The Multi-Vendor Support Services by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Multi-Vendor Support Services, The multi-vendor support services market size has grown steadily in recent years. It will grow from $62.56 billion in 2023 to $65.14 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to increased complexity of it environments, cost optimization pressures on organizations, diverse technology vendor ecosystems, aging it infrastructures, need for flexible and customized support solutions.
The multi-vendor support services market size is expected to see strong growth in the next few years. It will grow to $79.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to growth in hybrid and multi-cloud environments, rising demand for cybersecurity support services, accelerated adoption of emerging technologies, increasing focus on it resilience and business continuity, expansion of global it operations. Major trends in the forecast period include shift towards outcome-based support models, integration of ai and automation in support services, emphasis on proactive and predictive support, demand for unified support across multiple vendors, evolving service level agreements (slas) in multi-vendor support.
A significant increase and presence of technology providers will propel the growth of multi-vendor support services market during the forecast period. The need for IT enterprises and skills is rising as technology continues to permeate every area of the commercial and business environment, and this demands vendor support services for effective technology implementation. For instance, in 2021, CDS, a provider of multi-vendor services (MVS) for data centers introduced Commit, a new channel program to bring multi-vendor services to leading solution providers. This global channel program was designed to help solution providers offer enterprise customers the most advanced, comprehensive, and complementary infrastructure services.
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The multi-vendor support services market covered in this report is segmented –
1) By Type: Hardware Support Services, Software Support Services
2) By Application: Sales And Marketing, Financial And Accounting, Supply Chain, IT Operations, Other Applications
3) By Organization Size: Small And Medium Sized Enterprises, Large Enterprises
4) By Vertical: Banking, Financial Services And Insurance, Telecom And IT, Media And Entertainment, Travel And Logistics, Other Verticals
Demand for multi-vendor support services by telecom operators is a new trend gaining popularity in the multi-vendor support services market. To offer services suitable for 2G/3G/4G, future 5G mobile, data, TV, fixed line, and unified communications, communication service providers (CSPs) are developing complicated multi-vendor networks (UC). For instance, in September 2021, Vodafone successfully tested a system with the help of Benu Networks, Casa Systems, Cisco, and Nokia that would make it quicker and simpler to deploy faster-fixed broadband services to both new and current customers throughout Europe. This is a step in enabling the present monolithic, single-supplier broadband gateways to benefit from increased technical innovation from a more varied supply chain that is called Disaggregated BNG technology will alter the way the broadband networks are created.
The multi-vendor support services market report table of contents includes:
1. Executive Summary
2. Multi-Vendor Support Services Market Characteristics
3. Multi-Vendor Support Services Market Trends And Strategies
4. Multi-Vendor Support Services Market – Macro Economic Scenario
5. Global Multi-Vendor Support Services Market Size and Growth
…..
31. Global Multi-Vendor Support Services Market Competitive Benchmarking
32. Global Multi-Vendor Support Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Multi-Vendor Support Services Market
34. Multi-Vendor Support Services Market Future Outlook and Potential Analysis
35. Appendix
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