According to Market Study Report, Managed Services Market provides a comprehensive analysis of the Managed Services Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Managed Services Market. An exclusive data offered in this report is collected by research and industry experts team.
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The Global Managed Services Market is expected to grow from USD 223.0 Billion in 2020 to USD 329.1 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.1% during the forecast period. This report spread across 190 pages, profiling 20 companies and supported with 113 tables and 40 figures are now available in this research.
Top Companies Profiled in the Managed Services Market:
- IBM (US)
- Cisco (US)
- Fujitsu (Japan)
- Accenture (Ireland)
- Atos (France)
- DXC Technology (US)
- AT&T (US)
- Ericsson (Sweden)
- Cognizant (US)
- HCL (India)
- TCS (India)
- Infosys (India)
- Dimension Data (South Africa)
- NTT (Japan)
- GTT Communications (US)
- Happiest Minds Technologies (India)
- Rackspace (US)
- Huawei (China)
- Nokia (Finland)
- CenturyLink (US)
“Small and medium-sized enterprises segment to grow at a higher CAGR during the forecast period”
The IT spending in the SMEs segment is estimated to increase at a high rate. According to a study, the CAGR for IT spend by SMEs in Europe, the Middle East and Africa (EMEA) between 2018 and 2023 is expected to be 3.8%, as compared with 2.7% of the overall market. This rise is expected to give a boost to managed service providers, especially as smaller businesses move to the cloud, automate services, and explore advanced digital technologies.
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“Banking, financial services and insurance vertical to hold the largest market share in 2020 in the managed services market”
The BFSI vertical is a highly regulated vertical with a large number of compliances and regulations. Enterprises are highly charged for violation of these regulations. Hence, to avoid fines enterprises require managed services. Data encryption and secure back up are highly demanded by these enterprises, along with a full range of Backup and Disaster Recovery (BDR) solution, to meet federal compliance regulations.