Managed Services Market

Managed Services Market Summary

The global managed services market size was estimated at USD 401.15 billion in 2025 and is projected to reach USD 847.41 billion by 2033, growing at a CAGR of 9.9% from 2026 to 2033. Managed services reduce downtime redundancy and provide customized value-added services such as application testing, service catalog building, and expert consultancy.

Multiple monitoring tools and several layers of infrastructure managed by isolated teams contribute to market growth. Furthermore, to streamline infrastructure and reduce costs, enterprises globally are migrating to the cloud platform and adopting managed IT services to optimize their infrastructure costs. Professional and managed services help enterprises compete with this digital transformation faster and more efficiently. Market players are focusing on unveiling innovative managed services for enterprise businesses to acquire a significant share of managed services market.

The companies operating in the managed services industry are establishing strategic partnerships to provide their cloud & infrastructure managed services to the client for increased security & compliance and enhanced business performance. For instance, in April 2023, Sinch, a Microsoft Operator Connect partner, announced a partnership with Synoptek to provide managed and professional services for the Microsoft Teams Phone System, which is integrated with direct routing or Operator Connect. Factors such as improving operational efficiency by focusing more effectively on core competencies, cutting operating expenses, and increasing the use of cloud-based technologies such as automation, IoT, blockchain, and cloud computing are driving market growth.

Managed services involve outsourcing management functions to a third party to advance business operations. The introduction of cloud-based technologies and their technological proliferation have led to managed services. Managed services assist businesses in improving operational efficiency and cutting down on companies' operating expenses. Moreover, an increasing preference for outsourcing management functions to cloud service providers and managed service providers is anticipated to drive the market's growth over the forecast period.

The adoption of cloud services has particularly increased as businesses remain keen on ensuring business scalability. Most companies are renewing their contracts with managed cloud service providers in anticipation of cloud migration becoming more common among enterprises and, in some cases, even gaining traction. Furthermore, businesses and organizations strongly emphasize adopting the latest technologies, such as machine learning and augmented reality, along with their existing IT infrastructure, as part of the efforts to encourage digital transformation.

As cyber threats become more prevalent, organizations are adopting managed security services (MSSs) into their business models. There is an increase in cyber threats in government sectors and enterprises. Thus, forcing managed service providers (MSPs) to develop advanced offerings that can detect and address cyber risks. For instance, in April 2023, Aeries Technology, a consulting and professional services provider, announced the launch of cybersecurity managed services. The new offering includes application security services; data security & privacy; identity & access management; cloud & infrastructure security; governance, risk, & compliance; security operations center services; enterprise security design & implementation; and audit & compliance certifications.

Global Managed Services Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global managed services market report based on solution, managed information service (MIS), deployment, enterprise size, end-use, and region:

• Solution Outlook (Revenue, USD Billion, 2021 - 2033)
• Managed Data Center
• Managed Network
• Managed Mobility
• Managed Infrastructure
• Managed Backup and Recovery
• Managed Communication
• Managed Information
• Managed Security
• Managed Information Service (MIS) Outlook (Revenue, USD Billion, 2021 - 2033)
• Business Process Outsourcing (BPO)
• Business Support Systems
• Project & Portfolio Management
• Others
• Deployment Outlook (Revenue, USD Billion, 2021 - 2033)
• On-premise
• Hosted
• Enterprise Size Outlook (Revenue, USD Billion, 2021 - 2033)
• Large Enterprise
• Small & Medium Enterprises (SME)
• End-use Outlook (Revenue, USD Billion, 2021 - 2033)
• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Media & Entertainment
• Retail
• Others
• Regional Outlook (Revenue, USD Billion, 2021 - 2033)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa

Please note The report will be delivered in 4-8 business days upon order notification. Show more