Managed Services Market is expected to grow from USD 223.0 billion in 2020 to USD 329.1 billion by 2027, at a (CAGR) of 8% during the forecast period.
The factors driving the market growth of the managed services market are the shortage of IT skilled professionals and the cost savings and IT budget reductions that allow enterprises to utilize managed services. Factors such as high cloud adoption rates, increased automation of IT environments, and the steadily increasing demand for managed services by small and medium-sized businesses (SMEs) are expected to create ample opportunities for managed service providers.
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The major players in the managed services market are 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),
Based on organization size, the managed services market has been segmented as follows:
- Small and Mid-Size Enterprises (SMEs)
- Large Enterprises
Based on deployment modes, the market has been segmented as follows:
- Cloud
- On-premises
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Scope of the Report
The research study analyzes the global Managed Services industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Managed Services Market Report
1. What was the Managed Services Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Managed Services Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Managed Services Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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