Global Managed Application Services Market to Reach US$37.0 Billion by 2030
The global market for Managed Application Services estimated at US$10.9 Billion in the year 2023, is expected to reach US$37.0 Billion by 2030, growing at a CAGR of 19.1% over the analysis period 2023-2030. Operational Services, one of the segments analyzed in the report, is expected to record a 20.7% CAGR and reach US$14.5 Billion by the end of the analysis period. Growth in the Application Service Desk segment is estimated at 18.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$3.1 Billion While China is Forecast to Grow at 18.4% CAGR
The Managed Application Services market in the U.S. is estimated at US$3.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2030 trailing a CAGR of 18.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 17.0% and 15.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.
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