Managed Application Services Market Size to Reach USD 16.82 Billion by 2030 | Straits Research

The global Managed Application Services Market size was valued at USD 3.65 Billion in 2021 and is projected to reach USD 16.82 Billion by 2030, growing at a CAGR of 18.5% during the forecast period (2022–2030). Managed application services involve outsourcing certain IT functions to a third-party service provider, which helps organizations manage their applications more efficiently. These services include application monitoring, maintenance, and support, ensuring optimal performance and reducing downtime.