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Global Managed Services Market Size, Share & Trends Analysis Report By End-user, By Region, and Segment Forecasts, 2023 - 2030

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from $4,650 200 Pages Factview Research August, 2024 FAVR19099891
Best Price Guarantee
Price from $4,650
Length 200 Pages
Publisher Factview Research
Published Date August, 2024
SKU FAVR19099891

Global Managed Services Market Size, Share & Trends Analysis Report By End-user, By Region, and Segment Forecasts, 2023 - 2030



Global Managed Services Market Size, Share & Trends Analysis Report By End-user, By Region, and Segment Forecasts, 2023 – 2030

The global Managed Services market is estimated to grow from USD XX million in 2022 and reach to more than USD XX million by 2030, growing at a CAGR of XX%.

Due to its impact on both our personal and professional lives, cyber security has emerged as one of the most important issues for businesses and consumers. Since the first cyberattack, known as the ""Morris worm,"" was first reported in 1998, cyberattacks have not only increased in number but also in sophistication, costing businesses and individuals a significant amount of money and harm to their reputations. One of the most important factors now for each organisation, regardless of industry, as well as their workforce, is managed services. The emergence of the internet coincided with the growth of managed services, which are now somewhat synonymous with any firm in which at least a portion is run by a third-party supplier.

The demand for these services will increase the adoption of managed services as businesses look for a managed services vendor to manage these services and also ensure that the new solutions can fit into the legacy infrastructure. Businesses are looking to increase their operational efficiency by adopting digital technologies like AI/ML, ChatGPT, edge computing, IoT, and others.

The World Economic Forum estimates that the cumulative impact of digital technology on industry and society will exceed USD 100 trillion. This is important because it explains exactly how the global impact of digital transformation initiatives will be felt.

The COVID-19 epidemic was not well publicised, and businesses affected by it had little to no time to adapt their methods of operation. During the epidemic, businesses found themselves in a situation where managing remote workers and granting secure access to enterprise IT infrastructure became imperative. Since businesses already have the infrastructure in place to accommodate this demand, the trend of working from anywhere will continue after the pandemic. In light of this, the Covid-19 pandemic undoubtedly had a favourable effect on the managed services sector, as usage rose during the outbreak.

“Service category managed security services segment, by component, to be dominating market from 2023 to 2030.”

Over the next five years, managed security services will increase faster than other services.

The market for managed services is divided into categories: managed mobility services, managed security services, managed network services, managed data centre services, and managed communication and collaboration services. In these service categories, managed security services were predicted to hold the largest share at the moment, and over the next eight years, this trend is anticipated to continue.

“Cloud-based security solutions segment, by deployment type, to be dominating market from 2023 to 2030.”

There are two additional categories for the deployment type: on-premises and cloud. For the next five years, cloud-based security solutions will continue to lead the deployment type in terms of acceptance. The availability of mobile solutions, ease of network maintenance, and specialised cloud-based security providers are some of the elements propelling the growth of cloud computing.

“Healthcare and life sciences segment, by vertical, to be dominating market from 2023 to 2030.”

The study also included the pace at which managed services are being adopted by the following industry verticals: banking, insurance, healthcare and life sciences, government and defence, retail and consumer goods, information and technology, manufacturing, and energy. The vertical in healthcare and life sciences is anticipated to adopt technology at the fastest rate among these industries in the years to come.

“North America to be largest region in Managed Services Market.”

North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America are the five regions into which the cyber security market is divided in the research. North America leads the world in adoption, accounting for 35–38% of the global market in this region alone. One of the main things influencing the adoption of cyber security solutions is the regions' enormous presence of suppliers of such solutions, together with increased IT budgets across industries.

Asia Pacific is expected to be the fastest growing region. The nation has made digital transformation a primary priority, and it is progressing quickly as more businesses put official policies into place to aid in their efforts. China's State Council unveiled a plan in January 2021 to support the growth of the digital economy during the 14th Five-Year Plan (2021–2025). By 2025, digital public services will be more inclusive, the governance structure of the digital economy will clearly improve, and China's digital transformation of sectors will reach a new level.

