Global Managed Application Services Market to Reach $8.9 Billion by 2026

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Managed Application Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 6137
Companies: 94 - Players covered include BMC Software, Inc.; CenturyLink, Inc.; Fujitsu Ltd.; HCL Technologies Ltd.; IBM Corporation; MindTree Ltd.; NaviSite, Inc.; SMS Management & Technology Ltd.; Unisys Corporation; Virtustream, Inc.; Wipro Limited; Yash Technologies and Others.
Coverage: All major geographies and key segments
Segments: Service (Operational Services, Application Service Desk, Application Hosting, Application Security & Disaster Recovery, Application Infrastructure); Vertical (BFSI, IT & Telecom, Government, Retail & eCommerce, Healthcare & Life Sciences, Manufacturing, Energy & Utilities, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Managed Application Services Market to Reach $8.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Managed Application Services estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$8.9 Billion by 2026, growing at a CAGR of 19.3% over the analysis period. Operational Services, one of the segments analyzed in the report, is projected to record a 20.5% CAGR and reach US$3.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Application Service Desk segment is readjusted to a revised 19.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $1.6 Billion by 2026
The Managed Application Services market in the U.S. is estimated at US$1.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2026 trailing a CAGR of 18.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.4% and 16.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR.

Application Hosting Segment to Reach US$1.7 Billion by the year 2026
In the global Application Hosting segment, USA, Canada, Japan, China and Europe will drive the 19.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$441.2 Million in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.