2025-2034 Managed Services Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Managed Services Industry Market Size Be by 2025?
Over the past few years, there has been substantial growth in the market size of managed services. This sector will escalate from a worth of $290.89 billion in 2024 to a new height of $309.02 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.2%. Key factors such as cost efficiency, necessity for scalability, emphasis on primary competencies, complexities of IT environments, and globalization, have contributed to this historic growth period.

What's the Long-Term Growth Forecast for the Managed Services Market Size Through 2029?
Over the coming years, it is anticipated that the market size for managed services will undergo quick expansion. It's projected to swell to a sizable $510.24 billion by 2029, with a steady compound annual growth rate (CAGR) of 13.4%. This upsurge can be attributed to several factors such as the increased intricacy of IT surroundings, a spike in digital threats, remote workforce administration, a rise in cloud adaptation, and emphasis on maintaining business continuity. Significant trends expected during this estimated period include the customization of services, importance of data analytics and insights, the focus on improving customer experience, meticulous compliance administration, and increasing scalability requirements.

View the full report here:
https://www.thebusinessresearchcompany.com/report/managed-services-global-market-report

What Are the Key Growth Drivers Fueling the Managed Services Market Expansion?
The surge in small and midsize businesses (SMB), characterized by organizations with less than 100 employees and those with 100 to 999 employees respectively, is set to fuel the expansion of the managed services market. As SMBs lack the technical expertise to effectively manage their IT infrastructure, cybersecurity, and network management, these services are valuable for them to concentrate on their main business operations. It was revealed by GOV.UK, a provider of government services and information based in the UK, that in October 2022, the number of small businesses stood at 5.47 million and medium-sized businesses at 35,900, marking an increase from 2021. Hence, the rising number of SMBs serves as a growth engine for the managed services market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5697&type=smp

What Are the Key Trends Driving Managed Services Market Growth?
Prime corporations engaged in the managed services market are prioritizing the launch of managed services offerings to assist companies in administering their IT environments effectively, thus enabling concentration on key functions. The term Artificial Intelligence (AI) pertains to the advancement of computer mechanisms capable of carrying out tasks generally necessitating human cognition. For example, back in July 2024, Happiest Minds Technologies Ltd, a firm based in India, unveiled WATCH360. This AI-integrated platform aims to improve IT infrastructure management within firms. WATCH360, powered by ELLIPSE, harnesses AI and machine learning to deliver real-time insights and automation of procedures, which in turn boosts overall IT productivity. The platform also provides 24/7 IT infrastructure control, promising reliability and continuous assistance. WATCH360 handles a broad array of IT elements such as servers, databases, network and security apparatus, in addition to cloud-native services.

How Is the Managed Services Market Segmented?
The managed servicesmarket 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=5697&type=smp

Which Companies Are Leading the Charge in Managed Services Market Innovation?
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

Which Regions Are Leading the Global Managed Services Market in Revenue?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5697

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.