By staying up to date with the latest technology, managed service providers in China concentrate on lowering security risks and optimising operations for the end users. By staying up to date with the latest technology, managed service providers in China concentrate on lowering security risks and optimising operations for the end users. The managed services sector is primarily served by the nation's telecom providers. To increase their market share, these businesses are also deliberately purchasing managed service providers.

Managed Services Competitive Landscape

The competitive landscape of the Managed Services Market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Managed Services technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The Managed Services Market is highly competitive, with numerous companies vying for market share. Prominent companies in the Managed Services Market include:

Major Players:

IBM

Palo Alto Networks

Cisco

Fujitsu

DXC Technology

Microsoft

NTT Data

Accenture

Atos

Wipro

Infosys

Capgemini

Cognizant

HCL Technologies

TCS

Tata Communication

Recent Developments:

EY and IBM Expand Alliance declared in May 2022 that they will use digital innovation and increased resilience to support businesses globally.In order to provide clients with comprehensive talent, HR, mobility, and payroll transformation services and help them overcome the pressing need to attract, retain, and upskill their workforce while transforming their HR function, EY and IBM have established a new Talent Centre of Excellence (COE). The COE will develop data-driven AI and hybrid cloud solutions.

KPMG India and Qualys announced a collaboration in January 2022 to incorporate Qualys solutions into KPMG's Managed Security offering. With the combination of Qualys' cutting-edge cybersecurity innovations and KPMG's industry-leading and internationally acclaimed cybersecurity services in India, businesses will be able to safeguard their network, apps, endpoints, and cloud workloads against security threats, maintain compliance, and provide visibility.

With plans to offer a wide range of its software catalogue as Software-as-a-Service (SaaS) on AWS, IBM announced a Strategic Collaboration Agreement (SCA) with Amazon Web Services Inc. (AWS) in May 2022. This agreement will assist customers in developing and implementing more sophisticated, secure, and contemporary workflows using IBM Software on AWS. Businesses can quickly start delivering business value by utilising a wide range of IBM Software catalogue offerings as cloud-native services on AWS.

Rackspace Technology and BT announced a partnership deal in January 2022 to transform cloud services for BT's worldwide customers. As per the deal, Rackspace Technology will provide the solutions for BT's hybrid cloud services, and the company will also install its Rackspace Fabric management layer in BT data centres.


