EUROPE 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),

EUROPE 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.

Europe Managed Services Market

Europe Managed Services Market was valued at USD billion in 2021 and is expected to reach USD billion by 2027, at a CAGR 15.25% from 2022-2027.

Managed services are the practice of outsourcing the responsibility for maintaining & anticipating need for, a range of processes and functions, ostensibly for the purpose of improved operations and lower budgetary expenditures through the reduction of directly-employed staff. In simple terms, a Managed Service is designed to handle the daily operations of your specialized applications.

Market Drivers

Rising technological advancements and adoption of cloud-based platforms is expected to boost the Europe managed services market growth. An increasing shift to hybrid IT shall have positive impact on the market growth. The IoT solutions are connect to managed services, embedded software, hardware devices, and communication services and provide smart communication environment like smart transportation, smart healthcare, and smart homes. Also, growing adoption of new technologies such as cloud computing, big data analytics, and mobility as a service will drive the market growth in forecast period.

Market Restraints

Increasing, regularity issues, integration, and reliability concerns of new technology are challenging factors that are expected to obstruct the market growth. Furthermore, rising pressure from statutory regulations across the globe is expected to hinder the market growth. Lack of knowledgeable staff, training, and cyber security will hamper the market growth.

Market Segmentation

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

Based on Enterprise Size, the European Managed Services market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs).

Regional Analysis

The European Managed Services Market is segmented into various countries such as Germany, UK, France, Turkey, Switzerland, Norway, Sweden, Spain, Italy, Denmark, Finland, Iceland, Poland, Luxembourg, Netherlands, and Belgium.

Germany dominated the European Managed Services Market by Country in 2021, and is expected to continue to be a dominant market till 2027. The UK market is poised to grow at an increasing CAGR rate during 2022 - 2027. Additionally, the France market is expected to experience a sluggish growth during 2022 - 2027.

Key Players

Various key players are discussed into the Europe Managed Services Market Report including: Fujitsu Ltd, Cisco Systems Inc., IBM Corporation, AT&T Inc., HP Development Company LP, Microsoft Corporation, Verizon Communications Inc., Dell Technologies Inc., Deutsche Telekom AG, DXC Technology Company, and Others.

In March 2022, Vodafone had partnered with Accenture to provide managed security services to small and medium-sized enterprises in Germany. The security service will offer companies comprehensive & managed protection against IT threats with the help of firewall deployment, management, and operation.

Market Taxonomy

By Type

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