Global Managed Services Market Report by Market Study report scrutinizes the overall market synopsis globally, their restraining factors, drivers, major challenges, opportunities, latest trends to stabilize the global Managed Services market situation, future developmental plans, and values pertaining to various marketing states. This global Managed Services market report also enables users to make a decision and considering the overall market feasibility. It also adds thorough information on market size, product, key players, various application and major geographical regions.
Global Managed Services Market is valued approximately USD 207 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.1 % over the forecast period 2019-2026. Managed services are the practice of outsourcing on a proactive basis certain processes and functions intended to improve operations and cut expenses. It simplifies IT operations, increases user satisfaction, and improves service quality, while reducing operating costs. Managed servicesâ€™ options range from short-term post go-live assistance to long-term application operation.
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These services helps business enterprises to offload IT operations to third-party service providers also known as managed service providers (MSPs), allowing organizations to focus on their core business activities and strategies. Various managed services offered by the MSPs include support and maintenance services, enterprise mobility management, monitoring services, managed contact center services, network management, database management, server management, disaster recovery, security services, managed storage, web hosting, remediation services, application hosting, and others. The growing IT and Telecom sector drives the market for managed services. Further, the penetration of digital technology into multiple sectors such healthcare, education, manufacturing has increased the reliance of these sectors on IT services. Hence increasing the demand for managed services as the companies prefer to unload the technical operations on to third parties. Moreover, the adoption of IoT solutions which connects hardware devices, embedded software, communication services in applications such as Smart homes, smart transport and smart healthcare further fuel the market growth. However, concerns regarding the lack of expertise in advanced technologies such as cloud-based technology impedes the growth of the market over the forecast period of 2020-2026. Factors such as increase in the automation in IT environments and rapid cloud adoption and continuous progress in the demand for managed services among Small and Medium-sized Enterprises (SMEs) are expected to create ample opportunities for managed services vendors.
The regional analysis of global Managed Services market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to early adoption of the technology such as Recurring revenue model. Moreover, the presence of major companies in the region offer easy availability and lower prices. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising transformation in the region towards digital technology in various sectors such as Banking sector would create lucrative growth prospects for the Managed Services market across Asia-Pacific region.
Major market player included in this report are:
IBM Corporation (US)
Cisco Systems Inc. (US)
Fujitsu Ltd. (Japan)
DXC Technology (US)
AT&T Inc. (US)
HCL Technologies (India)
TATA Consultancy Services Limited (TCS) (India)The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service Types:
Managed Security Services
Managed Network Services
Managed Data Center and IT Infrastructure Services
Managed Communication and Collaboration Services
Managed Mobility Services
Managed Information Services
Information Technology (IT)
Banking, Financial Services and Insurance (BFSI)
Consumer Goods and Retail
Healthcare and Life Sciences
Energy and Utilities
Media and Entertainment
Others (transportation and Hospitality)
By Deployment Model:
Table of Contents:
- Global Emergency Managed Services Market Overview
- Market Competition by Manufacturers
- Production, Revenue (Value) by Region
- Supply (Production), Consumption, Export, Import by Regions
- Production, Revenue (Value), Price Trend by Type
- Market Analysis by Application
- Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
Summary of the regional outlook documented in this report:
- Consumption pattern and consumption rate with respected to each region.
- Predicted consumption rates over the forecast period.
- Market forecasts of key regions are detailed in the report.
- Consumption market share solely based on the regional contribution.
- Market share held by the listed geographies.
COVID-19, the disease it causes, surfaced in late 2019, and now had become a full-blown crisis worldwide. Over fifty key countries had declared a national emergency to combat coronavirus. With cases spreading, and the epicentre of the outbreak shifting to Europe, North America, India and Latin America, life in these regions has been upended the way it had been in Asia earlier in the developing crisis. As the coronavirus pandemic has worsened, the entertainment industry has been upended along with most every other facet of life. As experts work toward a better understanding, the world shudders in fear of the unknown, a worry that has rocked global financial markets, leading to daily volatility in the U.S. stock markets.
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