Growth Opportunities in the global managed services market look promising over the next six years. The growing lack of skilled IT professionals, cost minimization and reduced IT budgets of the companies, which promotes them to opt for managed services, are the key factors that are driving the growth of the global managed services market.
Managed Services Market’s leading Manufacturers:
IBM Corporation
Cisco Systems, Inc.
Fujitsu Ltd.
Accenture plc
Atos
DXC Technology
AT&T Inc.
Ericsson
Cognizant
HCL Technologies Limited
TATA Consultancy Services Limited
Infosys Limited
Managed Services Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers
The growing lack of skilled IT professionals cost minimization and reduced IT budgets of the companies, which promotes them to opt for managed services, are the major factors surging the growth of the managed services market size. The increasing adoption and advancement in cloud technologies like big data and the up-gradation of present technologies will further boost the growth of the managed services market. Small and Medium-sized Enterprises are largely adopting cloud technology, is one of the emerging managed services market trends that will encourage the demand for managed services among SMEs.
Managed services facilitate the companies to run the business process, and the operation runs smoothly without compromising quality and effectiveness. Cloud service providers and managed service providers are fuelling the demand for outsourcing management functions, which will bring various new growth opportunities to the market. According to the managed services market report, the companies are emphasizing on growing profit margin and reaching the demand of changing business operations, thus promoting them to opt for managed services. On the other hand, the factor hindering the market growth include the increasing pressure from statutory regulations across the globe.
Regional Drivers
Based on region, North America is expected to dominate the market in the upcoming years. The growing adoption of managed services to enhance profit margin is a factor is further augmenting the growth of the market.
Service Type Segment Drivers
Based on the Service Type, the Managed data center and IT infrastructure services segment are projected to increase at a higher CAGR in the upcoming years due to the shortage of IT professionals in organizations. The problem faced by the majority of the CIOs is managing IT environments. The manage Services provider offers low-cost solutions with security, which allows the players to run their operations efficiently.
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)