Product Code: GVR-3-68038-815-2
Managed Services Market Growth & Trends:
The global managed services market size is expected to reach USD 731.08 billion by 2030, according to a new study conducted by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.6% from 2023 to 2030. Strengthening profit margins, which cater efficiently to the needs of dynamic business environments, and improvements in operational efficiency are also expected to contribute to the growth of the managed services market. Benefits associated with managed services implementation, such as a significant reduction in IT operational expenses and increased organizational efficiency, are also anticipated to drive the market.
Managed services help reduce recurring in-house IT expenditures by ensuring that their IT infrastructure is running at optimal efficiency at all times while also automating business operations. This subsequently allows organizations to effectively achieve their business objectives, especially pertaining to strengthening the bottom line and increasing profitability. Initiatives being pursued aggressively by various governments toward digital transformation focusing on modernizing their IT infrastructure, strengthening governance, and improving citizen services are anticipated to drive the demand for managed services over the forecast period.
For instance, in April 2022, USAID (United States Agency for International Development) launched a digital transformation initiative for 200 micro, small, and medium-sized enterprises (MSMEs) in agribusiness, manufacturing, and metalworking. USAID's Economic Competitiveness Project supports MSMEs through technological, digital, and e-commerce tools across several sectors. Digitalization offers new marketing opportunities to companies and improves the business environment, which leads to higher profits and more employment for Salvadorans.
Several businesses faced challenges because of the COVID-19 pandemic, and Managed Services Providers (MSPs) are no exception. Organizations across the globe opted for managed services to ensure operational efficiency amid lockdowns being implemented across various nations to halt the spread of coronavirus, organizational spending on new automation initiatives gradually slowed down.
Managed Services Market Report Highlights:
- The managed security segment is expected to register the highest CAGR over the forecast period owing to the adoption of managed security services in end-use industries due to various benefits such as security monitoring & management, email threat management, restoral management & backups, and support and maintenance management
- The business support systems segment is anticipated to register the highest CAGR from 2023 to 2030. The increasing adoption of business support system services such as business analysis, database integration, demand management service, and project management in end-use industries is anticipated to propel the growth of the business support systems segment over the forecast period
- The on-premise segment dominated the market in 2022. Numerous organizations have adopted the on-premise mode of deployment as it does not require an internet connection and allows easy customization of software to suit the business process requirements of clients
- The Small & Medium Enterprises (SMEs) segment is anticipated to register a significant growth rate from 2023 to 2030. Increasing government initiatives through various digital SME campaigns across the globe is expected to drive the growth of the small & medium enterprises segment over the forecast period
- The healthcare segment is anticipated to emerge as the fastest-growing segment over the forecast period. Several healthcare organizations are opting for managed services to protect patient data and secure monetary transactions, thereby contributing to the segment's growth
- North America accounted for the largest market share in terms of revenue in 2022. The rising number of Multinational Companies (MNCs) in North America bodes well for the regional market's growth
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Managed Services Market - Industry Snapshot & Key Buying Criteria, 2018 - 2030
- 2.2 Global Managed Services Market, 2018 - 2030 (USD Billion)
