Press release
Market Trend Insights: The Impact of Recent Developments on the Managed Information Services Market
Managed Information Services Market
Significant Growth Expected in Managed Information Services Market Size by 2030
The managed information services market is projected to experience rapid growth over the coming years, reaching a value of $806.41 billion by 2030. This impressive expansion corresponds to a compound annual growth rate (CAGR) of 16.4%. Several factors contribute to this rise, including the broader adoption of hybrid cloud infrastructures, a surge in cyber threats, the growing demand for scalable IT service models, and the increase in remote and distributed workforces. Additionally, the accelerated integration of AI-based service automation plays a vital role in driving market growth. Key trends shaping the future include AI-powered IT operations management, widespread adoption of cloud-based managed services, comprehensive cybersecurity service models, expanded remote infrastructure monitoring, and a shift toward outcome-based managed service contracts.
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Leading Companies Dominating the Managed Information Services Market
The managed information services sector features numerous influential companies driving innovation and market presence. Some of the top players include Microsoft Corporation, Verizon Communications Inc., Deutsche Telekom AG, Nippon Telegraph and Telephone Corporation, Dell Technologies Inc., and accenture* PLC. Other important contributors are International Business Machines Corporation (IBM), 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., and Unisys Corporation.
Strategic Acquisition to Enhance Managed Service Capabilities
In January 2024, accenture* plc, an Ireland-based technology and consulting firm, acquired Navisite for an undisclosed sum. This move is intended to expand and strengthen accenture*'s application and infrastructure managed-services offerings. It aims to better support clients in modernizing IT systems for the AI era and accelerating cloud transformation efforts. Navisite, based in the United States, is recognized for its expertise in digital transformation and managed services. The acquisition brings roughly 1,500 employees, including over 400 cloud engineers and more than 2,000 professional certifications, into accenture*'s global workforce.
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Emerging Trends Fueling Innovation in Managed Information Services
Major players in the managed information services market are focusing heavily on developing advanced solutions to maintain a competitive advantage. One notable example is the creation of Edge Platforms designed specifically for scaling AI applications. These platforms enable businesses to speed up AI deployment timelines and collaborate with partners to expand private network markets.
For instance, in February 2024, Intel Corporation introduced a new Edge Platform aimed at simplifying the development, deployment, and management of edge AI applications. This technology allows organizations to build, run, secure, and manage AI and edge solutions with cloud-like ease. The platform is designed to accelerate deployment, reduce total cost of ownership (TCO), and improve return on investment (ROI), representing a significant step forward in AI infrastructure management.
Overview of Managed Information Services Market Segmentation
This market is categorized into several segments for detailed analysis:
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
Subcategories further break down each solution:
- Managed Networks include Managed LAN, WAN, SD-WAN, VPN, and WLAN services.
- Managed Infrastructure covers Managed Servers, Storage, Cloud Infrastructure, Virtualization, and Backup and Recovery.
- Managed Communication comprises Managed VoIP, Unified Communications, Email Services, Collaboration Tools, and Video Conferencing.
- Managed Security involves Firewall Services, Intrusion Detection/Prevention Systems (IDS/IPS), Endpoint Security, Threat Detection and Response, and Identity and Access Management (IAM).
- Managed Data Center offerings consist of Colocation Services, Hosting Services, Cloud Hosting, Disaster Recovery, and Backup/Data Storage services.
This segmentation provides a comprehensive understanding of the managed information services market and its diverse offerings across industries and technologies.
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