1 Introduction
1.1 Objective Of The Report
1.2 Market Definition
1.3 Report Scope
1.3.1 In Scope
1.3.2 Out Of Scope
1.4 Currency Considered
1.5 Stakeholders
2 Research Methodology
2.1 Data Sources
2.1.1 Paid Data Bases
2.1.2 Secodnary Data Sources
2.2 Market Size Estimation
2.2.1 Top-down Approach
2.2.2 Bottom-up Approach
3 Executive Summary
4 Market Forces
4.1 Introduction
4.2 Drivers
4.2.1 Increasing Adoption Of Emerging Technologies Acrss Enterprises
4.3 Restraints
4.3.1 Security Concerns
4.4 Opportunities
4.4.1 Cyber Regulations
5 Managed Services Market, By Services Type
5.1 Introduction
5.2 Managed Security Services
5.3 Managed Network Services
5.4 Managed Data Center Services
5.5 Managed Communication And Collaboration Services
5.6 Managed Mobility Services
6 Managed Services Market, By Managed Security Services
6.1 Introduction
6.2 Managed Identity Access Management
6.3 Managed Ddos
6.4 Managed Antivirus/Antimalware
6.5 Manged Firewall
6.6 Managed Threat Prevention
6.7 Managed Siem
6.8 Managed Ids/Ips
6.9 Managed Disaster Recovery
6.10 Others
7 Managed Services Market, By Managed Network Service
7.1 Introduction
7.2 Managed Virtual Private Network
7.3 Managed Network Security
7.4 Managed Local Area Network
8 Managed Services Market, By Managed Data Center Services
8.1 Introduction
8.2 Managed Storage Services
8.3 Managed Hosting
8.4 Managed Colocation
8.5 Others
9 Managed Services Market, By Managed Communication And Collaboration Services
9.1 Introduction
9.2 Managed Unified Communication
9.3 Managed Voip
9.4 Others
10 Managed Services Market, By Managed Infrastructure Services
10.1 Introduction
10.2 Server Management
10.3 Storage Services Enterprises
10.4 Others
11 Managed Services Market, By Manged Mobility Services
11.1 Introduction
11.2 Device Lifecycle Management
11.3 Application Management
12 Managed Services Market, By Manged Organization Size
12.1 Introduction
12.2 Small And Medium Eneterprises
12.3 Large Enterprises
13 Managed Services Market, By Deployment Type
13.1 Introduction
13.2 Cloud
13.3 On Premises
14 Managed Services Market, By Vertical
14.1 Introduction
14.2 Banking Financial Services And Insurance
14.3 Healthcare And Lifesciences
14.4 Government And Defense
14.5 Consumer Goods And Retail
14.6 Information Technology
14.7 Manufacturing Control
14.8 Energy
14.9 Telecom
14.10 Others
15 North America Managed Services Market, By Segment
15.1 Introduction
15.2 By Managed Security Services
15.2.1 Managed Identity Access Management
15.2.2 Managed Ddos
15.2.3 Managed Antivirus/Antimalware
15.2.4 Managed Firewall
15.2.5 Managed Threat Prevention
15.2.6 Managed Siem
15.2.7 Managed Ids/Ips
15.2.8 Managed Disaster Recovery
15.2.9 Others
15.3 By Managed Network Services
15.3.1 Managed Virtual Private Network
15.3.2 Managed Network Security
15.3.3 Managed Local Area Network
15.4 By Managed Data Center Services
15.4.1 Managed Storage Services
15.4.2 Managed Hosting
15.4.3 Managed Colocation
15.4.4 Others
15.5 By Managed Communication And Collaboration Services
15.5.1 Managed Unified Communication
15.5.2 Managed Voip
15.5.3 Others
15.6 By Managed Infrastructure Services
15.6.1 Server Management
15.6.2 Storage Management
15.6.3 Others
15.7 By Manged Mobility Services
15.7.1 Device Lifecycle Management
15.7.2 Application Management
15.8 By Deployment Type
15.8.1 Cloud
15.8.2 On Premises
15.9 By Vertical
15.9.1 Banking Financial Services And Insurance
15.9.2 Healthcare And Lifesciences
15.9.3 Government And Defense
15.9.4 Consumer Goods And Retail
15.9.5 Manufacturing
15.9.6 Energy
