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Managed Services Market worth $780.61 billion by 2030, growing at a CAGR of 13.85% - Exclusive Report by 360iResearch

02-20-2024 03:18 PM CET | Media & Telecommunications

Press release from: 360iResearch

Managed Services Market | 360iResearch

Managed Services Market | 360iResearch

The "Managed Services Market by Service Type (IT Infrastructure, Managed Data Center, Managed Network), Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), End Use, Deployment Model - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Managed Services Market to grow from USD 314.82 billion in 2023 to USD 780.61 billion by 2030, at a CAGR of 13.85%.

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The managed services market encompasses the various services offered by external providers to manage, monitor, and optimize organizations' IT infrastructure, applications, and processes to ensure smooth operations and reduced downtime. The increasing adoption of digital transformation strategies incorporating cloud computing solutions and IoT-enabled devices has significantly boosted the demand for managed services. However, shortages of skilled workforce in emerging technologies and data privacy concerns are impacting the growth of the managed services market. Nevertheless, integrating cloud migration support, 5G implementation assistance, and providing resources for data-driven decision-making using big data analytics and AI-powered solutions are estimated to generate lucrative opportunities for managed services in the upcoming years.

The market for managed services in the Americas is driven by technological advancements, investments in artificial intelligence (AI) to enhance managed service offerings, and a growing focus on cybersecurity measures to protect businesses from potential breaches. In European Union countries, there is an increasing emphasis on digital transformation initiatives to improve customer experiences and streamline business operations. In the MEA region, industries including energy and finance are driving demand for managed services as companies seek cost-effective ways of managing complex IT environments. The Asia-Pacific's managed services market is witnessing rapid growth due to increased IT spending from both government and private sectors, a growing need for operational efficiency, and an expanding digital landscape. The government encourages innovation in IT infrastructure management, increasing the need for managed services catering to network operations and data centers across the region.

Market Segmentation & Coverage:

This research report categorizes the Managed Services Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Service Type, market is studied across IT Infrastructure, Managed Data Center, Managed Network, and Managed Security. The Managed Network is projected to witness significant market share during forecast period.

Based on Organization Size, market is studied across Large Enterprises and Small and Medium-sized Enterprises (SMEs). The Large Enterprises is projected to witness significant market share during forecast period.

Based on End Use, market is studied across BFSI, Energy and Utilities, Government, Healthcare and Life Sciences, IT and Telecom, Manufacturing, Media and Entertainment, Others, and Retail and Consumer Goods. The Government is projected to witness significant market share during forecast period.

Based on Deployment Model, market is studied across Cloud and On-Premises. The Cloud is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Managed Services Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Managed Services Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Managed Services Market, highlighting leading vendors and their innovative profiles. These include AT&T Inc., Atos SE, Canon Inc., Cisco Systems Inc., Cognizant Technology Solutions Corporation, Dell Technologies Inc., Fujitsu Limited, Hewlett Packard Enterprise Company, International Business Machines Corporation, Lenovo Group Ltd., Microsoft Corporation, Oracle Corporation, Tata Consultancy Services Ltd., and Toshiba Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Managed Services Market, by Service Type
7. Managed Services Market, by Organization Size
8. Managed Services Market, by End Use
9. Managed Services Market, by Deployment Model
10. Americas Managed Services Market
11. Asia-Pacific Managed Services Market
12. Europe, Middle East & Africa Managed Services Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Managed Services Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Managed Services Market?
3. What is the competitive strategic window for opportunities in the Managed Services Market?
4. What are the technology trends and regulatory frameworks in the Managed Services Market?
5. What is the market share of the leading vendors in the Managed Services Market?
6. What modes and strategic moves are considered suitable for entering the Managed Services Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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