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Key Factor Supporting Global IT Managed Services Market Development in 2025: Rising Cybersecurity Concerns Fueling Growth In The IT Managed Services Market
IT Managed Services
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IT Managed Services Market Size Growth Forecast: What to Expect by 2025?_x000D_
The market for IT managed services has seen substantial growth in recent years. The market will expand from a value of $278.4 billion in 2024 to $304.45 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.4%. Factors contributing to this growth during the historical period include greater emphasis on core business, an increase in the complexity of IT infrastructure, and improved scalability and flexibility, along with service integration and management (SIAM)._x000D_
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How Will the IT Managed Services Market Size Evolve and Grow by 2029?_x000D_
Anticipations show a robust growth in the IT managed services market size over the forthcoming years, reaching a value of $435 billion by 2029 with a CAGR of 9.3%. Various contributing factors for this projected growth include worries related to cybersecurity, optimization and shift to cloud services, support for remote work structures, AI and automation, and edge computing. The trend forecast for the said period points towards the dominance of zero trust security models, advanced mechanisms for threat detection and response, enlargement of edge AI and edge computing, management of containers and Kubernetes and the rise of AI-driven IT operations (AIOps)._x000D_
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What Drivers Are Propelling the Growth of IT Managed Services Market Forward?_x000D_
The expansion of the IT managed services market is projected to be driven by escalating concerns about cybersecurity. This refers to the defense of computer systems, networks, apps, and data from digital attacks, unauthorized access, and potential theft or damage. The increased dependence on digital technologies and interconnected systems elevates the significance of cybersecurity to protect against emerging cyber threats. IT-managed services boost cybersecurity with uninterrupted monitoring, threat identification, and quick response, ensuring a proactive strategy against evolving cyber threats. To illustrate, the Australian Cyber Security Centre, a cyber security agency based in Australia, reported that the cybercrime reports received in 2022 were 76,000, an increase of 13% from the previous year, as per their February 2023 data. Moreover, according to the Anti-Phishing Working Group, a U.S. organization, in the first quarter of 2022, the APWG documented a total of 1,025,968 phishing attacks, marking a 15% increase from the fourth quarter of 2021 when 888,585 attacks were recorded. Consequently, the growing concerns over cybersecurity are fuelling the growth of the IT managed services market._x000D_
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Which Emerging Trends Are Transforming the IT Managed Services Market in 2025?_x000D_
Leading IT managed services corporations are shifting their focus towards the creation of advanced solutions such as artificial intelligence (AI) and automation integration to achieve an edge in competitive markets. This process involves combining AI technologies with automated systems to boost efficiency and decision-making across varying systems or workflows. AI and automation in IT-managed services augment productivity, enabling organizations to enhance their performance and reliability in managing infrastructure. Take for example Pia Trading Co., a US-based company specializing in AI-led automation, which in January 2023 launched Pia aiDesk. This unique automation platform, designed to smoothly integrate with existing IT service management (ITSM) tools, aims to streamline processes, free up resources, and improve operational efficiencies specifically for Managed Service Providers (MSPs). Pia aiDesk utilizes a mix of technologies such as artificial intelligence, machine learning, natural language processing, robotic process automation, and the Pia chatbot to elevate service delivery for MSPs._x000D_
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What Are the Key Segments in the IT Managed Services Market?_x000D_
The it managed servicesmarket covered in this report is segmented -_x000D_
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1) By Type: Cloud-Based, On-Premise_x000D_
2) By Enterprise Size: Medium And Small-Sized Enterprises, Large Enterprises_x000D_
3) By Application: Banking, Financial Services, And Insurance, Retail, Logistics, Healthcare And Lifesciences, Government, Information Technology (IT) And Telecommunication, Other Applications_x000D_
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Subsegments:_x000D_
1) By Cloud-Based: Public Cloud, Private Cloud, Hybrid Cloud_x000D_
2) By On-Premise: On-Premise IT Infrastructure Management, On-Premise Network Management, On-Premise Security Management_x000D_
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Who Are the Key Players Shaping the IT Managed Services Market's Competitive Landscape?_x000D_
Major companies operating in the IT managed services market are AT&T Inc., Dell Technologies Inc., Lenovo Group Limited, accenture* PLC, International Business Machines Corporation, Cisco Systems Inc., Hewlett Packard Enterprise Development, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Cognizant Technology Solutions Corporation, Infosys Limited, Lumen Technologies Inc., DXC Technology, Rackspace Technology Global Inc., SAS Institute Inc., Presidio Holdings Inc., Wipro Limited, BMC Software Inc., Unisys Corporation, CA Technologies, Alcatel-Lucent Enterprise SAS, Sapiens International Corporation N.V., Avaya Inc., Jade Global Inc., Marco Technologies LLC_x000D_
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What Geographic Markets Are Powering Growth in the IT Managed Services Market?_x000D_
North America was the largest region in the IT managed services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IT managed services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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