15.9.7 Telecom
15.9.8 Others
15.10 By Country
15.10.1 Us
15.10.2 Canada
16 Europe Managed Services Market, By Segment
16.1 Introduction
16.2 By Managed Security Services
16.2.1 Managed Identity Access Management
16.2.2 Managed Ddos
16.2.3 Managed Antivirus/Antimalware
16.2.4 Managed Firewall
16.2.5 Managed Threat Prevention
16.2.6 Managed Siem
16.2.7 Managed Ids/Ips
16.2.8 Managed Disaster Recovery
16.2.9 Others
16.3 By Managed Network Services
16.3.1 Managed Virtual Private Network
16.3.2 Managed Network Security
16.3.3 Managed Local Area Network
16.4 By Managed Data Center Services
16.4.1 Managed Storage Services
16.4.2 Managed Hosting
16.4.3 Managed Colocation
16.4.4 Others
16.5 By Managed Communication And Collaboration Services
16.5.1 Managed Unified Communication
16.5.2 Managed Voip
16.5.3 Others
16.6 By Managed Infrastructure Services
16.6.1 Server Management
16.6.2 Storage Management
16.6.3 Others
16.7 By Manged Mobility Services
16.7.1 Device Lifecycle Management
16.7.2 Application Management
16.8 By Deployment Type
16.8.1 Cloud
16.8.2 On Premises
16.9 By Vertical
16.9.1 Banking Financial Services And Insurance
16.9.2 Healthcare And Lifesciences
16.9.3 Government And Defense
16.9.4 Consumer Goods And Retail
16.9.5 Manufacturing
16.9.6 Energy
16.9.7 Telecom
16.9.8 Others
16.10 By Country
16.10.1 Uk
16.10.2 Germany
16.10.3 France
16.10.4 Italy
16.10.5 Spain
16.10.6 Rest Of Europe
17 Asia Pacific Managed Services Market, By Segment
17.1 Introduction
17.2 By Managed Security Services
17.2.1 Managed Identity Access Management
17.2.2 Managed Ddos
17.2.3 Managed Antivirus/Antimalware
17.2.4 Managed Firewall
17.2.5 Managed Threat Prevention
17.2.6 Managed Siem
17.2.7 Managed Ids/Ips
17.2.8 Managed Disaster Recovery
17.2.9 Others
17.3 By Managed Network Services
17.3.1 Managed Virtual Private Network
17.3.2 Managed Network Security
17.3.3 Managed Local Area Network
17.4 By Managed Data Center Services
17.4.1 Managed Storage Services
17.4.2 Managed Hosting
17.4.3 Managed Colocation
17.4.4 Others
17.5 By Managed Communication And Collaboration Services
17.5.1 Managed Unified Communication
17.5.2 Managed Voip
17.5.3 Others
17.6 By Managed Infrastructure Services
17.6.1 Server Management
17.6.2 Storage Management
17.6.3 Others
17.7 By Manged Mobility Services
17.7.1 Device Lifecycle Management
17.7.2 Application Management
17.8 By Deployment Type
17.8.1 Cloud
17.8.2 On Premises
17.9 By Vertical
17.9.1 Banking Financial Services And Insurance
17.9.2 Healthcare And Lifesciences
17.9.3 Government And Defense
17.9.4 Consumer Goods And Retail
17.9.5 Manufacturing
17.9.6 Energy
17.9.7 Telecom
17.9.8 Others
17.10 By Country
17.10.1 India
17.10.2 China
17.10.3 Japan
17.10.4 Singapore
17.10.5 Rest Of Asia Pacific
18 Middle East And Africa Managed Services Market, By Segment
18.1 Introduction
18.2 By Managed Security Services
18.2.1 Managed Identity Access Management
18.2.2 Managed Ddos
18.2.3 Managed Antivirus/Antimalware
18.2.4 Managed Firewall
18.2.5 Managed Threat Prevention
18.2.6 Managed Siem
18.2.7 Managed Ids/Ips
18.2.8 Managed Disaster Recovery
18.2.9 Others
18.3 By Managed Network Services
18.3.1 Managed Virtual Private Network
18.3.2 Managed Network Security
18.3.3 Managed Local Area Network
18.4 By Managed Data Center Services
18.4.1 Managed Storage Services
18.4.2 Managed Hosting
18.4.3 Managed Colocation
18.4.4 Others
18.5 By Managed Communication And Collaboration Services
18.5.1 Managed Unified Communication
18.5.2 Managed Voip
18.5.3 Others
18.6 By Managed Infrastructure Services
18.6.1 Server Management
