
Global Managed Services Market Size, Share & Trends Analysis Report By End-user, By Region, and Segment Forecasts, 2023 - 2030
Description
Global Managed Services Market Size, Share & Trends Analysis Report By End-user, By Region, and Segment Forecasts, 2023 - 2030
Global Managed Services Market Size, Share & Trends Analysis Report By End-user, By Region, and Segment Forecasts, 2023 – 2030
The global Managed Services market is estimated to grow from USD XX million in 2022 and reach to more than USD XX million by 2030, growing at a CAGR of XX%.
Due to its impact on both our personal and professional lives, cyber security has emerged as one of the most important issues for businesses and consumers. Since the first cyberattack, known as the ""Morris worm,"" was first reported in 1998, cyberattacks have not only increased in number but also in sophistication, costing businesses and individuals a significant amount of money and harm to their reputations. One of the most important factors now for each organisation, regardless of industry, as well as their workforce, is managed services. The emergence of the internet coincided with the growth of managed services, which are now somewhat synonymous with any firm in which at least a portion is run by a third-party supplier.
The demand for these services will increase the adoption of managed services as businesses look for a managed services vendor to manage these services and also ensure that the new solutions can fit into the legacy infrastructure. Businesses are looking to increase their operational efficiency by adopting digital technologies like AI/ML, ChatGPT, edge computing, IoT, and others.
The World Economic Forum estimates that the cumulative impact of digital technology on industry and society will exceed USD 100 trillion. This is important because it explains exactly how the global impact of digital transformation initiatives will be felt.
The COVID-19 epidemic was not well publicised, and businesses affected by it had little to no time to adapt their methods of operation. During the epidemic, businesses found themselves in a situation where managing remote workers and granting secure access to enterprise IT infrastructure became imperative. Since businesses already have the infrastructure in place to accommodate this demand, the trend of working from anywhere will continue after the pandemic. In light of this, the Covid-19 pandemic undoubtedly had a favourable effect on the managed services sector, as usage rose during the outbreak.
“Service category managed security services segment, by component, to be dominating market from 2023 to 2030.”
Over the next five years, managed security services will increase faster than other services.
The market for managed services is divided into categories: managed mobility services, managed security services, managed network services, managed data centre services, and managed communication and collaboration services. In these service categories, managed security services were predicted to hold the largest share at the moment, and over the next eight years, this trend is anticipated to continue.
“Cloud-based security solutions segment, by deployment type, to be dominating market from 2023 to 2030.”
There are two additional categories for the deployment type: on-premises and cloud. For the next five years, cloud-based security solutions will continue to lead the deployment type in terms of acceptance. The availability of mobile solutions, ease of network maintenance, and specialised cloud-based security providers are some of the elements propelling the growth of cloud computing.
“Healthcare and life sciences segment, by vertical, to be dominating market from 2023 to 2030.”
The study also included the pace at which managed services are being adopted by the following industry verticals: banking, insurance, healthcare and life sciences, government and defence, retail and consumer goods, information and technology, manufacturing, and energy. The vertical in healthcare and life sciences is anticipated to adopt technology at the fastest rate among these industries in the years to come.
“North America to be largest region in Managed Services Market.”
North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America are the five regions into which the cyber security market is divided in the research. North America leads the world in adoption, accounting for 35–38% of the global market in this region alone. One of the main things influencing the adoption of cyber security solutions is the regions' enormous presence of suppliers of such solutions, together with increased IT budgets across industries.
Asia Pacific is expected to be the fastest growing region. The nation has made digital transformation a primary priority, and it is progressing quickly as more businesses put official policies into place to aid in their efforts. China's State Council unveiled a plan in January 2021 to support the growth of the digital economy during the 14th Five-Year Plan (2021–2025). By 2025, digital public services will be more inclusive, the governance structure of the digital economy will clearly improve, and China's digital transformation of sectors will reach a new level.
By staying up to date with the latest technology, managed service providers in China concentrate on lowering security risks and optimising operations for the end users. By staying up to date with the latest technology, managed service providers in China concentrate on lowering security risks and optimising operations for the end users. The managed services sector is primarily served by the nation's telecom providers. To increase their market share, these businesses are also deliberately purchasing managed service providers.
Managed Services Competitive Landscape
The competitive landscape of the Managed Services Market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Managed Services technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.
