Pune, March 01, 2022 (GLOBE NEWSWIRE) — The global SAP application services market is expected to grow owing to advanced level cloud platform services provided by SAP vendors. There has been a growth of cloud platforms and with this, customers have also started to experience management, integration and storage space issues but SAP vendors have provided simplified functionality which is provided in as part of SAP cloud services. In 2021, the global equipment rental market reached a market size of USD 34,280 million and with a CAGR of 6.5%, it is expected to reach a valuation of USD 53,390 million. This information will be published in an upcoming report, entitled “Global SAP Application Services Market, 2022-2028”.
The report also presents the market competition landscape and a corresponding detailed analysis of the major market players. Key players covered in this report: Breakdown data in Chapter 3.
- NTT data
- Tata Consulting Services (TCS)
- Computer graphics
- DXC Technology
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Growing acceptance of cloud platforms and business agility is expected to create demand and drive the growth of the global SAP application services market.
The COVID-19 pandemic impacted the demand for SAP applications, there was a demand for cloud-based SAP services that help to have a unified and central system. It has also forced companies to develop inherently robust supply chains.
The global SAP application services market is segmented on the basis of type, application, and geography.
Segmentation by type: distribution data from 2017 to 2022 in section 2.3; and projections to 2028 in Section 10.7.
- management services
- Implementation and upgrades
- Services after implementation
- SAP Hosting
Segmentation by application: breakdown data from 2017 to 2022, in section 2.4; and projections to 2028 in Section 10.8.
- Retail and GICs
- Telecom & IT
- Life sciences and health
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Geographically, the market is divided into Americas (United States, Mexico, Brazil, and Canada), Europe (Germany, United Kingdom, France, Italy, and Russia), Asia-Pacific (Japan, China, India, Korea, and Southeast Asia East), Latin America (Mexico and Brazil), Australia and Middle East and Africa (South Africa, Israel, Egypt, Turkey and Rest of Middle East and Africa).
North America holds the largest share of the global SAP application services market share, followed by Europe. Migration services will have a steady growth rate, large enterprises will adopt SAP applications, and in terms of industry, the BFSI industry is expected to have the largest share.
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Detailed TOC of Global SAP Application Services Market Growth (Status and Outlook) 2022-2028
1 Scope of the report
1.1 Market Overview
1.2 Years considered
1.3 Research objectives
1.4 Market research methodology
1.5 Research process and data source
1.6 Economic indicators
1.7 Currency considered
2 Executive summary
2.1 Global Market Overview
2.1.1 Global SAP Application Services Market Size 2017-2028
2.1.2 CAGR of SAP Application Services Market Size by Region 2017 VS 2022 VS 2028
2.2 SAP Application Services Segment by Type
2.2.1 Management services
2.2.2 Implementation and updates
2.2.3 Post-implementation services
2.2.4 SAP Hosting
2.3 SAP Application Services Market Size by Type
2.3.1 CAGR of SAP Application Services Market Size by Type (2017 VS 2022 VS 2028)
2.3.2 Global SAP Application Services Market Size Market Share by Type (2017-2022)
2.4 SAP Application Services Segment by Application
2.4.3 Retail and GICs
2.4.4 Telecom & IT
2.4.5 Life sciences and health
2.5 SAP Application Services Market Size by Application
2.5.1 SAP Application Services Market Size CAGR by Application (2017 VS 2022 VS 2028)
2.5.2 Global SAP Application Services Market Size Market Share by Application (2017-2022)
3 SAP Application Services Market Size by Player
3.1 SAP Application Services Market Size Market Share by Players
3.1.1 Global SAP Application Services Revenue by Players (2020-2022)
3.1.2 Global SAP Application Services Revenue Market Share by Players (2020-2022)
3.2 Global SAP Application Services Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration ratio (CR3, CR5 and CR10) & (2020-2022)
3.4 New products and potential entrants
3.5 Mergers and acquisitions, expansion
4 SAP Application Services by Regions
4.1 SAP Application Services Market Size by Regions (2017-2022)
4.2 Americas SAP Application Services Market Size Growth (2017-2022)
4.3 APAC SAP Application Services Market Size Growth (2017-2022)
4.4 Europe SAP Application Services Market Size Growth (2017-2022)
4.5 Middle East & Africa SAP Application Services Market Size Growth (2017-2022)
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