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Managed Information Services Market Research 2024-2033: Comprehensive Analysis and Insights
Managed Information Services Market Research
Managed Information Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $595.16 Bn In 2028 At A CAGR Of 16.4% :
The managed information services market size has grown rapidly in recent years. It will grow from $277.66 billion in 2023 to $324.67 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to remote work trend, cloud adoption, rising cybersecurity threats and data breaches, increased complexity of IT infrastructure.
The managed information services market size is expected to see rapid growth in the next few years. It will grow to $595.16 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to increasing regulatory requirements, evolving cyber threat landscape, data analytics and business intelligence, environmental and social responsibility, digital transformation initiatives. Major trends in the forecast period include extended use of artificial intelligence (AI) and machine learning (ML), edge computing expansion, blockchain for data integrity and security, integration of 5G services, advanced data analytics and AI-driven insights.
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Managed Information Services Market Major Segments
The managed information services market covered in this report is segmented -
1) By Solution: Managed Networks, Managed Infrastructure, Managed Communication, Managed Security, Managed Data Center
2) By Function: Data Backup And Recovery, Network Monitoring And Security, Human Resource, System Management
3) By Deployment Mode: On-Premise, Cloud
4) By End-User: Energy And Utility, Healthcare, Financial, Manufacturing, Banking, Financial Services And Insurance (BFSI), Government, Information Technology (IT) And Telecommunications, Other End-Users
Key Driver - Rising Cybersecurity Threats Fueling Growth In Managed Information Services Market
A growing emphasis on cybersecurity is expected to propel the growth of the managed information services market going forward. Cybersecurity protects computer systems, networks, and digital assets from unauthorized access, attacks, damage, or security breaches. The growing emphasis on cybersecurity is driven by the increasing sophistication of cyberattacks, the proliferation of cybercrime, and the expanding attack surface due to technological advancements. Managed information services (MIS) play a crucial role in cybersecurity by providing organizations with a proactive and comprehensive approach to protecting information systems and data. For instance, according to the Department for Science, Innovation, and Technology, a UK-based government body, in 2022, cybercrime impacted 11% of businesses and 8% of charities collectively. Further, it rose to 26% for medium-sized companies, 37% for large corporations, and 25% for high-income charities in 2023. Therefore, the growing emphasis on cybersecurity is driving the growth of the managed information services market.
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Prominent Trend - Launch Of Innovative Edge Platform For Advanced Computing Solutions In Managed Information Services
Major companies operating in managed information services increasingly focus on developing advanced solutions, such as Edge Platform, for scaling AI applications to gain a competitive edge in the market. Edge Platform for Scaling AI Applications refers to the platform that empowers enterprises by enabling them to accelerate time-to-scale AI deployments and work closely with partners to grow the end-to-end private network market. For instance, in February 2024, Intel Corporation, a US-based technology company, launched its new Edge Platform for scaling AI applications. It aims to simplify edge AI applications' development, deployment, and management, allowing enterprises to build, deploy, run, secure, and manage edge and AI solutions at scale with cloud-like simplicity. This platform empowers enterprises to accelerate time-to-scale deployment, improve total cost of ownership (TCO), and achieve higher returns on investment.
Managed Information Services Market Players
Major companies operating in the managed information services market are Microsoft Corporation, Verizon Communications Inc., Deutsche Telekom AG, Nippon Telegraph and Telephone Corporation, Dell Technologies Inc., PLC, International Business Machines Corporation, Cisco Systems Inc., Orange Business Services, Hewlett-Packard Enterprise Company, Fujitsu Ltd., Nokia Solutions and Networks Oy, Tata Consultancy Services Limited, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, DXC Technology Company, CenturyLink Inc., VMware Inc., Atos SE, HCL Technologies Limited, Rackspace Inc., Wipro Ltd., BMC Software Inc., Unisys Corporation
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Largest And Fastest Growing Region In The Market
North America was the largest region in the managed information services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the managed information services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Managed Information Services Market Report Structure
3. Managed Information Services Market Trends And Strategies
4. Managed Information Services Market - Macro Economic Scenario
5. Managed Information Services Market Size And Growth
…..
27. Managed Information Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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