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Product Overview and Scope of Worldwide Managed Application Services Market 2019




Jun 20, 2019



A new market study, titled “2019 Global and Regional Managed Application Services Market Research Report Forecast 2025”, has been featured on WiseGuyReports.

Report Description:

Managed Application Services, otherwise called Application Outsourcing or Applications Managed Service, is the technique for re-appropriating their administration benefits by offering master IT experts’ procedures to keep up, support just as upgrade an association’s key application territories to enable them to concentrate on their center skills.

Demand Scenario

The worldwide oversaw application administrations market was USD 5.32 billion of every 2018 and is evaluated to reach USD 13.55 billion by 2025 at a CAGR of 14.29% during the gauge time frame

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Growth by Region 
North America leads the market owing to the high concentration of service providers in the region. Also, the companies in the region are well-versed with business values as well as cost benefits. However, Asia-Pacific region is expected to witness the highest CAGR during the forecasted period due to the favorable government initiatives thus encouraging the adoption of managed cloud application service in the region.

Drivers vs Constraints 
The market is mainly driven by rising demand for end-to-end application hosting, an increment in hybrid model adoption as well as a rise in demand for outsourcing of repetitive application maintenance tasks. However, the growth of the market is hindered by the high risk associated with application data security and is anticipated to be one of the prime reasons that will impede the growth of managed application services market globally.

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Industry Trends and Updates 
BMC Software, Inc., an American technology company which produces software and services and assists businesses announced that their company’s being acquired by a global investment firm KKR with plans to accelerate growth. Wipro Limited, an Information Technology, consulting and business process services company based in India has been chosen as the new technology partner of McLaren Technology Group by helping them efficiently manage application services with its next-generation managed services framework which not only offers flexibility but also boosts the productivity of high-tech automotive business of McLaren.

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Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the global.

 

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