India application management services market is expected to grow at a double digit CAGR over the next five years owing to increasing the need for business agility. Besides, the market growth can be attributed to the increased need to replace the legacy applications and rising implementation of new technologies in modern business applications. Adoption of cloud technology and rising penetration of electronic devices such as smartphones and laptops are propelling the growth of India application management services market. Emergence of newer technologies and innovations and transition to remote working and work from home modes are also positively influencing the growth of India application management services market. As modern business operations are becoming more complicated, with many variables to analyse and data to handle, companies are adopting application management services to reduce burden on quailed personnel for specific operations and focus on development. Moreover, emergence of BYOD and proliferation of mobile applications are adding to the robust demand for application management services in India. Furthermore, existence of a large number of legacy applications and open-source technology are expected to fuel the market growth.
India application management services market is segmented on the basis of services, organization size, vertical, company, and geography. Based on services, the market is further divided into application portfolio assessment, application security, application modernization, application managed services, and others. Based on organization size, the market is sub-segmented into small and medium-sized enterprises and large enterprises. The small and medium-sized enterprises segment is expected to dominate India application management services market owing to the increasing adoption of the lift-and-shift migration strategy. Based on vertical, the market is fragmented into banking, financial services, insurance, healthcare and life sciences, government, energy & utilities, telecom & IT, and others.
Some of the leading players in the India Application Management Services market are Tech Mahindra, ATOS, Capgemini, Wipro, DXC, Cognizant, IBM, HCL, Fujitsu, Accenture etc.
Objective of the Study
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of service providers across India. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the service providers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration service providers across India.
Market Insights Research calculated the market size of India
Key Target Audience
- India application management services providers
- Professional and managed service providers
- Application modernization vendors
- IT Companies
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018- 2022 and 2023E-2028F |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Services · Organization Size · Vertical |
| Regional scope | North, South, East, West |
| Key companies profiled | Tech Mahindra, ATOS, Capgemini, Wipro, DXC, Cognizant, IBM, HCL, Fujitsu, Accenture. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
