Managed Services Market Scenario:
The global managed services market is growing with the rapid pace due to the rise in digital information, the need to secure it, increasing trend of bring the devices, continuous upsurge in dependency over heterogeneous networks, persistent rise in the complexity of technological solutions and others which are propelling the managed services market. According to a recent study report published by the Market Research Future, The global market of managed services is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
The global Managed Services Market is driven by increasing need for advanced threat protection for the rise in cyber security attacks, cost-effective solution for the organization to outsource their security and others are few factors which are propelling the growth of Managed Services market to the large extent. On the other hand, the increased complexity in network infrastructure and the complexities in data management is the factors hindering the growth of Managed Services market.
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The notable players operating in the global managed services market include Accenture PLC (Republic of Ireland), Symantec Corporation (U.S.), Checkpoint Software Technologies Limited (U.S.), Intel Corporation (U.S.), Computer Science Corporation (U.S.), Cisco Systems, Inc (U.S.), AT&T Inc (U.S), Trustwave Holdings, Inc (U.S.), Fortinet, Inc (U.S.), and IBM Corporation (U.S.).
The global managed services market has been segmented based on type, end users, and deployment. By type, the market has been segmented into Data Center, Infrastructure, Security, Networking, Mobility, and Communication and Information.
By end-users, the market has been segmented into large enterprises and small & medium enterprises. By deployment, the market has been segmented into on-premise and on-cloud.
Regionally, the global managed services market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is the largest market for managed services. The rapid growth of enterprises in the region and fast uptake of new technology can be attributed for the dominance of North America.
Moreover, the concentration of key players in the region is also a growth driver. Asia Pacific is expected to be the fastest growing market for managed services. The rapid increase in a number of start-ups and SMEs in the region coupled with increasing IT expenditure can be attributed for the growth of the Asia Pacific market.
- In October 2018, HCL Technologies announced a five-year managed services deal with TransGrid, a high voltage transmission network provider for the state of New South Wales.
- In October 2018, Optus Business, global cybersecurity experts, launched three new features and an update to its existing services under its portfolio of managed services. Optus Go now includes solutions for contact center in addition to improvements for its existing collaboration and cloud solutions.
- In October 2018, SoftwareONE, a leader in platform, solutions, and services, announced that ISI Expert, a managed services and infrastructure provider, will be acquired by the company. The acquisition will extend the SoftwareONE managed services portfolio in France.
- Managed services Manufacturers
- Research firms
- Consultancy firms
- Software Developers
- Semiconductor Manufacturers
- End-user sectors
- Research organizations
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
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List of Tables
Table 1 Global Managed Services market, By Type
Table 2 Global Managed Services market, By End-Users
Table 3 Global Managed Services market, By Deployment
List of Figures
Figure 1 Research End-Users
Figure 2 Global Managed Services Market, By Type (%)
Figure 3 Global Managed Services Market, By End-Users (%)
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