Global IT Managed Services Market Report by Product, by Distribution Channel, by Gender, & by Region with Forecast 2017-2030

IT Managed Services Market  Overview

IT managed services are the services provided by the third party to provide support and innovative solutions for managing and monitoring IT infrastructure and networks. Services include cloud computing, data storage, improving efficiency and handling customers IT work. It also helps the organization by providing time efficient and productive working model for better operational efficiency. Implementation of IT managed services reduces the IT cost considerably, improves organizational flexibility and provides technical advantage for better client and customer services. The IT managed services can be determined on the basis of key end users like banking & finance, education, healthcare, manufacturing, energy industry etc. Penetration of big data, cloud computing providing efficient business models significantly accelerated the need and growth of IT managed services. High tractions of private cloud based service in small enterprises also impelled the growth of IT managed services market. However, data privacy and security concerns might restrain the market’s growth, as the reliability of a managed service provider might not be examined properly.

 Market Size and Forecast 

Global managed IT services market is expected to expand at a CAGR of 9.4% during the forecast period of 2017-2030. Further, the global IT managed services market was valued at USD 145.3 billion and the market is projected to reach USD 249.4 billion by the end of 2030. Global managed IT services market is majorly driven by expansion of IT industry and enhanced connectivity technologies.

Geographically, North America accounted for the highest revenue share in global IT managed services market in 2017 and further market is expected to expand at a CAGR of 3.6% over the forecast period owing to technological advancements in IT resources and enhanced infrastructure in IT management. Asia Pacific is expected to be the fastest growing IT managed services market during forecast period owing to rapid adoption of new technologies in fastest growing economies and developed countries such as Japan, Korea, China and India among others.

IT Managed Services Market Segmentation

By Services Type

• Data Center & Network Management Services

• Desktop Management Services

• Server Management Services

• Install, Move, Add, Change (IMAC) Services

• IT Maintenance Services

• IT Hardware Support Services

By End Users

• BFSI (banking, Finance Services And Insurance)

• Manufacturing Sector

• Telecom and IT Sector

• Education Sector

• Healthcare Sector

• Aerospace and Defense

• Others (Retail, Logistics etc.)

By Geography

• North America (US, Canada) {Market Share (%), Market Size (USD Billion)}

• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}

• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion) }

• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion) }

• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion) }

• Rest of the World{Market Share (%), Market Size (USD Billion) }

Drivers and Challenges to Market Growth

Advancement in technology and services like cloud computing, big data, mobility services among others which is providing cost efficiency, flexibility to the enterprises and improved profit margins are the primary key growth drivers for the global IT managed services market. Increasing inclination and adoption of IT managed services by SMEs (Small and Medium Enterprises) also providing pace to the growth of global IT managed service market. Moreover, big market players leveraged their size to expand their market share. Over the past few years companies with revenue more than USD 2 billion have experienced the fastest and huge growth rate in market share. To acquire larger market, these companies leveraged their size, deploying industrialized models across multiple regions that, in turn enabled them to secure larger IT managed services market. For instance, the big market players such as IBM, Accenture, Cap Gemini and CSC have successfully developed industrialized delivery centers across multiple geographies, majorly in IT managed services area that are platform based on preconfigured solutions and are highly automated and reliable.

Covered in this Global IT Managed Services Market Report      

The report covers the present ground scenario and the future growth prospects of the Global IT managed services market for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. IT managed services market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

IT managed services market Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in Global  IT managed services market space. The report also includes porter’s five force model, SWOT analysis, corporate profiling, business strategies of market players and their business models. It also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Key Market Players

Our Market Report on IT manged services comprises of the following companies as the key players: 

• Siemens Corporation

• Dell Technologies

• IBM Corporation

• Alcatel Lucent

• Microsoft Corporation

• Cisco Systems Inc.

• Hewlett Packard Enterprise

• Accenture

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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