Market Research Insights Application Management Services Market | Page 2

Global cloud services market is expected to grow over 16.5 percent to a total above $204 billion up from $175
from 2015.The highest growth is expected to come from cloud system infrastructure services which includes
infrastructure as a service and is expected to have a growth rate of over 38.4 percent in the forecast period. The
largest segment in the application service market is the cloud advertising service that is expected to grow above
13.6 percent to reach over $90.3 billion. This continuous growth marks a shift away from systems maintaining
legacy infrastructure services.
IaaS is the strongest growing segment as organizations choose to drift away from infrastructure employing data
centers and move their hardware into public oriented cloud based services to store data. Few market
enterprises have become market leaders in this segment as they emphasize on differentiating the applications
they provide by bringing about new ways of storing and maintaining Data.
Software as a service (SaaS) is expected to grow at a rate of over 20.3 percent in the forecast period and have a
revenue of around 37.7 billion. Vendors in this market prefer moving to cloud based offering from on-premises
licensed software systems that are much more expensive. This trend is expected to show remarkable
improvements in the near future. Major vendors in Cloud services can is expected to fuel the Saas Market as
well.
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Web applications, web services, Client-server systems, Content management, Reporting, Integration of different
systems within an organization form customized application development. Mobile applications comprise of
Bluetooth, GSM, GPRS, SMS and MMS applications. Application management services aim at goals that result in
operational excellence and achieving measurable and specific objectives. The common objectives that
companies aim at are minimized risk, Cost reduction, improved quality, Speed to market, Standardization
Improved governance and optimized transparency.
Next generation application management services aim to balance legacy infrastructure systems while
simultaneously discovering new business opportunities. These services play a major role in improving processes
owing to reduced costs, better agility and reliability. Application management also emphasis on integration of
upcoming technologies that combine modules at different interfaces. Transformation in development and
procurement of application management services can be attributed to the upcoming technologies that are a
result of integrating social and mobile applications into cloud computed systems. Organizations now focus on
micro applications that can be created faster in shorter periods, highly collaborated and deployed
spontaneously at the earliest possible.