18.6.2 Storage Management
18.6.3 Others
18.7 By Manged Mobility Services
18.7.1 Device Lifecycle Management
18.7.2 Application Management
18.8 By Deployment Type
18.8.1 Cloud
18.8.2 On Premises
18.9 By Vertical
18.9.1 Banking Financial Services And Insurance
18.9.2 Healthcare And Lifesciences
18.9.3 Government And Defense
18.9.4 Consumer Goods And Retail
18.9.5 Manufacturing
18.9.6 Energy
18.9.7 Telecom
18.9.8 Others
18.8 By Country
18.8.1 Ksa
18.8.2 Turkey
18.8.3 South Africa
18.8.4 Israel
18.8.5 Rest Of Mea
19 Latin America Managed Services Market, By Segment
19.1 Introduction
15.2 By Managed Security Services
19.2.1 Managed Identity Access Management
19.2.2 Managed Ddos
19.2.3 Managed Antivirus/Antimalware
19.2.4 Managed Firewall
19.2.5 Managed Threat Prevention
19.2.6 Managed Siem
19.2.7 Managed Ids/Ips
19.2.8 Managed Disaster Recovery
19.2.9 Others
19.3 By Managed Network Services
19.3.1 Managed Virtual Private Network
19.3.2 Managed Network Security
19.3.3 Managed Local Area Network
19.4 By Managed Data Center Services
19.4.1 Managed Storage Services
19.4.2 Managed Hosting
19.4.3 Managed Colocation
19.4.4 Others
19.5 By Managed Communication And Collaboration Services
19.5.1 Managed Unified Communication
19.5.2 Managed Voip
19.5.3 Others
19.6 By Managed Infrastructure Services
19.6.1 Server Management
19.6.2 Storage Management
19.6.3 Others
19.7 By Manged Mobility Services
19.7.1 Device Lifecycle Management
19.7.2 Application Management
19.8 By Deployment Type
19.8.1 Cloud
19.8.2 On Premises
19.9 By Vertical
19.9.1 Banking Financial Services And Insurance
19.9.2 Healthcare And Lifesciences
19.9.3 Government And Defense
19.9.4 Consumer Goods And Retail
19.9.5 Manufacturing
19.9.6 Energy
19.9.7 Telecom
19.9.8 Others
19.8 By Country
19.8.1 Mexico
19.8.2 Brazil
19.8.3 Rest Of Mea Latin America
20 Company Landscape
20.1 Vendor Strategy
20.1.1 Partnerships, Agreements, And Collaborations
20.1.2 Expanisons And Product Innovations
20.1.3 Market Share Analysis
20.1.4 Partnerships, Agreements, And Collaborations
20.1.5 Company Analysis Quadrant
21 Company Profiles
21.1 Ibm
21.1.1 Company Overview
21.1.2 Solutions And Services Description
21.1.3 Recent Developments
21.1.4 Analyst View
21.2 Palo Alto Networks
21.2.1 Company Overview
21.2.2 Solutions And Services Description
21.2.3 Recent Developments
21.2.4 Analyst View
21.3 Fujitsu
21.3.1 Company Overview
21.3.2 Solutions And Services Description
21.3.3 Recent Developments
21.3.4 Analyst View
21.4 Dxc Technology
21.4.1 Company Overview
21.4.2 Solutions And Services Description
21.4.3 Recent Developments
21.4.4 Analyst View
21.5 Microsoft
21.5.1 Company Overview
21.5.2 Solutions And Services Description
21.5.3 Recent Developments
21.5.4 Analyst View
21.6 Ntt Data
21.6.1 Company Overview
21.6.2 Solutions And Services Description
21.6.3 Recent Developments
21.6.4 Analyst View
21.7 Accenture
21.7.1 Company Overview
21.7.2 Solutions And Services Description
21.7.3 Recent Developments
21.7.4 Analyst View
21.8 Atos
21.8.1 Company Overview
21.8.2 Solutions And Services Description
21.8.3 Recent Developments
21.8.4 Analyst View
21.9 Wipro
21.9.1 Company Overview
21.9.2 Solutions And Services Description
21.9.3 Recent Developments
21.9.4 Analyst View
21.10 Infosys
21.10.1 Company Overview
21.10.2 Solutions And Services Description
21.10.3 Recent Developments
21.10.4 Analyst View
21.11 Other Major Vendors
21.11.1 Capgemini
21.11.2 Cognizant
21.11.3 Hcl Technologies
21.11.4 Tcs
21.11.5 Tata Communication

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