- 2.2.1 Global managed services market, by region, 2018 - 2030
- 2.2.2 Global managed services market, by solution, 2018 - 2030
- 2.2.3 Global managed services market, by Managed Information Service (MIS), 2018 - 2030
- 2.2.4 Global managed services market, by deployment, 2018 - 2030
- 2.2.5 Global managed services market, by enterprise size, 2018 - 2030
- 2.2.6 Global managed services market, by end use, 2018 - 2030
Chapter 3 Managed Services Industry Outlook
- 3.1 Market Segmentation and Scope
- 3.2 Market Size & Growth Prospects
- 3.3 Managed Services Market - Value Chain Analysis
- 3.4 Managed Services- Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.1.1 Increasing dependence on IT operations and new applications to improve business productivity
- 3.4.1.2 Need for specialized MSPs to manage complex IT infrastructure and reduce IT staffing cost
- 3.4.2 Market restraint analysis
- 3.4.2.1 Increasing need for regulatory compliance across different regions
- 3.5 Industry Analysis
- 3.5.1 Managed Services Market - Porter's Five Forces Analysis
- 3.5.2 Managed Services Market - PESTEL Analysis
- 3.6 Managed Services Market - COVID-19 Impact Analysis
Chapter 4 Managed Services Solution Outlook
- 4.1 Managed Services Market Share By Solution, 2022
- 4.2 Managed Data Center
- 4.2.1 Managed data center services market, 2018 - 2030
- 4.3 Managed Network
- 4.3.1 Managed network services market, 2018 - 2030
- 4.4 Managed Mobility
- 4.4.1 Managed mobility services market, 2018 - 2030
- 4.5 Managed Infrastructure
- 4.5.1 Managed infrastructure services market, 2018 - 2030
- 4.6 Managed Backup and Recovery
- 4.6.1 Managed backup and recovery services market, h
- 4.7 Managed Communication
- 4.7.1 Managed communication services market, 2018 - 2030
- 4.8 Managed Information
- 4.8.1 Managed information services market, 2018 - 2030
- 4.9 Managed Security
- 4.9.1 Managed security services market, 2018 - 2030
Chapter 5 Managed Information Service (MIS) Outlook
- 5.1 Managed Services Market Share By Managed Information Service (MIS), 2022
- 5.2 Business Process Outsourcing (BPO)
- 5.2.1 Business Process Outsourcing (BPO) services market, 2018 - 2030
- 5.3 Business Support Systems
- 5.3.1 Business support systems services market, 2018 - 2030
- 5.4 Project & Portfolio Management
- 5.4.1 Project & portfolio management services market, 2018 - 2030
- 5.5 Others
- 5.5.1 Other Managed Information Services (MIS) market, 2018 - 2030
Chapter 6 Managed Services Deployment Outlook
- 6.1 Managed Services Market Share By Deployment, 2022
- 6.2 Hosted
- 6.2.1 Hosted managed services market, 2018 - 2030
- 6.3 On-premise
- 6.3.1 On-premise managed services market, 2018 - 2030
Chapter 7 Managed Services Enterprise Size Outlook
- 7.1 Managed Services Market Share By Enterprise Size, 2022
- 7.2 Large Enterprises
- 7.2.1 Managed services market for large enterprises, 2018 - 2030
- 7.3 Small & Medium Enterprises (SMEs)
- 7.3.1 Managed services market for small & medium enterprises, 2018 - 2030
Chapter 8 Managed Services End-Use Outlook
- 8.1 Managed Services Market Share By End Use, 2022
- 8.2 Financial Services
- 8.2.1 Managed services market in financial services, 2018 - 2030
- 8.3 Government
- 8.3.1 Managed services market in government, 2018 - 2030
- 8.4 Healthcare
- 8.4.1 Managed services market in healthcare, 2018 - 2030
- 8.5 IT & Telecom
- 8.5.1 Managed services market in IT & telecom, 2018 - 2030
- 8.6 Manufacturing
- 8.6.1 Managed services market in manufacturing, 2018 - 2030
- 8.7 Media & Entertainment
- 8.7.1 Managed services market in media & entertainment, 2018 - 2030
- 8.8 Retail
- 8.8.1 Managed services market in retail, 2018 - 2030
- 8.9 Others
- 8.9.1 Managed services market in other end use, 2018 - 2030
Chapter 9 Managed Services Regional Outlook
- 9.1 Managed Services Market Share By Region, 2022
- 9.2 North America
- 9.2.1 North America managed services market, 2018 - 2030
- 9.2.2 North America managed services market, by solution, 2018 - 2030
- 9.2.3 North America managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.2.4 North America managed services market, by deployment, 2018 - 2030
- 9.2.5 North America managed services market, by enterprise size, 2018 - 2030
- 9.2.6 North America managed services market, by end use, 2018 - 2030
- 9.2.7 U.S.
