Managed Services Market 2023 - Market Size, Growth Analysis, Share, Regional Outlook And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Managed Services Market Size, Growth Rate, And Forecast
The global managed services market size grew from $261.14 billion in 2022 to $285.02 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The managed services market size is expected to grow to $417.53 billion in 2027 at a CAGR of 10.0%.

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Managed Services Market Drivers
The rise in demand for secure IT infrastructure is contributing to the growth of the managed services market. IT infrastructure refers to the collection of components required for the management and operation of information technology businesses. A managed service provider (MSP) provides network, application, infrastructure, and security services to clients through continuous and frequent support and active management of their facilities, in their MSP's data center (hosting), or a third-party data center. IT firms are making many organizational changes to safeguard their IT technology assets, save money, and implement next-generation infrastructure technology and hybrid-cloud models. Key players in the market are focusing to launch solutions for securing IT infrastructure.

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Managed Services Market Segments
1) By Service Type: Managed Security Services, Managed Network Services, Managed Data Center And IT Infrastructure Services, Managed Communication And Collaboration Services, Managed Mobility Services, Managed Information Services, Other Service Types

2) By Deployment model: Cloud, On-Premises

3) By Organizational Sizes: Large Enterprises, Small And Medium-sized Enterprises (SMEs)

4) By Application: BFSI, IT And Telecom, Retail And Consumer Goods, Manufacturing, Government, Healthcare And Life Sciences, Energy And Utilities, Media And Entertainment, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the managed services market.

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Managed Services Market Key Players
Major competitors in the managed services market include IBM, Fujitsu Global, Atos SE, Cisco, DXC Technology Company, Tata Consultancy Services Limited, Rackspace Technology, AT&T, Verizon.

The Business Research Company's "Global Managed Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Managed Services Market Include:
1. Executive Summary
2. Managed Services Market Characteristics
3. Managed Services Market Trends And Strategies
4. Managed Services Market - Macro Economic Scenario
5. Managed Services Market Size And Growth
......
26. Africa Managed Services Market
27. Managed Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Managed Services Market
29. Managed Services Market Future Outlook and Potential Analysis
30. Appendix

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