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Managed Services Market by Service Type, Deployment Type, Organization Size, Vertical, and Region - Global forecast to 2022

Managed Services Market: Global forecast until 2022

  • August 2017
  • 191 pages
  • ID: 5091916
In this report:
North America is expected to account for the largest share of ##.##% in the global managed services market in 2017 and projected to grow at a CAGR of ##.##% during the forecast period.
Telecom and IT, BFSI, and media and entertainment are expected to be the major verticals that have adopted the managed services with the telecom and IT vertical expected to reach the market size of USD ##.## billion by 2022, at a CAGR of ##.##% from 2017 to 2022.

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"Increasing IT infrastructure and increasing number of compliances are driving the managed services market."

The managed services market size is forecasted to grow from ~$152.4B in 2017 to ~$257.8B by 2022, at a CAGR of 11.10 percent. The growing complexity of IT operations has forced enterprises to optimize their current infrastructure with the help of managed services. Managed services allow companies to focus on their core business by managing their non-core activities. With growing complexities of technology solutions, most of the firms are looking for better solutions to automate or outsource the non-core parameters of a product life cycle. Managed service providers empower firms by managing their infrastructure effectively to improve efficiency and productivity. To manage the increasing number of compliances, firms are partnering with the relevant managed service providers to remove regulatory compliance overheads. The managed service providers implement dynamic monitoring and reporting tools that reduce risks and prepare institutions for compliance audits and assessments.

"Managed data center services segment is forecasted to have the biggest industry size in the managed services market."

Companies across the world are facing challenges to effectively manage the exponentially rising data volume. The growing data volume has facilitated the increase of data centers across the globe. This has further encouraged enterprises to take managed services to effectively manage their data center operations; further accounting operated data center services for the biggest market share in the sector. The managed data center services provided by managed service providers comprises services for server management and data storage and backup. Managed data center service providers take responsibility to proactively manage on-premise or cloud data center infrastructures.

"The cloud deployment type for managed services is anticipated to rise at the highest CAGR (Compound annual growth rate) during the outlook period."

The cloud-based technology is the quickest-increasing deployment type in the managed services market and is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period between 2017 and 2022. IT budget constraints for installation and implementation of required hardware and software, limited IT support to manage and support managed services, and need for greater scalability are top factors that are likely to drive the adoption of cloud operated services in the next years. The cloud-based deployment model affords higher agility than the on-premises deployment model.

"Asia Pacific (APAC) is anticipated to be the fastest growing area in this industry during the outlook period."

The APAC area is forecast to experience extensive increase opportunities in the next few years in the area of managed services, following which, the area is forecast to grow at the maximum growth rate. Increased adoption of IT infrastructure by the enterprises in the developing countries is one of the driving factor facilitating the managed service market increase rate. Furthermore, increasing startup ecosystem in the area has added to the managed services market rise.

Managed service providers empower the startup and SMEs by catering to their IT infrastructure needs as they lack in CAPEX and in-house capabilities.

Government and BFSI institutions are emphasizing on going digital to improve their operational efficiency. Adoption of the digital mode by these verticals has leveraged the managed service providers in the territory, thereby contributing to the high increase of the managed services market.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with the top people. The breakup of the profile of the primary participants is like:

• By Organization: Tier 1 - 37.0 percent, Tier 2 - 47.0 percent, and Tier 3 - 16.0 percent

• By Description: C-suite - 46.0 percent, D-level - 36.0 percent, and Grade of manager - 18.0 percent

• By Area: North America continent - 26.0 percent, Europe (EU) - 30.0 percent, Asia-Pac - 22.0 percent, South America region - 13.0 percent, and Middle East (ME) & African continent - 09.0 percent

The managed services ecosystem comprises service providers including IBM (NYSE:IBM), Cisco Systems (NASDAQ:CSCO), Accenture, Fujitsu (TYO:6702), Atos, Tata Consultancy Services, Wipro, Huawei, HCL, Ericsson (NASDAQ:ERIC), Nokia Networks, DXC Technology, Dimension Data, Unisys, and Netmagic.

Segment Research

The study includes detailed competitive review of the main actors in the managed services market, with their company descriptions, recent evolutions, and key industries strategies. The research document breaks down the managed services market by service types, deployment type, organization size, vertical, and area.

Reasons to Buy the Report

The managed services market has been broken down by service type, deployment type, organization size, vertical, and area. The analysis will facilitate industry top players/new sector entrants in this sector in these ways:

1. The document breaks down the managed services market comprehensively and offers the best approximations of the revenue data for the global market and sub-segments. The industry numbers are further split across several verticals and localities.

2. The market research benefits the partners to apprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report benefits partners to comprehend the players better and acquire additional insights to improve the position of their businesses. There is a separate division on opposing landscape, including competitor ecosystem, and mergers and acquisitions. Also, there is MicroQuadrant of 25 actors who offer services in the managed services market. In this part, industry internals are also provided that can put the partners ahead of their players.

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