The Managed Services Market is highly competitive, with numerous companies vying for market share. Prominent companies in the Managed Services Market include:
Major Players:
IBM
Palo Alto Networks
Cisco
Fujitsu
DXC Technology
Microsoft
NTT Data
Accenture
Atos
Wipro
Infosys
Capgemini
Cognizant
HCL Technologies
TCS
Tata Communication
Recent Developments:
EY and IBM Expand Alliance declared in May 2022 that they will use digital innovation and increased resilience to support businesses globally.In order to provide clients with comprehensive talent, HR, mobility, and payroll transformation services and help them overcome the pressing need to attract, retain, and upskill their workforce while transforming their HR function, EY and IBM have established a new Talent Centre of Excellence (COE). The COE will develop data-driven AI and hybrid cloud solutions.
KPMG India and Qualys announced a collaboration in January 2022 to incorporate Qualys solutions into KPMG's Managed Security offering. With the combination of Qualys' cutting-edge cybersecurity innovations and KPMG's industry-leading and internationally acclaimed cybersecurity services in India, businesses will be able to safeguard their network, apps, endpoints, and cloud workloads against security threats, maintain compliance, and provide visibility.
With plans to offer a wide range of its software catalogue as Software-as-a-Service (SaaS) on AWS, IBM announced a Strategic Collaboration Agreement (SCA) with Amazon Web Services Inc. (AWS) in May 2022. This agreement will assist customers in developing and implementing more sophisticated, secure, and contemporary workflows using IBM Software on AWS. Businesses can quickly start delivering business value by utilising a wide range of IBM Software catalogue offerings as cloud-native services on AWS.
Rackspace Technology and BT announced a partnership deal in January 2022 to transform cloud services for BT's worldwide customers. As per the deal, Rackspace Technology will provide the solutions for BT's hybrid cloud services, and the company will also install its Rackspace Fabric management layer in BT data centres.
Table of Contents
200 Pages
- 1 Introduction
- 1.1 Objective Of The Report
- 1.2 Market Definition
- 1.3 Report Scope
- 1.3.1 In Scope
- 1.3.2 Out Of Scope
- 1.4 Currency Considered
- 1.5 Stakeholders
- 2 Research Methodology
- 2.1 Data Sources
- 2.1.1 Paid Data Bases
- 2.1.2 Secodnary Data Sources
- 2.2 Market Size Estimation
- 2.2.1 Top-down Approach
- 2.2.2 Bottom-up Approach
- 3 Executive Summary
- 4 Market Forces
- 4.1 Introduction
- 4.2 Drivers
- 4.2.1 Increasing Adoption Of Emerging Technologies Acrss Enterprises
- 4.3 Restraints
- 4.3.1 Security Concerns
- 4.4 Opportunities
- 4.4.1 Cyber Regulations
- 5 Managed Services Market, By Services Type
- 5.1 Introduction
- 5.2 Managed Security Services
- 5.3 Managed Network Services
- 5.4 Managed Data Center Services
- 5.5 Managed Communication And Collaboration Services
- 5.6 Managed Mobility Services
- 6 Managed Services Market, By Managed Security Services
- 6.1 Introduction
- 6.2 Managed Identity Access Management
- 6.3 Managed Ddos
- 6.4 Managed Antivirus/Antimalware
- 6.5 Manged Firewall
- 6.6 Managed Threat Prevention
- 6.7 Managed Siem
- 6.8 Managed Ids/Ips
- 6.9 Managed Disaster Recovery
- 6.10 Others
- 7 Managed Services Market, By Managed Network Service
- 7.1 Introduction
