Managed Services Market:
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
· DXC Technology
· AT&T Inc.
· HCL Technologies Limited
· TATA Consultancy Services Limited
· Infosys Limited
Managed Services Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
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.
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
o Managed Identity and Access Management
o Managed Antivirus/Antimalware
o Managed Firewall
o Managed Risk And Compliance Management
o Managed Vulnerability Management
o Managed Security Information And Event Management
o Managed Intrusion Detection Systems/Intrusion Prevention Systems
o Managed Unified Threat Management
o Managed Encryption
· Managed Network Service
o Managed Network Provisioning
o Network Monitoring and Management
o Managed Software Defined-Wide Area Network
· Managed Data Center and IT Infrastructure Service
o Storage Management
o Server Management
o Managed Print Services
· Managed Communication and Collaboration Service
o Managed Voice Over Internet Protocol
o Managed Unified Communication As A Service
· Managed Mobility Service
o Device Life Cycle Management
o Application Management
· Managed Information Service
o Business Process Management
o Managed Operational Support Systems/Business Support Systems
Segmentation by Organisation Size:
· Large Enterprises
· Small and Medium-Sized Enterprises
Segmentation by Deployment Type:
Segmentation by Vertical:
· Information Technology
· Banking, Financial Services, and Insurance
· Consumer Goods and Retail
· Healthcare and Life Sciences
· Energy and Utilities
· Media and Entertainment
Segmentation by Region:
· North America
o United States of America
· Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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