Press release
Soaring Demand Set to Propel Managed Information Services Market to $692.43 Billion by 2029
Managed Information Services Market
How Large Will the Managed Information Services Market Size By 2025?
The market size of the managed information services has seen substantial growth in the past few years. The market, valued at $324.67 billion in 2024, is projected to surge to $377.72 billion in 2025, boasting a compound annual growth rate (CAGR) of 16.3%. The significant growth in this historic period can be tied back to variables such as the surge in remote working, widespread cloud adoption, escalating cybersecurity threats and data breaches, and heightened complexity of IT infrastructure.
How Big Is the Managed Information Services Market Size Expected to Grow by 2029?
Rapid expansion is anticipated in the managed information services market in the forthcoming years with it being predicted to rise to $692.43 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 16.4%. The projected enlargement during this timeframe is primarily due to mounting regulatory needs, the changing landscape of cyber threats, advances in data analytics and business intelligence, and obligations towards environmental and societal concerns, in addition to initiatives for digital transformation. The forecast period also exhibits predominant trends such as the intensified utilization of artificial intelligence (AI) and machine learning (ML), the proliferation of edge computing, the use of blockchain for ensuring data integrity and security, the integration of 5G services, and the use of advanced data analytics and AI-generated insights.
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Which Key Market Drivers Powering Managed Information Services Market Expansion and Growth?
The escalating focus on cybersecurity is predicted to boost the expansion of the managed information services market in the future. Cybersecurity safeguards computer systems, networks, and online resources from unauthorized entry, assaults, damage, or security incidents. The burgeoning focus on cybersecurity comes from the rising complexity of cyber attacks, the wide spread of cyber crimes, and the growing attack surface due to technological innovations. Managed information services (MIS) are highly instrumental in cybersecurity by offering businesses a proactive and thorough strategy to shield information systems and data. For example, in June 2024, as per IT Governance USA Inc., an American firm that provides IT governance, risk management, and compliance solutions, the quantity of identifiable breached records per month elevated from 2,306,294,320 in 2023 to 5,336,840,757 in 2024. Thus, the escalating emphasis on cybersecurity is stimulating the expansion of the managed information services market.
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Which Fast-Growing Trends Are Poised to Disrupt the Managed Information Services Market?
Leading firms in the managed information services sector are concentrating on creating advanced solutions, such as the Edge Platform, to leverage artificial intelligence applications and secure a competitive advantage. The Edge Platform for Scaling AI Applications serves as an empowering tool for businesses by facilitating the acceleration of AI deployment timelines and fostering collaborations with partners to bolster the end-to-end private network market. An example of this is the launch of the new Edge Platform for scaling AI applications by Intel Corporation, a US-based technology entity, in February 2024. The platform streamlines developing, implementing, and managing edge AI applications and aids businesses in executing, safeguarding, and managing edge and AI solutions at a large scale with the easiness akin to the cloud. This platform empowers corporations to speed up deployment timelines, optimize total cost of ownership (TCO), and realize increased return on investment.
What Are the Emerging Segments in the Managed Information Services Market?
The managed information servicesmarket covered in this report is segmented -
1) By Solution: Managed Networks, Managed Infrastructure, Managed Communication, Managed Security, Managed Data Center
2) By Function: Data Backup And Recovery, Network Monitoring And Security, Human Resource, System Management
3) By Deployment Mode: On-Premise, Cloud
4) By End-User: Energy And Utility, Healthcare, Financial, Manufacturing, Banking, Financial Services And Insurance (BFSI), Government, Information Technology (IT) And Telecommunications, Other End-Users
Subsegments:
1) By Managed Networks: Managed LAN (Local Area Network), Managed WAN (Wide Area Network), Managed SD-WAN (Software-Defined WAN), Managed VPN (Virtual Private Network), Managed WLAN (Wireless Local Area Network)
2) By Managed Infrastructure: Managed Servers, Managed Storage, Managed Cloud Infrastructure, Managed Virtualization, Managed Backup and Recovery
3) By Managed Communication: Managed VoIP (Voice Over Internet Protocol), Managed Unified Communications, Managed Email Services, Managed Collaboration Tools, Managed Video Conferencing
4) By Managed Security: Managed Firewall Services, Managed Intrusion Detection Or Prevention Systems (IDS Or IPS), Managed Endpoint Security, Managed Threat Detection And Response, Managed Identity And Access Management (IAM)
5) By Managed Data Center: Managed Colocation Services, Managed Hosting Services, Managed Cloud Hosting, Managed Disaster Recovery Services, Managed Backup And Data Storage
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Who Are the Global Leaders in the Managed Information Services Market?
Major companies operating in the managed information services market are Microsoft Corporation, Verizon Communications Inc., Deutsche Telekom AG, Nippon Telegraph and Telephone Corporation, Dell Technologies Inc., accenture* PLC, International Business Machines Corporation, Cisco Systems Inc., Orange Business Services, Hewlett-Packard Enterprise Company, Fujitsu Ltd., Nokia Solutions and Networks Oy, Tata Consultancy Services Limited, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, DXC Technology Company, CenturyLink Inc., VMware Inc., Atos SE, HCL Technologies Limited, Rackspace Inc., Wipro Ltd., BMC Software Inc., Unisys Corporation
Which are the Top Profitable Regional Markets for the Managed Information Services Industry?
North America was the largest region in the managed information services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the managed information services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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