The global managed services market is expected to grow from USD 180.5 billion in 2019 to USD 282.0 billion by 2024, with a CAGR of 9.34% during the forecast period. Geographically, North America has the largest market share while the Asia and Pacific region is expected to grow rapidly in the 2019-2024 forecast period.
The key drivers driving the managed services market include organizations' growing reliance on updating IT assets to increase the productivity of their business and the need for specialized managed service providers to offer managed cloud-based services.
The growing threat of data theft and cybercrime has forced companies to opt for advanced services that allow the monitoring and management of security resources, detection, prevention, and investigation of threat data. It is expected that the increase in security threats, regulatory compliance, and data breaches will drive investment in security in multiple industries.
It is expected that the global managed services market will show great interest in information services and managed mobility. Strategic decisions in the short and long term have changed the focus towards managed services and their applications. Because managed services allow a company to access advanced applications and services that would not be possible internally, they can focus on their core strategic area and outsource the remaining tasks to those service providers with operational experience in this area.
Market drivers and restraints:
One of the biggest challenges for small and medium businesses is a limited IT budget. Each decision related to spending is associated with a cost-benefit analysis. The expense in higher yields always has priority over the others. However, every business needs technology to grow and compete with the competition. Therefore, managed services play a crucial role in providing cutting-edge technology to their customers. Small businesses can continue to benefit by avoiding hiring IT, infrastructure managers. The MSP is expected to have a team of qualified personnel to handle the problems related to the maintenance and development of the infrastructure, eliminating costs, such as salaries and training costs.
Recent Industry developments:
September 2017: Wipro became the official technological partner of the McLaren Technology Group to promote digitalization in all companies. The association aims to help Wipro McLaren achieve his defined IT strategy.
September 2017: Wipro received a seven-year contract from the European energy company Innogy SE, to manage its data center and cloud services. Wipro expects the company, which focuses on renewable energy, networks and infrastructure, and retailers, to optimize, virtualize, and consolidate its IT infrastructure.
February 2017: IBM has acquired Agile 3 Solutions, a software company that has created a security analysis panel that allows C-suite executives with limited technical knowledge to understand security alerts.
Global Managed Services Market is segmented and sub-segmented as follows:
By Service Type: Managed Security Services, Managed Network Services, Managed Data Center Services
By Deployment Type: On-Premise, On Cloud
By Organization Size: Large, Medium, Small
By Region: North America, Europe, APAC, Middle East & Africa
At the regional level, North America had the largest market share due to the rapid growth of companies and the macroeconomic uncertainty in Europe. The Asia-Pacific region is expected to grow in the forecast period, especially in countries such as China and India, because they are investing a lot of money to introduce new data management technologies.
The leading providers of global managed services include IBM (US), Fujitsu (Japan), Cisco (US), Accenture (Ireland), Atos (France), DXC (USA), AT & T (EE) UU.), Ericsson (Sweden) and Cognizant (USA), HCL (India), Infosys (India), Huawei (China), (India), Tech Mahindra (India), Capgemini (France), Dimension Data (South Africa), Wipro (India), Unisys (United States), GTT Communications (United States), Nokia Networks (Finland), Netmagic (India), Rackspace (United States), Dataprise (United States), Happiest Minds (India) and Cycops (India).
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Managed Services Market, By Service Type
6.1.1 Managed Security Services
6.1.2 Managed Network Services
6.1.3 Managed Data Center Services
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Managed Services Market, By Deployment Type
6.2.1 On-Premises
6.2.2 On-Cloud
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2019 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Service Type
7.2.3 By Deployment Type
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Service Type
7.3.3 By Deployment Type
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Service Type
7.4.3 By Deployment Type
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Service Type
7.5.3 By Deployment Type
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Service Type
7.6.3 By Deployment Type
8. Key Player Analysis
8.1 IBM
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Fujitso
8.3 Atos
8.4 Accenture
8.5 DXC
8.6 AT&T
8.7 Dimension Data
8.8 Wipro
8.9 Rackspace
8.10 Happiest Minds
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
