Overview and Scope
Managed information services (MIS) refers to outsourcing comprehensive IT management and maintenance tasks, including network management, data storage, cybersecurity, software updates, help desk support, and strategic IT planning. MIS providers, also known as managed service providers (MSPs), ensure an organization’s IT operations’ reliability, security, and efficiency, allowing the client to focus on core business activities while benefiting from expert IT management and support.
Sizing and Forecast
The managed information services market size has grown rapidly in recent years. It will grow from $277.66 billion in 2023 to $324.67 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to remote work trend, cloud adoption, rising cybersecurity threats and data breaches, increased complexity of IT infrastructure.
The managed information services market size is expected to see rapid growth in the next few years. It will grow to $595.16 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to increasing regulatory requirements, evolving cyber threat landscape, data analytics and business intelligence, environmental and social responsibility, digital transformation initiatives. Major trends in the forecast period include extended use of artificial intelligence (AI) and machine learning (ML), edge computing expansion, blockchain for data integrity and security, integration of 5G services, advanced data analytics and AI-driven insights.
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Segmentation & Regional Insights
The managed information services market 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
North America was the largest region in the managed information services market in 2023. 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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Major Driver Impacting Market Growth
A growing emphasis on cybersecurity is expected to propel the growth of the managed information services market going forward. Cybersecurity protects computer systems, networks, and digital assets from unauthorized access, attacks, damage, or security breaches. The growing emphasis on cybersecurity is driven by the increasing sophistication of cyberattacks, the proliferation of cybercrime, and the expanding attack surface due to technological advancements. Managed information services (MIS) play a crucial role in cybersecurity by providing organizations with a proactive and comprehensive approach to protecting information systems and data. For instance, according to the Department for Science, Innovation, and Technology, a UK-based government body, in 2022, cybercrime impacted 11% of businesses and 8% of charities collectively. Further, it rose to 26% for medium-sized companies, 37% for large corporations, and 25% for high-income charities in 2023. Therefore, the growing emphasis on cybersecurity is driving the growth of the managed information services market.
Key Industry Players
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
The managed information services market report table of contents includes:
- Executive Summary
- Managed Information Services Market Characteristics
- Managed Information Services Market Trends And Strategies
- Managed Information Services Market – Macro Economic Scenario
- Global Managed Information Services Market Size and Growth
- Managed Information Services Market Segmentation
- Managed Information Services Market Regional And Country Analysis
……………….
- Key Mergers And Acquisitions In The Managed Information Services Market
- Managed Information Services Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Managed Information Services Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Managed Information Services Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Managed Information Services Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………….
Table 75: Microsoft Corporation Financial Performance
Table 76: Verizon Communications Inc. Financial Performance
Table 77: Deutsche Telekom AG Financial Performance
Table 78: Nippon Telegraph and Telephone Corporation Financial Performance
Table 79: Dell Technologies Inc. Financial Performance
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