Press release
Growing Demand To Lower The Overall Cost Of Maintaining IT Infrastructure Is Driving The Growth Of The Global Managed Services Market
ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
The report offers actionable and valuable market insights of Managed Services. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Managed Services Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Managed Services market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Managed Services
This newly published and insightful report sheds light on Market Insights of Managed Services, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Managed Services Market.
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Competitive Landscape
The global market for managed services is characterized by the presence of multiple vendors, aiming to offer extensive consulting and integration services to clients. Additionally, enterprises are seeking out specialized service providers, offering solutions tailor-made to suit their business objectives. In addition, the vendors are likely to leverage upgradation to gain an edge over other competitors in the market.
In January 2022, Tata Consultancy Services (TCS) announced a partnership with Microsoft Cloud for Retail. This new partnership, TCS will work with leading retailers and its multi-horizon cloud transformation framework. This will help retail clients accelerate their growth and transformation journeys using Microsoft Cloud for Retail.
In October 2021, Wipro announced a deal with National Grid, a leading multinational electric and gas utility provider, to accelerate its digital innovation journey.
Wipro will employ standardized tools and processes to provide cloud services that will strengthen National Grid's infrastructure services.
During the 2022-2032 period of assessment, demand is expected to rise at a 7.4% value CAGR, likely to reach US$ 535.7 Billion by the end of the said forecast period.
Overall, the managed services system landscape is poised to yield an absolute dollar opportunity worth US$ 273.8 Billion until 2032. Sales of managed services systems for Managed Data Centre and IT Infrastructure Services will continue to flourish, with a documented CAGR of 7.9% from 2015-2021.
Moreover, on-premises will continue to remain the primary deployment choice, likely to register a CAGR worth 6.8% from 2022 to 2032. North America will remain at the forefront, generating an opportunity worth US$ 189.8 Billion during the forecast period.
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Key Segments Covered in the Managed Services Market Study
Managed Services by Service Type :
Managed Security Services
Managed Identity and Access Management (IAM)
Managed Antivirus/Antimalware
Managed Firewall
Managed Risk and Compliance Management
Managed Vulnerability Management
Managed Security Information and Event Management (SIEM)
Managed Intrusion Detection System (IDS)/ Intrusion Prevention System (IPS)
Managed Unified Threat Management (UTM)
Managed Encryption
Others (Distributed Denial of Service (DDoS) Mitigation and Managed Data Loss Prevention (DLP))
Managed Network Services
Managed Local Area Network
Managed Wireless Fidelity
Managed Virtual Private Network
Managed Wide Area Network
Network Monitoring
Managed Network Security
Managed Data Centre and IT infrastructure services
Storage Management
Server Management
Managed Print Services
Others (Application and Middleware Management, and Database Management)
Managed Communication and Collaboration Services
Managed Voice over Internet Protocol (VoIP)
Managed Unified Communications as a Service (UCaaS)
Others (Managed Email Services)
Managed Mobility Services
Device Life Cycle Management
Application Management
Managed Information Services
Business Process Management
Managed Operational Support System/Business Support System
Managed services by Deployment Type :
Cloud Managed Services
On-premises Managed Services
Managed Services by Organisation Size :
Managed Services for SMEs
Managed Services for Large Enterprises
Managed Services by Vertical :
Managed Services for BFSI
Managed Services for IT and Telecom
Managed Services for Retail and Consumer Goods
Managed Services for Manufacturing
Managed Services for Government
Managed Services for Healthcare and Life Sciences
Managed Services for Energy and Utilities
Managed Services for Media and Entertainment
Managed Services for Other Verticals
Managed Services by Region :
North America Managed Services Market
Europe Managed Services Market
Asia Pacific Managed Services Market
Middle East and Africa Managed Services Market
Latin America Managed Services Market
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Key Question answered in the survey of Managed Services market report:
Sales and Demand of Managed Services
Growth of Managed Services Market
Market Analysis of Managed Services
Market Insights of Managed Services
Key Drivers Impacting the Managed Services market
Which are the Key drivers impacted by Managed Services market
Restraints Managed Services Market Growth
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More Valuable Insights on Managed Services Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Managed Services, Sales and Demand of Managed Services, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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