Managed Services Market Highlights:
Managed Services is described as proactive management of information technology (IT) asset or object, by a third party. Usually, this third party is known as the managed service provider (MSP), and it manages the IT asset on behalf of the end-user. The end-user remains the owner of IT asset despite the MSP managing it. The global managed services market report, as published by Market Research Future (MRFR), claims that this market could see a boost at 11% CAGR between 2016 and 2022. The market has the potential to climb up to USD 245 Bn by the end of the forecast period.
Prominent market driving factors for the managed markets definition include continuous upsurge in dependency over heterogeneous networks, rise in digital information, increasing cybercrimes, the need to secure digital information, flexibility to match custom requirements, increasing trend of bring your own devices (BYOD), and persistent rise in the complexity of technological solutions.
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Major Key Players:
Major players in the global managed services market include Accenture PLC (Republic of Ireland), AT&T Inc. (USA), Cisco Systems Inc. (USA), Checkpoint Software Technologies Limited (USA), Computer Science Corporation (USA), Fortinet Inc. (USA), IBM Corporation (USA), Intel Corporation (USA), Symantec Corporation (USA), and Trustwave Holdings Inc. (USA).
The global managed services market has been analyzed on the basis of a segmentation by MRFR. The segmentation includes deployment, end-users, and type.
The deployment-based segmentation of this market covers on-cloud deployment and on-premise deployment. Regarding end-users, the market has been segmented into small & medium enterprises (SME) and large enterprises. By type, the market has been segmented into communication & information, data center, infrastructure, mobility, networking, and security.
A region-specific outlining of the global managed services market includes North America, Europe, Asia Pacific, and Rest of the World (RoW).
North America has the largest market share due to the rapid growth of the enterprises, presence of important market players, and fast adoption of new technology. Maximum revenue in this market comes from the USA, Canada, and Mexico. In Europe, the market is strong due to the existence of many technologically advanced countries like France, Germany, and the UK.
During the forecast period, the Asia Pacific region can be the fastest growing country-specific market due to the rapid increase in the number of SMEs and start-up businesses in the region and increasing expenditure on IT services. The strongest IT industry in this region has its roots in China and India. Japan is another technologically advanced country that has the potential of being an important market. They are analyzing the experience and behavior of the customer.
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Latest Industry News:
• Accountancy firm Mazars has outsourced the IT operations of the managed services of its Leeds office to Yorkshire-based Jungle IT. Through this project, Jungle IT looks forward to rapidly expand their managed services, offering them to SMEs throughout Europe. 22 JUL 2019
• Software-defined Secure Access solutions provider Pulse Secure has decided to expand its MSP operations for which, it has acquired the membership of MSPAlliance. MSPAlliance is the oldest managed services group that accredits and sets standards for the managed services provider industry. Pulse Secure aims to provide its partners, cost-effective, secure access services. Throw its Access Now program, Pulse Secure is going to work with many and Cloud Service Providers (CSPs) and Managed Security Service Providers (MSSPs) to enable Secure Access as a service. 1 AUG 2019
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