Global Managed Services Market Trends 2023| Industry Size, Share, Demand, Growth and Research Report 2028
The latest research study “Managed Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global managed services market size reached US$ 261.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 427.7 Billion by 2028, exhibiting a CAGR of 8.35% during 2023-2028.
What is Managed Services?
managed services refer to applications, services, or ecosystems on the cloud that are managed by a third-party organization, partially or completely, to handle several business activities. They can be of numerous types, including network services, infrastructure services, security services, infrastructure services, mobility services, communication and collaboration services, etc. Cloud managed services facilitate optimization, security, migration, configuration, and maintenance. They aid in creating innovative strategies, ensuring transparency, automating business processes, enabling organizations to enlarge capabilities, and transforming information technology or IT systems. Consequently, cloud managed services find widespread utilization across various sectors, such as manufacturing, healthcare, information technology (IT), telecommunication, banking, financial services and insurance (BFSI), etc.
What Are The Key Factors Driving The Global Managed Services Market?
The expanding banking industry across the globe that require efficient solutions for enhancing data security and customer experiences, streamlining daily operations, securing payment processes, reducing fraudulent risks, improving regulatory compliances, etc., is among the key factors driving the cloud managed services market.
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In addition to this, the increasing integration of artificial intelligence (AI) and machine learning (ML) technologies with the services to allow smart monitoring for decreasing error rates and providing the efficiency of processes are further bolstering the market growth. Apart from this, the shifting preferences toward cloud-managed services among large enterprises to efficiently manage multi-cloud and complex strategies with diverse operations are acting as significant growth-inducing factors. Moreover, the growing digitization in the healthcare industry, the inflating investments in research and development (R&D) activities, and the escalating need for these services in the retail segment to minimize infrastructure, storage, and computing costs and provide real-time access to inventory and operational data are expected to augment the cloud managed services market in the coming years.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
- Top Wear
- Bottom Wear
- Others
Breakup by Mode of Sale:
- Retail Stores
- Supermarkets
- Brand Outlets
- Discount Stores
- Online Stores
Breakup by End User:
- Men
- Women
- Kids
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Competitive Scenario with Key Players:
- being Accenture plc [NYSE: ACN]
- AT&T Inc.[NYSE: T]
- Capgemini SE[OTCMKTS: CGEMY]
- Cisco Systems Inc.[NASDAQ: CSCO]
- Dell Technologies Inc.
- Fujitsu Limited[OTCMKTS: FJTSY]
- Infosys Limited[NYSE: INFY]
- International Business Machines Corporation[NYSE: IBM]
- Nokia Corporation[NYSE: NOK]
- Rackspace Technology Inc.[NASDAQ: RXT]
- Tata Consultancy Services Limited [NSE: TCS]
- Telefonaktiebolaget LM Ericsson [NASDAQ: ERIC]
- Verizon Communications Inc.[NYSE: VZ]
- and Wipro Limited.[NYSE: WIT]
Browse Other Industry Report
Global Gamification Market Report- https://www.imarcgroup.com/gamification-market
Global Cloud Storage Market Report- https://www.imarcgroup.com/cloud-storage-market
Global Managed Application Services Market Report- https://www.imarcgroup.com/managed-application-services-market
Click Here to View Detailed Information with Table of Content: https://www.imarcgroup.com/managed-services-market
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse More Industry Research Report-
Global Gamification Market Report- https://www.imarcgroup.com/gamification-market
Global Cloud Storage Market Report- https://www.imarcgroup.com/cloud-storage-market
Global Managed Application Services Market Report- https://www.imarcgroup.com/managed-application-services-market
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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