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Yahoo
11-06-2025
- Business
- Yahoo
Data Center and Network 3P Hardware Maintenance Service Market Outlook Report 2025-2029: CAGR of 14.5% Expected for Data Center 3P Hardware Services
The data center and network 3P hardware maintenance service market is set to grow by USD 4.15 billion from 2024-2029, with a CAGR of 14.5%. Key growth drivers include increased data center spending and demand for colocation. The report offers a detailed analysis of market trends, vendor insights, and challenges. Dublin, June 11, 2025 (GLOBE NEWSWIRE) -- The "Data Center and Network 3P Hardware Maintenance Service Market 2025-2029" has been added to offering. The global data center and network 3P (third-party) hardware maintenance service market is poised for robust growth, projected to increase by USD 4.15 billion from 2024 to 2029, with a CAGR of 14.5%. This dynamic market landscape is driven by significant factors, including a rise in data center spending, escalating demand for wholesale colocation from cloud service providers, and increased data center complexities. One critical driver of market expansion is the growth of hyperscale cloud companies. Furthermore, advancements in AI, ML, DL, and the increasing implementation of IoT across industries will significantly boost market demand. The report highlights key areas such as market sizing, forecasting, and industry analysis. The comprehensive report provides an in-depth analysis of these elements, along with market size and forecast, trends, growth drivers, challenges, and vendor analysis covering approximately 25 major players. Market segmentation is detailed across various dimensions: By Application Large enterprises Small and medium enterprises By Service Type Break-fix maintenance Preventive maintenance Predictive maintenance Proactive maintenance Managed services By End-user IT and telecom Financial services Healthcare Government Others By Geographical Landscape North America Europe APAC South America Middle East and Africa The report also offers a robust vendor analysis to help clients enhance their market positioning. Notable vendors include: Capgemini Services SAS Cisco Systems Inc. Dell Technologies Inc. Equinix Inc. Fujitsu Ltd. HCL Technologies Ltd. Hewlett Packard Enterprise Co. Hitachi Ltd. Huawei Technologies Co. Ltd. International Business Machines Corp. Kyndryl Inc. Larsen and Toubro Ltd. Lenovo Group Ltd. Nlyte Software Ltd. Nokia Corp. NTT Communications Corp. Schneider Electric SE Siemens The analysis delves into upcoming trends and challenges impacting market growth, providing a strategic advantage for companies. Key Topics Covered: Executive Summary Market Analysis Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria Criticality of inputs and Factors of differentiation Factors of disruption Impact of drivers and challenges Market Landscape Market ecosystem Market characteristics Value chain analysis Market Sizing Market definition Market segment analysis Market size 2024 Market outlook: Forecast for 2024-2029 Historic Market Size Qualitative Analysis Five Forces Analysis Five forces summary Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market Segmentation by Application Market segments Comparison by Application Large enterprises - Market size and forecast 2024-2029 Small and medium enterprises - Market size and forecast 2024-2029 Market opportunity by Application Market Segmentation by Service Type Market segments Comparison by Service Type Break-fix maintenance - Market size and forecast 2024-2029 Preventive maintenance - Market size and forecast 2024-2029 Predictive maintenance - Market size and forecast 2024-2029 Proactive maintenance - Market size and forecast 2024-2029 Managed services - Market size and forecast 2024-2029 Market opportunity by Service Type Market Segmentation by End-user Market segments Comparison by End-user IT and telecom - Market size and forecast 2024-2029 Financial services - Market size and forecast 2024-2029 Healthcare - Market size and forecast 2024-2029 Government - Market size and forecast 2024-2029 Others - Market size and forecast 2024-2029 Market opportunity by End-user Customer Landscape Geographic Landscape Geographic segmentation Geographic comparison North America - Market size and forecast 2024-2029 Europe - Market size and forecast 2024-2029 APAC - Market size and forecast 2024-2029 South America - Market size and forecast 2024-2029 Middle East and Africa - Market size and forecast 2024-2029 Market opportunity By Geographical Landscape Drivers, Challenges, and Opportunity/Restraints Market drivers Market challenges Impact of drivers and challenges Market opportunities/restraints Competitive Landscape Overview Competitive Landscape Landscape disruption Industry risks Competitive Analysis Companies profiled Company ranking index Market positioning of companies For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-01-2025
- Business
- Yahoo
Custom Application Development Service Market to grow by USD 53.7 Billion from 2025-2029, driven by cloud adoption, AI's impact on market trends
