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 tp fuel the Saas Market as well . Web applications , web services , Client-server systems , Content management , Reporting , Integration of different systems within an organisation 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 .
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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 .
An important component of next generation application services includes techniques that can help developers integrate rapid application updates . Application . Vendors who offer these next generation services should be carefully assessed for specific quality standards that can optimize agility and responsiveness of the business which account for increased savings and continuous improvements . Growing needs to maintain confidential data and providing security to clients is crucial and can be handled by application services that include performance monitoring and tuning , databases and maintenance , encryption and decryption and use of private and public keys