The most exciting regarding the Global Application Management Services Market

Very exciting to observe that, the application management services market size is expected to grow from USD 10.67 Billion in 2017 to USD 27.83 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.2%.

The major drivers of the market include increasing the need for business agility, accelerated time-to-market, emergence of BYOD, and proliferation of mobile apps demanding robust mobile app management services. 

North America is expected to hold the largest market share, due to the presence of renowned application management services providers, and stringent data security regulations and compliance. These enterprises are modernizing their legacy applications and migrating to cloud environment. 

Asia Pacific (APAC) is expected to witness the highest growth rate in the application management services market by 2022, due to the increased adoption of application management services and cloud computing. Companies in this region are migrating their core business applications to new cloud platforms to save cost. 

The major factor that is expected to limit the growth of the application management services market is the rising concern over application data security.