- 7.2 Managed Virtual Private Network
- 7.3 Managed Network Security
- 7.4 Managed Local Area Network
- 8 Managed Services Market, By Managed Data Center Services
- 8.1 Introduction
- 8.2 Managed Storage Services
- 8.3 Managed Hosting
- 8.4 Managed Colocation
- 8.5 Others
- 9 Managed Services Market, By Managed Communication And Collaboration Services
- 9.1 Introduction
- 9.2 Managed Unified Communication
- 9.3 Managed Voip
- 9.4 Others
- 10 Managed Services Market, By Managed Infrastructure Services
- 10.1 Introduction
- 10.2 Server Management
- 10.3 Storage Services Enterprises
- 10.4 Others
- 11 Managed Services Market, By Manged Mobility Services
- 11.1 Introduction
- 11.2 Device Lifecycle Management
- 11.3 Application Management
- 12 Managed Services Market, By Manged Organization Size
- 12.1 Introduction
- 12.2 Small And Medium Eneterprises
- 12.3 Large Enterprises
- 13 Managed Services Market, By Deployment Type
- 13.1 Introduction
- 13.2 Cloud
- 13.3 On Premises
- 14 Managed Services Market, By Vertical
- 14.1 Introduction
- 14.2 Banking Financial Services And Insurance
- 14.3 Healthcare And Lifesciences
- 14.4 Government And Defense
- 14.5 Consumer Goods And Retail
- 14.6 Information Technology
- 14.7 Manufacturing Control
- 14.8 Energy
- 14.9 Telecom
- 14.10 Others
- 15 North America Managed Services Market, By Segment
- 15.1 Introduction
- 15.2 By Managed Security Services
- 15.2.1 Managed Identity Access Management
- 15.2.2 Managed Ddos
- 15.2.3 Managed Antivirus/Antimalware
- 15.2.4 Managed Firewall
- 15.2.5 Managed Threat Prevention
- 15.2.6 Managed Siem
- 15.2.7 Managed Ids/Ips
- 15.2.8 Managed Disaster Recovery
- 15.2.9 Others
- 15.3 By Managed Network Services
- 15.3.1 Managed Virtual Private Network
- 15.3.2 Managed Network Security
- 15.3.3 Managed Local Area Network
- 15.4 By Managed Data Center Services
- 15.4.1 Managed Storage Services
- 15.4.2 Managed Hosting
- 15.4.3 Managed Colocation
- 15.4.4 Others
- 15.5 By Managed Communication And Collaboration Services
- 15.5.1 Managed Unified Communication
- 15.5.2 Managed Voip
- 15.5.3 Others
- 15.6 By Managed Infrastructure Services
- 15.6.1 Server Management
- 15.6.2 Storage Management
- 15.6.3 Others
- 15.7 By Manged Mobility Services
- 15.7.1 Device Lifecycle Management
- 15.7.2 Application Management
- 15.8 By Deployment Type
- 15.8.1 Cloud
- 15.8.2 On Premises
- 15.9 By Vertical
- 15.9.1 Banking Financial Services And Insurance
- 15.9.2 Healthcare And Lifesciences
- 15.9.3 Government And Defense
- 15.9.4 Consumer Goods And Retail
- 15.9.5 Manufacturing
- 15.9.6 Energy
- 15.9.7 Telecom
- 15.9.8 Others
- 15.10 By Country
- 15.10.1 Us
- 15.10.2 Canada
- 16 Europe Managed Services Market, By Segment
- 16.1 Introduction
- 16.2 By Managed Security Services
- 16.2.1 Managed Identity Access Management
- 16.2.2 Managed Ddos
- 16.2.3 Managed Antivirus/Antimalware
- 16.2.4 Managed Firewall
- 16.2.5 Managed Threat Prevention
- 16.2.6 Managed Siem
- 16.2.7 Managed Ids/Ips
- 16.2.8 Managed Disaster Recovery
- 16.2.9 Others
- 16.3 By Managed Network Services
- 16.3.1 Managed Virtual Private Network
- 16.3.2 Managed Network Security
- 16.3.3 Managed Local Area Network
- 16.4 By Managed Data Center Services
- 16.4.1 Managed Storage Services
- 16.4.2 Managed Hosting
- 16.4.3 Managed Colocation
- 16.4.4 Others
- 16.5 By Managed Communication And Collaboration Services
- 16.5.1 Managed Unified Communication
