UAE Application Management Services Market
UAE Application Management Services Market to Grow at 15.7% during 2022-2028
Published | 26 August 2022
UAE application management market is growing positively year-over-year attributed to increasing use of bring your own device (BYOD) in companies, especially small and medium enterprises (SMEs), high demand for mobile applications, and robust mobile application management services.
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the UAE application management services market is expected to grow at a CAGR of 15.7% during 2022-2028 (forecast period). Growth in the adoption of BOYD in organizations, rising demand for mobile apps, and sophisticated mobile app management services are driving the UAE application management services market. Furthermore, a surge in cloud computing usage and organizations attempting to derive value from cloud, analytics, social computing, and cognitive computing technologies supports the market's growth.
Cost savings, quality improvement, secure compliance, and greater agility are application management’s main goals. Cloud application migration, application integration, application re-platforming, and UI modernization are all part of the application modernization services. Application-managed services provide support for unique modifications and assist with their administration and operation. The market is expanding as a result of more people using cloud computing, as well as companies aiming to profit from analytics, social computing, cognitive computing, and cloud technologies. Because of the rising need for next-generation technology integration and the requirement to adapt legacy systems to shifting organizational structures, the market for application management services is growing in the UAE.
Reduces the Burden of Current Business Processes
With more factors to consider, more data to manage, and more needs to satisfy, modern company operating models are becoming more and more complex. Application management services solutions lighten the load on commercial organizations and enable them to devote more attention to the business and growth aspects of organizational operations. Application management services can help development teams improve their performance while decreasing the requirement to hire additional trained staff for particular tasks. The UAE has made significant investments in establishing world-class IT infrastructure, hence contributing to scientific and technological advances. With well linked schools and institutions in all sectors, the country now scores high in international indexes assessing Networked Readiness and internet usage.
UAE Application Management Services Market – By Vertical
Based on vertical, the market has been segmented into banking, financial services and insurance (BFSI), healthcare and life sciences, government, energy and utilities, telecom and IT, and others, where BFSI accounted for major share, due to the growing importance of operations and the sheer complexity of activities and applications. BFSI sector is under intense pressure to cut costs and boost margins in an unsteady economy, which is expected to accelerate the growing trend toward managed services.
In the upcoming years, the healthcare segment is expected to demonstrate an increasing predisposition for application monitoring and management. Apart from this, the government segment is also expected to register growth as a result of the scarcity of skilled IT personnel, expanding operational horizons, and constant pressure to keep up with the rapidly evolving technological landscape.
Impact of COVID-19 on the UAE Application Management Services Market
Due to COVID-19 pandemic, the market for UAE application management services is registering positive growth year-over-year. Several businesses switched to remote working and work from home modes during the COVID-19 lockdowns. In order to remotely manage their software and cloud applications, enterprises turned to application management services and technologies. The rising importance of application management services and solutions in assisting the digitization process of many SMEs is another factor influencing the market for UAE application management services.
Some of the leading players in the UAE application management services market include Cognizant, HCL Technologies, Tech Mahindra Limited., ATOS SE, Capgemini, Wipro, DXC Technologies, Fujitsu, Accenture, Google LLC, Amazon Web Services, Infosys Limited, IBM Corporation, Micro Focus, Oracle Corporation, and other prominent players. Companies are majorly getting into partnerships in order to gain competitive edge. For instance, in March 2022, HCL Technologies Ltd partnered with NEORIS, a global digital accelerator that co-creates groundbreaking solutions for digitally ambitious organizations. These capabilities include the ability to prolong the period of programme usage, manage business operations, and deliver integrated IT services.
The report's in-depth analysis provides information about growth potential, upcoming trends, and UAE application management services market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in UAE application management services market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the market's growth drivers, challenges, and competitive dynamics.
BlueWeave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing qualitative and quantitative data to boost your business solution's performance. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions company providing agile assistance to make your business endeavors successful.
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