Managed Services Market:
Growth opportunities in the Managed Services Market look promising over the next six years. This is mainly due to the focus on meeting the demand of changing business operations and the rising shortage of skilled IT professionals.
Managed Services Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Several drivers stimulating the growth of the global managed services market include the augmenting inadequacy of trained IT professionals, cost-cutting, and contracted IT budgets of the corporations, which persuades them to purchase managed services. The rising acquisition and expansion in cloud technologies which include big data, along with the modernization of existent technologies, are strengthening the managed services market size. Also, the endorsement of cloud technology by small and medium enterprises has raised the market demand. Moreover, these services assist the business organizations in managing the business process and operations smoothly without compromising effectiveness and quality. Additionally, the companies are emphasizing on escalating profit margin and fulfilling the demand of modifying business operations, thereby prompting them to choose these services. Additionally, the cloud and managed service providers are surging the demand for outsourcing managed purposes bringing out enormous growth opportunities for the market. However, as per the managed services market report, the growing domination from legitimate regulations will hinder the market demand.
Organisation Size Segment Drivers
Based on Organisation Size, Large Enterprises are expected to dominate the market over the forecast period. This is because of their rising acceptance by large enterprises than small and medium organisations. Also, these services allow the corporations to cut down the overhead expenses and improve their productivity. Moreover, the immense cost of downtime and growing data loss will fuel the market growth.
Vertical Segment Drivers
Based on the Vertical, BFSI is predicted to lead the market over the forecast period. This is mainly because of the growing implementation of these services led by the mounting demand to manage and sustain trading instruments and record, report, and calculate. MSP provides several efficient services for hosting, market data, and ultra-low latency trading.
Regional Drivers
Based on the regional coverage, North America is projected to dominate the market during the forecast period. This is owing to the intensifying espousal of these services for better profit margin.
Managed Services Market’s leading Manufacturers:
- Infosys Limited
- HCL Technologies Limited
- AT&T Inc.
- Atos
- Fujitsu Ltd.
- IBM Corporation
- TATA Consultancy Services Limited
- Cognizant
- Ericsson
- DXC Technology
- Accenture plc
- Cisco Systems, Inc.
Managed Services Market Segmentation:
Segmentation by Service Type
- Managed Security Service
- Managed Identity and Access Management
- Managed Antivirus/Antimalware
- Managed Firewall
- Managed Risk And Compliance Management
- Managed Vulnerability Management
- Managed Security Information And Event Management
- Managed Intrusion Detection Systems/Intrusion Prevention Systems
- Managed Unified Threat Management
- Managed Encryption
- Others
- Managed Network Service
- Managed Network Provisioning
- Network Monitoring and Management
- Managed Software Defined-Wide Area Network
- Managed Data Center and IT Infrastructure Service
- Storage Management
- Server Management
- Managed Print Services
- Others
- Managed Communication and Collaboration Service
- Managed Voice Over Internet Protocol
- Managed Unified Communication As A Service
- Others
- Managed Mobility Service
- Device Life Cycle Management
- Application Management
- Managed Information Service
- Business Process Management
- Managed Operational Support Systems/Business Support Systems
Segmentation by Organisation Size
- Large Enterprises
- Small and Medium-Sized Enterprises
Segmentation by Deployment Type
- On-Premises
- Cloud
Segmentation by Vertical
- Telecom
- Information Technology
- Banking, Financial Services, and Insurance
- Consumer Goods and Retail
- Manufacturing
- Healthcare and Life Sciences
- Education
- Energy and Utilities
- Media and Entertainment
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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