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2022
Managed Services Market

Managed Services Market by Component (Software and Services), Deployment Type (On-premise and Cloud Based), Service Type(Managed Security Services, Managed Network Services, Managed Data Centre & IT Infrastructure Services, Managed Communication & Collaboration Services, Managed Mobility Services and Managed Information Services), Enterprise Size (Small & Medium Enterprise and Large Enterprise), Industry Vertical (Telecom, Information Technology (IT), Banking, Financial Services and Insurance (BFSI), Consumer Goods & Retail, Manufacturing, Healthcare & Life Sciences, Education, Energy & Utilities, Media & Entertainment and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030

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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The managed service provider is a third-party provider who is outsourced by a company to manage its IT functions. These IT functions can range from basic such as ensuring proper functioning of IT equipment to fully outsourced IT team. The main aim of managed service providers is to provide IT services to companies that lack knowledge or experience in handling the basic IT functions in their company. Technology is getting more complex day by day. For instance, the number of devices employees depend on nowadays is far advanced than a decade back. The workforce is using office laptops, tablets mobile phones to access office information. Integrating all these devices with the office database while keeping it secure is becoming a great challenge for IT departments. Therefore organizations are adopting managed service providers who will not only keep the pace of changing technology but also look after the security of the companies' data. Additionally, many employees lack knowledge about critical IT services which can negatively impact the business as if IT services are not handled properly they may lead to cyber security breaches, data loss, and other issues. Therefore companies are outsourcing managed services solutions to solve these issues.

Different service providers offer different services such as managed security services, managed network services, managed data center & IT infrastructure devices, managed communication & collaboration services, managed mobility services and managed information services. By offloading general management and monitoring tasks from in house team to a good experience third party team helps organizations to not only improve their operations but also reduce their expenses. Furthermore managed services provides a 24/7 monitoring service to an organization which thereby increases the overall security of the network. Moreover, it is easy for an in-house individual to ignore the small crack in the security system but a managed service provider not only monitors the system but also ensures that the system is robust and free from malicious threats. 

Report Metric

Details

  Market size available for years

 

  2020-2030

  Base year considered

 

  2020

  Forecast period

  2021-2030

 

  Forecast unit

 

  Value (USD)

  Segments covered

Component , Deployment Type, Service Type, Enterprise Size, Industry Vertical, Region

 

  Companies covered

 

IBM Corporation, Cisco, Fujitsu, Accenture, Atos SE, DXC Technology Company, AT&T Intellectual Property, Telefonaktiebolaget LM Ericsson, Cognizant, HCL, Tata Consultancy Services Limited, Infosys Limited, Dimension Data, NTT Data Corporation, GTT Communications, Inc., Happiest Minds, Rackspace Technology, Huawei Technologies Co., Ltd, Nokia, and CenturyLink

 

COVID-19 Scenario Analysis:

  • The emergence of COVID-19 has highly affected the health of the people as well as the global economy. Lockdown and restrictions have caused many industries to shut down their operation and manufacturing processes, thereby disrupting their supply chain.
  • Additionally, to continue with their business operations many organizations are shifting their traditional working methods to work from home and remote working solutions. 
  • However, with this drastic change in the work environment, employees will require access to different work applications to company-owned or their devices. Organizations have therefore started relying more on managed services during the COVID-19 period.
  • Because of this reason, the demand for IT consultancies and managed services providers is increasing, which is therefore driving the managed services market growth during the COVID-19 pandemic period.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

A huge amount of data loss because of security breaches and cyber-attacks is harming organizations. Many organizations have therefore started adopting managed service solutions to solve their security issues, thereby driving the demand for managed service solutions in the market. Additionally, businesses can focus more on the core competencies more effectively with the help of managed services as it not only improve their operational efficiency but also reduce their operating expenses. It helps the businesses to improve profitability and operational efficiency by ensuring proper utilization and distribution of resources. Furthermore, the business can respond easily to advance technology with flexible managed services and scalable infrastructures. However, managed services providers do not cover all the IT services in one single service solution. There are different managed services for different IT functions. If a company needs to outsource more than one IT service it can increase the outsourcing cost. Additionally, managed services are not able to develop a deep understanding of the company or business needs as a single managed service provider handles many different companies at a time. This, therefore, decreases the synergy between IT and the business. An increase in the outsourcing costs, decrease in the synergy between businesses are some factors that are restraining the market growth.

However, the development of advanced technology such as cloud computing, automation, IoT, blockchain, is creating new opportunities for the managed service provider to gain a competitive edge in the managed services market. Managing a multi-cloud environment and implementing customized automation across the business can become challenging. Therefore, as these technologies evolve many organizations will start adopting managed service providers to help them with the implementation and maintenance of these technologies.      

Key Benefits of the Report:

  • This study presents the analytical depiction of the managed services industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the managed services market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the managed services market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the managed services market. 
  • The report provides a detailed managed services market analysis based on competitive intensity and how the competition will take shape in the coming years

Questions Answered in the Managed Services Market Research Report:

  • Which are the leading market players active in the managed services market?
  • What are the detailed impacts of COVID-19 on the managed services market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the managed services market?
  • What are the projections for the future that would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
Component
  • Software
  • Services
Deployment Type
  • On-premise
  • Cloud Based
Service Type
  • Managed Security Services
  • Managed Network Services
  • Managed Data Centre & IT Infrastructure Services
  • Managed Communication & Collaboration Services
  • Managed Mobility Services
  • Managed Information Services
Enterprise Size
  • Small & Medium Enterprise
  • Large Enterprise
Industry Vertical
  • Telecom
  • Information Technology (IT)
  • Banking, Financial Services and Insurance (BFSI)
  • Consumer Goods & Retail
  • Manufacturing**Healthcare & Life Sciences
  • Education
  • Energy & Utilities
  • Media & Entertainment
  • Others
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
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