Press release
Managed Services Market Size, Share, Growth and Trends, Report 2024-2031
Managed Services Market || 2024-2031
Managed service providers (MSPs) offer these services under contractual agreements, ensuring continuous monitoring, maintenance, and support, which allows businesses to focus on their core operations while improving efficiency, reducing costs, and mitigating risks associated with IT management.
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Market Dynamics:
Increased Dependence on IT Operations and Applications to Enhance Business Productivity
The growth of the global Managed Services market is largely fueled by the increasing reliance of businesses on IT operations and the adoption of new applications to boost productivity. By leveraging the managed services model, enterprises are able to reduce risks, control IT-related expenses, and most importantly, focus on their core operations. This shift not only minimizes the costs associated with maintaining IT services but also enhances overall business efficiency.
A compelling example is EIS, a subsidiary of Genuine Parts Company, which faced challenges with its aging AS400 on-premises system. By transitioning to cloud services, EIS optimized its SAP environment, eliminated its on-premises data center, and achieved significant benefits, including a 20% reduction in infrastructure costs, repurposing full-time employees, and a 96% time-saving in reporting processes. Such success stories highlight the value managed services bring to businesses looking for agility and cost-efficiency.
However, despite these advantages, factors like regulatory compliance requirements and the complexity of system integration may pose challenges to the market's growth in the near future.
Segment Covered in the Managed Services Market:
By Deployment: On-premise, Cloud.
By Type: Managed Data Centre, Managed Security, Managed Communications, Managed Network, Managed Infrastructure, Managed Mobility.
By End-User: BFSI, IT and Telecommunication, Healthcare, Entertainment and Media, Retail, Manufacturing, Government, Other.
Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/managed-services-market
Key players involved in Managed Services Market:
• Cisco Systems
• Dell Technologies
• HCL Technologies
• Hewlett Packard Enterprise
• IBM
• AT&T Inc.
• Avaya Inc.
• CA Technologies
• DXC Technology Company
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Data Integration Market: https://www.datamintelligence.com/research-report/data-integration-market
Tunnel Automation Market: https://www.datamintelligence.com/research-report/tunnel-automation-market
Regional Analysis:
The Managed Services Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Managed Services Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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