Global Application Management Services Strategic Business Report 2023: Increase in AMS Adoption Driven by Growing Application Complexity

Dublin, Nov. 01, 2023 (GLOBE NEWSWIRE) -- The "Application Management Services: Global Strategic Business Report" report has been added to's offering.

The global market for Application Management Services estimated at US$34.2 Billion in the year 2022, is projected to reach a revised size of US$133.9 Billion by 2030, growing at a CAGR of 18.6% over the analysis period 2022-2030.

Application Portfolio Assessment, one of the segments analyzed in the report, is projected to record 18.5% CAGR and reach US$46.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Application Modernization segment is readjusted to a revised 18.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10.6 Billion, While China is Forecast to Grow at 18.2% CAGR

The Application Management Services market in the U.S. is estimated at US$10.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$23.3 Billion by the year 2030 trailing a CAGR of 18.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.4% and 15.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.

Select Competitors (Total 23 Featured) -

  • Accenture
  • Atos SA
  • Capgemini SE
  • Cognizant Technology Solutions Corporation
  • DXC Technology Company
  • Fujitsu Ltd.
  • HCL Technologies Ltd.
  • IBM Corporation
  • Tech Mahindra Ltd.
  • Wipro Ltd.

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages183
Forecast Period2020 - 2027
Estimated Market Value (USD) in 2020$23.5 Billion
Forecasted Market Value (USD) by 2027$78.2 Billion
Compound Annual Growth Rate18.7%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Application Management Services (AMS): An Introduction
  • Benefits Aplenty for Small and Large Enterprises
  • Advantages and Disadvantages of Application Management Services
  • Application Management Services Framework (AMSF)
  • Spotlight on Innovation and Business Optimization
  • Application Management Services in IT Environment
  • Application Management Services: Industry Overview
  • BFSI Segment: The Largest Adopter of AMS
  • While US Dominates the Market, Asia Pacific Grows the Fastest
  • Competitive Landscape
  • Application Management Services - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession



  • Application Management Services: Key Drivers
  • Flexibility in Scalability Achievable with Outsourcing Day to Day and Repeatable Tasks
  • Increase in AMS Adoption Driven by Growing Application Complexity
  • Facilitating Business Growth through AMS
  • Bringing Down Downtime through AMS
  • Innovations in Outsourcing Application Management Services
  • Troubleshooting and Cloud Readiness Among the Key Challenges




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Global Market for Application Management Services

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