Global Application Management Services Market 2017-2021
AMS help organizations manage their business applications to increase operational efficiency and effectiveness. These services also support business growth and help organizations evolve with the changing business directions. The main stages involved in AMS are application development, monitoring, maintenance, and support.
Technavio’s analysts forecast the global AMS market to grow at a CAGR of 4.75% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global AMS market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of AMS.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global AMS Market 2017-2021
Technavio recognizes the following companies as the key players in the global AMS market: Accenture, IBM, Infosys, and TCS
Other Prominent Vendors in the market are: Atos Origin, Bourntec Solutions, Capgemini, Cognizant, CSC, Deloitte, Fujitsu, HP, Iblesoft, Ingenuity Technologies, L&T Infotech, Logica, Tech Mahindra, NTT Data, Wipro, and Xerox
Commenting on the report, an analyst from Technavio’s team said: “The traditional on-premises deployment of AMS is slowly being taken over by single and multi-tenant hosted services. These solutions are becoming an increasingly popular option for deploying enterprise software. In addition to the increased adoption of SaaS-based solutions by SMEs, hosted AMS are gradually being used by large enterprises. The software available over the Internet in a subscription model is more flexible than the SaaS-based model. Many vendors have also begun to offer their AMS through the SaaS-based model to expand their services and enter new markets. In addition, the economic challenges encountered by organizations require them to adopt SaaS-based models as a cost-cutting alternative.”
According to the report, the need to improve business productivity and gain competitive advantages, such as optimization of capacity, reduction of lead time and cost, and increased profitability through IT infrastructure, is a major factor that drives the market. AMS enhance the organizational process by improving quality control and inventory control, which in turn, helps organizations improve their productivity and efficiency. The increasing importance of scalable IT systems are leading enterprises to look for business solutions that can accelerate the growth of an organization by effectively managing the business AMS. Over the last few years, many companies have deployed AMS to improve productivity, meet business demands, and remain competitive in the market.
Further, the report states that organizations generally use different legacy systems, processes, applications, AMS, and data sources as part of their IT set-up. However, the integration of new AMS with existing legacy systems is a challenge to most vendors in the market. Visualization of their impact on the existing systems is essential before any new implementation. Vendors need to have a thorough understanding of the functionality, design, operation, and performance of existing systems. Lack of a sound understanding of existing systems has been a nagging issue for vendors. Furthermore, organizations need to anticipate the types of change that will be required as part of integration process. Therefore, the integration of application services with existing legacy systems creates hurdles in the smooth functioning of the AMS, which may reduce the efficiency of these services.
Accenture, IBM, Infosys, TCS, Atos Origin, Bourntec Solutions, Capgemini, Cognizant, CSC, Deloitte, Fujitsu, HP, Iblesoft, Ingenuity Technologies, L&T Infotech, Logica, Tech Mahindra, NTT Data, Wipro, and Xerox
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