openPR Logo
Press release

Managed IT Service Providers Market annual growth rate (CAGR) of 11.5% for 2017-2021

Managed IT Service Providers Market annual growth rate (CAGR)

The global market for managed IT services reached $149.1 billion in 2016. This market is estimated to reach $256.5 billion in 2021 from $166.7 billion in 2017 at a compound annual growth rate (CAGR) of 11.5% for 2017-2021.

Report Scope:

This research report covers the overall global managed IT services market and categorizes it by geographies and by service type. Service types include infrastructure services, network services, security services and other services.

Request for Report Sample: https://www.trendsmarketresearch.com/report/sample/12212

Report Includes:

- An overview of the global market for managed IT services.
- Analyses of global market trends, with data from 2012 through 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022.
- Characterization and quantification of the market potential for managed IT services by region and product.
- Evaluation of the market by segments such as infrastructure services, network services, security services, and other services.
- Discussion of market drivers, restraints, and trends affecting the market.
- Profiles of the major companies in the industry, including: IBM, DXC Technology, Fujitsu Ltd., Atos, Deutsche Telekom, Tata Consultancy Services(TCS), Huawei Technologies Co. Ltd, Cisco Systems Inc.

Summary

This report analyzes the market for global managed IT services. A managed IT service is any type of IT task or service offered by an outside contractor. A managed services provider (MSP), which is generally an information technology (IT) services provider, manages and assumes responsibility for providing a defined set of services to its clients based on their specific needs.

Managed IT services are classified based on the type of service being offered by an enterprise. It is segmented into infrastructure services, network services, security services and other services. However, most of the managed IT service providers offer all these services and there is some overlap between segments. For instance, infrastructure tasks might be clubbed into network services as they are network- related infrastructure services.

The global managed IT services in 2016 is estimated to be around $149.1 billion. During 2017-2021 the global managed IT services market is expected to grow at a CAGR of 11.5%, to reach $256.5 billion by the year 2021. Increasing digitization and improving economic growth prospects are expected to drive the demand for managed IT services in the future. In particular to rising demand for managed IT services from small and medium enterprises and the emerging markets such as China and India.

Make an Inquiry before Buying: https://www.trendsmarketresearch.com/checkout/12212/Single

Banking, financial services and insurance (BFSI) was the largest customer group for managed IT Services in 2016, accounting for 32% of the market. This was followed by the government and public, telecoms and IT, and healthcare segments. The total revenues from banking, financial services, and insurance were $48.5 billion in 2016. The market importance of the banking, financial services, and insurance segment can be attributed to those end users’ focus on core competencies, risk reduction, improved cost reduction, customer relations, and improved regulatory compliance. High share of government sector is due to its high reliance on outside contractors to maintain IT infrastructure to focus on its core competencies which has led to high growth in this customer segment.

In 2016, the US managed IT services accounted for 37.2% of the market, followed by Europe and Asia Pacific with23.7% and 20.0% of the market respectively. High share of USA market size can be attributed to demand for managed services such as dedicated cloud and data center services. This is also due to high adoption of technology and digitization compared to other regions across the world which has led to high growth in this region.

The global managed IT services market is concentrated, with the leading three players having more than 50% of the market. IBM was the largest company with 24% of the market, followed by DXC with 15%, Fujitsu with 14%, Atos with 8% and Deutsche Telekom with 6%.

Most companies operating in the mid-level range are exclusively from a managed IT services background, unlike large players which are operating in multiple categories in the IT industry and are leveraging their economies of scale to position themselves as top players.

Request for Report Discount: https://www.trendsmarketresearch.com/report/discount/12212

Contact Us:, One Vincent Square, Westminster, London SW1P 2PN, United Kingdom,
Contact Us:
One Vincent Square
Westminster, London SW1P 2PN
United Kingdom
Email: sales@trendsmarketresearch.com
Website: https://www.trendsmarketresearch.com

Company Overview
we are a UK-based market intelligence company that operates out of its passion to help brands grow, discover, and transform. As a market research company, we take pride in equipping our clients with insights and data that holds the power to truly make a difference to their business. Our mission is singular and well-defined - we want to help our clients envisage their business environment so that they are able to make informed, strategic and therefore successful decisions for themselves.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Managed IT Service Providers Market annual growth rate (CAGR) of 11.5% for 2017-2021 here

News-ID: 1900734 • Views:

More Releases from Managed IT Service Providers Market

Managed IT Service Providers Market Status By Current Trend And Future Plan 2017-2021
Managed IT Service Providers Market Status By Current Trend And Future Plan 2017 …
The global market for managed IT services reached $149.1 billion in 2016. This market is estimated to reach $256.5 billion in 2021 from $166.7 billion in 2017 at a compound annual growth rate (CAGR) of 11.5% for 2017-2021. Report Scope: This research report covers the overall global managed IT services market and categorizes it by geographies and by service type. Service types include infrastructure services, network services, security services and other
Managed IT Service Providers Market Generate Massive Revenue In Upcoming Future 2017–2021
Managed IT Service Providers Market Generate Massive Revenue In Upcoming Future …
The global market for managed IT services reached $149.1 billion in 2016. This market is estimated to reach $256.5 billion in 2021 from $166.7 billion in 2017 at a compound annual growth rate (CAGR) of 11.5% for 2017-2021. Report Scope: This research report covers the overall global managed IT services market and categorizes it by geographies and by service type. Service types include infrastructure services, network services, security services and other
Global Managed IT Service Providers Market 2021 : Key Developments, PEST Analysis With Latest Trends And Divers In Target Market
Global Managed IT Service Providers Market 2021 : Key Developments, PEST Analysi …
Albany, NY, 5th March : Recent research and the current scenario as well as future market potential of "Managed IT Service Providers: Global Markets to 2021" globally. The global market for managed IT services reached $149.1 billion in 2016. This market is estimated to reach $256.5 billion in 2021 from $166.7 billion in 2017 at a compound annual growth rate (CAGR) of 11.5% for 2017-2021. Get Free PDF for more Professional
Global Managed IT Service Providers Market Including Major Companies Such As IBM, DXC Technology, Fujitsu Ltd., Atos, Deutsche Telekom and Tata Consultancy Services (TCS)
Global Managed IT Service Providers Market Including Major Companies Such As IBM …
Researchmoz added Most up-to-date research on "Global Managed IT Service Providers Market Including Major Companies Such As IBM, DXC Technology, Fujitsu Ltd., Atos, Deutsche Telekom and Tata Consultancy Services (TCS)" to its huge collection of research reports. The global market for managed IT services reached $149.1 billion in 2016. This market is estimated to reach $256.5 billion in 2021 from $166.7 billion in 2017 at a compound annual growth rate (CAGR)

All 5 Releases


More Releases for CAGR

[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064 According to the report published by Allied Market Research,
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032. This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031. Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,