Global Managed Services Market Set to Witness Explosive Growth by 2029


Posted September 12, 2023 by shambhavimmr

Global Managed Services Market size was valued at US$ 262.08 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 7.9% through 2023 to 2029, reaching nearly US$ 446.27 Bn.
 
Managed Services Market Overview:

The Managed Services market research provides a comprehensive insight into the competition, including the market share and company profiles of the world's biggest rivals. The research scope covers a comprehensive examination of the Managed Services Market, as well as the causes for variances in the industry's growth across a variety of sectors.

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Market Scope:

Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.

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Segmentation:

by Service Type

Managed Network Services
Managed Information Services
Managed Security Services
Managed Data Center Services
Managed Communication & Collaboration Services
Managed Mobility Services
Managed IT Infrastructure Services

by Deployment Mode

Cloud
On-Premises

by Organization Size

Small & Medium Enterprises
Large Enterprises

by Vertical

BFSI
Consumer Goods & Retail
Manufacturing
Healthcare & Life Sciences
Media & Entertainment
Telecom & IT
Government & Public
Energy & Utilities
Education
Others

Key Players:

Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.

The biggest players in the Managed Services market are as follows:

1. Huawei
2. Tata Consultancy Services
3. Ericsson
4. Cisco Systems
5. IBM
6. Accenture
7. DXC Technology
8. Nokia Networks
9. Unisys
10. HCL
11. Aricent
12. Adilink Technology
13. Microland
14. Optanix
15. Intact Tech
16. Corsica Technologies
17. AC3
18. 1-Net


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Regional Analysis:

Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Managed Services market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.

COVID-19 Impact Analysis on Managed Services Market:

End-user industries where Managed Services are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Managed Services manufacturers, harming the Managed Services market's growth in 2020. End-user business demand for Managed Services has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.

Key Questions Answered in the Managed Services Market Report are:

Which segment accounted for the most share of the Managed Services market?
What is the competitive landscape of the Managed Services market?
What are the key factors influencing Managed Services market growth?
In the Managed Services market, which region has the most market share?
What will be the CAGR of the Managed Services market during the forecast period?
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Tags global managed services market size , global managed services market forecast , global managed services market demand , global managed services market growth
Last Updated September 12, 2023