Application Management Services Market Variables, Trends and Scope

 The global application management services market is expected to reach USD 87.60 billion by 2025. An application management service comprises of combination of various implementation, projects and operational services in an organization to optimize its activities. They are used to maintain applications and support users for long term period. Operating costs can be reduced, applications systems can be improvised and software processes can be improved by implementing application management services thereby ensuring faster and better performance of business processes and applications.

Current market trend in application management services include outsourcing activities, hosting cloud applications and mobile models. There have been remarkable technological improvements and changing business models in recent times in addition to optimization of processes that drive the deployment of these applications.

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Application management includes various domains such as Application outsourcing as a part of packaged and custom management, Hosted Application Management as a part of Cloud modelling, Customized application management that employ various application factory models and best practices, testing service portfolios provided by cloud providers and traditional systems.

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.

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

Financial institutions and banks have been major clients of IT firms that develop applications that can support these institutions with a secured system. Efficient application management services optimize their performance based on transformation levers that have wee defined cost benefit analysis and adhere to implementation timelines with respect to deployment of these services. Banks and financial institutions operate in a controlled environment where margins are contracted with strict regulatory requirements. Hence, they tend to focus on continuously optimizing their processes.

Consumption-based pricing, that include having licenses and maintenance and support services cost, is a model that is slightly risky but has an increased flexibility of application management services. There is service based pricing techniques that make way for new application management services. Focus of application management services is to have continuous productivity optimization with respect to scalability, better service quality levels and commitment to faster delivery of services to clients and thus generating better business values.

Major restraints can include compatibility issues that arise from new versions of devices that do not fit in with the existing application service and enhancements that can hinder the use of systems that have been hired for these applications to run. There should also be a continuous flow from the sales pitch to the delivery of AMS.

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During the development lifecycle of an application management service, testing is done in order to check for security issues. Usually at this stage, there are no bugs found but on discovery can have heavy expenses on the organisation. Hence, it is necessary that security is taken care of from the initial requirements stage thus avoiding to rely on the testing phase. This process drives down the cost of making these applications secure instead of having to rework on the entire application again.

Key competitors in the market include Accenture, IBM, Infosys, TCS. Other prominent vendors include Atos Origin, CSC, Bourntec Solutions, , Cognizant , Deloitte , HP , Iblesoft ,Ingenuity Technologies, Logica , Fujitsu, L&T Infotech, Mahindra Systems, Capgemini , NTT Data, Wipro, Xerox. Regions that focus on this market are Americas, APAC and EMEA. Applications prevalent globally are SAP systems and ERP systems that employ integrated modules to provide a single platform and make tasks simpler.

Market Segments:

Service Outlook (Revenue, USD Million; 2014 - 2025)
• System Integration
• Support & Maintenance
• Database Management
• Consulting
• Modernization
• Others

Deployment Outlook (Revenue, USD Million; 2014 - 2025)
• On-premise
• Cloud

Application Outlook (Revenue, USD Million; 2014 - 2025)
• BFSI
• Healthcare
• IT and Telecom
• Retail
• Public Sector
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• Middle East & Africa (MEA)

Encryption Software Market Trends, Analysis and Research Report to 2024

 "The need to safeguard corporate data is driving the encryption software market"

By 2024, the global Encryption Software Market size is estimated to reach USD 8,402.9 million, which is growing at a CAGR of more than 14% over the forecast period. With the growth in the trends like Internet of Things (IoT) and Bring Your Own Device (BYOD), concerns about data security are on all-time high. These trends have further caused cyber-attacks, thefts, data breaches and commercial espionage which will drive the demand for protective software.

Developments in the terms of hardware and software in the fields of mobile technology and their increased penetration are further estimated to fuel the demand over the forecast period. The inclination of firms towards cloud computing, demand for sensitive data protection, high data volume requirements has led to increase in the demand of encryption software.

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Verticals such as BFSI and healthcare are required to comply with stringent regulations set by authorities such as the PCI, HIPPA and DSS who have formulated data security solutions which has led to application of security solutions all over the world. Intellectual properties of enterprises and users have become prone to infringement and theft on account of increase in usage of internet and rapid digitization. These risks make companies implement the security solutions. Protection provided to the sensitive data and intellectual properties of enterprises is expected to drive the market over the next few years.

However implementation of such solutions which are fairly expensive can cause challenges in the fields of budgets. Furthermore, application of these provisions is considerably time-consuming and complex, though the kind of security and safety provided balance-out the challenges such as time-consumption.

Due to well-established telecom and IT sector, North America consumed a major share. Generation of huge amounts of data that needs to be protected was the major reason behind this hiked consumption. Furthermore, increased usage of personal computers and the internet are expected to raise the demand of encryption software over the forecast period.

"Cloud encryption to witness substantial growth over the forecast period"

By 2024, the segment that is expected to witness a growth at CAGR of 19% is the cloud computing segment. Data storage being major resource of information for industries such as retail, finance and banking has caused them to incline toward cloud computing. Flexibility and scalability offered by these solutions are the main reasons for the adoption of encryption software.

At the same time with the increase in adoption of cloud computing, the need to protect the data has also escalated. Additionally, the propagation of expert data analytics has caused raise in the rate of internet usage leading to increased use of cloud encryption software. The regulated standards are set owing to the increase in the rate of growing cyber-attacks and mobile-theft.

"BFSI dominated the application segment"

BFSI segment in 2015 captured considerable market share consuming over $600 million and is expected to grow at CAGR of 15 % by 2024. Sudden spike in the number of cyber-attacks and the ever changing nature of the industry has resulted into increase in demand of security of financial data that is sensitive from theft and infringements by lowering risks and maximizing returns. The growth in adoption of cloud technologies in banking sector is expected to drive the market for next few years.

