Technavio, a tech-focused market research firm, has published a new report on the global application management software (AMS) market, which is expected to grow at a CAGR of close to 5% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio’s market research analyst categorize the global AMS market into the following key regions: The Americas, APAC, and EMEA.
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Top three contributors for the global AMS market are elaborated below
AMS market in the Americas: Fueled by the growth of the industrial verticals such as the BFSI, telecom, public sector, and oil and gas, large corporations, SMEs, and government organizations in South America are experiencing a surge in the demand for AMS. The adoption of AMS is the highest in the US.
According to Amit Sharma, a lead analyst at Technavio, specializing in research on IT security, “The adoption rate is projected to increase significantly in South American countries such as Brazil, Chile, and Argentina during the forecast period. This surge is anticipated to be spurred by the implementation of technologies such as virtualization, cloud computing, and SaaS-hosted services.”
AMS market in EMEA: The market for AMS is EMEA is fueled by the increasing implementation of AMS offerings to modernize their application management methods among organizations in the region. The UK and Germany are the key leading countries in the market in EMEA in terms of overall AMS outsourcing spending.
AMS market in APAC: Modernization of the IT infrastructure in global enterprises is likely to propel the growth of the AMS market in APAC during the forecast period. Emerging technologies, such as cloud computing, mobility, analytics, and wearable devices, are also anticipated to foster the growth of the AMS market, especially in Australia.
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Top leading vendors operating in the global AMS market are:
- Accenture
- IBM
- Infosys
- TCS
Other prominent vendors in the market include Atos Origin, Bourntec Solutions, Capgemini, Cognizant, CSC, Deloitte, Fujitsu, HP, Iblesoft, Ingenuity Technologies, L&T Infotech, Logica, Tech Mahindra, NTT Data, Wipro, and Xerox.
A more detailed analysis is available in the Technavio report titled, ‘Global AMS Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Clientless Remote Support Software Market 2017-2021
- Global Internet of Things Security Market 2017-2021
- Global Operational Intelligence Market 2017-2021
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