- 9.2.7.1 U.S. managed services market, 2018 - 2030
- 9.2.7.2 U.S. managed services market, by solution, 2018 - 2030
- 9.2.7.3 U.S. managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.2.7.4 U.S. managed services market, by deployment, 2018 - 2030
- 9.2.7.5 U.S. managed services market, by enterprise size, 2018 - 2030
- 9.2.7.6 U.S. managed services market, by end use, 2018 - 2030
- 9.2.8 Canada
- 9.2.8.1 Canada managed services market, 2018 - 2030
- 9.2.8.2 Canada managed services market, by solution, 2018 - 2030
- 9.2.8.3 Canada managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.2.8.4 Canada managed services market, by deployment, 2018 - 2030
- 9.2.8.5 Canada managed services market, by enterprise size, 2018 - 2030
- 9.2.8.6 Canada managed services market, by end use, 2018 - 2030
- 9.3 Europe
- 9.3.1 Europe managed services market, 2018 - 2030
- 9.3.2 Europe managed services market, by solution, 2018 - 2030
- 9.3.3 Europe managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.3.4 Europe managed services market, by deployment, 2018 - 2030
- 9.3.5 Europe managed services market, by enterprise size, 2018 - 2030
- 9.3.6 Europe managed services market, by end use, 2018 - 2030
- 9.3.7 U.K.
- 9.3.7.1 U.K. managed services market, 2018 - 2030
- 9.3.7.2 U.K. managed services market, by solution, 2018 - 2030
- 9.3.7.3 U.K. managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.3.7.4 U.K. managed services market, by deployment, 2018 - 2030
- 9.3.7.5 U.K. managed services market, by enterprise size, 2018 - 2030
- 9.3.7.6 U.K. managed services market, by end use, 2018 - 2030
- 9.3.8 Germany
- 9.3.8.1 Germany managed services market, 2018 - 2030
- 9.3.8.2 Germany managed services market, by solution, 2018 - 2030
- 9.3.8.3 Germany managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.3.8.4 Germany managed services market, by deployment, 2018 - 2030
- 9.3.8.5 Germany managed services market, by enterprise size, 2018 - 2030
- 9.3.8.6 Germany managed services market, by end use, 2018 - 2030
- 9.4 Asia Pacific
- 9.4.1 Asia Pacific managed services market, 2018 - 2030
- 9.4.2 Asia Pacific managed services market, by solution, 2018 - 2030
- 9.4.3 Asia Pacific managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.4.4 Asia Pacific managed services market, by deployment, 2018 - 2030
- 9.4.5 Asia Pacific managed services market, by enterprise size, 2018 - 2030
- 9.4.6 Asia Pacific managed services market, by end use, 2018 - 2030
- 9.4.7 Japan
- 9.4.7.1 Japan managed services market, 2018 - 2030
- 9.4.7.2 Japan managed services market, by solution, 2018 - 2030
- 9.4.7.3 Japan managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.4.7.4 Japan managed services market, by deployment, 2018 - 2030
- 9.4.7.5 Japan managed services market, by enterprise size, 2018 - 2030
- 9.4.7.6 Japan managed services market, by end use, 2018 - 2030
- 9.4.8 China
- 9.4.8.1 China managed services market, 2018 - 2030
- 9.4.8.2 China managed services market, by solution, 2018 - 2030
- 9.4.8.3 China managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.4.8.4 China managed services market, by deployment, 2018 - 2030
- 9.4.8.5 China managed services market, by enterprise size, 2018 - 2030
- 9.4.8.6 China managed services market, by end use, 2018 - 2030
- 9.4.9 India
- 9.4.9.1 India managed services market, 2018 - 2030
- 9.4.9.2 India managed services market, by solution, 2018 - 2030
- 9.4.9.3 India managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.4.9.4 India managed services market, by deployment, 2018 - 2030
- 9.4.9.5 India managed services market, by enterprise size, 2018 - 2030
- 9.4.9.6 India managed services market, by end use, 2018 - 2030
- 9.5 Latin America
- 9.5.1 Latin America managed services market, 2018 - 2030
