MANAGED APPLICATION SERVICES MARKET ANALYSIS

Many large enterprises have established relationships with internal IT teams or other vendors, making them reluctant to change providers. Additionally, different industries have varying security and compliance needs, requiring specialized expertise that not all providers can offer. Budget constraints also challenge the market, as businesses seek to minimize ongoing costs.

Market Opportunities: Demand for Managed Services in the Era of Cloud-Based Applications and Infrastructure

The continued transition to cloud-based applications and infrastructure creates the demand for external management. Regulated industries in particular seek partners with deep experience in tasks like managing software updates. Application innovations in fields, such as AI and IoT, also generate new integration and support requirements.