IT Managed Services Global Market Set For Rapid Growth, To Reap Bulk Revenues, Application And Forecast To 2033 | Cisco Systems Inc., Fujitsu Limited, Infosys Limited, DXC Technology

The IT managed services market size has grown strongly in recent years. It will grow from $253.80 billion in 2023 to $278.40 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to focus on core business, increasing complexity of IT infrastructure, scalability and flexibility, service integration and management (SIAM).

The IT managed services market size is expected to see strong growth in the next few years. It will grow to $398.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to cybersecurity concerns, cloud migration and optimization, remote work support, AI and automation, edge computing. Major trends in the forecast period include zero trust security models, advanced threat detection and response, edge ai and edge computing expansion, containers and kubernetes management, AI-driven IT operations (AIOps).

Market Overview -
IT (information technology) managed services refers to third-party IT assistance and management that oversees and maintains an organization's IT infrastructure, systems, and operations. These services are intended to offload IT responsibilities from in-house IT teams, allowing businesses to focus on their primary business goals while leveraging the experience and resources of external IT specialists.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=14408&type=smp

Rising Cybersecurity Concerns Fueling Growth In The IT Managed Services Market
Increasing cybersecurity concerns are expected to propel the growth of the IT managed services market going forward. Cybersecurity refers to protecting computer systems, networks, programs, and data from digital attacks, unauthorized access, damage, or theft. The increasing reliance on digital technologies and interconnected systems amplifies the importance of cybersecurity to safeguard against evolving cyber threats. IT-managed services enhance cybersecurity by providing continuous monitoring, threat detection, and rapid response, ensuring proactive defense against evolving cyber threats. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the cybercrime reports received in 2022 were 76,000, up from 13% from the previous year. Furthermore, in June 2022, according to the Anti-Phishing Working Group, a US-based organization, in the first quarter of 2022, the APWG recorded a total of 1,025,968 phishing attacks, a 15% rise from the fourth quarter of 2021, when 888,585 attacks were reported. Therefore, increasing cybersecurity concerns are driving the growth of the IT managed services market.

Competitive Landscape -
Major companies operating in the IT managed services market are AT&T Inc., Dell Technologies Inc., Lenovo Group Limited, International Business Machines Corporation, Cisco Systems Inc., Hewlett Packard Enterprise Development, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Cognizant Technology Solutions Corporation, Infosys Limited, Lumen Technologies Inc., DXC Technology, Rackspace Technology Global Inc., SAS Institute Inc., Presidio Holdings Inc., Wipro Limited, BMC Software Inc., Unisys Corporation, CA Technologies, Alcatel-Lucent Enterprise SAS, Sapiens International Corporation N.V., Avaya Inc., Jade Global Inc., Marco Technologies LLC

AI And Automation Integration For Enhanced Efficiency And Performance
Major companies operating in IT managed services are increasing their focus on developing advanced solutions such as artificial intelligence (AI) and automation integration, to gain a competitive edge in the market. AI and automation integration involves blending AI technologies and automated processes to enhance efficiency and decision-making in various systems or workflows. AI and automation in IT-managed services enhance efficiency, and empower organizations for improved performance and reliability in infrastructure management. For instance, in January 2023, Pia Trading Co., a US-based AI-led automation company, introduced Pia aiDesk, a genuine automation platform designed to seamlessly integrate with existing IT service management (ITSM) tools. This innovation aims to streamline processes, release resources, and enhance operational efficiencies, specifically for managed service providers (MSPs). Pia aiDesk combines various technologies, such as artificial intelligence, machine learning, natural language processing, robotic process automation, and the Pia chatbot, to enhance service delivery for MSPs.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/it-managed-services-global-market-report

Key Segments -
The IT managed services market covered in this report is segmented -
1) By Type: Cloud-based, On-premise
2) By Enterprise Size: Medium And Small-sized Enterprises, Large Enterprises
3) By Application: Banking, Financial Services, And Insurance, Retail, Logistics, Healthcare And Lifesciences, Government, Information Technology (IT) And Telecommunication, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.