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Market Research Report

Worldwide and U.S. Application Management Services Forecast, 2021-2025

Published by IDC Product code 1002029
Published Content info 16 Pages
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Worldwide and U.S. Application Management Services Forecast, 2021-2025
Published: April 22, 2021 Content info: 16 Pages
Description

This IDC study presents forecasts of spending (customer expenditures) for the application management (AM) services market for 2021-2025. The research contained in this forecast includes advice to providers of AM services, an analysis of key market and industry trends by importing market, key market drivers and inhibitors, significant market developments, and highlights of key changes from the prior forecast. This study also updates the previous forecast published in Worldwide and U.S. Application Management Services Forecast, 2020-2024 (IDC #US46210015, April 2020).Pete Marston, research director of Worldwide Intelligent Application Services at IDC, explains, "Growth for application management services did better than expected in 2020. IDC estimated worldwide revenue would contract nearly 3%, but service providers proved resilient and growth was nearly flat for the year. As world economies and societies emerge from the devastation that COVID-19 caused, IDC expects application management services markets to recover and blossom once again. Application portfolios continue to expand, and diverse application portfolio expertise, intellectual property, and automation are what buyers are seeking from third-party providers to help achieve the corporate imperatives of enhanced agility and business growth. As a result, service provider investments in automation and analytics will continue to advance, and continued bundling of various services - such as consulting and advisory, analytics assessments, application development and testing, and modernization and migration - will aid providers with elevating services growth as the world looks to recuperate from the COVID-19 pandemic."

Table of Contents
Product Code: US47613921

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

  • Worldwide Application Management Services Forecast
    • Geographic Growth Trends
  • U.S. Application Management Services Forecast

Market Context

  • Drivers and Inhibitors
    • Drivers
      • Optimizing Financial Management
      • Ensuring Business Operations
    • Inhibitors
      • Security
      • Lack of Specific Firm Knowledge
      • Substitution
  • Significant Market Developments
  • Changes from Prior Forecast

Market Definition

Methodology

  • Market Sizing: Discrete Versus Bundled

Related Research

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