Press release
Managed Services Market to Exhibit 11.3% CAGR and Generate $594.8 Billion by 2031
Managed Services Market
๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:The growing demand for IT services across the globe is expected to make the managed services market a highly profitable one in the forecast period. Additionally, rising adoption of cloud computing services is predicted to propel the market forward.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ: Growing digitalization and adoption of advanced technologies is predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, the ability of managed service providers to offer services such as security, data backup and recovery, network monitoring, and help desk support has increased their popularity, which is expected to propel the market forward in the coming years.
๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ: According to market analysts, data security concerns might become a restraint in the growth of the market.
Download Sample now @ https://www.researchdive.com/download-sample/388
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ง๐๐ ๐๐ ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
The Covid-19 pandemic disrupted the routine lifestyle of people across the globe and the subsequent lockdowns adversely impacted the industrial processes across all sectors. The managed services market, however, has been an exception. The pandemic saw an increase in demand for managed services due a shift to remote work culture. Additionally, an increase in use of cloud computing led to growing use of managed services, which further pushed the growth rate of the market.
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ง๐๐ ๐๐ ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
The report has divided the managed services market into various segments based on organization size, deployment type, service type, industry vertical, and region.
Based on organization size, the large sub-segment is projected to be highly dominant by 2031. The ability of managed services to offer end-to-end services that cover planning, designing, implementation, and administration of IT systems make them a necessary service for large organizations, which is expected to make the sub-segment a highly dominant one in the forecast period.
Based on deployment type, the cloud sub-segment is predicted to witness fastest growth by 2031. Cloud-based managed services make it easier for businesses to access data and apps from any device or location without the need for on-premises infrastructure. This utility of cloud-based managed services is expected to augment the growth rate of the market in the 2022-2031 timeframe.
Based on service type, the security services sub-segment garnered largest revenue in 2021. This is mainly because Managed Security Service Providers (MSSPs) offer a variety of services, such as intrusion detection, vulnerability scanning, managed firewalls, anti-viral services, and other similar services, which is expected to augment the growth rate of the market in the 2022-2031 timeframe.
Based on industry vertical, the BFSI sub-segment held the largest market share in 2021. The growing usage of managed services by banks to improve their capabilities and business operations is predicted to push the sub-segment forward.
Based on Region, the North America managed services market accounted for the major market share in 2021. The growing expanse of IT companies and rising cloud technology use are anticipated to be the two major factors behind the growth of the market in this region.
Request for Customization @ https://www.researchdive.com/request-for-customization/388
๐๐๐ฃ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The key players of the managed services market include IBM, AT&T, Ericsson, HCL, Cisco, TCS, Fujitsu, Dimension Data, and Atos. These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain market growth.
For instance, in November 2022, 11:11 Systems, an IT services management company, announced the acquisition of Sungard Availability Services, a disaster recovery company. This acquisition is expected to push the market share of the acquiring company, i.e., 11:11 Systems significantly.
The report also summarizes several crucial aspects, such as the financial performance of key market players, SWOT analysis, product portfolio, and the latest strategic advancements.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Data Collection and Labeling Market: https://www.researchdive.com/8881/data-collection-and-labeling-market
Digital Content Creation Market: https://www.researchdive.com/8886/digital-content-creation-market
Online Tutoring Services Market: https://www.researchdive.com/8779/online-tutoring-services-market
Mining Automation Market: https://www.researchdive.com/8776/mining-automation-market
Marketing Technology (MarTech) Market: https://www.researchdive.com/8794/marketing-technology-market
Contact:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
Toll Free: 1-888-961-4454
E-mail: support@researchdive.com
Website: https://www.researchdive.com
About Research Dive:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable.
Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Managed Services Market to Exhibit 11.3% CAGR and Generate $594.8 Billion by 2031 here
News-ID: 3598030 • Views: โฆ
More Releases from Research Dive
Electronic Data Management Market Expected to Rise Progressively by 2031 Due to โฆ
The global electronic data management market is expected to witness significant growth by 2031, owing to the rising applications of electronic data management in the industrial sector. The North America region was the most dominant in 2021.
As per the report published by Research Dive, the global electronic data management market is projected to garner a revenue of $19,289.5 million and rise at a stunning CAGR of 12.2 % duringโฆ
Gastric Cancer Market Predicted to Make a Strong Comeback after the Pandemic Deb โฆ
The global gastric cancer market is predicted to observe significant growth by 2031, owing to the increasing pervasiveness of gastric cancer among people worldwide. The Asia-Pacific region generated the highest market share in 2021.
As per the report published by Research Dive, the global gastric cancer market is envisioned to garner a revenue of $10,737.00 million and grow at a fascinating CAGR of 17.9% over the estimated timeframe fromโฆ
Off Grid Solar Market to Exhibit 12.3% CAGR and Generate $5,825.80 Million by 20 โฆ
As per the report published by Research Dive, the global off grid solar market is predicted to generate a revenue of $5,825.80 million and grow at a stunning CAGR of 12.3% during the analysis timeframe from 2022 to 2031.
The global off grid solar market is predicted to witness prominent growth by 2031, owing to the increasing demand for electricity independence across the globe. The Asia-Pacific region garneredโฆ
Roofing Materials Market to Garner a Revenue of $186.7 Billion and Exhibit a 4.3 โฆ
As per the report published by Research Dive, the global roofing materials market is expected to register a revenue of $186.7 billion by 2031, at a CAGR of 4.3% during the forecast period 2022-2031.
The global roofing materials market is expected to grow primarily due to the growing need for waterproofing roofing materials. Re-roofing sub-segment is expected to flourish immensely. The Asia-Pacific region is predicted to grow at a highโฆ
More Releases for Services
Managed Services by Ensure Services
Ensure Services is a leading managed services provider offering comprehensive IT support and solutions designed to streamline operations, improve efficiency, and reduce operational costs for businesses of all sizes. Our managed services are tailored to meet the unique needs of your organization, ensuring you can focus on your core business while we handle your IT infrastructure.
With years of experience and a team of certified professionals, we deliver proactive monitoring, ongoingโฆ
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services โฆ
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources andโฆ
North & South America Commercial Services Market 2022 (Employment Services, Offi โฆ
The Business Research Companyโs Commercial Services Global Market Report 2019 covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the marketโs historic and forecast market growth by geography. Ratios of market size and growth to related markets, GDP proportions, and expenditure per capita for the market is detailed in the report. Data and analysis throughout theโฆ
AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & โฆ
Kunal Repair & Services is growing on-demand home services platform in India and we are currently operating in Gurgaon. We offer an array of services which include AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & Repair, R.O Services & Repair, Microwave Services & Repair, Geyser Services & Repair. Our operating philosophy for solving this massive problem is - Right price.
To know why we do what weโฆ
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc โฆ
A report added to the rich database of Qurate Business Intelligence, titled โGlobal Electrical Services Market Size, Status and Forecast 2023โ, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in contextโฆ
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te โฆ
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China.
Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492โฆ