Traditional data transfer techniques such as DVDs, email and other data transfer techniques are adopted by banks for transferring the data which are highly risky keeping in mind the level at which the infringers operate. Increase in demand of such software is expected due to implementation of such techniques. Furthermore, rise in dependency on the online method of banking and the need to protect the transactions will fuel the need of encryption software over the forecast period.

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"Asia Pacific to experience robust growth; China exhibits growth potential"

In 2015, the Asia-Pacific region accounted for $500 million which is expected to increase due to organizations shifting to cloud storage facilities due to their incapacity to develop data storage infrastructures, which will surely increase the risks of losses of data, infringements and thefts escalating the demand. Countries like China and India have tremendous rate of development manufacturing sector as well as IT and telecom sector which will drive the market in the forecast period.

"The encryption software market fragmented in nature"

The key players in the market are firms like Microsoft Corporation, Cisco Systems, Symantec, EMC Corporation, Bloombase, Sophos, IBM Corporation, Intel Security and Trend Micro. These firms offer solutions to both large scale businesses and small & medium scale businesses at the same time focusing on the research and development of newer techniques of cryptography to provide optimum solutions to the clients.

Market Segment:

Deployment Outlook (Revenue, USD Million, 2013 - 2024
• On-premise
• Cloud-based

Application Outlook (Revenue, USD Million, 2013 - 2024)
• Disk Encryption
• File/Folder Encryption
• Database Encryption
• Web Communication Encryption
• Network Traffic Encryption
• Cloud Encryption
• Others

End-Use Outlook (Revenue, USD Million, 2013 - 2024)
• BFSI
• Healthcare
• Retail
• Government & Public Administration
• Telecom
• Defense & Aerospace
• Education
• Manufacturing

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Regional Outlook (Revenue, USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

Internet of Things (IoT) Market With A CAGR Of 15.2% During 2012 - 2024

 Synopsis:

The global Internet of Things (IoT) Market scope was projected at US$ 605.69 billion in 2014. It is expected to reach US$ 1.88 trillion by 2022 with a CAGR of 15.2% during the completion of the prediction period. The idea of IoT has transformed the manner, organizations through business verticals. It assists organizations in growing working efficiency and enhancing business results.

The whole lot of business verticals are experiencing a vast alteration in a proposal to deliver reachable, excellent, and reasonable services to their clienteles. New-fangled uses, an outcome of innovative technology, are being developed to discourse altering necessities of the business. IoT, in grouping with big data and cloud computing, is making profitable openings for the organizations. The growing number of connected devices and the propagation of smartphones have funded considerably to the growth of IoT.

Manufacturing sector inherently concentrating to growing their efficiency of business procedure and the productivity by way of optimal use of source. One of the important issue motivating the manufacturing sector in the direction of IoT empowered placements is having standardized and reliable united vision of the data and procedures for smooth admittance for maximum of the shareholders. The vendors of Industrial IoT have been attaining control above numerous varied industrial procedures by way of incorporating cutting-edge IoT platforms and resolutions to systematize industrialized processes.

IoT technology has been empowering retailers all over the world, to link to both - people and businesses. This permits retailers to increase understandings regarding the performance of the product and discover new-fangled methods of client engagement.

Classification:

The global Internet of Things market can be classified by Application Area, Platform, Service, Software Solution and Region. By Application Area, it can be classified as Smart mobility and transportation, Connected logistics, Smart energy and utilities, Smart retail, Smart manufacturing, Building and home automation, Banking and Financial Institutions (BFSI).By Platform, it can be classified as Network management, Device management, and Application management.

By Service, it can be classified as Managed service, Support and maintenance, Professional service, Consulting service, Deployment and integration. By Software Solution, it can be classified as Network bandwidth management, Data management, Real- time Streaming Analytics, Remote monitoring system, and Security solution.

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Regional Lookout:

By Region the global Internet of Things (IoT) industry can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America griped the biggest share of market during the past year. The issues accountable for this development consist of technical progressions, speedy digitalization through business verticals, and growing acceptance of smart connected apparatuses that have additionally powered the development in this province. It has got enormous uses, everywhere in diverse businesses. For example, a storage and warehouse company, Lineage Logistics (U.S.A.) work together with Monnit Corporation for IoT empowered sensors. Monnit Corporation delivered Lineage Logistics vibration and temperature sensors.

Increasing demand for smart devices in the U.S.A and Canada pushes the market in North America. The province is expected to top the global market during the period of forecast. Large scale implementation of technologies for example Artificial Intelligence (AI) and Cloud computing in this area adds to the development of the IoT market.

A number of mergers & acquisitions (M&A) amongst foremost companies and IT companies in North America is additional reason motivating the market. On top of North America, additional provinces for example Europe and Asia Pacific are expected to develop substantially during the period of forecast.

Companies:

Some of the important companies for Internet of Things industry are Adore board, Google, IBM, Lexalytics, Sentiance, Cogito, Kairos, Beyond Verbal, Gorilla Technology, Microsoft, Sen Sum, NVISO, Tobii, Noldus Information Technology, I Motions, Cisco, Apple, Dell Technologies , Oracle, Affectiva, Intel Corporation, Hewlett Packard Enterprise, Google, Facebook, and Microsoft.

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Market Segment:

IoT Component Outlook (Revenue, USD Billion, 2012 - 2022)
• Devices
• Connectivity
• IT Services
• Platforms

IoT Application Outlook (Revenue, USD Billion, 2012 - 2022)
• Consumer Electronics
• Retail
• Manufacturing
• Transportation
• Healthcare
• Others

IoT Regional Outlook (Revenue, USD Billion, 2012 - 2022)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA