Managed Services Presents a $1.02 Trillion Global Market Opportunity by 2035 - IT Infrastructure Services Lead, but Network Services Set for Rapid Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Managed Services Market, Till 2035: Distribution by Type of Service, Type of Deployment, Type of Enterprise, Type of Vertical, and Geographical Regions: Industry Trends and Global Forecasts" has been added to ResearchAndMarkets.com's offering.

The global managed services market is poised for substantial growth, with its size predicted to soar from USD 323.8 billion this year to USD 1.02 trillion by 2035, reflecting a Compound Annual Growth Rate (CAGR) of 11.1% during the forecast period. This astronomical increase is catalyzed by digital transformation and evolving information technology landscapes that amplify the necessity for efficient managed services.

Managed Services Market: Growth and Trends

The market is navigating a rapidly changing IT infrastructure environment, with enterprises increasingly leaning toward cloud computing solutions to optimize operations and enhance competitive edge. Simultaneously, the demand for business continuity and application management services is burgeoning. Businesses are leveraging managed services to enhance operational resilience, especially within dynamically shifting technological ecosystems.

Although obstacles such as cybersecurity threats and regulatory compliance necessities pose challenges, the market's growth is nonetheless buoyed by the escalating demand for IT infrastructure and managed security services aimed at adeptly countering cybersecurity concerns.

Managed Services Market: Key Segments

• By Type of Service: Predominant market segments include managed backup, communication, IT infrastructure, mobility, network services, and security. Managed IT infrastructure currently holds a substantial market share due to the heightened need for dependable infrastructure management. Yet, the managed network service segment is anticipated to outpace others in growth, driven by the burgeoning requirement for superior connectivity solutions involving WAN, LAN, and SD-WAN technologies.
• By Type of Deployment: Cloud-based deployments are leading the market due to their scalability and cost-effectiveness. However, on-premises deployments are projected to grow at a faster pace, primarily due to enhanced security advantages.
• By Type of Enterprise: Large enterprises presently claim a majority stake, attributed to their complex organizational structures. Nevertheless, small and medium-sized enterprises are expected to experience robust growth, spurred by the necessity for scalable solutions and managed services best suited for limited internal IT resources.
• By Type of Vertical: In vertical segmentation, BFSI is currently dominant due to the strategic benefits of managed services in these sectors. Yet, the IT and telecommunications sector is set for rapid growth through the forecast period, stimulated by a crucial need for IT infrastructure aligned with swift technological advancements.
• By Geographical Regions: North America holds the largest share, but Asia is projected for the highest growth rate, fueled by economic development and digital transformation efforts in nations like China, India, and South Korea.

Managed Services Market: Research Coverage

• Market Sizing and Opportunity Analysis: Extensive scrutiny of the market across key segments, affording a panoramic view of growth opportunities.
• Competitive Landscape: Insightful analysis of players based on size, establishment year, and operational headquarters.
• Megatrends and Patent Analysis: Exploration of ongoing industry trends and patent filings.
• Porter's Five Forces and SWOT Analysis: Analysis of competitive pressures and strategic strength and weakness factors.
• Value Chain Analysis: Detailed examination of the market value chain and pivotal stakeholders.

Essential Insights and Reasons to Buy

• In-depth revenue forecasts that aid in strategic decision-making.
• Enhanced understanding of competitive dynamics for market positioning.
• Key drivers and challenges analysis for holistic market insight.

Additional Advantages

• Free Excel Data Packs for all analytical sections.
• Complimentary content customization and report walkthrough session.

Key Attributes

Report Attribute	Details
No. of Pages	168
Forecast Period	2025-2035
Estimated Market Value (USD) in 2025	$323.8 Billion
Forecasted Market Value (USD) by 2035	$1.02 Trillion
Compound Annual Growth Rate	11.1%
Regions Covered	Global

A selection of companies mentioned in this report includes, but is not limited to:

• Applied Material
• AU Optronics
• BOE Technology
• Corning Incorporated
• Accenture
• Amazon
• AT&T
• Atos
• Broadcom
• Capgemini
• Cisco
• Digital Reality
• Dimension Data
• DXC
• DXC
• Fujitsu
• GTT
• HCL
• IBM
• Infosys
• Microsoft
• NITT DATA
• Rackspace
• ScalPad Software
• Tata Communication Services
• Telefonaktiebolaget

For more information about this report visit https://www.researchandmarkets.com/r/mv6fds

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