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Managed Services Market projected to reach USD 329.1 billion by 2025, with a remarkable CAGR of 8.1%

iCrowdNewswire   May 14, 2020  3:00 PM ET

According to a new market research report Managed Services Market by Service Type (Managed Security, Managed Network, Managed Data Center and IT Infrastructure, and Managed Communication and Collaboration), Vertical, Organization Size, Deployment Type and Region – Global Forecast to 2025″, published by MarketsandMarkets, the market is expected to grow from USD 223.0 billion in 2020 to USD 329.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.1 % during the forecast period. Factors that drive the market growth of the managed services market are lack of IT skilled professionals, and cost reduction and lower IT budgets to force enterprises to leverage managed services.

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Managed data center and IT infrastructure services segment to hold the largest market size during the forecast period

Enterprises are adopting digital technologies, such as cloud computing, mobility, IoT, big data, and predictive analytics, at a high rate across the world. These disruptive technologies are driving the digital revolution by breaking the barriers between the physical and digital worlds. These advancements are empowering almost all the verticals, including IT, healthcare, retail, banking, manufacturing, and education, in terms of improved performance, faster time to market, and increased customer experience. However, managing an IT environment is a major concern for CIOs. Most of the IT enterprises are dedicating most of their time in the cycles of a plan, build, run, and maintain IT with untrained IT employees.

Large enterprises segment to hold a larger market size during the forecast period

The adoption of managed services in large enterprises is said to be higher as compared to SMEs. Large enterprises might have the necessary resources, but face issues when it comes to the deployment type, due to the variety of solutions and applications available. Managed services can help companies of all size reduce the overhead and boost productivity. Large enterprises can benefit from improved reliability and efficiency, enhanced security compliance, and increased capacity for projects.

On-premises segment to hold the largest market size during the forecast period

Managed services on-premises allow enterprises to hand over the complete system management to experts, ensuring maximum performance and availability of the existing data center investments. A managed service, physically installed onsite in a company’s infrastructure, is termed as on-premises managed services. Several enterprises that have traditional legacy tools are better suited to traditional on-premises-based services.

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North America to account for the largest market size during the forecast period

North America is estimated to dominate global managed services. The US and Canada are expected to be the major revenue contributors in the North American managed services market. The adoption of managed services offers benefits, such as improved reliability and efficiency, enhanced security compliance, and increased capacity. The developed economies in North America have been witnessing more adoption of managed services as compared to other countries across the globe.

The managed services market comprises major providers, such as IBM (US), Cisco (US), Fujitsu (Japan), Accenture (Ireland), Atos (France), DXC Technology (US), AT&T (US), Ericsson (Sweden), Cognizant US), HCL (India), TCS (India), Infosys (India), Dimension Data (South Africa), NTT (Japan), GTT Communications (US), Happiest Minds Technologies (India), Rackspace (US), Huawei (China), Nokia (Finland), and CenturyLink (US). The study includes the in-depth competitive analysis of these key players in the managed services market with their company profiles, recent developments, and key market strategies.

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About MarketsandMarkets™:

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Mr. Aashish Mehra

MarketsandMarkets™ INC.

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Northbrook, IL 60062

USA: 1-888-600-6441


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Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441

Keywords:    Managed Services Market, Managed Services Market size, Managed Services Market share, Managed Services Market growth, Managed Services Market research, Managed Services Market applications

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