Market Research Report
Application Management Services
|Published by||Global Industry Analysts, Inc.||Product code||897388|
|Published||Content info||145 Pages
Delivery time: 1-2 business days
|Application Management Services|
|Published: October 1, 2019||Content info: 145 Pages||
Application Management Services market worldwide is projected to grow by US$32.1 Billion, driven by a compounded growth of 19.8%. Application Portfolio Assessment, one of the segments analyzed and sized in this study, displays the potential to grow at over 19%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$4.1 Billion by the year 2025, Application Portfolio Assessment will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 22.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.1 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.5 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Application Portfolio Assessment will reach a market size of US$227.8 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 19% over the next couple of years and add approximately US$5.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others, Accenture; Atos SA; Capgemini SE; Cognizant Technology Solutions Corporation; DXC Technology Company; Fujitsu Ltd.; HCL Technologies Ltd.; IBM Corporation; Tech Mahindra Ltd.; Wipro Ltd.