Research Nester has recently announced new market demand assessment research titled “Global IT Managed Service Market – Global Demand Analysis & Opportunity Outlook 2023”. The market study provides a granular data and in-depth analysis on the current and future market situations that are crucial for the existing & new players in the market. The industry research is based on key factors like demand & supply analysis, commercial activities, research investments, pricing analysis, government initiatives & guidelines, driving forces in the market, roadblocks and segmentation based on the product viability.
Global managed services market is anticipated to expand from USD 129 Billion in 2014 to USD 230 Billion by 2021, showcasing a compound annual growth rate (CAGR) of 8.61%. Geographically, global IT managed services market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific and Rest of world.
By Types of Services
Based on type of services offered, global IT managed services market is segmented into data centre and network management, desktop management services, server management services, IMAC services, IT maintenance services and IT hardware support services.
- By Type of Service Consumers
On the basis of type of service consumers, global IT managed services market is segmented as Small and Medium Businesses (SMB) and large enterprises.
- By Verticals
Global IT managed services market is divided on the basis of verticals into BFSI (Banking, Financial Services and Insurance), oil and gas, education, manufacturing, logistics, healthcare, retail and others.
Growth Drivers and challenges
Increasing penetration of cloud computing, big data, and mobility technologies across various industry verticals is believed to be a prominent growth driver of global IT managed services market in near future.
In addition to that, rising inclination of IT companies towards enhancing business efficiency and customer satisfaction is also expected to foster global IT managed services market in future.
However, security and privacy concerns associated with IT managed services are anticipated to restrain the growth of market during 2015-2021.
Market Size and Forecast
North America holds the first rank in global IT managed services market followed by Asia-Pacific region.
North America IT managed service market was valued at USD 51.0 Billion in 2013 and is envisioned to reach at USD 73.0 Billion in 2019, exhibiting a compound annual growth rate (CAGR) of 6.16%. With approximately 33.0% share in 2015, the U.S. is the largest IT managed services market in North America.
Furthermore, Asia-Pacific ICT managed services market is anticipated to reach at USD 70.0 Billion in 2018. Growing number of enterprises in countries such as India, China, Japan and Singapore are likely to drive Asia-Pacific IT managed services market in future.
Currently, U.K. is the largest IT managed services market in Europe which is anticipated to be surpassed by Germany by the end of 2018.
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