1. Market Research
  2. > ICT Market Trends
United States Managed Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

United States Managed Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • June 2021
  • 179 pages
  • ID: 6101235
  • Format: PDF
  • Mordor Intelligence LLP
Up to $750 off Until Sep 30th 2021

Summary

Table of Contents

Search Inside

The United States Managed Services Market was valued at USD 44.75 billion in 2020 and is expected to reach USD 72.88 billion at a CAGR of 8.44% during the forecast period 2021 - 2026. Due to the COVID-19 restrictions, the technology companies had to move their infrastructure and databases online abruptly; the managed services market could fill in the gap created by short timelines and resource crunch to maintain business continuity for their clients.

- The United States market is growing due to the changing landscape of IT infrastructure, especially in small and medium enterprises (SMEs), who are continually focusing on outsourcing cybersecurity solutions. For instance, Kpaul Properties Llc, one of the emerging manufacturers and distributors of IT supplies in the US, onboarded Fujitsu to replace a physical server with a virtualized environment. This has reduced the company’s cost by around 15% and delivered 95% uptime.
- According to Solarwinds, in North America, Server and storage hardware, endpoint devices, and networking gear solution offerings dominate in MSP, especially in the US region. Through their managed security offerings may be lacking, most solution providers serve up security point products in the form of network and endpoint hardware and software.
- With the speedy acceleration of modern technology and the need for streamlined IT functions, an increasing number of businesses in the region are finding it best to keep pace with the help of MSP.
- In the region, companies are integrating IT solutions tailored to business needs by providing a full assessment of the IT environment and delivering the solutions needed to solve complex business challenges at every stage of the business lifecycle. For instance, Managed Solution, a US company, integrated technical skillsets and the right resources to discover challenges, diagnose problem areas, and custom design, deliver, and execute a comprehensive technology roadmap based on needs, making customers more secure, compliant and efficient.

Key Market Trends
Deployment on the Cloud is Excepted to Grow Significantly

- Cloud technology is increasingly being used to create new platforms to improve businesses’ digital transformation. However, the application of a multi-cloud environment can be a challenge for multiple enterprises due to their lack of skill and infrastructure. The cloud managed services providers have enabled such businesses to adopt the technology into their processes, with consumption-based pricing models offering easy and affordable scaling.
- Considering the advantages that the cloud offers, businesses seek managed service providers (MSPs) with partnerships with cloud providers (such as Google, AWS, Microsoft, etc.) to choose the right cloud providers to migrate to the cloud and manage cloud services after the transition.
- Companies, such as Cisco, have been leveraging this trend by strategizing partner programs. For instance, Cisco launched a cloud and managed services program (CMSP) to help partners gain customer relevance (i.e., the customer demand for integrated services for the cloud) through valued benefits for delivering Cisco Powered cloud services.
- In addition, businesses are increasingly shifting from on-premise to cloud to boost productivity. They also face the need to enhance and safeguard identity and content management. Cybersecurity attacks are rising in sophistication, and a shortage of skills means that many companies are struggling to manage security in-house. Owing to these factors, businesses are increasingly relying on the expertise of third-party cloud-based security and infrastructure providers.
- Similarly, companies need timely and targeted analytics on existing data; many rely on a stream of insights based on data mining, exploration, and prediction. Therefore, shifting the data on the cloud from legacy databases benefits the companies to streamline their operations and modernizing companies’ data platforms.

Demand from BFSI segment is Expected to Witness Significant Growth

- Securing information and managing data integrity are the prime challenges for organizations in the United States. With new and emerging threats, financial institutions are seeking banking infrastructure and technology services that protect sensitive data with robust security solutions and protect them from future threats, risks, and vulnerabilities.
- Thus, it is evident that BFSI is emerging as the most rapidly transforming area in adopting innovative digital solutions that are beneficial to both banks and financial institutions and their customers.
- Many organizations increasingly see outsourcing as an indispensable way to drive new developments into the enterprise. Also, it is becoming a means of potentially attaining and maintaining a competitive advantage, which has provided support for the growth of managed services in the BFSI sector.
- Moreover, banks and financial institutions strive to deliver elevated customer experiences, drive real-time payments, optimize risk management, and meet financial regulations. They reach out to managed service providers to provide them with agile and versatile solutions.
- The United States is gearing up on instant payment system infrastructures such as RTP, which offers speed of payment, ubiquity, extensive data exchange, real-time messaging, and 24/7/365 availability. With the help of these capabilities, real-time payments can help improve cash flow, operational efficiencies, customer engagement, data transparency, and accuracy. For instance, according to Federal Deposit Insurance Corporation, RTP deposit reach by the state in the first quarter of 2021 showed South Dakota covering 81-100% of domestic deposits at all branches in the state.

Competitive Landscape
The United States managed services market is consolidated, and major players dominate it. Some of the major players in the market are Cisco Systems Inc.?, IBM Corporation, Microsoft Corporation, and Fujitsu Ltd.

- January 2021 - Expereo was certified as an Advanced partner of Cisco’s Cloud and Managed Services Program (CMSP). The certification accredits Expereo as an expert Managed Service Provider (MSP) and attests to the company’s capabilities of supporting customers throughout the whole network implementation journey, from design transition to management of SD-WAN.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

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
10% Off

$4250

  • 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.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad 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 [email protected] 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 - [email protected] 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

Enterprise Collaboration Market by Component, Deployment Type, Organization Size, End-User And Region - Global Forecast to 2026

  • $ 4950
  • July 2021
  • 335 pages

The global enterprise collaboration market size is expected to grow from USD 47.2 billion in 2021 to USD 85.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12.7% during the forecast period. ...

  • World
  • North America
  • ICT
  • Cloud Computing
  • Industry analysis
  • Internet Penetration
  • Gross Domestic Product

ref:plp2021

Reportlinker.com © Copyright 2021. 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