London, 20 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Application Management Services Market in the US 2014-2018, which is expected to grow at a CAGR of 5.35 percent during 2013-2018.
Application management refers to the maintenance and support of applications and the support provided to users on a long-term basis. Application management services comprise project implementation and operational services provided to organizations to manage business applications and optimize activities. Its use helps organizations reduce operating costs, effectively manage existing and future application systems, and improve software processes. These services enable standardization and merging of different processes and system landscapes, which help reduce complexity, improve process quality, and reduce costs.
“Customer demands for better efficiency and high value service with improved business process and better quality assurance will drive the Application Management Services market in the US for outsourcing,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Need to Provide Better Service Quality
- Requirement for Increased Business Productivity
- Need to Improve Customer Interaction
- Ability of Application Management Services to Enhance Cost Savings
Key Market Trends
- Increasing Demand for Outsourcing
- Substantial Shift in IT Department Competency
- Role of IT in Linking Customers and Suppliers
Key Market Vendors
- Accenture plc
- Cognizant Technology Solutions Corp.
- Hewlett-Packard Co. (HP)
- International Business Machines Corp. (IBM)
- Tata Consultancy Services Ltd. (TCS)
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
