The managed services market refers to the industry that provides IT services and support to businesses and organizations. Managed services involve the outsourcing of IT operations and responsibilities to a third-party service provider who takes on the responsibility of managing and maintaining the organization’s IT infrastructure and applications. The managed services market is driven by the increasing adoption of cloud-based services and the need for businesses to reduce IT costs while maintaining the reliability and security of their systems. Managed services provide businesses with a range of benefits, including increased efficiency, reduced downtime, and improved security.
The market is segmented by service type, organization size, and vertical. The different types of managed services include network management, application management, security management, and data center management. The organization size segment includes small and medium-sized enterprises (SMEs) and large enterprises. The vertical segment includes healthcare, retail, BFSI, IT and telecommunication, and others.
North America is expected to dominate the managed services market due to the presence of major IT companies and the increasing adoption of cloud-based services in the region. However, the Asia-Pacific region is expected to grow at a faster rate due to the increasing demand for managed services and the growing adoption of cloud-based services in emerging economies.
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Key findings of the Managed Services market study:
- The report provides a present market outlook on Managed Services. Additionally, the Managed Services market share is anticipated to grow with a CAGR of 7.4% in the forecast period.
- Regional breakdown of the Managed Services market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Managed Services vendors in detail.
- Region-wise and country-wise fragmentation of the Managed Services market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Managed Services market.
- Managed Services price, market share, and Trends forecast for assessment period 2022-2032
Key Segments Covered in the Managed Services Market Study
· by Service Type :
-
- Managed Security Services
- Managed Identity and Access Management (IAM)
- Managed Antivirus/Antimalware
- Managed Firewall
- Managed Risk and Compliance Management
- Managed Vulnerability Management
- Managed Security Information and Event Management (SIEM)
- Managed Intrusion Detection System (IDS)/ Intrusion Prevention System (IPS)
- Managed Unified Threat Management (UTM)
- Managed Encryption
- Others (Distributed Denial of Service (DDoS) Mitigation and Managed Data Loss Prevention (DLP))
- Managed Network Services
- Managed Local Area Network
- Managed Wireless Fidelity
- Managed Virtual Private Network
- Managed Wide Area Network
- Network Monitoring
- Managed Network Security
- Managed Data Centre and IT infrastructure services
- Storage Management
- Server Management
- Managed Print Services
- Others (Application and Middleware Management, and Database Management)
- Managed Communication and Collaboration Services
- Managed Voice over Internet Protocol (VoIP)
- Managed Unified Communications as a Service (UCaaS)
- Others (Managed Email Services)
- Managed Mobility Services
- Device Life Cycle Management
- Application Management
- Managed Information Services
- Business Process Management
- Managed Operational Support System/Business Support System
- Managed Security Services
· by Deployment Type :
-
- Cloud Managed Services
- On-premises Managed Services
· by Organisation Size :
-
- Managed Services for SMEs
- Managed Services for Large Enterprises
· by Vertical :
-
- BFSI
- IT and Telecom
- Retail and Consumer Goods
- Manufacturing
- Government
- Healthcare and Life Sciences
- Energy and Utilities
- Media and Entertainment
- Other Verticals
· by Region :
-
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape
The Managed Services industry is dominated by some prominent players including
- IBM
- FUJITSU
- ACCENTURE
- ATOS
- CISCO
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Managed Services market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Managed Services brands leading to an impact on the margin profits of firms.
Report Benefits & Key Questions Answered
- Managed Services Company & brand share analysis: Company and brand share analysis on Managed Services reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Managed Services Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Managed Services
- Managed Services Category & segment level analysis: Fact.MR’s Managed Services sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Managed Services Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Managed Services: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
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