Global Managed Services Market size was valued at US$ 262.08 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 7.9% through 2023 to 2029, reaching nearly US$ 446.27 Bn.
Managed Services Market Report Scope and Research Methodology
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The report segments the Managed Services Market based on Service Type, Deployment Mode, Organization Size, Vertical, and Region. This segmentation provides valuable insights into growth factors, core application areas, and market gaps, enabling businesses to formulate effective strategies. The report offers an in-depth analysis, supported by historical data, statistics, and industry validation.
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What are Managed Services Market Dynamics?
The COVID-19 pandemic has driven significant changes in the global work landscape, with remote work becoming the new norm. This shift, combined with the transition from private to public clouds, has introduced security challenges. Managed services are well-equipped to secure IT infrastructure, offering services such as continuous monitoring and access management. Managed service providers (MSPs) have also expanded their security services to adapt to evolving work styles and deliver top-notch solutions.
Managed services offer the advantage of engaging a team of IT experts for a fixed monthly fee, providing businesses with the flexibility to scale resources based on project requirements. Whether it’s maintaining systems or outsourcing the entire IT department, managed services offer a tailored approach to address specific needs.
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What is Managed Services Market Regional Insight?
The Asia Pacific region is set to dominate the global managed services market by 2029, with a projected market share. Countries like Australia, India, Japan, New Zealand, and China are driving this growth, fueled by competitive markets, the adoption of advanced technologies, and the demand for managed security services.
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What is Managed Services Market Segmentation?
by Service Type
Managed Network Services
Managed Information Services
Managed Security Services
Managed Data Center Services
Managed Communication & Collaboration Services
Managed Mobility Services
Managed IT Infrastructure Services
by Deployment Mode
Cloud
On-Premises
by Organization Size
Small & Medium Enterprises
Large Enterprises
by Vertical
BFSI
Consumer Goods & Retail
Manufacturing
Healthcare & Life Sciences
Media & Entertainment
Telecom & IT
Government & Public
Energy & Utilities
Education
Others
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Who are Managed Services Market Key Players?
1. Huawei
2. Tata Consultancy Services
3. Ericsson
4. Cisco Systems
5. IBM
6. Accenture
7. DXC Technology
8. Nokia Networks
9. Unisys
10. HCL
11. Aricent
12. Adilink Technology
13. Microland
14. Optanix
15. Intact Tech
16. Corsica Technologies
17. AC3
18. 1-Net
Table of content for the Managed Services Market includes:
Key Offerings:
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