1. Market Research
  2. > ICT Market Trends
Managed Services Market by Service Type, Vertical, Organization Size, Deployment Type And Region - Global Forecast to 2023

Managed Services Market by Service Type, Vertical, Organization Size, Deployment Type And Region - Global Forecast to 2023

  • October 2018
  • 234 pages
  • ID: 5091916
In this report:
Telecom and IT, BFSI, media and entertainment, and consumer goods and retail are expected to be the major verticals to adopt managed services, with the telecom and IT vertical expected to reach USD ##.## billion by 2023, at a CAGR of ##.##% during the forecast period
North America is expected to account for the highest share of ##.##% in the global managed services market in 2018, growing at a CAGR of ##.##% during the forecast period.

Summary

Table of Contents

Search Inside

Increasing dependence of enterprises on IT infrastructure to improve their business productivity is expected to drive the overall growth of the managed service market
The global managed service market is expected to grow from USD 180.5 billion in 2018 to USD 282.0 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period. The manages services size is driven by various factors, such as the increasing dependence of organizations on IT assets to enhance their business productivity and the need for specialized managed service providers who can offer cost-effective managed services. However, the increasing number of compliances and regulations among different regions can hinder the growth of the market.

The managed encryption segment is expected to grow at the highest CAGR during the forecast period
In recent years, the importance of information security has grown many folds.The rising number of cybercrimes are challenging organizations to upkeep data security, and growing threat landscapes have made it difficult for organizations to manage security considerations by themselves.

To combat with these situations, organizations are taking the help of managed service providers who can provide advanced information protection measures against frauds and security breaches.

The telecom and IT vertical is expected to hold the largest market share during the forecast period
Telecom and IT companies are facing aggressive competition and continuously struggling to retain their existing customers.The increasing use of mobile data services and smartphones has put telecom and IT companies under the pressure to constantly innovate their service offerings and extend the scope of their business model.

Huge amount of personal data managed on smartphones and the growing number of regulatory compliances are forcing the telecom and IT companies to adhere to these rules. Hence, enterprises from this vertical are turning toward managed service providers to secure their data and manage the associated risks.

Asia Pacific (APAC) is expected to record the highest growth rate during the forecast period
APAC is expected to grow at the highest CAGR during the forecast period, due to the increase in demand for cloud-based managed services.Growing economies in countries such as China, Australia and New Zealand, India, and Singapore provide huge opportunities for the adoption of the managed services across different industry verticals.

Meanwhile, North America is projected to hold the largest market size during the forecast period.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the managed services marketplace.
• By company type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By designation: C-level – 35%, D-level – 25%, and Others – 40%
• By region: North America – 40%, Europe – 30%, APAC – 20%, MEA – 5%, and Latin America – 5%

Major vendors offering managed services solutions across the globe include IBM (US), Fujitsu (Japan), Cisco (US), Accenture (Ireland), Atos (France), DXC (US), AT&T (US), Ericsson (Sweden), Cognizant (US), HCL (India), Infosys (India), Huawei (China), (India), Tech Mahindra (India), Capgemini (France), Dimension Data (South Africa), Wipro (India), Unisys (US), GTT Communications (US), Nokia Networks (Finland), Netmagic (India), Rackspace (US), Dataprise (US), Happiest Minds (India), and Cycops (India). The study includes an in-depth competitive analysis of these key players in the managed services market, with their company profiles, recent developments, and key market strategies.

Research coverage
The market study covers the managed services market size across segments.It aims at estimating the market size and the growth potential of this market across different segments, such as service type, organization size, deployment type, vertical, and region.

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall managed services market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Data Center Colocation Market in EMEA - Industry Outlook and Forecast 2018-2023

Data Center Colocation Market in EMEA - Industry Outlook and Forecast 2018-2023

  • $ 3500
  • October 2018

The EMEA data center colocation market is estimated to attract investments worth around $10 billion by 2023, growing at a CAGR of approximately 8% during 2017-2023. The research report offers market size ...

Hyperscale Data Center Market - Global Outlook and Forecast 2018-2023

Hyperscale Data Center Market - Global Outlook and Forecast 2018-2023

  • $ 4000
  • November 2018

The global hyperscale data center market is estimated to generate revenues of over $128 billion by 2023, growing at a CAGR of more than 10% during 2017-2023. The research report also offers market size ...

Financial Accounting Software Market to 2025 - Global Analysis and Forecasts

Financial Accounting Software Market to 2025 - Global Analysis and Forecasts

  • $ 4550
  • December 2018

The global financial accounting software market accounted to US$ 4.36 Bn in 2017 and is expected to grow at a CAGR of 11.7% during the forecast period 2018 – 2025, to account to US$ 10.37 Bn by 2025. ...


ref:plp2018

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on