Managed Services Market size was estimated at $152.05 billion in 2021 and is expected to reach $471.63 billion by 2031, growing at a CAGR of 11.2% during the forecast period of 2022 to 2032.
Managed Services Market
Managed service is the practice of contracting out the responsibility of maintaining and forecasting the needs for various processes and functions. The prime motive of managed services is to enhance operational efficiency and reduce expenses. For small and medium enterprises, managed services are a cost-effective way to increase competitiveness. Managed service provides the same quality equipment, level of experience, and support which large corporations enjoy. A managed service provider delivers services like network, application, infrastructure and security, regular support, and administration. It also helps in securing crucial information about the organization.
Managed Services Market Growth and Trend
The managed services market is growing rapidly due to the increasing demand to curtail the overall cost of maintaining IT infrastructure and management. Managed service providers operate at fixed monthly or annual charges, making the operational budget more predictable and scalable. Moreover, it also avoids sunk costs such as monthly staff salaries, insurance, and office maintenance expenses. Managed services also save the time and money to be spent on training the staff members. Managed service providers also enable the organization to provide 24/7/365 customer support. In addition, the managed services empower the organization with a centralized platform to efficiently manage their IT services under the supervision of expert and experienced staff. Apart from accessing expert skills, managed services help to monitor problems proactively and provide quick solutions to ensure the continuity of business activities. Such emerging scenarios are projected to significantly fuel the growth of the global managed services market during the forecast period. Also, the high adoption of managed services to reduce risk is expected to influence the market growth.
As the world moves through the Covid-19 pandemic, businesses are accelerating their digital transformation to restore remote working. The pandemic has pushed businesses to hire managed service providers to look after various operational activities and supporting remote work. Such factors are creating immense opportunities for the global managed service market.
Managed Services Market Segmentation
The global managed services market is segmented based on organizational size, deployment, management information services, solutions, and end-users. By organizational size, the market is divided into large enterprises and small and medium enterprises. The large enterprise segment is expected to witness rapid growth over the forecast period due to escalating need to handle massive data efficiently. Based on deployment, the market is segregated into hosted and on-premises. The on-premises segment holds the largest share in the market as it offers a customizable infrastructure. Based on the management information segment, the market is segmented into project & portfolio management, business support, business process outsourcing, and others. By solution, the global managed services market is divided into managed information, managed backup & recovery, managed security, managed communication, managed infrastructure, managed mobility, managed work, managed data center, and others. By end-users, the market is classified into retail, media & entertainment, manufacturing, IT & telecom, healthcare, government, financial services, and others. The financial services segment holds a significant share in the market.
Managed Services Market Country Analysis
North America holds the largest share in the global managed services market. The regional growth can be attributed to the growing emphasis of businesses to reduce operational costs and increasing investment in the managed services market by prominent IT companies. However, the Asia Pacific is expected to witness rapid growth in the coming years due to the rising trend among the IT companies to shift their base in the region and increasing investment in the field of data security.
Managed Services Market Share and Competition
The leading companies operating in the global managed services market are Empist, Corsica Technologies, Cloud Specialists, AC3, Analytics, SecureKloud, BMC Software, Inc., Ascend technologies, 1-Net, Intact Tech, Essintial, Optanix, Microland, Microland, Hughes, Trustwave, BAE Systems, Alert Logic, Secureworks, Deloitte, BT, Capgemini, Cognizant, Wipro, CenturyLink, Nokia Networks, Huawei, Happiest Minds, NTT Data, GTT Communications, Ericssion, HCL, Infosys, Dimension Data, Verizon, AT&T, Rackspace, TCS, DXC, Cisco, Atos, Accenture, Fujitsu, and IBM.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Organizational size Analysis (Revenue, USD Million, 2022 - 2032)
• Large Enterprises
• Small and Medium Enterprises
Deployment Analysis (Revenue, USD Million, 2022 - 2032)
• Hosted
• On-Premises
Management Information Service Analysis (Revenue, USD Million, 2022 - 2032)
• Project & Portfolio Management
• Business Support
• Business Process Outsourcing
• Others
Solution Analysis (Revenue, USD Million, 2022 - 2032)
• Managed Information
• Managed Backup & Recovery
• Managed Security
• Managed Communication
• Managed Infrastructure
• Managed Mobility
• Managed Work
• Managed Data Center
• Others
End-Users Analysis (Revenue, USD Million, 2022 - 2032)
• Retail
• Media & Entertainment
• Manufacturing
• IT & Telecom
• Healthcare
• Government
• Financial Services
• Others
Region Analysis (Revenue, USD Million, 2022 – 2032)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Managed Services Market Companies
• Empist
• Corsica Technologies
• Cloud Specialists
• AC3, Analytics
• SecureKloud
• BMC Software, Inc.
• Ascend technologies
• 1-Net
• Intact Tech
• Essintial
• Optanix
• Microland
• Hughes
• Trustwave
• BAE Systems
• Alert Logic
• Secureworks
• Deloitte
• Capgemini
• Cognizant
• Wipro
• CenturyLink
• Nokia Networks
• Huawei
• Happiest Minds
• NTT Data
• GTT Communications
• Ericssion
• HCL
• Infosys
• Dimension Data
• Verizon
• AT&T
• Rackspace
• TCS
• DXC
• Cisco
• Atos
• Accenture
• Fujitsu
• IBM
Available Versions:-
• United States Managed Services Industry Research Report
• Europe Managed Services Industry Research Report
• Asia Pacific Managed Services Industry Research Report
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