Managed Service Market Report: Trends, Forecast and Competitive Analysis to 2030

Managed Service Trends and Forecast

The future of the global managed service market looks promising with opportunities in the telecom, IT, BFSI, consumer goods and retail, manufacturing, healthcare, education, energy & utilities, and media & entertainment sectors. The global managed service market is expected to reach an estimated $433.9 billion by 2030 with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are growing use of cloud-managed services, augmenting trend of remote work culture, and increasing preference for BYOD (bring your own device) among enterprises.

A more than 150-page report is developed to help in your business decisions.

Managed Service by Segment

The study includes a forecast for the global managed service by service, deployment type, organization size, end use industry, and region.

Managed Service Market by Service [Shipment Analysis by Value from 2018 to 2030]:

• Security Services
• Network Services
• Data Center and IT Infra Services
• Communication and Collaboration Services
• Mobility Services
• Information Services

Managed Service Market by Deployment Type [Shipment Analysis by Value from 2018 to 2030]:

• Cloud
• On-Premise

Managed Service Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:

• SME
• Large Enterprise

Managed Service Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Telecom
• IT
• BFSI
• Consumer Goods and Retail
• Manufacturing
• Healthcare
• Education
• Energy and Utilities
• Media and Entertainment
• Others

Managed Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Managed Service Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies managed service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the managed service companies profiled in this report include-

• IBM
• Dimension Data
• HCL
• Accenture
• AT&T
• Atos
• TCS
• Ericsson
• Cisco
• Fujitsu

Managed Service Market Insights

Lucintel forecasts that security is expected to witness highest growth over the forecast period due to increasing significance of data privacy and maintain security posture in orgnisations.

North America is expected to witness highest growth over the forecast period due to rapid industrialization, rising demand for outsourcing IT services, and presence of key players in the region.

Features of the Global Managed Service Market

Market Size Estimates: Managed service market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Managed service market by various segments, such as by service, deployment type, organization size, end use industry and region in terms of($B).

Regional Analysis: Managed service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different services, deployment types, organization sizes, end use industries, and region.s for the managed service market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the managed service market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the managed service market size?

Answer: The global managed service market is expected to reach an estimated $433.9 billion by 2030.

Q.2. What is the growth forecast for managed service market?

Answer: The global managed service market is expected to grow with a CAGR of 7.0% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the managed service market?

Answer: The major drivers for this market are growing use of cloud-managed services, augmenting trend of remote work culture, and increasing preference for BYOD (bring your own device) among enterprises.

Q.4. What are the major segments for managed service market?

Answer: The future of the managed service market looks promising with opportunities in the telecom, IT, BFSI, consumer goods and retail, manufacturing, healthcare, education, energy & utilities, and media & entertainment sectors.

Q.5. Who are the key managed service market companies?

Answer: Some of the key managed service companies are as follows:

• IBM
• Dimension Data
• HCL
• Accenture
• AT&T
• Atos
• TCS
• Ericsson
• Cisco
• Fujitsu

Q.6. Which managed service market segment will be the largest in future?

Answer: Lucintel forecasts that security is expected to witness highest growth over the forecast period due to increasing significance of data privacy and maintain security posture in orgnisations.

Q.7. In managed service market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rapid industrialization, rising demand for outsourcing IT services, and presence of key players in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the managed service market by service (security services, network services, data center and IT infra services,communication and collaboration services, mobility services, and information services), deployment type (cloud and on-premise), organization size (SME and large enterprise), end use industry (telecom, IT, BFSI, consumer goods and retail, manufacturing, healthcare, education, energy and utilities, media & entertainment, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?