Managed Services Market: Rise and Fall due to COVID-19 pandemic

A latest report published by Research Dive reveals that the global managed services market is anticipated to exceed $4,10,707.9 million by 2027, rising at a CAGR of 11.1% from 2020 to 2027. This report caters detailed information on the present situation and future growth of the market. The report is a meticulous research study, offering in-depth market insights for stakeholders, new players, market players, investors, shareholders, etc.

Download Sample Report of the Global Managed Services Market @ https://www.researchdive.com/download-sample/388

Factors Impacting the Market Growth:

According to the report, the rising adoption of managed services based on cloud technology due to their easy maintenance and smooth functioning is boosting the growth of the global managed services industry. Moreover, minimal cost and freedom of accessing and operating business processes remotely through managed services is fueling the demand for managed services, which is propelling the market growth. However, absence of experienced or trained managed service providers is likely to obstruct the market growth. The report segments the market into organization size, deployment type, service type, industry vertical, and region.

Large Enterprises Segment to Witness Remarkable Growth during the Forecast Period

By organization size, the report divides the market into SME and large. Among these, the large enterprises segment is expected to grab major market share during the projected period. This segment is expected to grow with a CAGR of 10.1% during the forecast period, mostly owing to extensive use of managed services in large enterprises that need to manage a huge number of data.

Data Center and IT Infra Services Segment to Dominate the Market during the Forecast Period

By service type, the report divides the market into security services, network services, data center and IT infra services, communication and collaboration services, mobility services, and information services. Among these, the data center and IT infra services segment is expected to dominate the global market by growing with a CAGR of 11.8% during the estimated timeframe. This growth is mainly owing to easy access to important data or services, which can be saved in more than one location in cloud managed services.

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North American Region to Unlock Rewarding Opportunities

The report analyzes the global managed services market across numerous regions including Asia Pacific, North America, Europe, and LAMEA. Among these, the North American region is expected to grow with a CAGR of 10.2% during the forecast period. This region is likely to offer rewarding opportunities for the market growth mainly owing to the presence of many companies in this region.

COVID-19 Impact on the Market Growth:

The COVID-19 pandemic has created a positive impact on the global managed services industry as many companies are focusing more on work-from-home during the pandemic. By adopting cloud managed services, companies will be able to remotely monitor the work flow and operations. Many players involved in the development of managed services are taking initiatives to offer their services throughout the COVID-19 pandemic.

The report delivers several business strategies and tactics of the foremost players functioning in the market including recent strategic moves & developments, product/service range, business performance, and SWOT analysis.

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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

This release was published on openPR.