The present disclosure relates to method and a system for monitoring application services in network. The system comprises ASM client and ASM server. The ASM client is configured in UE to monitor parameters related to applications in UE. The ASM server monitors VAL server based on parameters associated with VAL server. The ASM server obtain status information of VAL server by performing either pull procedure, push procedure, and subscribe-notify procedure. Further, the ASM server provides the status information to one or more entities for performing one or more actions. Thus, the present disclosure facilitates the system to monitor the application services and indicate one or more entities to perform corrective actions to provide seamless and uninterrupted services to users.