DUBLIN, July 01, 2021– (BUSINESS WIRE) – The “Solution Managed Services Market Size, Share and Trend Analysis Report (Managed Data Center, Managed Security), Managed Information Service, Deployment, Size of business, end use and segment forecast, 2021- The 2028 report “has been added to ResearchAndMarkets.com offer.
The global managed services market size is expected to reach USD 552.35 billion by 2028 and is expected to grow at a CAGR of 12.7% from 2021 to 2028.
The increasing dependence of organizations on IT infrastructure to boost the productivity of their business is expected to drive the market growth during the forecast period. The benefits associated with implementing managed services, such as drastically reducing IT operational costs and improving organizational efficiency, also bode well for growth.
Several businesses are facing challenges in the wake of the COVID-19 outbreak and Managed Service Providers (MSPs) are no exception.
While many businesses and organizations are opting for managed services to ensure operational efficiency amid the lockdowns being implemented in various countries as part of efforts to stop the spread of the coronavirus, organizational spending on new initiatives. automation have gradually slowed down.
As a result, market players are expected to witness a significant drop in their revenues in 2020, forcing them to cut costs. Nonetheless, the business automation spending is expected to increase from 2021 leading to the growth of the market during the forecast period.
The growing number of small and medium-sized enterprises (SMEs) in emerging economies is expected to propel the demand for managed services during the forecast period. Strengthening profit margins, which effectively meet the needs of dynamic business environments, and improving operational efficiency are also expected to contribute to market growth.
Managed services help optimize recurring internal IT costs while simultaneously automating business processes. This in turn enables organizations to effectively achieve their business goals, especially when it comes to boosting results and increasing profitability.
Aggressive initiatives by various governments towards digital transformation with a focus on modernizing their IT infrastructure, strengthening governance and improving citizen services are expected to drive demand for managed services during the period. forecast. For example, in 2018, the Canadian government invested $ 2.1 billion in a 6-year digital transformation program. The program plans to modernize the government’s IT infrastructure and services.
Highlights of the Managed Services Market Report
The Managed Security segment is expected to register the highest CAGR during the forecast period due to strict government regulations regarding data security and privacy protection and the increasing incidence of cyber attacks against businesses.
The business support systems segment is expected to register the highest CAGR from 2021 to 2028. The increasing adoption of business support systems, such as business analysis, database integration, management services of demand and project management, by incumbents of various end-use industries is expected to propel the growth of the segment during the forecast period
On-premises segment dominated the market in 2020. On-premises software hosting ensures easy customization according to business process needs. On-site installation is particularly lucrative for large companies
The small and medium-sized enterprises (SMEs) segment is expected to register a significant CAGR during the forecast period. SMBs are aggressively opting for managed services because of the many benefits, such as controlled IT costs, increased efficiency and competitiveness, and reduced risk, associated with them
Healthcare is expected to become the fastest growing segment during the forecast period. The healthcare sector has proven to be a primary target for cybercriminals, hence the need to effectively protect the patient database. Several healthcare establishments opt for managed services to protect patient data and secure monetary transactions, thus contributing to the growth of the segment
North America accounted for the largest market share in terms of revenue in 2020. The growing number of multinational corporations (MNCs) in North America bodes well for the growth of the regional market.
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive summary
2.1 Managed Services Market – Industry Overview and Key Purchasing Criteria, 2016-2028
2.2 Global Managed Services Market, 2016-2028 (USD Billion)
Chapter 3 Managed Services Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market size and growth outlook
3.3 Managed Services Market – Value Chain Analysis
3.4 Managed Services – Market Dynamics
3.5 Mapping of penetration and growth prospects
3.6 Company Ranking / Company Market Share Analysis, 2020
3.7 Porter’s five forces analysis
3.8 PESTEL analysis
Chapter 4 Managed Services Solution Outlook
4.1 Managed Services Market Share by Solution, 2020
4.2 Managed data center
4.3 Managed network
4.4 Managed mobility
4.5 Managed infrastructure
4.6 Managed backup and restore
4.7 Managed communication
4.8 Managed information
4.9 Managed security
Chapter 5 Perspectives on Managed Information Service (MIS)
5.1 Managed Information Service (MIS) Managed Services Market Share, 2020
5.2 Business Process Outsourcing (BPO)
5.3 Business support systems
5.4 Project and portfolio management
Chapter 6 Managed Services Deployment Outlook
6.1 Deployment Managed Services Market Share, 2020
6.3 On site
Chapter 7 Managed Services Business Size Outlook
7.1 Managed Services Market Share by Company Size, 2020
7.2 Large companies
7.3 Small and medium-sized enterprises (SMEs)
Chapter 8 Managed Services End-Use Outlook
8.1 Managed Services Market Share by End Use, 2020
8.2 Financial services
8.4 Health care
8.5 IT & Telecom
8.7 Media and entertainment
Chapter 9 Regional Outlook for Managed Services
9.1 Managed Services Market Share by Region, 2020
Chapter 10 Competitive Landscape
BMC Software, Inc.
Cisco Systems, Inc.
DXC Technology Company
Hewlett Packard Enterprise Development LP (HPE)
International Business Machines Corporation
Lenovo Group Limited
For more information on this report visit https://www.researchandmarkets.com/r/250grz
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210701005426/en/
Laura Wood, Senior Press Director
For EST office hours, call 1-917-300-0470
For USA / CAN call toll free 1-800-526-8630
For GMT office hours, call + 353-1-416-8900