Global IT Managed Services Market Growth (Status and Outlook) 2025-2031

The global IT Managed Services market size is predicted to grow from US$ 277370 million in 2025 to US$ 460530 million in 2031; it is expected to grow at a CAGR of 8.8% from 2025 to 2031.

IT Managed services are the practice of outsourcing the responsibility for maintaining, and anticipating need for, a range of processes and functions in order to improve operations and cut expenses. It is an alternative to the break/fix or on-demand outsourcing model where the service provider performs on-demand services and bills the customer only for the work done.

North America remains the biggest IT Managed Services market in the world, with a share of nearly 50 percent, followed by Europe with about 30%.

IT Managed Services Market Drivers

The IT managed services market is experiencing rapid growth, driven by a confluence of factors that reflect the broader transformation of the digital landscape. A key driver is the increasing complexity of IT infrastructure, which has prompted organizations to seek external expertise to manage their IT environments. As businesses increasingly rely on technology for their operations, the need for specialized, around-the-clock support has become critical.

Cost savings is another significant driver. By outsourcing IT functions to managed service providers (MSPs), companies can reduce labor costs, minimize capital expenditures, and shift to an operational expenditure model. This allows businesses to maintain a leaner IT budget while accessing the latest technologies and expertise without the need for significant upfront investment.

The rise of cloud computing has also fueled the demand for managed services. With more businesses migrating to the cloud, they require MSPs to manage and optimize their cloud resources. MSPs can offer the necessary skills to navigate complex cloud environments, ensuring that businesses can leverage the full benefits of cloud computing, such as scalability and flexibility.

LPI (LP Information)' newest research report, the “IT Managed Services Industry Forecast” looks at past sales and reviews total world IT Managed Services sales in 2024, providing a comprehensive analysis by region and market sector of projected IT Managed Services sales for 2025 through 2031. With IT Managed Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IT Managed Services industry.

This Insight Report provides a comprehensive analysis of the global IT Managed Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on IT Managed Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IT Managed Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IT Managed Services and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IT Managed Services.

This report presents a comprehensive overview, market shares, and growth opportunities of IT Managed Services market by product type, application, key players and key regions and countries.

Segmentation by Type:
Cloud-Based
On-Premise

Segmentation by Application:
BFSI
Retail
Logistics
Healthcare and Lifesciences
Government
IT and Telecom
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
Accenture
Cognizant
Rackspace
SAS Institute
Presidio
CenturyLink
Unisys
Sapiens
Cisco
Marco Technologies
Jade Global
Dell EMC
DXC Technology

Please note: The report will take approximately 2 business days to prepare and deliver.