Managed Services Market Share Current and Future Industry Trends, 2020-2027

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Japan, Japan, Fri, 25 Dec 2020 02:12:41 / Comserve Inc. / — Managed services market accounted for $1,73,850.0 million in 2019 and is predicted to generate a revenue of $4,10,707.9 million by 2027.

Managed services market accounted for $1,73,850.0 million in 2019 and is predicted to generate a revenue of $4,10,707.9 million by 2027.

Managed service providers offer a wide range of services from cybersecurity needs to VoIp solutions, backup recovery and many other services. Managed services help organizations to maintain smooth flow of the operational work and traces work in a detailed manner.
The novel coronavirus pandemic has impacted the global managed services market negatively. Managed services play a crucial role in providing the organization a smooth flow of operational work. With the help of managed services the organization can track business operations and flow of the work in the organization, which is predicted to drive the market during pandemic.

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Adoption of cloud technology in most organizations for their operation flow is predicted to be the major driving factor for the global managed services market. Managed services help to run business processes and operations from anywhere across the globe. Most organizations are focusing more on work from home due to the pandemic across the globe.

Lack of skilled labor is predicted to be the biggest restraint for the global managed services market in the forecast period. Majority of the companies are investing on the other parties to get the services which prove expensive for certain companies.
On the basis of organization size, the managed services market is further classified into small and medium enterprises and large enterprises. Large enterprises sub-segment generated a revenue of $1,02,417.3 million in 2019 and is predicted to grow by generating a revenue of $2,25,543.3 million by 2027. Small and medium enterprises sub-segment generated a revenue of $ 71,432.7 million in 2019 and is predicted to grow by generating a revenue of $1,85,222.9 million by 2027.

On the basis of deployment type, the managed services market is classified into cloud and on premise. Cloud sub-segment generated a revenue of $79,929.2 million in 2019 and is predicted to grow by generating a revenue of $2,09,380.9 million by 2027. On-premises type generated a revenue of $93,906.3 million in 2019 and is predicted to grow by generating a revenue of $2,01,352.2 million by 2027.
On the basis of service type, the managed services market is classified into security services, network services, data center and IT infra services, communication and collaboration services, mobility services and information services. Data center and IT infra services generated a revenue of $42,829.4 million in 2019 and is predicted to grow by generating a revenue of $1,06,539.6 million by 2027. Security services generated a revenue of $36,368.9 million in 2019 and is predicted to grow by generating a revenue of $84,256.6 million by 2027

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On the basis of industry vertical, the managed services market is classified into telecom, IT, BFSI, consumer goods and retail, manufacturing, healthcare, education, energy and utilities, media and entertainment and others. IT sub-segment generated a revenue of $ 30,328.8 million in 2019 and is predicted to grow by generating a revenue of $74,140.8 million by 2027. Education sub-segment generated a revenue of $7,433.2 million in 2019 and is predicted to grow by generating a revenue of $20,342.1 million by 2027.
On the basis of region, the managed services market is classified North America, Europe, Asia-Pacific and LAMEA. North America region market generated a revenue of $57,370.5 million in 2019 and is predicted to grow by generating a revenue of $1,27,319.4 million by 2027.Asia-Pacifc region market generated a revenue of $46,939.5 million in 2019 and is predicted to grow by generating a revenue of $1,16,641.0 million by 2027.

The major key player in the global market are IBM Corporation, HCL Technologies, TCS, Atos, AT&T, Cisco Systems, Fujitsu, Ericsson, Accenture and Dimension Data, among others.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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The post Managed Services Market Share Current and Future Industry Trends, 2020-2027 appeared first on Comserveonline.

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The MarketWatch News Department was not involved in the creation of this content.