Cloud Migrations and Heavy Digital Transformations in Emerging Markets to Drive the Global Application Management Services (AMS) Market to Witness the Robust Growth through 2030
Industry Experts, Inc. introduced the new market research report entitled "Global Application Management Services (AMS) Market – Service Types, Deployment Types, Company Types and Industry Sectors ". According this report, the global market for AMS is estimated at US$40.6 billion and forecast to be US$48 billion in 2025 and further projected to grow by a CAGR of 18% between 2024 and 2030 to reach US$113.4 billion by 2030. North America dominates the global market with a share of 30% in 2024 while Asia-Pacific is anticipated to grow robustly with a CAGR of ~22% during the same period to surpass North America in 2026 and become the largest market and will attain a share of 33% by 2030.
The demand for Application Management Services (AMS) is being driven by a number of factors, which are making businesses restructure their techniques of application management. With more and more companies migrating their applications to the cloud because of scalability, flexibility and cost-effectiveness, a major trend being observed is a marked shift towards cloud-based AMS. As a result, AMS providers having proficiency in managing cloud-native applications are much in demand. Another factor driving demand is the increasing emphasis on automation and AMS solutions powered by AI.
The Banking, Financial Services & Insurance (BFSI) sector constitutes the largest end-user of Application Management Services (AMS) with share accumulating at 15.4% in 2024. Companies in this area are responsible for storing and making use of a substantial amount of classified and sensitive financial data, the leakage of which can result in significant losses for stakeholders. The growth in Fintech applications has also been a game changer in the financial services market, since these innovations need to be integrated with existing applications to result in a complex and dynamic environment.
This report studies the Application Management Services (AMS) market across all major regions including North America (The United States, Canada and Mexico), Europe (Germany, the United Kingdom, France, Italy, the Netherlands, Spain, Russia, Switzerland and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Singapore, South Korea and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile, Peru and Rest of South America) and Middle East & Africa (United Arab Emirates, South Africa, Egypt, Saudi Arabia, Morocco, Kuwait, Qatar and Rest of Middle East & Africa).
The study analyzes the AMS market based on Service Type – Application Modernization, Application Portfolio Assessment, Application Security, Cloud Application Migration, Mobile Application Security, Web Application Security and Other Service Types; Deployment Type – Hosted and On-Premises; Company Type – Large Enterprises and SMEs; and Industry Sector – BFSI, Construction, Energy & Utilities, Government, Healthcare & Life Sciences, IT & Communication, Manufacturing, Retail & Ecommerce, Tourism & Hospitality, Transportation and Others.
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