Global Managed Services Software Market Growth (Status and Outlook) 2023-2029

Global Managed Services Software Market Growth (Status and Outlook) 2023-2029

Managed Services Software market size is expected to grow from USD 180.5 billion in 2018 to USD 282.0 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period. organizations are undergoing a high level of business transformation to streamline their business processes. Today, every organization rely on their computer systems and want IT departments to function at their finest level. Organizations are in strong need of highly scalable and robust hardware and software with which they can attain operational excellence. To fulfill these needs, organizations are adopting managed services to reduce their operational burdens, improve service levels and proactively monitor IT resources to eliminate the chances of service downtime.

LPI (LP Information)' newest research report, the “Managed Services Software Industry Forecast” looks at past sales and reviews total world Managed Services Software sales in 2022, providing a comprehensive analysis by region and market sector of projected Managed Services Software sales for 2023 through 2029. With Managed Services Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Managed Services Software industry.

This Insight Report provides a comprehensive analysis of the global Managed Services Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Managed Services Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Managed Services Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Managed Services Software and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Managed Services Software.

The global Managed Services Software market size is projected to grow from US$ 239290 million in 2022 to US$ 388500 million in 2029; it is expected to grow at a CAGR of 7.2% from 2023 to 2029.

United States market for Managed Services Software is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Managed Services Software is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Managed Services Software is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Managed Services Software players cover IBM, Huawei, Cisco, Unisys, DXC Technology, Tata Consultancy Services, Wipro, Atos and Ericsson, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Managed Services Software market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Managed Security Services
Managed Network Services
Managed IT Infrastructure
Data Center Services

Segmentation by application
Telecom and IT
BFSI
Retail
Media and Entertainment
Education
Healthcare
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
Huawei
Cisco
Unisys
DXC Technology
Tata Consultancy Services
Wipro
Atos
Ericsson
Accenture
Nokia Networks
Dimension Data
Fujitsu
HCL Technologies

Please note: The report will take approximately 2 business days to prepare and deliver.