APAC Managed Services Market Size, Trends & Growth Opportunity, By Type (Managed Data Centre, Managed Security, Managed Communication, Managed Network, Managed Infrastructure, and Managed Mobility), By Deployment (Hosted or Cloud Based, and On-Premise), B

APAC Managed Services Market Size, Trends & Growth Opportunity, By Type (Managed Data Centre, Managed Security, Managed Communication, Managed Network, Managed Infrastructure, and Managed Mobility), By Deployment (Hosted or Cloud Based, and On-Premise), By Organization Size (Small and Medium Size Enterprises, and Large Enterprises), By Vertical (BFSI, Healthcare, Manufacturing, Retail, Telecom & IT, Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.

APAC Managed Services Market

APAC Managed Services Market was valued at USD 78.12 billion in 2021 and is expected to reach USD 92.32billion by 2027, at a CAGR 2.52% from 2022-2027.

Managed services are the practice of outsourcing the responsibility for anticipating and maintaining need for, a range of processes and functions, ostensibly for the purpose of improved operations and decreased budgetary expenditures through the reduction of directly-employed staff.

Managed services include infrastructure management and applications to provide connectivity, network monitoring, virtualization, security, and disaster recovery. Additionally, it may also include storage, desktop and communications, mobility, help desk, and technical support.

Market Drivers

Increasing adoption of managed services in APAC region is key driving factor which is expected to propel the APAC managed services market growth. The increase advanced technologies in cloud-based and technological proliferations will have the positive impact on market growth.

Also, rising demand for outsourcing management functions from cloud and managed services providers will boost the market growth in forecast year 2027. Further, managed services are helpful in improvement of operational efficiency, reducing efficiency, and business focus on core competencies.

Market Restraints

Rising integration, regularity issues and reliability concerns of new advanced technology are challenging factors expected to obstruct the APAC managed services market growth. Also, growing pressure from statutory regulations across the globe is expected to hinder the market growth. Additionally, training, lack of sales and marketing staff, and cyber security will hamper the market growth.

Market Segmentation

APAC Managed Services Market is segmented into type, deployment, organization size, vertical, and region.

Based on vertical segment, the APAC Managed Services Market is segmented into BFSI, Healthcare, Manufacturing, Retail, Telecom & IT, and Others.

Regional Analysis

The APAC Managed Services Market is categorized into various countries such as China, Japan, India, Taiwan, Thailand, South Korea, Indonesia, Singapore, Philippines, Vietnam, Hong Kong, Malaysia, Australia, and New Zealand.

The Chinese market dominates the Asia Pacific Managed Services Market by Country in 2021, and is expected to continue to be a dominant market till 2027. As a rising number of organizations develop formal strategies to assist their efforts, digital transformation has become a key priority in the region and is moving at a fast rate.

Key Players

Various key players are discussed in this report such as IBM Corporation, HP, Dell SecureWorks, Symantec Corp., Cisco Systems, Inc., Computer Science Corp., Fortinet, Inc., AT&T, BT Group, Verizon Communications, Inc., and Others.

Market Taxonomy

By Type

• Managed Data Centre
• Managed Security
• Managed Communication
• Managed Network
• Managed Infrastructure
• Managed Mobility