AMS Market to Grow by $74.1B from 2024-2028

 


According to Technavio, the global application management services market is expected to experience significant growth, with an estimated increase of USD 74.1 billion from 2024 to 2028. The market is projected to grow at a compound annual growth rate (CAGR) of over 28.81% during the forecast period. This growth is primarily driven by the increasing demand for application management services, fueled by the widespread adoption of personal devices in the workplace. However, one of the challenges faced by the market is the longer implementation process. 


The market is fragmented, with key players such as Accenture Plc, Capgemini Service SAS, Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Fujitsu Ltd., HCL Technologies Ltd., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., Mercer LLC, Meteorite Informatics Pte. Ltd., Mindtree Ltd., Mphasis Ltd., Resolute Technology Solutions Inc., Rimini Street Inc., ScienceSoft USA Corp., Tata Consultancy Services Ltd., Unisys Corp., and Wipro Ltd. 


For a more detailed analysis of the market, including information on regions, market segments, customer landscape, and specific companies, you can view the snapshot of the report. The report covers the base year of 2023, the historic period of 2018-2022, and the forecast period of 2024-2028. The market is expected to grow at a CAGR of 28.81% and reach a value of USD 74.1 billion by 2028. The report also provides insights into the YoY growth rate, market structure, regional analysis, performing market contribution, and key countries in the market.


More Information : https://www.techdogs.com/tech-news/pr-newswire/application-management-services-market-size-is-set-to-grow-by-usd-741-billion-from-2024-2028-demand-lead-growth-boost-the-market-technavio

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