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-Sized Enterprises, and Large Enterprises), By Vertical (BFSI, Healthcare, Manufacturing, Retail, Telecom & IT, Others), Regional Outlook, Competitive Market Share, & Forecast till 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 of 15.25% from 2022–2027.

Managed services are the practise of outsourcing the responsibility for maintaining & anticipating the need for a range of processes and functions, ostensibly for the purpose of improving operations and reducing budgetary expenditures through the reduction of directly employed staff. In simple terms, a Managed Service is designed to handle the daily operations of your specialised 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 a positive impact on the market growth. The IoT solutions are connected to managed services, embedded software, hardware devices, and communication services and provide a 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 market growth in the forecast period.

Market Restraints

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

Market Segmentation

The European Managed Services Market is segmented into type, deployment, organisation 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, the 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 sluggish growth during 2022–2027.

Key Players

Various key players are discussed in 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

Market Taxonomy

By Type

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

• Hosted or cloud-based
• On-Premise
• By Organization Size
• Small and Medium Sized Enterprises
• Large Enterprises

• Small and Medium Sized Enterprises
• Large Enterprises

• BFSI
• Healthcare
• Manufacturing
• Retail
• Telecom & IT
• Others

• Germany
• UK
• France
• Turkey
• Switzerland
• Norway
• Sweden
• Spain
• Italy
• Denmark
• Finland
• Iceland
• Poland
• Luxembourg
• Netherlands
• Belgium