The rising trend towards digitalization, coupled with extensive adoption of smartphones, and the internet, is propelling the growth of the market.
The global application administration services market is forecast to reach USD 55.87 Billion by 2026, according to a new report by Reports and Data. The rising trend towards digitalization, coupled with the extensive adoption of smartphones, and the internet, will fuel the growth of the market. The increasing demand for managed application hosting will also boost the market growth. Application administration services reduce an organization's maintenance costs and intervals by synchronizing the design, development, and testing efforts. These services also significantly increase the performance and revenue streams of the business by improving the availability and performance of critical applications.
Application administration services overcome the risk of various forms of downtime, including IT downtime, for both the business and the customers. The team also employs best practices, which assists them in increasing the efficiency further when developing and implementing systems. This allows companies to remain focused on the core business. The services stimulate developments through simplified integration and interconnected systems. With the help of DevOps, improved cooperation and knowledge sharing between the application operations, service desk, and application development, complexities can be resolved more swiftly. This enables to solve the recurring issues and prevents unnecessary escalation, allowing the application developer to concentrate fully on development.
The global information and communications technology (ICT) market registered steady revenue growth in 2020, and market size is expected to increase further over the forecast period. Factors contributing to the global ICT market revenue growth are growing penetration of smart mobile devices such as smartphones, tablets, and smart watches, rapid adoption of state-of-the-art technologies such as AI, machine learning, Internet of Things (IoT), big data analytics, and cloud computing, and rapid digitalization across numerous industries including the banking finance, education, healthcare, automotive, oil gas, agriculture, buildings construction, and power energy industries. Increasing accessibility of the Internet across the globe, emergence of the 5G technology, growing need for faster Internet services for rapid data transfer processing, introduction of advanced Wi-Fi systems, and rising data security and user safety concerns among consumers are some of the other factors expected to drive the ICT market revenue growth.
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Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Application Administration Services market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Application Administration Services market size
2.2 Latest regional market trends
2.3 Emerging growth trends
- Competitive Outlook
3.1 Global Application Administration Services market key players
3.2 Global Application Administration Services size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Application Administration Services market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
Regional Markets Highlighted in the Global Application Administration Services Market Report:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of Middle East Africa
Top Companies Profiled in the Report:
IBM, Accenture, TCS, Infosys, CSC, Atos Origin, Cognizant, Bourntec Solutions, HP, Deloitte, Ingenuity Technologies, Iblesoft, Fujitsu, Logica, Mahindra Systems, LT Infotech, NTT Data, Capgemini, Xerox, and Wipro, among others.
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