Market Overview:
The global application service market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of XX%. The growth of the market can be attributed to the increasing demand for cloud-based application services and the growing trend of BYOD (Bring Your Own Device). However, data security and privacy concerns may restrain the growth of this market. The global application service market is segmented on the basis of type, application, and region. On the basis of type, it is divided into cloud-based and on-premises. Cloud-based services are further classified into public cloud and private cloud.
Product Definition:
Application service is a type of service that allows applications to be accessed remotely. This type of service is important because it allows users to access their applications from any location.
Cloud-Based:
Cloud-based software is a type of software service model that provides shared computer resources over the internet and allows users to access data or applications from remote locations. The cloud computing concept has evolved due to the need for efficient management of information technology (IT) infrastructure, business operations, and services across an enterprise. Cloud-based solutions are gaining popularity among small businesses as well as large organizations owing to its cost effectiveness compared with traditional on-premise solutions.
On-Premises:
On-premises is a term used for software and data that are stored on the end user's device, typically in the form of a hard drive or other storage medium. The information can be accessed locally by end users from their premises. On-premises solutions offer benefits such as easy accessibility, control over access to information, and lower costs when compared to cloud solutions.
Application Insights:
The large-sized enterprise segment accounted for the largest market share in 2017. This is attributed to the presence of a strong base of large enterprises in developed regions, which offer better infrastructure and support. Furthermore, these companies have greater resources that enable them to develop robust applications quickly. The small-sized enterprise segment is expected to witness considerable growth over the forecast period owing to increasing penetration and demand for SaaS applications from SMEs across various industry verticals. For instance, according to a study published by GAVS Technologies in 2018, nearly 70% of SMEs use online business tools compared with 50% using off-the-shelf software solutions from traditional IT vendors and 30% preferring self-developed software solutions (SMS).
Regional Analysis:
The market in the Asia Pacific region is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing IT investments and digitalization initiatives by various governments. Furthermore, growing demand for cloud-based services has resulted in increased adoption of global application service providers (ASP)s in this region, thereby driving market growth.
North America accounted for more than 25% of the overall revenue share in 2017 owing to high usage of advanced technologies such as big data analytics and IoT devices among others across various industries such as manufacturing, retail & consumer goods, healthcare & life sciences among many others. Moreover, presence of prominent players with strong financials backings will drive regional market growth over the forecast period.
Latin America is anticipated to witness substantial growth due to increasing penetration rates for smartphones and internet access across countries such as Brazil.
Growth Factors:
- Increased demand for faster and more efficient application services.
- The growing trend of Bring Your Own Device (BYOD) and the increasing popularity of mobile devices are resulting in increased demand for cloud-based applications that can be accessed from anywhere at any time.
- Rapid growth in big data and analytics is driving the need for more sophisticated application services that can handle large volumes of data quickly and efficiently.
- The increasing use of social media is creating a need for more powerful, interactive applications that can provide a rich user experience across all platforms and devices.
- Growing concerns about data security and privacy are leading to increased demand for cloud-based applications with strong security features
Scope Of The Report
Report Attributes
Report Details
Report Title
Application Service Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
By Companies
LTI, Wipro, Fujitsu, Tata Consultancy Services (TCS), PwC, Infosys, Deloitte, IBM, Oracle, Zensar Technologies, Accenture, KPIT Technologies, Cognizant, NTT Data, Tech Mahindra, DXC Technology, HCL Technologies, CGI, Tieto
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Application Service Market Report Segments:
The global Application Service market is segmented on the basis of:
Types
Cloud-Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LTI
- Wipro
- Fujitsu
- Tata Consultancy Services (TCS)
- PwC
- Infosys
- Deloitte
- IBM
- Oracle
- Zensar Technologies
- Accenture
- KPIT Technologies
- Cognizant
- NTT Data
- Tech Mahindra
- DXC Technology
- HCL Technologies
- CGI
- Tieto
Highlights of The Application Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-Based
- On-Premises
- By Application:
- Large Enterprises(1000+ Users)
- Medium-Sized Enterprise(499-1000 Users)
- Small Enterprises(1-499 Users)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Application Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Application Service is a cloud-based platform that helps businesses manage their applications and data. It provides a single point of access to applications, data, and services across the organization, making it easier for employees to work with shared resources. Application Service also offers security features that protect your data from unauthorized access.
Some of the major players in the application service market are LTI, Wipro, Fujitsu, Tata Consultancy Services (TCS), PwC, Infosys, Deloitte, IBM, Oracle, Zensar Technologies, Accenture, KPIT Technologies, Cognizant, NTT Data, Tech Mahindra, DXC Technology, HCL Technologies, CGI, Tieto.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Application Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Application Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Application Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Application Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Application Service Market Size & Forecast, 2018-2028
4.5.1 Application Service Market Size and Y-o-Y Growth
4.5.2 Application Service Market Absolute $ Opportunity
Chapter 5 Global Application Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Application Service Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Application Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Application Service Market Size Forecast by Applications
6.2.1 Large Enterprises(1000+ Users)
6.2.2 Medium-Sized Enterprise(499-1000 Users)
6.2.3 Small Enterprises(1-499 Users)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Application Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Application Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Application Service Analysis and Forecast
9.1 Introduction
9.2 North America Application Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Application Service Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Application Service Market Size Forecast by Applications
9.10.1 Large Enterprises(1000+ Users)
9.10.2 Medium-Sized Enterprise(499-1000 Users)
9.10.3 Small Enterprises(1-499 Users)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Application Service Analysis and Forecast
10.1 Introduction
10.2 Europe Application Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Application Service Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Application Service Market Size Forecast by Applications
10.10.1 Large Enterprises(1000+ Users)
10.10.2 Medium-Sized Enterprise(499-1000 Users)
10.10.3 Small Enterprises(1-499 Users)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Application Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Application Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Application Service Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Application Service Market Size Forecast by Applications
11.10.1 Large Enterprises(1000+ Users)
11.10.2 Medium-Sized Enterprise(499-1000 Users)
11.10.3 Small Enterprises(1-499 Users)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Application Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Application Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Application Service Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Application Service Market Size Forecast by Applications
12.10.1 Large Enterprises(1000+ Users)
12.10.2 Medium-Sized Enterprise(499-1000 Users)
12.10.3 Small Enterprises(1-499 Users)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Application Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Application Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Application Service Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Application Service Market Size Forecast by Applications
13.10.1 Large Enterprises(1000+ Users)
13.10.2 Medium-Sized Enterprise(499-1000 Users)
13.10.3 Small Enterprises(1-499 Users)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Application Service Market: Competitive Dashboard
14.2 Global Application Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LTI
14.3.2 Wipro
14.3.3 Fujitsu
14.3.4 Tata Consultancy Services (TCS)
14.3.5 PwC
14.3.6 Infosys
14.3.7 Deloitte
14.3.8 IBM
14.3.9 Oracle
14.3.10 Zensar Technologies
14.3.11 Accenture
14.3.12 KPIT Technologies
14.3.13 Cognizant
14.3.14 NTT Data
14.3.15 Tech Mahindra
14.3.16 DXC Technology
14.3.17 HCL Technologies
14.3.18 CGI
14.3.19 Tieto
