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The global Managed Services market size is projected to reach USD 248750 Million by 2026, from USD 133440 Million in 2019, at a CAGR of 9.2% during 2021-2026. Adopting managed services is intended to be an effective way of keeping up-to-date on technology, getting access to expertise and resolving cost, service quality and risk-related issues. The technology components of many SMBs and large companies have been shifted to the cloud, MSPs (managed service providers) are increasingly facing cloud computing challenges.
Trends Influencing the Managed Services Market Size
Enterprises and government agencies around the world shift from test environments to bring more of their work-critical workloads into the cloud and compute instances. Furthermore, the pressure on the data centres is also growing due to the increasingly rising adoption of IoT, cloud and Big Data analytics across various companies as a major part of their digital transformation strategy. This is contributing to the growth of the managed service market size.
Growing demand for Cloud is expected to fuel adoption. In addition, security issues, coupled with the application of IT functions to take control of enterprise networks and IT infrastructure, are expected to have a positive impact on development.
Based on the region, North America is estimated to have the largest market share during the forecast period due to the growing acceptance of the recurring revenue model in the country. The US and Canada are expected to be the largest revenue contributors to the North American market for managed services. Adopting managed services provides benefits, such as improved reliability and performance, enhanced security enforcement and expanded flexibility.
Asia Pacific is forecast to witness significant growth over the forecast period. Implementation of cloud-based solutions and increased data protection investments among several companies in the region are expected to contribute significantly to the growth. Increasing investment is also expected to lead to growth due to the introduction of innovations, such as cloud-based technology for their business development. Growing investment in SMEs by emerging economies like China and India is expected to further fuel the growth of the demand for managed services.
The report offers an exhaustive geographical analysis of the global Managed Services market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Managed Services market are broadly studied on the basis of key factors. The report offers a comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Managed Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Managed Services market.
|
Report Metric |
Details |
|
Report Name |
managed services market |
|
The market size in 2019 |
$133,440.00 Million |
|
The revenue forecast in 2026 |
$248,750.00 Million |
|
Growth Rate |
CAGR of 9.2% from 2020 to 2026 |
|
Base year considered |
2019 |
|
Forecast period |
2020-2026 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Type, End-User, Offerings, and Region |
|
Market by Type |
Managed Security Services, Managed Network Services, Managed Mobility Services, Managed Information Services, Managed Data Center Services, Managed Communication and Collaboration Services, Managed IT Infrastructure Services. |
|
Market by Applications/Enduser |
Telecom and IT, BFSI, Retai,l Media and Entertainment, Education, Healthcare, Others |
|
Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
|
Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
TABLE OF CONTENT
LIST OF TABLES & FIGURES
The global Managed Services market size is projected to reach USD 248750 Million by 2026, from USD 133440 Million in 2019, at a CAGR of 9.2% during 2021-2026. Adopting managed services is intended to be an effective way of keeping up-to-date on technology, getting access to expertise and resolving cost, service quality and risk-related issues. The technology components of many SMBs and large companies have been shifted to the cloud, MSPs (managed service providers) are increasingly facing cloud computing challenges.
Trends Influencing the Managed Services Market Size
Enterprises and government agencies around the world shift from test environments to bring more of their work-critical workloads into the cloud and compute instances. Furthermore, the pressure on the data centres is also growing due to the increasingly rising adoption of IoT, cloud and Big Data analytics across various companies as a major part of their digital transformation strategy. This is contributing to the growth of the managed service market size.
Growing demand for Cloud is expected to fuel adoption. In addition, security issues, coupled with the application of IT functions to take control of enterprise networks and IT infrastructure, are expected to have a positive impact on development.
Based on the region, North America is estimated to have the largest market share during the forecast period due to the growing acceptance of the recurring revenue model in the country. The US and Canada are expected to be the largest revenue contributors to the North American market for managed services. Adopting managed services provides benefits, such as improved reliability and performance, enhanced security enforcement and expanded flexibility.
Asia Pacific is forecast to witness significant growth over the forecast period. Implementation of cloud-based solutions and increased data protection investments among several companies in the region are expected to contribute significantly to the growth. Increasing investment is also expected to lead to growth due to the introduction of innovations, such as cloud-based technology for their business development. Growing investment in SMEs by emerging economies like China and India is expected to further fuel the growth of the demand for managed services.
The report offers an exhaustive geographical analysis of the global Managed Services market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Managed Services market are broadly studied on the basis of key factors. The report offers a comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Managed Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Managed Services market.
|
Report Metric |
Details |
|
Report Name |
managed services market |
|
The market size in 2019 |
$133,440.00 Million |
|
The revenue forecast in 2026 |
$248,750.00 Million |
|
Growth Rate |
CAGR of 9.2% from 2020 to 2026 |
|
Base year considered |
2019 |
|
Forecast period |
2020-2026 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Type, End-User, Offerings, and Region |
|
Market by Type |
Managed Security Services, Managed Network Services, Managed Mobility Services, Managed Information Services, Managed Data Center Services, Managed Communication and Collaboration Services, Managed IT Infrastructure Services. |
|
Market by Applications/Enduser |
Telecom and IT, BFSI, Retai,l Media and Entertainment, Education, Healthcare, Others |
|
Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
|
Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
TABLE OF CONTENT
LIST OF TABLES & FIGURES
