Market Dynamics of the Global Application Management Services Market

Drivers

• Increasing Need for Business Agility and Accelerated Time-to-Market
• Cloud Computing, a Major Component of the Application Management Strategy
• Emergence of BYOD and Proliferation of Mobile Apps Demand Robust Mobile App Management Services

Restraints

• Application Data Security is a Major Concern for Enterprises

Opportunities

• Existence of a Large Number of Legacy Applications, Offering Huge Revenue Opportunities
• Open-Source Technology Would Pave the Way for Untapped Possibilities

Challenges

• Application Management, a Time-Intensive Process
• Architectural and Operational Complexities
• High Investments in Application Security Offset the IT Applications Budget