Managed Services Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Managed Services Market size is expected to record over 11% CAGR between 2024 and 2032, fueled by a surge in launches and escalating data management demands.
To boost operational efficiency and provide superior support, companies are adopting advanced solutions tailored for intricate data environments. Responding to the rising need for secure, scalable, and dependable data management, managed services offer continuous monitoring, optimization, and dedicated support. To cite an example, in February 2024, Hitachi Vantara and Cisco unveiled their hybrid cloud-managed services, aiming to deliver integrated solutions for enhanced efficiency, security, and scalability in hybrid cloud management.
The managed services industry is segmented based on services, organization size, deployment model, industry vertical, and region.
The market share from the SMEs organization size segment is expected to witness substantial growth through 2032, driven by the increasing adoption of managed services to streamline operations, bolster IT support, and boost overall efficiency. These services cater to SMEs with scalable solutions tailored to their unique needs, encompassing data management, cybersecurity, and network monitoring. Furthermore, with the integration of advanced technologies like AI and automation, managed services empower SMEs to uphold a competitive edge while adeptly managing their IT infrastructure and resources.
In terms of industry vertical, the managed services market value from the healthcare segment is slated to generate notable revenue during 2024-2032, primarily due to its escalating demand for robust IT support and adept data management. By adopting managed services, healthcare providers aim to streamline their operations and ensure regulatory compliance. These services play a pivotal role in managing electronic health records (EHRs), telemedicine platforms, and patient data, ultimately enhancing service delivery and operational efficiency.
Europe managed services industry size is likely to record a notable growth rate through 2032 driven by increasing regulatory compliance requirements. Organizations are turning to managed services to adeptly navigate intricate regulations and comply with data protection laws like GDPR. These services offer vital assistance in compliance management, encompassing risk assessments, data security, and reporting. Furthermore, with advancements in the field, there is a push towards integrating sophisticated compliance solutions, such as automated monitoring and real-time reporting tools to ensure efficient and effective compliance for regional organizations.
- Chapter 1 Methodology and Scope
- 1.1 Market scope and definition
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 IT solutions provider
- 3.2.2 Managed service provider
- 3.2.3 System integrators
- 3.2.4 Cloud service providers (CSPs)
- 3.2.5 End-users
- 3.3 Profit margin analysis
- 3.4 Technology and innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising adoption of cloud computing services
- 3.8.1.2 Surging need for enhanced network connectivity
- 3.8.1.3 Growing demand to reduce administration and maintenance cost
- 3.8.1.4 Rising government expenditure on ICT sector
- 3.8.2 Industry pitfalls and challenges
- 3.8.2.1 Increasing complexity and frequency of cyber threats
- 3.8.2.2 Limitations in IT security specialists
- 3.9 Growth potential analysis
- 3.10 Porter’s analysis
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share
- 4.2 Competitive analysis of major market players
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates and Forecast, By Services, 2021-2032 ($Bn)
- 5.1 Key trends
- 5.2 Cloud managed services
- 5.2.1 Cloud infrastructure management
- 5.2.2 Cloud security services
- 5.2.3 Cloud migration services
- 5.2.4 Others
- 5.3 Managed infrastructure
- 5.3.1 Data center management
- 5.3.2 Server management
- 5.3.3 Storage management
- 5.3.4 Others
- 5.4 Managed network
- 5.4.1 Network monitoring and maintenance
- 5.4.2 Network security management
- 5.4.3 Wireless network management
- 5.4.4 Others
- 5.5 Managed collaboration
- 5.5.1 Unified Communications as a Service
- 5.5.2 Collaboration tools management
- 5.5.3 Email and calendar management
- 5.5.4 Others
- 5.6 Managed security
- 5.6.1 Identity and access management (IAM)
- 5.6.2 Security information and event management (SIEM)
- 5.6.3 Threat detection and response
- 5.6.4 Others
- 5.7 Managed mobility
- 5.7.1 Mobile Device Management (MDM)
- 5.7.2 Mobile Application Management (MAM)
- 5.7.3 Others
- 5.8 Managed backup and recovery
- 5.8.1 Data backup services
- 5.8.2 Disaster recovery planning and management
- 5.8.3 Data restoration services
- 5.8.4 Others
- Chapter 6 Market Estimates and Forecast, By Organization Size, 2021-2032 ($Bn)
- 6.1 Key trends
- 6.2 Large enterprises
- 6.3 SMEs
- Chapter 7 Market Estimates and Forecast, By Deployment Model, 2021-2032 ($Bn)
- 7.1 Key trends
- 7.2 On-premises
- 7.3 Cloud
- Chapter 8 Market Estimates and Forecast, By Industry Vertical, 2021-2032 ($Bn)
- 8.1 Key trends
- 8.2 IT and telecom
- 8.3 BFSI
- 8.4 Healthcare
- 8.5 Government
- 8.6 Retail
- 8.7 Energy and utility
- .8.8. Others
- Chapter 9 Market Estimates and Forecast, By Region, 2021-2032 ($Bn)
- 9.1 Key trends, by region
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Colombia
- 9.5.5 Rest of Latin America
- 9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Israel
- 9.6.5 Rest of MEA
- Chapter 10 Company Profiles
- 10.1 Accenture plc
- 10.2 AT and T Inc
- 10.3 ATOS SE
- 10.4 Centurylink, Inc. (Lumen Technologies)
- 10.5 Cisco Systems, Inc.
- 10.6 Cloudreach
- 10.7 Cognizant
- 10.8 Deloitte Touche Tomatsu Limited
- 10.9 DXC Technology
- 10.10 Fujitsu Limited
- 10.11 HCL Technologies Limited
- 10.12 Hewlett Packard Enterprise (HPE)
- 10.13 Huawei Technologies Co., Ltd.
- 10.14 IBM Corporation
- 10.15 Infosys Limited
- 10.16 Nokia Networks
- 10.17 NTT Data Corporation
- 10.18 Rackspace Technology, Inc.
- 10.19 TCS Limited
- 10.20 Tech Mahindra Limited
- 10.21 Telefonaktiebolaget LM Ericsson
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