- 16.5.2 Managed Voip
- 16.5.3 Others
- 16.6 By Managed Infrastructure Services
- 16.6.1 Server Management
- 16.6.2 Storage Management
- 16.6.3 Others
- 16.7 By Manged Mobility Services
- 16.7.1 Device Lifecycle Management
- 16.7.2 Application Management
- 16.8 By Deployment Type
- 16.8.1 Cloud
- 16.8.2 On Premises
- 16.9 By Vertical
- 16.9.1 Banking Financial Services And Insurance
- 16.9.2 Healthcare And Lifesciences
- 16.9.3 Government And Defense
- 16.9.4 Consumer Goods And Retail
- 16.9.5 Manufacturing
- 16.9.6 Energy
- 16.9.7 Telecom
- 16.9.8 Others
- 16.10 By Country
- 16.10.1 Uk
- 16.10.2 Germany
- 16.10.3 France
- 16.10.4 Italy
- 16.10.5 Spain
- 16.10.6 Rest Of Europe
- 17 Asia Pacific Managed Services Market, By Segment
- 17.1 Introduction
- 17.2 By Managed Security Services
- 17.2.1 Managed Identity Access Management
- 17.2.2 Managed Ddos
- 17.2.3 Managed Antivirus/Antimalware
- 17.2.4 Managed Firewall
- 17.2.5 Managed Threat Prevention
- 17.2.6 Managed Siem
- 17.2.7 Managed Ids/Ips
- 17.2.8 Managed Disaster Recovery
- 17.2.9 Others
- 17.3 By Managed Network Services
- 17.3.1 Managed Virtual Private Network
- 17.3.2 Managed Network Security
- 17.3.3 Managed Local Area Network
- 17.4 By Managed Data Center Services
- 17.4.1 Managed Storage Services
- 17.4.2 Managed Hosting
- 17.4.3 Managed Colocation
- 17.4.4 Others
- 17.5 By Managed Communication And Collaboration Services
- 17.5.1 Managed Unified Communication
- 17.5.2 Managed Voip
- 17.5.3 Others
- 17.6 By Managed Infrastructure Services
- 17.6.1 Server Management
- 17.6.2 Storage Management
- 17.6.3 Others
- 17.7 By Manged Mobility Services
- 17.7.1 Device Lifecycle Management
- 17.7.2 Application Management
- 17.8 By Deployment Type
- 17.8.1 Cloud
- 17.8.2 On Premises
- 17.9 By Vertical
- 17.9.1 Banking Financial Services And Insurance
- 17.9.2 Healthcare And Lifesciences
- 17.9.3 Government And Defense
- 17.9.4 Consumer Goods And Retail
- 17.9.5 Manufacturing
- 17.9.6 Energy
- 17.9.7 Telecom
- 17.9.8 Others
- 17.10 By Country
- 17.10.1 India
- 17.10.2 China
- 17.10.3 Japan
- 17.10.4 Singapore
- 17.10.5 Rest Of Asia Pacific
- 18 Middle East And Africa Managed Services Market, By Segment
- 18.1 Introduction
- 18.2 By Managed Security Services
- 18.2.1 Managed Identity Access Management
- 18.2.2 Managed Ddos
- 18.2.3 Managed Antivirus/Antimalware
- 18.2.4 Managed Firewall
- 18.2.5 Managed Threat Prevention
- 18.2.6 Managed Siem
- 18.2.7 Managed Ids/Ips
- 18.2.8 Managed Disaster Recovery
- 18.2.9 Others
- 18.3 By Managed Network Services
- 18.3.1 Managed Virtual Private Network
- 18.3.2 Managed Network Security
- 18.3.3 Managed Local Area Network
- 18.4 By Managed Data Center Services
- 18.4.1 Managed Storage Services
- 18.4.2 Managed Hosting
- 18.4.3 Managed Colocation
- 18.4.4 Others
- 18.5 By Managed Communication And Collaboration Services
- 18.5.1 Managed Unified Communication
- 18.5.2 Managed Voip
- 18.5.3 Others
- 18.6 By Managed Infrastructure Services
- 18.6.1 Server Management
- 18.6.2 Storage Management
- 18.6.3 Others
- 18.7 By Manged Mobility Services
- 18.7.1 Device Lifecycle Management
- 18.7.2 Application Management
- 18.8 By Deployment Type
- 18.8.1 Cloud
- 18.8.2 On Premises
- 18.9 By Vertical
- 18.9.1 Banking Financial Services And Insurance
- 18.9.2 Healthcare And Lifesciences
- 18.9.3 Government And Defense
- 18.9.4 Consumer Goods And Retail
- 18.9.5 Manufacturing
