Managed Services Market to Witness Exponential Growth by 2021-2031 | BMC Software Inc., Fujitsu, HCL, IBM, Infosys

New York, According to a new market research report published by Global Insight Services Managed Services Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Managed services is the practice of outsourcing the responsibility for maintaining, and anticipating need for, a range of processes and functions in order to improve operations and cut expenses. Managed services include network services, security, storage, backup and disaster recovery, desktop support, and more.

The rise in the need to focus on core business activities, need for cost-effective IT solutions, and increased need for improved business continuity are the major factors driving the growth of the managed services market.

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Key Trends and Drivers

The major drivers of the managed services market include the need to reduce operational costs, the need for improved business agility, and the need for better IT management.

The major trends in the managed services market are as follows:

The adoption of cloud-based managed services is on the rise, as organizations look to benefit from the scalability, flexibility, and pay-as-you-go pricing model of the cloud.
The demand for managed security services is growing, as organizations look to outsource the complex task of securing their networks and data.
The adoption of managed network services is increasing, as organizations look to improve the performance and availability of their networks.
The demand for managed mobility services is growing, as organizations look to outsource the management of mobile devices and apps.

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Restraints & Challenges

Key restraints in Managed Services market are high initial investment, lack of in-house IT staff, and lack of technical expertise. Key challenges in this market are security concerns and availability of skilled labor.

Market Segments

By Solution

Managed Data Center
Managed Network
Managed Mobility
Managed Infrastructure
Managed Backup and Recovery
Managed Communication

Key Players

Fujitsu
HCL
IBM
Infosys
Wipro
Avaya Inc
BMC Software Inc.
CA Technologies
DXC Technology Compan
Fujitsu Limited
NTT Data

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Reasons to buy Managed Services Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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