The United States Managed Services Market size is expected to grow from USD 54.44 billion in 2023 to USD 88.48 billion by 2028, at a CAGR of 10.20% during the forecast period (2023-2028).
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.
The 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 July 2023, Netskope, a significant provider of Secure Access Service Edge (SASE), declared a new partnership with Wipro Limited to provide robust cloud-native Managed Secure Access Service Edge (SASE) and Managed Zero Trust Network Access (ZTNA) services to Wipro's extensive global enterprise client portfolio.
In November 2022, NTT DATA, a digital business and IT service provider, was named a Microsoft Azure Expert Managed Services Provider (MSP) partner for the fourth year. Microsoft recognizes Azure Expert MSPs as trusted consultants that provide repeatable, highly automated solutions to enable and sustain hyper-scale cloud projects. This premium program delivers Microsoft's assistance to the most proficient Azure MSPs to accelerate customer success and growth.
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