The global managed services market size is expected to grow from $235.7 billion in 2021 to $266.97 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The global managed service market size is expected to grow to $418.64 billion in 2026 at a CAGR of 11.9%.
What is the Global Managed Services Market?
The managed services market consists of sales of managed services by entities (organizations, sole traders, and partnerships) that allow the end-users to focus on using a service rather than setting up the service. Managed services are provided by managed service providers that assist businesses in IT infrastructure and tasks, communication and collaboration, regular maintenance, management, and support of IT functions and processes on regular basis. Managed services are cost-effective, provide more capability to company end-users, allow teams to focus on business core competencies, and allow in-house IT to focus on more strategic IT programs.
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What drives the Global Managed Services Market?
The managed services market consists of sales of managed services by entities (organizations, sole traders, and partnerships) that allow the end-users to focus on using a service rather than setting up the service. Managed services are provided by managed service providers that assist businesses in IT infrastructure and tasks, communication and collaboration, regular maintenance, management, and support of IT functions and processes on regular basis. Managed services are cost-effective, provide more capability to company end-users, allow teams to focus on business core competencies, and allow in-house IT to focus on more strategic IT programs.
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Global Managed Services Market Segments
The global managed services market is segmented:
By Service Type: Managed Security Services, Managed Network Services, Managed Data Center and IT Infrastructure Services, Managed Communication and Collaboration Services, Managed Mobility Services, Managed Information Services, Others
By Deployment Model: Cloud, On-Premises
By Organizational Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)
By Application: BFSI, IT and Telecom, Retail and Consumer Goods, Manufacturing, Government, Healthcare and Life Sciences, Energy and Utilities, Media and Entertainment, Others
By Geography: The regions covered in the managed services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Managed Services Global Market Report 2022provides market size and growth forecasts for the global managed services market, global managed services market share, managed services market segments and geographies, managed services market competitive landscape including leading competitors’ revenues, profiles and market shares. The managed services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Managed Services Industry Playersinclude IBM, Fujitsu Global, Accenture, Atos SE, Cisco, DXC Technology Company, Tata Consultancy Services Limited, Rackspace Technology, AT&T, Verizon, Dimension Data, Infosys, HCL Technologies, Ericsson, GTT Communications, NTT Data Inc., Happiest Minds, Huawei Technologies Co. Ltd., Nokia, CenturyLink, Wipro Limited, Cognizant, Capgemini, Business Technology Partners LLP, Deloitte AG, Secureworks Inc., Alert Logic, BAE Systems, and Microland, Intact Technology. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