- 18.9.6 Energy
- 18.9.7 Telecom
- 18.9.8 Others
- 18.8 By Country
- 18.8.1 Ksa
- 18.8.2 Turkey
- 18.8.3 South Africa
- 18.8.4 Israel
- 18.8.5 Rest Of Mea
- 19 Latin America Managed Services Market, By Segment
- 19.1 Introduction
- 15.2 By Managed Security Services
- 19.2.1 Managed Identity Access Management
- 19.2.2 Managed Ddos
- 19.2.3 Managed Antivirus/Antimalware
- 19.2.4 Managed Firewall
- 19.2.5 Managed Threat Prevention
- 19.2.6 Managed Siem
- 19.2.7 Managed Ids/Ips
- 19.2.8 Managed Disaster Recovery
- 19.2.9 Others
- 19.3 By Managed Network Services
- 19.3.1 Managed Virtual Private Network
- 19.3.2 Managed Network Security
- 19.3.3 Managed Local Area Network
- 19.4 By Managed Data Center Services
- 19.4.1 Managed Storage Services
- 19.4.2 Managed Hosting
- 19.4.3 Managed Colocation
- 19.4.4 Others
- 19.5 By Managed Communication And Collaboration Services
- 19.5.1 Managed Unified Communication
- 19.5.2 Managed Voip
- 19.5.3 Others
- 19.6 By Managed Infrastructure Services
- 19.6.1 Server Management
- 19.6.2 Storage Management
- 19.6.3 Others
- 19.7 By Manged Mobility Services
- 19.7.1 Device Lifecycle Management
- 19.7.2 Application Management
- 19.8 By Deployment Type
- 19.8.1 Cloud
- 19.8.2 On Premises
- 19.9 By Vertical
- 19.9.1 Banking Financial Services And Insurance
- 19.9.2 Healthcare And Lifesciences
- 19.9.3 Government And Defense
- 19.9.4 Consumer Goods And Retail
- 19.9.5 Manufacturing
- 19.9.6 Energy
- 19.9.7 Telecom
- 19.9.8 Others
- 19.8 By Country
- 19.8.1 Mexico
- 19.8.2 Brazil
- 19.8.3 Rest Of Mea Latin America
- 20 Company Landscape
- 20.1 Vendor Strategy
- 20.1.1 Partnerships, Agreements, And Collaborations
- 20.1.2 Expanisons And Product Innovations
- 20.1.3 Market Share Analysis
- 20.1.4 Partnerships, Agreements, And Collaborations
- 20.1.5 Company Analysis Quadrant
- 21 Company Profiles
- 21.1 Ibm
- 21.1.1 Company Overview
- 21.1.2 Solutions And Services Description
- 21.1.3 Recent Developments
- 21.1.4 Analyst View
- 21.2 Palo Alto Networks
- 21.2.1 Company Overview
- 21.2.2 Solutions And Services Description
- 21.2.3 Recent Developments
- 21.2.4 Analyst View
- 21.3 Fujitsu
- 21.3.1 Company Overview
- 21.3.2 Solutions And Services Description
- 21.3.3 Recent Developments
- 21.3.4 Analyst View
- 21.4 Dxc Technology
- 21.4.1 Company Overview
- 21.4.2 Solutions And Services Description
- 21.4.3 Recent Developments
- 21.4.4 Analyst View
- 21.5 Microsoft
- 21.5.1 Company Overview
- 21.5.2 Solutions And Services Description
- 21.5.3 Recent Developments
- 21.5.4 Analyst View
- 21.6 Ntt Data
- 21.6.1 Company Overview
- 21.6.2 Solutions And Services Description
- 21.6.3 Recent Developments
- 21.6.4 Analyst View
- 21.7 Accenture
- 21.7.1 Company Overview
- 21.7.2 Solutions And Services Description
- 21.7.3 Recent Developments
- 21.7.4 Analyst View
- 21.8 Atos
- 21.8.1 Company Overview
- 21.8.2 Solutions And Services Description
- 21.8.3 Recent Developments
- 21.8.4 Analyst View
- 21.9 Wipro
- 21.9.1 Company Overview
- 21.9.2 Solutions And Services Description
- 21.9.3 Recent Developments
- 21.9.4 Analyst View
- 21.10 Infosys
- 21.10.1 Company Overview
- 21.10.2 Solutions And Services Description
- 21.10.3 Recent Developments
- 21.10.4 Analyst View
- 21.11 Other Major Vendors
- 21.11.1 Capgemini
- 21.11.2 Cognizant
- 21.11.3 Hcl Technologies
- 21.11.4 Tcs
- 21.11.5 Tata Communication
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