Managed Services Market Size, Share, Growth, Forecast 2030

The global managed services market size was valued at USD 239.56 billion in 2022 and is anticipated to reach USD 413.79 billion between 2023- 2030. The market is expected to grow with a CAGR of 7.21% during the forecast period.

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The global managed services market report offers a holistic evaluation of the market. Furthermore, the managed services industry report provides a comprehensive analysis of market drivers, restraints, and the competitive landscape expected to play a substantial role in the market.

Global Managed Services Market: Overview

Managed services are deployed in the organization for securing crucial information. It is basically the outsourcing of system security and organization networks to service vendors for protecting, maintaining, and monitoring the resources of the organization.

Global Managed Services Market: Growth Factors

The growing demand to lower the overall cost of maintaining IT infrastructure and management is driving the growth of the global managed services market significantly. The outbreak of Covid-19 has significantly triggered the requirement for business automation processes to restore remote working. Nowadays, businesses are approaching managed service providers for value-added services in order to lower the security risk which is growing due to the outbreak of pandemic owing to the fact that a large number of employees are working through electronic communication remotely. Such surging trends are likely to create several lucrative growth opportunities in the global market during the forecast period. The growing preference for outsourcing management operations to cloud service providers will further complement the growth of the market globally. However, the surging concerns over privacy protection and data security across the different sectors need managed services solutions to combat the potential risk.

Managed Services Market: Report Scope

Furthermore, the managed services assist organizations in enhancing their operational efficiency and lower operating expenses. However, such a landscape will help businesses to focus on their core competencies. These services offer optimal resource distribution and help in augmenting the profitability of the organization. Flexible managed services and scalable infrastructure models are making it convenient for businesses to adopt advanced technology solutions. All these emerging scenarios will significantly promulgate the growth of the global managed services market.

Global Managed Services Market: Segmentation

The global managed services market can be segmented into end-user, enterprise, deployment, management information service, solution, and region.

By end-user, the market can be segmented into retail, media & entertainment, manufacturing, IT & telecom, healthcare, government, financial services, and others. The financial services segment accounts for the largest share in the global managed services market.

By enterprise, the market can be segmented into large and small & medium enterprises. The large segment holds the largest share in the global market due to the fact that these organizations need to deal with large volumes of data that require effective management.

By deployment, the market is segmented into hosted and on-premise. The on-premise segment dominates the global managed services market as the software allows large-scale customization along with ensuring infrastructure flexibility.

By management information services, the market can be segmented into project & portfolio management, business support, business process outsourcing, and others.

By solution, the market can be segmented into managed information, managed backup & recovery, managed security, managed communication, managed infrastructure, managed mobility, managed work, managed data center, and others.

Global Managed Services Market: Competitive Players

Some of the significant players in the global managed services market are Empist, Corsica Technologies, Cloud Specialists, AC3, Analytics, SecureKloud, BMC Software, Inc., Ascend technologies, 1-Net, Intact Tech, Essintial, Optanix, Microland, Microland, Hughes, Trustwave, BAE Systems, Alert Logic, Secureworks, Deloitte, BT, Capgemini, Cognizant, Wipro, CenturyLink, Nokia Networks, Huawei, Happiest Minds, NTT Data, GTT Communications, Ericssion, HCL, Infosys, Dimension Data, Verizon, AT&T, Rackspace, TCS, DXC, Cisco, Atos, Accenture, Fujitsu, and IBM.

Global Managed Services Market: Regional analysis

North America accounts for the largest share in the global managed services market due to the presence of prominent market leaders in the region. Moreover, the growing emphasis of IT companies on lowering the operational cost especially during the outbreak of the Covid-19 will significantly escalate the growth of the regional market.

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Asia Pacific is expected to witness a significant growth rate in forthcoming years due to the implementation of cloud-based solutions in the region. Moreover, the growing investments in the field of data security from several companies will contribute to the growth of the regional market.

Managed Services Market: Competitive Analysis

The key players in the global managed services market include:

• Empist
• Corsica Technologies
• Cloud Specialists
• AC3
• Analytics
• SecureKloud
• BMC Software Inc
• Ascend technologies
• 1-Net
• Intact Tech
• Essintial
• Optanix
• Microland
• Microland
• Hughes
• Trustwave
• BAE Systems
• Alert Logic
• Secureworks
• Deloitte
• BT
• Capgemini
• Cognizant
• Wipro
• CenturyLink
• Nokia Networks
• Huawei
• Happiest Minds
• NTT Data
• GTT Communications
• Ericssion
• HCL
• Infosys
• Dimension Data
• Verizon
• AT&T
• Rackspace
• TCS
• DXC
• Cisco
• Atos
• Accenture
• Fujitsu
• IBM

The global managed services market is segmented as follows:

By Enterprise

• Large
• Small
• Medium

By Deployment

• Hosted
• On-Premise

By Management Information Services

• Project & Portfolio Management
• Business Support
• Business Process Outsourcing
• Others

By Solution

• Managed Information
• Managed Backup & Recovery
• Managed Security
• Managed Communication
• Managed Infrastructure
• Managed Mobility
• Managed Work
• Managed Data Center
• Others

By End User

• Retail
• Media & Entertainment
• Manufacturing
• IT & Telecom
• Healthcare
• Government
• Financial Services
• Others

Global Managed Services Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.