United States Managed Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The US managed services market is expected to register a CAGR of 10.20% over the forecast period. Managed services allow businesses to focus more on their core competencies while improving operational efficiency and cutting operating costs. Managed services give optimal resource allocation and utilization, which improves overall profitability and operational efficiency. Much of the scalable infrastructure and managed services models make it easier for organizations to adopt new technologies. These variables are expected to fuel market expansion over the forecast period.
Key HighlightsThe US Managed services market is dominated by major players, such as IBM Corporation, Cisco Systems, and Microsoft Corporation, among other companies, which have a strong client base in the market. These players are constantly providing increased and enhanced offerings. In order to sustain in the market and retain their clients, companies are employing powerful competitive strategies, thereby intensifying competitive rivalry in the market.
In September 2022, Fujitsu Limited announced a major overhaul to its modernization services portfolio, radically reinventing its approach to enabling clients' existing information systems to accomplish digital transformation (DX). Fujitsu will collaborate with customers to view their current assets, such as business processes, data, applications, and IT infrastructure, to develop the right DX platform while advising on system simplification and modernization.
In June 2022, with the newly managed cloud-delivered security solutions, AT&T and Check Point Software enabled businesses to support remote work. As workforces become increasingly decentralized, AT&T wants to assist companies in becoming more agile. With a set of managed cloud-delivered solutions that provide end-to-end security for all users regardless of where the "office" is, AT&T Secure Workforce with Check Point is intended to assist enterprises of any size in strengthening their defenses.
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