Emerging Trends Influencing The Growth Of The Managed Services Market: Revolutionizing IT Management The Role Of AI-Infused Managed Services

The Managed Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Managed Services Market?
The managed services market has witnessed significant expansion in recent years. The market size is expected to ascend from a worth of $290.89 billion in 2024 to an impressive $310.95 billion in 2025, marking a compound annual growth rate (CAGR) of 6.9%. Factors influencing this upward trend during the historic period include cost efficiency, the necessity for scalability, prioritizing core competencies, the intricacy of IT environments, and globalization.

The market size of managed services is predicted to exhibit swift expansion in the forthcoming years, culminating to $520.79 billion by 2029 with a compound annual growth rate (CAGR) of 13.8%. This surge during the forecast period can be ascribed to an escalation in IT environment complexities, an uptick in cyber threats, the management of remote workforces, a swell in cloud adoption, and a heightened emphasis on business continuity. Prominent trends projected for the same period encompass service customisation, data analytics and insights, a heightened thrust on customer experience, compliance management, and demands for scalability.

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What Are the Different Managed Services Market Segments?
The managed services market covered in this report is segmented -

1) By Service Type: Managed Security Services, Managed Network Services, Managed Data Center And IT Infrastructure Services, Managed Communication And Collaboration Services, Managed Mobility Services, Managed Information Services, Other Service Types
2) By Deployment model: Cloud, On-Premises
3) By Organizational Sizes: Large Enterprises, Small And Medium-sized Enterprises (SMEs)
4) By Application: BFSI, IT And Telecom, Retail And Consumer Goods, Manufacturing, Government, Healthcare And Life Sciences, Energy And Utilities, Media And Entertainment, Other Applications

Subsegments:
1) By Managed Security Services: Threat Monitoring and Management, Incident Response, Security Compliance Management
2) By Managed Network Services: Network Monitoring and Management, WAN Optimization, Network Design and Implementation
3) By Managed Data Center and IT Infrastructure Services: Data Center Management, Server Management, Backup and Disaster Recovery
4) By Managed Communication and Collaboration Services: Unified Communication Solutions, Video Conferencing Services, Collaboration Tools Management
5) By Managed Mobility Services: Mobile Device Management (MDM), Mobile Application Management (MAM), Endpoint Security for Mobile Devices
6) By Managed Information Services: Data Analytics and Business Intelligence, Information Governance, Document Management Services
7) By Other Service Types: Managed Print Services, Managed Cloud Services, IT Help Desk and Support Services

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What Are the Primary Drivers Shaping the Managed Services Market?
The growth of the managed services market is set to be driven by the escalating count of small and midsize businesses (SMB). A small business is characterized as an organization with less than 100 staff members, whereas midsize enterprises encompass those with 100 to 999 employees. SMBs necessitate managed services to effectively administer their IT infrastructure, cybersecurity, and network management. This enables them to concentrate on primary business activities without the need for comprehensive technical expertise in-house. For example, GOV.UK, a UK-based government services and information provider, reported in October 2022, that the number of small businesses was 5.47 million and medium-sized enterprises were 35,900 in 2022. This demonstrated a rise when juxtaposed with 2021 figures. Consequently, the ballooning number of SMBs is fueling the expansion of the managed services market.

Which Companies Are Leading in the Managed Services Market?
Major companies operating in the managed services market include Huawei Technologies Co Ltd., Verizon Communications Inc., AT&T Inc., accenture* plc, International Business Machines Corporation (IBM), Deloitte AG, Cisco Systems Inc., Fujitsu Global Limited, Tata Consultancy Services Limited, Ericsson AB, Nokia Corporation, BAE Systems plc, Capgemini SE, NTT DATA Corporation, Cognizant Technology Solutions Corporation, CenturyLink Inc., Infosys Limited, DXC Technology Company, Atos SE (Societe Europeenne de Services Informatiques), Wipro Limited, Rackspace Technology Inc., GTT Communications Inc., HCL Technologies Limited, Microland Limited, Secureworks Inc., Happiest Minds Technologies Limited, Alert Logic Inc., Intact Technology Inc., Business Technology Partners LLP

What Are the Major Trends Shaping the Managed Services Market?
Top businesses in the managed services market are dedicated to launching solutions that aid firms in proficiently managing their IT systems, providing them the leisure to concentrate on main operations. Artificial intelligence (AI) involves crafting computer systems or machines capable of executing tasks that usually need human intellect. For example, Happiest Minds Technologies Ltd, a company based in India, initiated WATCH360 in July 2024. This platform, enriched with AI, has been designed to simplify IT infrastructure management for companies. Bolstered by ELLIPSE, WATCH360 harnesses the power of artificial intelligence and machine learning to furnish real-time insights and process automation, thereby amplifying overall IT effectiveness. The service delivered is all-inclusive, managing IT infrastructure 24/7 for consistent aid and assured reliability. WATCH360 oversees a comprehensive assortment of IT elements, ranging from servers, databases, network and security devices to cloud-native services.

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What Are the Top Revenue-Generating Geographies in the Managed Services Market?
North America was the largest region in the managed services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the managed services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Managed Services Market?
2. What is the CAGR expected in the Managed Services Market?
3. What Are the Key Innovations Transforming the Managed Services Industry?
4. Which Region Is Leading the Managed Services Market?

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