How big is the Managed Application Services Market?

The Managed Application Services Market size is expected to reach USD 11.13 billion in 2024 and grow at a CAGR of 1.86% to reach USD 12.21 billion by 2029. Read More

What is the current Managed Application Services Market size?

In 2024, the Managed Application Services Market size is expected to reach USD 11.13 billion. Read More

Who are the key players in Managed Application Services Market?

HCL Technologies Limited, Fujitsu Ltd., IBM Corporation, Virtustream, Inc. and Wipro Limited are the major companies operating in the Managed Application Services Market. Read More

Which is the fastest growing region in Managed Application Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Managed Application Services Market?

In 2024, the North America accounts for the largest market share in Managed Application Services Market. Read More

What years does this Managed Application Services Market cover, and what was the market size in 2023?

In 2023, the Managed Application Services Market size was estimated at USD 10.93 billion. The report covers the Managed Application Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Managed Application Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Managed Application Services Market Share

Statistics for the 2023 & 2024 Managed Application Services market share, created by Mordor Intelligence™ Industry Reports. Managed Application Services share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Managed Application Services Industry

The competition within the managed application services market is high among the market players without any specific dominating player. The competition results are based on the enterprise's best features of high quality and services at a reasonable price. Some significant players in the market are IBM Corporation, HCL Technologies Limited, WIPRO Limited, Fujitsu Ltd., and others. Some of the recent trends in the market are as follows:

May 2022 - Microsoft launched a new managed service category known as Microsoft Security Experts. The service provides organizations with assistance from external security experts who can perform threat hunting and managed detection and response tasks. For businesses, the service enables on-site security teams to supplement their capabilities with assistance from off-site Microsoft experts.
February 2022 - IBM partnered with SAP (NYSE: SAP) to provide technology and consult experts to help clients embrace a hybrid cloud approach and migrate mission-critical workloads from SAP solutions to the cloud in regulated and non-regulated industries. As part of the RISE with an SAP offering, IBM is the first partner to provide cloud infrastructure and technical managed services.
Moreover, as clients consider hybrid cloud strategies, moving the workloads and applications that are the backbone of their enterprise operations necessitates a highly secure and reliable cloud environment. With the launch of the IBM supplier option for RISE with SAP, clients have the tools to help accelerate the migration of their on-premise SAP software workloads to IBM Cloud, backed by industry-leading security capabilities.
In addition, IBM is launching a new program called BREAKTHROUGH with IBM for RISE with SAP, which includes a portfolio of solutions and consulting services to help accelerate and amplify the journey to SAP S/4HANA Cloud. The solutions and services, built on a flexible and scalable platform, use intelligent workflows to streamline operations. They offer an engagement model that aids in the planning, execution, and support of holistic business transformation. Clients are also given the option and flexibility to migrate SAP solution workloads to the public cloud with the help of deep industry expertise.