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Proactive Services Market Scope, Drivers, Trends, Strategies And Overview By 2033

Proactive Services Market Scope

Proactive Services Market Scope

The new report published by The Business Research Company, titled ""Proactive Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the proactive services market size has grown exponentially in recent years. It will grow from $5.26 billion in 2023 to $6.32 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The proactive services market size is expected to see exponential growth in the next few years. It will grow to $13.43 billion in 2028 at a compound annual growth rate (CAGR) of 20.8%.

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Powering The Surge In Proactive Services Market Growth
The increasing adoption of artificial intelligence (AI) and the internet of things (IoT) is significantly contributing to the growth proactive services market. Artificial intelligence (AI) and the internet of things (IoT) collect data from various sources in a network to analyze and identify patterns in collected data which can be used to predict issues that are repetitive in nature or may occur in similar conditions which can be helpful in executing proactive services. According to a September 2023 Artificial Intelligence (AI) Industry Statistics report by SmartTek Solutions, a US-based software development company, in 2022, the global AI market was worth a total of about $120 billion. In 2021, it was only worth $87 billion. If growth trends continue, the AI market is expected to exceed $1.5 trillion by 2030 and AI adoption is expected to have an annual growth rate of 37.3% from 2023 to 2030. Therefore, increasing adoption of artificial intelligence (AI) and the internet of things (IoT) is driving the proactive services market.

Driving Proactive Services For Enhanced Customer Experiences
Increasing collaborations and strategic partnerships are a key trend gaining popularity in the proactive services market. Major companies operating in the market are focusing on strategic partnerships with other companies and stakeholders to expand operations and popularize the value proposition of enhancing customer experience and support experience. For instance, in February 2022, a US-based IT services company, CSS Corp entered into a strategic partnership with SupportLogic, a US-based company offering support experience (SX) platforms that enable companies to proactively understand and act on the voice of the customer. The partnership aims to help businesses enhance their customer support experience proactively by preventing escalations, improving backlog management, and reducing customer adoption barriers. The companies will jointly execute several go-to-market programs in cloud-based support environments by leveraging AI and NLP. In addition, in June 2020, a US-based technology corporation, Microsoft partnered with Menlo Security, a US-based cyber security company to obtain advance vulnerability information through the Microsoft Active Protections Program (MAPP). The program helps in providing early access to vulnerability information to security software providers, thus, helping them protect their customers faster.

The proactive services market covered in this report is segmented -

1) By Service: Design and Consulting, Managed Services, Technical Support
2) By Technology: Big Data Analytics, Artificial Intelligence, Machine Learning
3) By Size: Large Enterprise, Small and Medium Enterprise
4) By Application: Cloud Management, Customer Experience Management, Data Center Management, End-point Management, Network Management

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Major companies operating in the proactive services market report are Microsoft Corporation, Symantec Corporation, Juniper Network Inc., Avaya Inc., DXC Technology, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., International Business Machines Corporation, Cisco Systems Inc., LivePerson Inc., NICE Systems Ltd., Genesys Telecommunications Laboratories Inc., Amazon.com Inc., NortonLifeLock Inc., Hootsuite, AT&T Inc., Ericsson India Limited, Fortinet Inc., Sutherland Global Services, Accentur*e plc, Wipro Limited, Infosys Limited, Capgemini SE, Cognizant Technology Solutions Corporation, Tata Consultancy Services Limited, HCL Technologies Limited, Tech Mahindra Limited, Mindtree Limited, Virtusa Corporation, Larsen & Toubro Infotech

Contents of the report:
1. Executive Summary
2. Proactive Services Market Report Structure
3. Proactive Services Market Trends And Strategies
4. Proactive Services Market - Macro Economic Scenario
5. Proactive Services Market Size And Growth
…..
27. Proactive Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company
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Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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