DUBLIN--(BUSINESS WIRE)--The "Global IT Managed Services - Market Size, Demand, Opportunity & Growth Outlook 2023" report has been added to Research and Markets' offering.
Global IT managed services market is expected to expand at a CAGR of 8.38% during the forecast period of 2016-2023
Further, the global IT managed services market was valued at USD 149.4 Billion in 2016. The market growth will be driven by expansion of IT industry and enhanced connectivity infrastructure.
The growing connectivity between businesses and consumers through various platforms further is one of the major growth drivers creating huge demand for managed services to utilize the IT resources efficiently. The recent wave of network enhancements (e.g. LTE deployments, small cell networks) and deployment of advanced connectivity systems in corporations are providing ease to the businesses to manage the services. Further, these technological advancements in internet connectivity are the major growth driver for the IT managed services. Additionally, the complexities in corporate organization are also increasing as the new technologies and new business processes came into existence. Further, to overcome the barriers of complexities, corporations are shifting towards IT managed services for cost reduction.
Rapid growth in IT industry across the globe is the key growth driver of global IT managed services market. Advancement in well-established IT companies and emergence of large scale IT companies in growing nations are adopting business process automation to operate efficiently. Moreover, the IT companies are deploying various managed services for data management, network management and others to increase their efficiency. These factors are propelling the growth of global IT managed services market.
Increasing demand for IT managed services and solutions in healthcare and medical sector on the back of increasing IT healthcare across the globe is expected to drive the growth of IT managed service industry
However, privacy and safety concerns along with rising hacking incidents and less trust on application based services among the population are some of the major factors which are restraining the market growth of IT managed services globally. Further, high cost of advanced infrastructure to managed services in various corporations is hindering the growth of IT managed services market.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Risk Analysis
4. Global IT Managed Services Market Size and Forecast, 2016-2023
5. Market Dynamics & Its Impact Analysis
6. Global IT Managed Services Market Segmentation Analysis
7. Porter's Five Force Model Analysis
8. Competitive Landscape
- Alcatel Lucent
- Cisco Systems Inc.
- Dell Technologies
- Hewlett Packard Enterprise
- IBM Corporation
- Microsoft Corporation
- Siemens Corporation
For more information about this report visit https://www.researchandmarkets.com/research/z94qvr/global_it_managed