What is the breakup of the market based on the industry vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global managed application services market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Managed Application Services Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service
6.1 Operational Services
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Application Service Desk
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Application Hosting
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Application Security and Disaster Recovery
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Application Infrastructure
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Organization Size
7.1 Small and Medium-sized Enterprises (SMEs)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Large Enterprises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Web-Based Applications
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Mobile Applications
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Industry Vertical
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Telecom and IT
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Government
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Healthcare
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Retail
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Energy and Utilities
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 BMC Software Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 SWOT Analysis
15.3.2 DXC Technology
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Fujitsu Limited
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 HCL Technologies Limited (HCL Enterprise)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 International Business Machines Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Lumen Technologies Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 Mindtree Ltd. (Larsen & Toubro Ltd.)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 NaviSite Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Rackspace Technology Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Unisys Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Virtustream (Dell Technologies Inc.)
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Wipro Limited
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
Figure 1: Global: Managed Application Services Market: Major Drivers and Challenges
Figure 2: Global: Managed Application Services Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Managed Application Services Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Managed Application Services Market: Breakup by Service (in %), 2023
Figure 5: Global: Managed Application Services Market: Breakup by Organization Size (in %), 2023
Figure 6: Global: Managed Application Services Market: Breakup by Application (in %), 2023
Figure 7: Global: Managed Application Services Market: Breakup by Industry Vertical (in %), 2023
Figure 8: Global: Managed Application Services Market: Breakup by Region (in %), 2023
Figure 9: Global: Managed Application Services (Operational Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Managed Application Services (Operational Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Managed Application Services (Application Service Desk) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Managed Application Services (Application Service Desk) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Managed Application Services (Application Hosting) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Managed Application Services (Application Hosting) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Managed Application Services (Application Security and Disaster Recovery) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Managed Application Services (Application Security and Disaster Recovery) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Managed Application Services (Application Infrastructure) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Managed Application Services (Application Infrastructure) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Managed Application Services (Small and Medium-sized Enterprises (SMEs)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Managed Application Services (Small and Medium-sized Enterprises (SMEs)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Managed Application Services (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Managed Application Services (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Managed Application Services (Web-Based Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Managed Application Services (Web-Based Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Managed Application Services (Mobile Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Managed Application Services (Mobile Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Managed Application Services (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Managed Application Services (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Managed Application Services (Telecom and IT) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Managed Application Services (Telecom and IT) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Managed Application Services (Government) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Managed Application Services (Government) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Managed Application Services (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Managed Application Services (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Managed Application Services (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Managed Application Services (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Managed Application Services (Energy and Utilities) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Managed Application Services (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Managed Application Services (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Managed Application Services (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: North America: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: North America: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: United States: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: United States: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Canada: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Canada: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Asia-Pacific: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Asia-Pacific: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: China: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: China: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Japan: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Japan: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: India: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: India: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: South Korea: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: South Korea: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Australia: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Australia: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Indonesia: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Indonesia: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Others: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Others: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Europe: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Europe: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Germany: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Germany: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: France: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: France: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: United Kingdom: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: United Kingdom: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Italy: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Italy: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Spain: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Spain: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Russia: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Russia: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Others: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Others: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Latin America: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Latin America: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Brazil: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Brazil: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Mexico: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Mexico: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Others: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Others: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Middle East and Africa: Managed Application Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 88: Middle East and Africa: Managed Application Services Market: Breakup by Country (in %), 2023
Figure 89: Middle East and Africa: Managed Application Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Global: Managed Application Services Industry: SWOT Analysis
Figure 91: Global: Managed Application Services Industry: Value Chain Analysis
Figure 92: Global: Managed Application Services Industry: Porter's Five Forces Analysis
Table 1: Global: Managed Application Services Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Managed Application Services Market Forecast: Breakup by Service (in Million US$), 2024-2032
Table 3: Global: Managed Application Services Market Forecast: Breakup by Organization Size (in Million US$), 2024-2032
Table 4: Global: Managed Application Services Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Managed Application Services Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
Table 6: Global: Managed Application Services Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Managed Application Services Market: Competitive Structure
Table 8: Global: Managed Application Services Market: Key Players
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