- 9.5.2 Latin America managed services market, by solution, 2018 - 2030
- 9.5.3 Latin America managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.5.4 Latin America managed services market, by deployment, 2018 - 2030
- 9.5.5 Latin America managed services market, by enterprise size, 2018 - 2030
- 9.5.6 Latin America managed services market, by end use, 2018 - 2030
- 9.5.7 Brazil
- 9.5.7.1 Brazil managed services market, 2018 - 2030
- 9.5.7.2 Brazil managed services market, by solution, 2018 - 2030
- 9.5.7.3 Brazil managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.5.7.4 Brazil managed services market, by deployment, 2018 - 2030
- 9.5.7.5 Brazil managed services market, by enterprise size, 2018 - 2030
- 9.5.7.6 Brazil managed services market, by end use, 2018 - 2030
- 9.5.8 Mexico
- 9.5.8.1 Mexico managed services market, 2018 - 2030
- 9.5.8.2 Mexico managed services market, by solution, 2018 - 2030
- 9.5.8.3 Mexico managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.5.8.4 Mexico managed services market, by deployment, 2018 - 2030
- 9.5.8.5 Mexico managed services market, by enterprise size, 2018 - 2030
- 9.5.8.6 Mexico managed services market, by end use, 2018 - 2030
- 9.6 MEA
- 9.6.1 MEA managed services market, 2018 - 2030
- 9.6.2 MEA managed services market, by solution, 2018 - 2030
- 9.6.3 MEA managed services market, by Managed Information Service (MIS), 2018 - 2030
- 9.6.4 MEA managed services market, by deployment, 2018 - 2030
- 9.6.5 MEA managed services market, by enterprise size, 2018 - 2030
- 9.6.6 MEA managed services market, by end use, 2018 - 2030
Chapter 10 Competitive Analysis
- 10.1 Recent Developments and Impact Analysis, by Key Market Participants
- 10.2 Company/Competition Categorization
- 10.3 Vendor Landscape
- 10.3.1 Key Company Analysis, 2022
Chapter 11 Competitive Landscape
- 11.1 Accenture PLC
- 11.1.1 Company overview
- 11.1.2 Financial performance
- 11.1.3 Product benchmarking
- 11.1.4 Strategic initiatives
- 11.2 Alcatel-Lucent Enterprise
- 11.2.1 Company overview
- 11.2.2 Financial performance
- 11.2.3 Product benchmarking
- 11.2.4 Strategic initiatives
- 11.3 AT&T Inc.
- 11.3.1 Company overview
- 11.3.2 Financial performance
- 11.3.3 Product benchmarking
- 11.3.4 Strategic initiatives
- 11.4 Avaya Inc.
- 11.4.1 Company overview
- 11.4.2 Financial performance
- 11.4.3 Product benchmarking
- 11.4.4 Strategic initiatives
- 11.5 BMC Software, Inc.
- 11.5.1 Company overview
- 11.5.2 Financial performance
- 11.5.3 Product benchmarking
- 11.6 CA Technologies
- 11.6.1 Company overview
- 11.6.2 Financial performance
- 11.6.3 Product benchmarking
- 11.6.4 Strategic initiatives
- 11.7 Cisco Systems, Inc.
- 11.7.1 Company overview
- 11.7.2 Financial performance
- 11.7.3 Product benchmarking
- 11.7.4 Strategic initiatives
- 11.8 DXC Technology Company
- 11.8.1 Company overview
- 11.8.2 Financial performance
- 11.8.3 Product benchmarking
- 11.8.4 Strategic initiatives
- 11.9 Ericsson
- 11.9.1 Company overview
- 11.9.2 Financial performance
- 11.9.3 Product benchmarking
- 11.9.4 Strategic initiatives
- 11.10 Fujitsu Limited
- 11.10.1 Company overview
- 11.10.2 Financial performance
- 11.10.3 Product benchmarking
- 11.10.4 Strategic initiatives
- 11.11 Hewlett Packard Enterprise Development LP (H.P.E.)
- 11.11.1 Company overview
- 11.11.2 Financial performance
- 11.11.3 Product benchmarking
- 11.11.4 Strategic initiatives
- 11.12 International Business Machines Corporation
- 11.12.1 Company overview
- 11.12.2 Financial performance
- 11.12.3 Product benchmarking
- 11.12.4 Strategic initiatives
- 11.13 Lenovo Group Limited
- 11.13.1 Company overview
- 11.13.2 Financial performance
- 11.13.3 Product benchmarking
- 11.13.4 Strategic initiatives