NEW YORK, Jan. 29, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The global custom application development service market size is estimated to grow by USD 53.7 bn from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 9.4% during the forecast period. Increasing adoption of cloud-based services is driving market growth, with a trend towards emergence of low-code development platforms (ICDP). However, availability of open-source platforms poses a challenge. Key market players include Accenture PLC, Appinventiv Technologies Pvt. Ltd., Capgemini Services SAS, Chetu Inc., Cognizant Technology Solutions Corp., Datamatics Services Limited, DXC Technology Co., Fujitsu Ltd., HCL Technologies Ltd., Iblesoft Inc., Infanion, Infosys Ltd., International Business Machines Corp., LTIMindtree Ltd., NTT DATA Corp., Radixweb, ScienceSoft USA Corp., Software AG, Speridian Technologies, and Wipro Ltd.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Custom Application Development Service Market Scope Report Coverage Details Base year 2024 Historic period 2019 - 2023 Forecast period 2025-2029 Growth momentum & CAGR Accelerate at a CAGR of 9.4% Market growth 2025-2029 USD 53.7 billion Market structure Fragmented YoY growth 2022-2023 (%) 8.4 Regional analysis North America, Europe, APAC, South America, and Middle East and Africa Performing market contribution North America at 37% Key countries US, China, Germany, UK, Canada, India, France, Japan, Brazil, and UAE Key companies profiled Accenture PLC, Appinventiv Technologies Pvt. Ltd., Capgemini Services SAS, Chetu Inc., Cognizant Technology Solutions Corp., Datamatics Global Services Limited, DXC Technology Co., Fujitsu Ltd., HCL Technologies Ltd., Iblesoft Inc., Infanion, Infosys Ltd., International Business Machines Corp., LTIMindtree Ltd., NTT DATA Corp., Radixweb, ScienceSoft USA Corp., Software AG, Speridian Technologies, and Wipro Ltd. Market Driver Custom application development services are on the rise, with a focus on industry-specific applications and real-time data analysis. Flexible workspaces and remote work are becoming the norm, leading to cost reduction and increased agility. AI-driven chatbots and robotics automation are enhancing business processes in various sectors, including investment banking. Cloud technology is a major trend, with cloud-based software development, centralized systems, and web-based solutions offering ease of access, flexibility, and cost-effectiveness. Analytical tools and business intelligence (BI) are essential for large enterprises and SMEs in IT & telecom, retail, and other sectors, providing insights for decision-making and inventory cost reduction. Security is a top concern, with cyberattacks and cybercrimes on the rise. Investment in cyber insurance and AI, IoT, machine learning, and blockchain technologies is essential for data security. Open-source programs offer intellectual property advantages, but come with security risks. Features and functions of corporate software are evolving, with automation, performance, and scalability key priorities. Remote access and real-time information are essential for businesses in the retail, grocery, and food delivery sectors. Cloud deployment ensures reliability and data security. Mobile apps and IoT systems are transforming industries, with IoT investments in devices and analytics capabilities driving innovation. Smart technology and design are essential for user experience and adoption. Ultimately, custom application development services offer businesses a competitive edge, enabling them to streamline processes, reduce costs, and make informed decisions. The custom application development service market is witnessing a significant trend with the increasing adoption of Low-Code Development Platforms (LCDPs). These platforms enable developers to build applications with minimal hand-coding, utilizing visual interfaces and drag-and-drop features. This accelerates the development process, allowing businesses to launch custom applications swiftly and efficiently compared to conventional coding methods. LCDPs abstract much of the software development intricacies, making it more accessible to non-technical users, such as business analysts and subject matter experts. By involving these stakeholders in the application development process, the need for specialized IT resources is reduced. The architecture and design of company systems are crucial in shaping the entire process and lifecycle of enterprises. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Custom application development services help businesses create unique software solutions tailored to their industry applications. Challenges include real-time data analysis, flexible workspaces, AI-driven chatbots, robotics automation, and remote work. Cost reduction is a significant factor, with analytical tools and business intelligence (BI) essential for decision-making. Investment banking, retail, IT & telecom segments, and SMEs all benefit from cloud technology's agility, performance, and cost-effectiveness. Cloud-based software development enhances scalability, integration, and security. Open-source programs offer flexibility, but IP protection is crucial. Cross-departmental communication and automating processes are key. Industry-specific challenges include inventory costs, cyberattacks, and cybercrimes, requiring cyber insurance. Features like AI, IoT, machine learning (ML), Blockchain, robots, and data science are essential. Cloud deployment ensures ease of access and real-time information. Remote access and real-time information are vital for large enterprises and SMEs alike. Security, reliability, and data security are non-negotiable. Mobile