Worldwide and U.S. Hosted Application Management Services Forecast, 2021-2025

Worldwide and U.S. Hosted Application Management Services Forecast, 2021-2025

  • April 2021 •
  • 17 pages •
  • Report ID: 5770128 •
  • Format: PDF
This IDC study presents forecasts of spending (customer expenditures) for the hosted application management (HAM) services market for the 2021-2025 period. This IDC document includes advice to providers of HAM services, an analysis of key market and industry trends by importing market, key market drivers and inhibitors, significant market developments, and highlights of key changes from the prior forecast. This study also updates the previous forecast published in Worldwide and U.S. Hosted Application Management Services Forecast, 2020-2024 (IDC #US46210216, April 2020).Pete Marston, research director, Worldwide Intelligent Application Services at IDC, explains, "Growth for hosted application management services did better than expected in 2020. IDC estimated worldwide revenue would be flat for 2020, but service providers proved us wrong. They were resilient through the pandemic, and growth was favorable for the year. As world economies and societies emerge from the blows that COVID-19 caused, IDC expects the hosted application management services market to continue to grow over the next five years. Cloud adoption continues to elevate, and organizations are working to migrate more of their portfolios to a cloud environment. In addition, application portfolios continue to expand, and integrated services for application hosting and application management will be sought after as buyer organizations seek to economize service providers they use and utilize hybrid hosting environments."