Press release
Multi-Vendor Support Services Market Present Scenario and Growth Prospects Analysis by Key Players: IBM, HP, Dell, Microsoft, Fujitsu, NEC, Hitachi, Lenovo, NetApp and Abtech Technologies
Multi-Vendor Support Services Market
Market Synopsis
Strong need to keep business processes operative and achieve 100% uptime, and increasing adoption of new and advanced ICT tools and systems act as the major driving factors for the growth of multi-vendor support services globally. However, security and privacy concerns and stiff competition due to the presence of large number of service providers in the market are restraining growth of the market.
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Multi-vendor support services include professional services offered to the client companies for the products that the service provider itself manufactured and deployed at the client’s site as well as for the products manufactured by other firms. This enables enterprises to centralize all of its service needs and do not have to rely on multiple service providers to troubleshoot problems related to its IT infrastructure. Moreover, ICT industry is a rapidly advancing industry. Enterprises always invest significantly on newer ICT systems, such as cloud and IoT to improve efficiency of its business operations and serve their customers well. Due to the lack of technical expertise, enterprises widely adopt multi-vendor support services to build and run the best of breed digital technologies for its business functions, such as sales and marketing, financial and accounting, human resource, and supply chain management.
Although, multi-vendor support services are used in multiple industries but some of its prominent industry verticals include Banking, Financial Services, and Insurance (BFSI), government and defense, retail and consumer goods, and healthcare and life sciences. The BFSI sector is the largest contributor in the multi-vendor support services market whereas retail and consumer goods is expected to grow with the highest CAGR during the forecast period due to increasing adoption of new hardware and software systems to serve its customers better through digital technologies.
Segmentation
The global multi-vendor support services market is segmented into service type, business application, organization size, industry vertical, and regions/country.
By service type, the market is segmented into hardware and software.
By business application, the market is segmented into sales and marketing, financial and accounting, supply chain management, human resource, IT operations, production, and others.
By organization size, the market is segmented into large enterprises and Small and Medium-sized Enterprises (SMEs).
By industry vertical, the market is segmented into Banking, Financial Services, and Insurance (BFSI), government and defense, retail and consumer goods, healthcare and life sciences, telecom and IT, manufacturing, travel and logistics, energy and utilities, media and entertainment, and others.
By region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
Competitive Analysis
According to the latest trend in the multi-vendor support services market, most enterprises are expanding their technological capabilities, with increased investments in research and developments activities. Most of the companies have adopted inorganic strategy to expand their businesses, wherein, partnership and collaboration accounted for XX%, whereas; merger & acquisition accounted for XX% of the overall key development undergone by the key players in the market.
Intended Audience
• IT support service providers
• Managed Service Providers
• System Integrators
• Software Providers
• Hardware system providers
• Distributors and Value-added Resellers (VARs)
• Enterprises
• Professional Service Providers
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List Of Tables
Table1 Global Multi-Vendor Support Services Market, By Region, 2018-2023
Table2 North America Multi-Vendor Support Services Market, By Country, 2018-2023
Table3 Europe Multi-Vendor Support Services Market, By Country, 2018-2023
Table4 Asia-Pacific Multi-Vendor Support Services Market, By Country, 2018-2023
Table5 Rest Of The World Multi-Vendor Support Services Market, By Country, 2018-2023
Table6 Global Multi-Vendor Support Services Market, By Component, By Region, 2018-2023
Table7 North America Multi-Vendor Support Services Market, By Component, By Country, 2018-2023
Table8 Europe Multi-Vendor Support Services Market, By Component, By Country, 2018-2023
Table9 Asia-Pacific Multi-Vendor Support Services Market, By Component, By Country, 2018-2023
Table10 Rest Of The World Multi-Vendor Support Services Market, By Component, By Country, 2018-2023
Continue…
List Of Figures
Figure 1 Global Printed Electronics, Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis Of Global Multi-Vendor Support Services Market
Figure 4 Value Chain Of Global Multi-Vendor Support Services Market
Figure 5 Share Of Global Multi-Vendor Support Services Market By Country, 2017
Figure 6 Global Multi-Vendor Support Services Market, 2018-2023
Continue…
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