Report Overview

A rapid increase in bring your own device (BYOD) trend among businesses, in demand for mobile apps and strong mobile app management services, in cloud computing analytics, social computing, and cognitive computing could propel the growth of UAE Application Management Services (AMS) Market at a significant growth rate during the forecast period.

UAE Application Management Services (AMS) Market – Industry Trends & Forecast Report 2028 

UAE Application Management Services (AMS) Market is expected to expand at an impressive CAGR of 15.7% during 2022–2028 (forecast period). Main growth factors for the UAE AMS market include an increasing use of bring your own device (BYOD) in workplaces and a rising demand for mobile applications and strong mobile app management services. Increasing adoption of cloud computing technologies among UAE businesses and companies aiming to profit from analytics, social computing, and cognitive computing could also fuel the growth of UAE AMS market during the period in analysis. For instance, cloud solutions are created to provide users with a quick, potent, dependable, secure, and reasonably priced platform for hosting critical business applications. The market for AMS is expanding as a result of increased demand for next-generation technology integration and the need to align legacy systems with changing corporate structures.

UAE Application Management Services (AMS) Market – Overview

A framework known as an application management service (AMS) outsources administration using a unique, well-defined collection of policies, processes, procedures, templates, and standards. Many organizations provide such services as application management services. Companies that agree to offer AMS have an expertise in the IT industry or with applications of a similar nature for businesses in the IT industry. Businesses outsource AMS to other organizations to efficiently manage their internal application operations. It comprises offering maintenance, updation, and augmentation services as well as support for applications during their entire lifecycles. An enterprise application management service is also promoted. Several companies with skills in AMS are hired to provide AMS services.

UAE Application Management Services (AMS) Market Forecast and Trends

Growth Drivers 

Increasing Need for Integrating Emerging Technologies with Existing Businesses

The way services are provided to clients has witnessed some significant changes during the previous decades, going from legacy physical services to digital ones. Social media platforms that were difficult to envisage just a few decades ago have been more widely used in the UAE as a result of the development of cloud technology as well as the deepening penetration of smart phones and personal computers among organizations. Due to these developments, contemporary enterprises are being compelled to keep up with the latest technology advancements and service offerings to compete with other competitors in the market. AMS help these companies expand their application(s) portfolio and adopt modern digital transformations more readily, which has led to the market for AMS to experience significant growth in recent years and is predicted to continue during the forecast period (2022–2028).

Focus on Reducing Complexity in Current Business Processes

Modern business operating models are getting complicated, as there are more variables to consider, more data to handle, and more wants to serve. AMS solutions help reduce the workload for commercial businesses, allowing them to focus more on the commercial and organizational growth elements of operations in the UAE. AMS can aid development teams in performing better while reducing the need to engage more skilled personnel for certain activities.

Impact of COVID-19 on UAE Application Management Services (AMS) Market

During COVID-19 pandemic and subsequent lockdowns, the UAE application management services market witnessed growth. It was due to companies switching to remote working and work from home modes since COVID-19 lockdowns. Businesses have resorted to AMS and tools to help them remotely manage their software and cloud applications. Another growth factor driving the market for application management services in the UAE during the period in analysis is the growing significance of application management services and solutions in aiding the digitalization process of various small and medium-sized enterprises (SMEs).

UAE Application Management Services (AMS) Market – By Services

UAE application management services (AMS) market by services is categorized by application security, application management consulting, application managed services, application portfolio assessment, application modernization, and other segments. Among them, the application portfolio assessment segment is expected to hold highest market share by 2028, whereas the application modernization segment is expected to record the highest growth rate during the forecast period, owing to the rising trend toward web-based deployment, social media integration, and quick digitalization. During the period in analysis, demand for application management consulting is also expected to increase at significant rate.

UAE Application Management Services (AMS) Market – By Organization Size

UAE application management services (AMS) market by organization size is divided into small and medium-sized enterprises (SMEs) and large enterprises. The large enterprises segment is expected to grow at a higher CAGR during the forecast period, as large enterprises focus more on lowering capital expenditures (CAPEX) and operating expenditures (OPEX). The market growth is expected to be accelerated by system development and incorporation by enterprises, including continuous delivery and integration, as well as the rise in popularity of mobility, social tools, cloud migration, and integrated platform as a service.

UAE Application Management Services (AMS) Market – By Vertical

Based on industry verticals, UAE application management services (AMS) market is segmented into banking, financial services & insurance, healthcare & life sciences, government, energy & utilities, telecom & IT, and others. In 2021, the banking vertical holds the highest market share in UAE application management services (AMS) and is expected to continue maintain its leadership position in UAE application management services (AMS) by verticals during the forecast period.

Competitive Landscape

The market for application management services in the UAE is led by companies like 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. To create and launch new products and services in the market, these firms are increasingly engaging in partnerships.

Recent Development

• March 2022: HCL Technologies Ltd has signed collaboration agreement with NEORIS, a global digital accelerator that co-creates revolutionary solutions for digitally aspirant organisations, to provide clients in global markets with unique capabilities. These include the capacity to extend application usage duration, manage corporate operations, and provide integrated IT services.

Scope of Report

By Services

• Application Portfolio Assessment
• Application Security
• Application Modernization
• Application Managed Services
• Application Management Consulting
• Others

By Organization Size

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

By Vertical

• Banking
• Financial Services and Insurance
• Healthcare and Life Sciences
• Government
• Energy and Utilities
• Telecom and IT
• Others