The global managed services market size reached US$ 283.3 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 551.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7.7% during 2023-2032.
Managed services refer to the process of outsourcing the partial or complete management responsibility to a third party to handle various business-related activities. They include services, such as monitoring and maintaining equipment and remotely managing systems, firewall, encryption, wireless fidelity, server, information, security, communication, servers, networks, and organization infrastructure. Managed services further help organizations in managing customer's networks, applications, storage, security, computing, and operating systems. Enterprises usually utilize these services to enable a continuous infrastructure auditing, increase productivity, provide transparency, automate business processes, track records, and improve operations. They also aid in simplifying IT operations, improving service quality, and increasing user satisfaction at reduced expenditures due to which it finds extensive applications across several industrial verticals.
2. What is the expected growth rate of the global managed services market during 2024-2032?
3. What are the key factors driving the global managed services market?
4. What has been the impact of COVID-19 on the global managed services market?
5. What is the breakup of the global managed services market based on the type?
6. What is the breakup of the global managed services market based on the deployment mode?
7. What is the breakup of the global managed services market based on enterprise size?
8. What is the breakup of the global managed services market based on the end use?
9. What are the key regions in the global managed services market?
10. Who are the key players/companies in the global managed services market?
Managed services refer to the process of outsourcing the partial or complete management responsibility to a third party to handle various business-related activities. They include services, such as monitoring and maintaining equipment and remotely managing systems, firewall, encryption, wireless fidelity, server, information, security, communication, servers, networks, and organization infrastructure. Managed services further help organizations in managing customer's networks, applications, storage, security, computing, and operating systems. Enterprises usually utilize these services to enable a continuous infrastructure auditing, increase productivity, provide transparency, automate business processes, track records, and improve operations. They also aid in simplifying IT operations, improving service quality, and increasing user satisfaction at reduced expenditures due to which it finds extensive applications across several industrial verticals.
Managed Services Market Trends:
One of the key factors driving the managed services market growth is the increasing need for secure IT infrastructure across organizations due to the rising instances of cyberattacks. In line with this, the sudden outbreak of the coronavirus disease (COVID-19) pandemic has prompted businesses to shift toward remote working environment due to the consequent imposition of mandatory lockdowns by governments of different nations. This, in turn, has led to the widespread adoption of managed services for ensuring business continuity and constant monitoring, identity, and access management applications, which is favoring the market growth. Apart from this, the integration of artificial intelligence (AI), the Internet of Things (IoT) and machine learning (ML) technologies to reduce error rates, enable smart monitoring and compliance management, and ensure the efficiency of processes are providing an impetus to the market growth. Additionally, the increasing deployment of managed services by various small and medium-sized enterprises (SMEs) can be attributed to the benefits offered by the service, such as improved operational efficiency, reduced operating expenses, an enhanced focus on core competencies, and optimal resource utilization and distribution, which is positively impacting the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global managed services market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, deployment mode, enterprise size and end use.Breakup by Type:
- Managed Infrastructure
- Managed Data Center
- Managed Security
- Managed Communications
- Managed Network
- Managed Mobility
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by End Use:
- IT and Telecommunication
- BFSI
- Healthcare
- Entertainment and Media
- Retail
- Manufacturing
- Government
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, AT&T Inc., Capgemini SE, Cisco Systems Inc., Dell Technologies Inc., Fujitsu Limited, Infosys Limited, International Business Machines Corporation, Nokia Corporation, Rackspace Technology Inc., Tata Consultancy Services Limited, Telefonaktiebolaget LM Ericsson, Verizon Communications Inc. and Wipro Limited.
Key Questions Answered in This Report
1. What was the size of the global managed services market in 2023?2. What is the expected growth rate of the global managed services market during 2024-2032?
3. What are the key factors driving the global managed services market?
4. What has been the impact of COVID-19 on the global managed services market?
5. What is the breakup of the global managed services market based on the type?
6. What is the breakup of the global managed services market based on the deployment mode?
7. What is the breakup of the global managed services market based on enterprise size?
8. What is the breakup of the global managed services market based on the end use?
9. What are the key regions in the global managed services market?
10. Who are the key players/companies in the global managed services market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Managed Services Market
6 Market Breakup by Type
7 Market Breakup by Deployment Mode
8 Market Breakup by Enterprise Size
9 Market Breakup by End Use
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Accenture plc
- AT&T Inc.
- Capgemini SE
- Cisco Systems Inc.
- Dell Technologies Inc.
- Fujitsu Limited
- Infosys Limited
- International Business Machines Corporation
- Nokia Corporation
- Rackspace Technology Inc.
- Tata Consultancy Services Limited
- Telefonaktiebolaget LM Ericsson
- Verizon Communications Inc
- Wipro Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 283.3 Billion |
| Forecasted Market Value ( USD | $ 551.5 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
