Managed Services Market Report 2024: Insights, Trends, and Future Projections

Straits Research Unveils Comprehensive Report on the Managed Services Market

 Straits Research, a leading market intelligence firm, has released a detailed report on the global Managed Services Market, revealing substantial growth prospects, key market catalysts, and extensive segmentation analysis. According to the report, the global Managed Services Market size was valued at USD 348.12 Billion in 2024 and is projected to reach USD 393.02 Billion in 2025. The market is anticipated to grow to USD 1037.46 Billion by 2033, demonstrating a compound annual growth rate (CAGR) of 12.9% during the forecast period (2025–2033).

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Managed Services Market Catalysts for Expansion

The Managed Services Market is experiencing significant expansion, driven by several key factors:

• Increased Demand for IT Outsourcing: Businesses are increasingly outsourcing their IT functions to managed service providers (MSPs) to focus on core operations and reduce operational costs.

• Growth in Cloud Adoption: The widespread adoption of cloud computing is driving the demand for managed services, as organizations seek expertise in managing cloud infrastructure and applications.

• Focus on Cybersecurity: Rising cybersecurity threats are propelling the need for managed security services, enabling businesses to safeguard their data and IT assets.

• Technological Advancements: Innovations in AI, IoT, and big data analytics are enhancing the capabilities of managed services, offering improved efficiency and scalability.

Managed Services Market Segment Breakdown

The report provides an in-depth analysis of the Managed Services Market, segmented by solution, managed information service (MIS), deployment, enterprise size, end-user, managed security service, managed network service, managed IT infrastructure & data center service, managed communication & collaboration service, and managed mobility service.

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By Solution

1. Managed Data Center

2. Managed Network

3. Managed Mobility

4. Managed Infrastructure

5. Managed Backup and Recovery

6. Managed Communication

7. Managed Information

8. Managed Security

By Managed Information Service (MIS)

1. Business Process Outsourcing (BPO)

2. Business Support Systems

3. Project & Portfolio Management

4. Others

By Deployment

1. Hosted

2. On-premise

By Enterprise Size

1. Large Enterprises

2. Small & Medium Enterprises

By End-User

1. Financial Services

2. Government

3. Healthcare

4. IT & Telecom

5. Manufacturing

6. Media & Entertainment

7. Retail

8. Others

By Managed Security Service

1. Managed Identity & Access Management

2. Managed Antivirus/Antimalware

3. Managed Firewall

4. Managed Risk And Compliance Management

5. Managed Vulnerability Management

6. Managed Security Information & Event Management

7. Managed Intrusion Detection Systems/Intrusion Prevention Systems

8. Managed Unified Threat Management

9. Managed Encryption

10. Other Managed Security Services

By Managed Network Service

1. Managed LAN

2. Managed Wi-Fi

3. Managed VPN

4. Managed WAN

5. Network Monitoring

6. Other Managed Network Security

By Managed IT Infrastructure & Data Center Service

1. Managed Print Services

2. Server Management

3. Storage Management

4. Other Managed IT Infrastructure & Data Center Services

By Managed Communication & Collaboration Service

1. Managed VoIP

2. Managed UCaaS

3. Other Managed Communication & Collaboration Services

By Managed Mobility Service

1. Device Life Cycle Management

2. Application Management

   Market Segmentation with Insights-Driven Strategy Guide: https://straitsresearch.com/report/managed-services-market/segmentation

Top Performing Companies

The report identifies several top-performing companies in the Managed Services Market, including:

1. Accenture PLC

2. Alcatel-Lucent Enterprise

3. AT&T Inc.

4. Avaya Inc.

5. BMC Software Inc.

6. CA Technologies

7. Cisco Systems Inc.

8. DXC Technology Company

9. Fujitsu Limited

10. Hewlett Packard Enterprise Development LP

11. International Business Machines Corporation

12. Telefonaktiebolaget LM Ericsson

These companies are leading the market through continuous innovation, strategic partnerships, and expansion of their service portfolios.

Managed Services Market Emerging Prospects

Emerging prospects in the Managed Services Market include:

• Integration of AI and ML: The use of artificial intelligence (AI) and machine learning (ML) to automate and enhance managed services, providing predictive analytics and proactive management.

• Expansion in Emerging Markets: Growth opportunities in emerging markets due to increasing digital transformation initiatives and rising IT expenditures.

• Development of Customized Solutions: Tailoring managed services to meet specific industry requirements and business needs, offering personalized and scalable solutions.

Managed Services Market Industry Movements

The industry is witnessing significant movements, including mergers and acquisitions, strategic partnerships, and technological advancements. These movements are reshaping the competitive landscape and driving market growth.

Managed Services Market Geographic Analysis

The report provides a geographic analysis of the Managed Services Market, highlighting key regions and their respective growth trends:

• North America: Leading the market with high adoption of managed services and technological innovations.

• Europe: Significant growth driven by stringent regulatory requirements and increasing IT investments.

• Asia-Pacific: Rapidly growing market fueled by digital transformation initiatives and expanding IT infrastructure.

• LAMEA (Latin America, Middle East, and Africa): Emerging market with substantial growth potential due to increasing digitalization and economic development.

Managed Services Market Data Insights

The report offers detailed data insights, including market size, growth rates, and segment analysis. These insights enable businesses to understand market trends, identify growth opportunities, and make informed strategic decisions.

Table of Contents for the Managed Services Market Report: https://straitsresearch.com/report/managed-services-market/toc

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