Managed Services Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2027
                     Managed Services Market Growth Rate, Future Scope, 
Analysis, Business Development and CAGR To 2024
 Global Managed Services Market Research Report: By Service Type (Cloud 
Services, Managed Data Center Services, Managed Security Services, 
Managed Collaboration Services, Managed Mobility Services, Network 
Services and Testing, Others), Organization Size Large Enterprises, SMEs), 
Vertical (BFSI, IT & Telecommunication, Retail & E-commerce, Healthcare, 
Industrial/Manufacturing, Energy & Utilities, Education & Research, 
Others) - Forecast till 2024
Market Snapshot
Market Research Future (MRFR), in its new report on the world 
managed services market 2020 states several factors that can impel the 
market. As per MRFR study, the managed service market is likely to rise at 
16.2% CAGR across the review period. MRFR findings also shows that the 
managed service global market can value at USD 417.1 Bn by 2024. The 
growing utility of managed services across business enterprises to support 
offload IT operations and allow third-party service are creating high need for 
managed service providers (MSPs).
Enterprises are highly focused on core business activities and in the 
development of different strategies. The availability of different managed 
services that offer remediation services, support and maintenance services, 
network management, database management, monitoring services, security 
services, managed contact center services, managed storage, server 
management, disaster recovery, enterprise mobility management, web 
hosting, and application hosting among others.
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Market Segment
The segment study of managed services market is based on service type, vertical, and 
organization size.
The service type based, managed services market segments are managed data center 
services, managed security services, managed collaboration services, cloud services, network 
services and testing, and managed mobility services among others. The cloud services 
segments are cloud brokerage services, cloud service orchestration, and cloud migration 
service among others. Managed data center services segments are change management 
services, and monitoring services among others.
Managed security services segments are threat detection monitoring services, identity and 
access management, incident response services, and vulnerability services among others. 
Managed collaboration services are unified communications and unified contact center among 
others. Managed mobility services segments are application lifecycle management, expense 
management, and mobile device management.
The network services and testing segments are operation services, design services, and 
implementation services among others. Data and Information management and BSS/OSS 
managed service are other segments. The organization size based, managed services market 
are large enterprises and SMEs. The vertical based, the managed services market segments 
are education & research, retail & e-commerce, BFSI, IT & telecommunication, energy & 
utilities, healthcare, industrial/manufacturing, and others.
Regional Analysis
North America managed services market is expected to rise exponentially shows 
MRFR analysis. The world managed services market highest share is likely to be 
backed by North America due to the ease of availability of technical expertise and 
expansion of the IT sector. The market size in North America across the review 
period is expected to increase as key developers of managed services are present 
in high number and they are investing heavily in research and development 
undertakings to introduce innovations with better performance and high reliability. 
These factors are expected to prompt the managed service market in the US. The 
presence of Cisco Systems, Inc., DXC Technologies, and IBM Corporation can aid 
in the expansion of the market. In Europe, the managed service market can owing 
to the high rate of adoption of IoT technology and cloud platform solutions. The 
rising in managed service requirement across the UK and the rest of the EU can 
contribute largely to expansion of Europe managed services market.
Companies Covered
MRFR sorted some notable managed services market players based origin, product line, and 
financial aspects. Regional branches and key developments were other filters used by MRFR to 
enlist key players of the managed services market. They are; Cisco Systems, Inc (US), Amdocs 
Limited (US), Unisys Corporation (US), Accenture (US), Telefonaktiebolaget LM Ericsson 
(Sweden), Atos SE (France), NTT Data Corporation (Japan), Huawei IBM Corporation (US), DXC 
Technology Company (US), Technologies Co. Ltd (China), and Fujitsu (Japan) among others.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of 
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