apps, retail stores, grocery stores, and food delivery services all require customized solutions. In summary, custom application development services address industry-specific challenges, offering features like AI, IoT, ML, and Blockchain, while ensuring security, scalability, and cost-effectiveness. Cloud technology and open-source programs offer flexibility and agility, making them ideal solutions for businesses in various sectors. Open-source software platforms, such as Apache NetBeans, Apache Cordova, Eclipse IDE, and Bootstrap, offer free use and development resources for application creators. These platforms, built by and for communities of software engineers, are easily accessible on web portals. Their availability negatively impacts the revenue of proprietary application development service providers. End-users benefit from open-source software through free support, prevention of vendor lock-in, and adherence to open standards. These systems, like Apache NetBeans and Eclipse IDE, are distributed version control systems, ensuring efficient application development. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This custom application development service market report extensively covers market segmentation by Deployment 1.1 On-premise 1.2 Cloud End-user 2.1 Large enterprises 2.2 SMEs Geography 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 On-premise- Custom application development services refer to the creation of unique software solutions tailored to meet specific business requirements. On-premise deployment is a popular choice for these services, offering clients full control over their hardware and software. However, on-premise deployment comes with higher upfront costs compared to cloud deployment, which requires recurring monthly payments. Additionally, on-premise deployment offers greater data security as clients have single access points and control over their servers and data. Large companies dealing with sensitive business information often opt for on-premise application development services due to the enhanced security features. For instance, Infosys Ltd. (Infosys) helped Anglian Water develop an on-premise custom application to ensure product quality. Despite the advantages, the use of on-premise application development services is expected to decrease during the forecast period due to the high capital expenditure associated with maintaining internal servers. This trend will contribute to the growth of the global custom application development service market, as more businesses shift towards cloud-based solutions. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis Custom Application Development Service Market: Custom software development is a dynamic industry that caters to the unique needs of businesses across various sectors. The market encompasses industry applications, real-time data analysis, flexible workspaces, and advanced technologies like AI-driven chatbots and robotics automation. Remote work and cost reduction are key drivers, with analytical tools and business intelligence (BI) enabling data-driven decision-making. Machine learning and artificial intelligence are transforming business processes in sectors like investment banking, IT & telecom, and retail. Features such as real-time analytics, cross-departmental communication, and automating processes are essential. Analytics software, cloud technology, mobile apps, and services for grocery stores, grocery delivery services, and food delivery services are significant market segments. The market's continuous evolution ensures the delivery of innovative solutions that meet evolving business needs. Market Research Overview The Custom Application Development Service Market is a dynamic and evolving industry that caters to the unique software needs of businesses across various sectors. This market encompasses the development of industry applications, including real-time data analysis, flexible workspace solutions, and AI-driven chatbots. Robotics automation and remote work are also key areas of focus, offering cost reduction and enhanced performance through analytical tools and business intelligence (BI) solutions. Cloud technology plays a significant role in this market, with cloud-based software development, centralized systems, and web-based solutions enabling scalability, integration, and real-time information access. Agile methodologies and open-source programs ensure flexibility and cost-effectiveness. Key applications include investment banking, retail, IT & telecom, and SMEs. Features such as automating processes, inventory cost reduction, and decision-making capabilities are essential for businesses looking to enhance profitability and remain competitive. Security risks, including cyberattacks and cybercrimes, necessitate investment in cyber insurance and advanced security measures. IoT, AI, machine learning, and blockchain technologies are driving innovation in this market, with smart technology and data science at the forefront. Revelation of IoT systems, IoT investments, and IoT devices are transforming industries and creating new opportunities for custom application development services. Table of Contents: 1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation Deployment End-user Geography 7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@ View original content to download multimedia: SOURCE Technavio
