Managed application services are the usage of the outsourcing certain processes and the function that are wished to enhance the operations and the cut expenses on a proactive method. It simplifies the IT operations, rises the satisfaction of the user and then enhances the service quality and standard while decreasing the operating price. Managed services choice range from short term to go live assistance to enduring application operation.
The managed application services market was valued at US$ 3.64 Bn in 2021 and is forecast to reach a value of US$ 20.94 Bn by 2030 at a CAGR of 21.9% between 2022 and 2030.
Figure 1: Global Managed Application Services Market Value (US$ Bn) Analysis and Forecast, 2017 - 2030
North America held a dominant position in the Global Managed Application Services Market Share in 2021
North America held dominant position in the Global Managed Application Services Market in 2021, accounting for 35.7% share in terms of volume.
Figure 2: Global Managed Application Services Market Share (%), By Region, 2021
In November 2019, Fujitsu’s methods achieved AWS Managed Service Provider status for the integration or the combining capacities in the leveraging cloud infrastructure and the application migration to fuel the customers’ digital change. The AWS MSP partner program is made for the AWS PAN. Consulting collaborators who are efficient at the cloud infrastructure and the usage migration and then offer the value to the consumers by providing a proactive monitoring automation.
In October 2020, Fujitsu Limited declared the approval of its Fujitsu Hybrid IT service, that is designed with the latest technologies and the model of the delivery, by providing the comprehensive assistance for the end users Hybrid IT environment. This would offer a combination of the industry standard OSS, ISV and Fujitsu middleware along with a container.
|Base Year:||2021||Market Size in 2021:||US$ 3.64 Bn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||21.9 %||2030 Value Projection:||US$ 20.94 Bn|
Fujitsu Limited, Mindtree Limited, IBM Corporation, Wipro Limited, Unisys Corporation, CenturyLink Inc., Virtustream Inc. and HCL Technologies Limited
|Restraints & Challenges:||
Application Hosting Services are computing the platforms that let the delivery or the transfer of the software through the internet. Application hosting services offers an operational or the working platform for the virtually any form of software application. Content management application, e-mail management application and many more among these are anticipated to augment the growth of the managed application services market.
With the rise in the demand for the integrated application hosting services, the sellers and the industries are shifting to the cloud that offers them with the flexibility and the enhanced security and the scalability , ease of the integration amidst others hence driving the growth of the managed application services market.
Though the need of the managed application services offer exclusive advantages the main challenge such as the reliability concerns are anticipated to hinder the growth of the global managed application services market in the upcoming future. The method of hiring a MAS to host the critical infrastructure comprises of the belief that the providers may continue a relationship with them.
Many enterprises are diving much deeper into the internet of things, the necessities for thje operational intelligence-oriented data analysts is also rising. Anyhow, the enterprise are experiencing problems of the shortage of the skill for the functioning of IoT and cloud methods which is anticipated to hinder the growth of the global managed application services market.
Moreover, the managed application services market is possibly to be characterized as a vastly competitive industry regarding the rate of the collaborators and the acquirements. Moreover, the merged managed application service offerors might realize the requirement of the adoption of MSSP business models.
Cybersecurity compliance needs that are compulsory by the state and the local regulatory also fuel the requirement of the managed application services to be focused on the security. Additionally, as the dedicated on premise hardware for the computing purpose would reduce and many functionalities would become very intense.
Market Key Takeaways/Trends:
Managed application services is anticipated to take a new dimension and module with the ongoing alteration in the technological trends in the market. Many of the pioneers and the industrialists such as IBM, HCL Technologies have been inoculating the cloud platforms to cater the client requirements. These organizations have been working with the hybrid cloud platforms that offers the transparency to its customers.
Cloud computing will make the platform for other services improvements and the developments such as the Artificial intelligence and the machine learning. The cybersecurity has been playing a central in the easy flow of the remote work. The robotic process automation, which is initially reviewed as a distinct technology.
Major companies involved in the managed application services are Fujitsu Limited, Mindtree Limited, IBM Corporation, Wipro Limited, Unisys Corporation, CenturyLink Inc., Virtustream Inc. and HCL Technologies Limited.
Value can only be achieved form an enterprise resource planning method if a managed application service is in a place, assisted by the tried and tested methods and the tools. The organizations have observed that the five key dimensions to grow a top class application support framework. Strategy, governance. Organization, Process and technology.
The outsourcing is being a very competitive plan to several organizations which are assisting them in several ways such as bringing the expertise to their services, decreasing the investments in the non-critical functions and the services gives the organization the pliability to act with the decreased financial burdens amidst others.
Managing the official compliance has been enormously challenging particularly for the banks. For the past few years, the volume of the regulation has increased dramatically and the new official mandates continue unabated which is anticipated to hinder the growth of the global managed application services market.
The rising adoption of the hyper-scale data centers combined with the cloud computing is anticipated to augment the adoption of the solutions, such as the managed application services moving further. Cisco Systems evaluated the number of hyperscale data centers by the end of 2021 and is anticipated to reach 628 from 259 in the year 2015.
Key features of the study: