Managed Services Market, Global Forecast, COVID-19 Impact, Industry Trends, Growth, Opportunity Company Overview, Sales Analysis
Around the world, managed services are becoming increasingly popular with businesses. People are adopting managed services to better organize operate and safeguard their business. The appropriation of managed services entails transferring a higher degree of power to a third party; deciding when and how to adopt them is key. Enterprises and government agencies worldwide migrate from test environments to cloud and compute instances for more of their mission-critical workloads. The need for IT skilled professionals and the high cost of downtime and data loss drive managed services among large enterprises. According to Renub Research, Global Managed Service Market is anticipated to reach US$ 460.6 Billion by 2027.
Furthermore, the demand for data centers is increasing as well as Security Services, Network, Data Center & IT Infra, Communication & Collaboration, Mobility Service, and Information Services has a result of the expanded usage of IoT, Big Data and cloud, analytics as a fundamental part of numerous enterprises digital transformation strategies. This is supporting the expansion of the managed service sector. Cloud adoption is projected to rise as demand grows. Furthermore, security concerns, combined with IT functions to seize control of organizational networks and IT infrastructure, are projected to boost managed services market growth. The Managed Service Market Size is expected to grow with a double-digit CAGR of 17.23% during 2020-2027.
How Managed Services made Growth in COVID-19
The demand for cloud-based solutions has seen robust growth due to remote working models being employed by enterprises. Various industries such as Telecom, IT, Consumer, Manufacturing, BFSI ((Banking, Financial Services and Insurance), Healthcare, and Others have observed a growth in their earnings during 2020. MSPs offer services to enterprises running in such industries. Globally, the IT sector is a significant market for the managed services due to the high rate of various technological adoptions, increased frequency of confirmation of the BYOD policy (Bring your own device), an increased need for high-end security rapidly growing data among the organizations.
Regional Analysis of Managed Services Industry
North America dominated the global managed service market; this is mainly due to major market players who focus on increasing their presence in significant industries. These include telecommunication, medical, finance, and government. The Asia Pacific is expected to increase significantly during the forecast period. Growing investment in SMEs by emerging nations such as China and India is likely to drive the demand for managed services market. As per this research report, Worldwide Managed Service Industry was US$ 151.4 Billion in 2020.
Company Analysis
The large tech companies such as Accenture, Broadcom, Cisco, AT&T Inc., Lenovo Group give managed computing services to companies of all sizes around the world. In 2021, Masergy Wraps Cisco Webex into Managed Services.
Renub Research latest report “Managed Services Market, Global Forecast by Deployment Type (Cloud, On-Premise), Organization (SME,Large), Vertical (Telecom, IT, Consumer, Manufacturing, BFSI, Healthcare, Education,Energy &Utilities,Media & Entertainment and others), Service type (Security Services, Network, Data Center & It Infra, Communication & Collaboration,Mobility Service,and Information Services), Region (North America, Europe, APAC,MEA, Latin America), Companies (Accenture,Broadcom (Symantec Corporation), Cisco,AT&T Inc.,Lenovo Group )” provides a detailed analysis of Managed Service Industry.
Deployment Type - Managed Services Market have been covered from 2 viewpoints:
1. Cloud
2. On-Premise
Organization – Managed Services Market have been covered from 2 viewpoints:
1. SME
2. Large
Vertical –Managed Services Market have been covered from 10 viewpoints:
1. Telecom
2. IT
3. Consumer
4. Manufacturing
5. BFSI (Banking, Financial Services and Insurance)
6. Healthcare
7. Education
8. Energy &Utilities
9. Media & Entertainment
10. Others
Service Type –Managed Services Market have been covered from 6 viewpoints:
1. Security Services
2. Network
3. Data Center & It Infra
4. Communication & Collaboration
5. Mobility Service
6. Information Services
Region – Managed Services Market have been covered from 5 viewpoints:
1. North America
2. Europe
3. APAC (Asia-Pacific)
4. MEA (Middle East and Africa)
5. Latin America
All companies have been covered from 3 viewpoints
1. Accenture
2. Broadcom (Symantec Corporation)
3. Cisco
4. AT&T Inc.
5. Lenovo Group
Furthermore, the demand for data centers is increasing as well as Security Services, Network, Data Center & IT Infra, Communication & Collaboration, Mobility Service, and Information Services has a result of the expanded usage of IoT, Big Data and cloud, analytics as a fundamental part of numerous enterprises digital transformation strategies. This is supporting the expansion of the managed service sector. Cloud adoption is projected to rise as demand grows. Furthermore, security concerns, combined with IT functions to seize control of organizational networks and IT infrastructure, are projected to boost managed services market growth. The Managed Service Market Size is expected to grow with a double-digit CAGR of 17.23% during 2020-2027.
How Managed Services made Growth in COVID-19
The demand for cloud-based solutions has seen robust growth due to remote working models being employed by enterprises. Various industries such as Telecom, IT, Consumer, Manufacturing, BFSI ((Banking, Financial Services and Insurance), Healthcare, and Others have observed a growth in their earnings during 2020. MSPs offer services to enterprises running in such industries. Globally, the IT sector is a significant market for the managed services due to the high rate of various technological adoptions, increased frequency of confirmation of the BYOD policy (Bring your own device), an increased need for high-end security rapidly growing data among the organizations.
Regional Analysis of Managed Services Industry
North America dominated the global managed service market; this is mainly due to major market players who focus on increasing their presence in significant industries. These include telecommunication, medical, finance, and government. The Asia Pacific is expected to increase significantly during the forecast period. Growing investment in SMEs by emerging nations such as China and India is likely to drive the demand for managed services market. As per this research report, Worldwide Managed Service Industry was US$ 151.4 Billion in 2020.
Company Analysis
The large tech companies such as Accenture, Broadcom, Cisco, AT&T Inc., Lenovo Group give managed computing services to companies of all sizes around the world. In 2021, Masergy Wraps Cisco Webex into Managed Services.
Renub Research latest report “Managed Services Market, Global Forecast by Deployment Type (Cloud, On-Premise), Organization (SME,Large), Vertical (Telecom, IT, Consumer, Manufacturing, BFSI, Healthcare, Education,Energy &Utilities,Media & Entertainment and others), Service type (Security Services, Network, Data Center & It Infra, Communication & Collaboration,Mobility Service,and Information Services), Region (North America, Europe, APAC,MEA, Latin America), Companies (Accenture,Broadcom (Symantec Corporation), Cisco,AT&T Inc.,Lenovo Group )” provides a detailed analysis of Managed Service Industry.
Deployment Type - Managed Services Market have been covered from 2 viewpoints:
1. Cloud
2. On-Premise
Organization – Managed Services Market have been covered from 2 viewpoints:
1. SME
2. Large
Vertical –Managed Services Market have been covered from 10 viewpoints:
1. Telecom
2. IT
3. Consumer
4. Manufacturing
5. BFSI (Banking, Financial Services and Insurance)
6. Healthcare
7. Education
8. Energy &Utilities
9. Media & Entertainment
10. Others
Service Type –Managed Services Market have been covered from 6 viewpoints:
1. Security Services
2. Network
3. Data Center & It Infra
4. Communication & Collaboration
5. Mobility Service
6. Information Services
Region – Managed Services Market have been covered from 5 viewpoints:
1. North America
2. Europe
3. APAC (Asia-Pacific)
4. MEA (Middle East and Africa)
5. Latin America
All companies have been covered from 3 viewpoints
- Overview
- Company Initiatives
- Sales Analysis
1. Accenture
2. Broadcom (Symantec Corporation)
3. Cisco
4. AT&T Inc.
5. Lenovo Group
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Growth Drivers
4.2 Challenges
5. MANAGED SERVICES MARKET
6. MARKET SHARE – MANAGED SERVICES MARKET
6.1 By Organization Size
6.2 By Service Type
6.3 By Deployment Type
6.4 By Verticals
6.5 By Region
7. ORGANIZATION SIZE – MANAGED SERVICES MARKET
7.1 SME
7.2 Large
8. SERVICE TYPE - MANAGED SERVICES MARKET
8.1 Security Services
8.2 Network
8.3 Data Center & It Infra
8.4 Commination & Collaboration
8.5 Mobility Service
8.6 Information Services
9. DEPLOYMENT TYPE – MANAGED SERVICES MARKET
9.1 Cloud
9.2 On-Premise
10. VERTICALS - MANAGED SERVICES MARKET
10.1 Telecom
10.2 IT
10.3 BFSI ((Banking, Financial Services and Insurance)
10.4 Consumer Good & Retails
10.5 Manufacturing
10.6 Healthcare
10.7 Education
10.8 Energy & Utilities
10.9 Media & Entertainment
10.10 Others
11. REGION - MANAGED SERVICES MARKET
11.1 North America
11.2 Europe
11.3 APAC (Asia-Pacific)
11.4 MEA (Middle East and Africa)
11.5 Latin America
12. COMPANY ANALYSIS - MANAGED SERVICES MARKET
12.1 AT&T Inc.
12.1.1 Overview
12.1.2 Company Initiatives
12.1.3 Sales Analysis
12.2 Accenture
12.2.1 Overview
12.2.2 Company Initiatives
12.2.3 Sales Analysis
12.3 Cisco
12.3.1 Overview
12.3.2 Company Initiatives
12.3.3 Sales Analysis
12.4 Broadcom
12.4.1 Overview
12.4.2 Company Initiatives
12.4.3 Sales Analysis
12.5 Lenovo Group
12.5.1 Overview
12.5.2 Company Initiatives
12.5.3 Sales Analysis
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Growth Drivers
4.2 Challenges
5. MANAGED SERVICES MARKET
6. MARKET SHARE – MANAGED SERVICES MARKET
6.1 By Organization Size
6.2 By Service Type
6.3 By Deployment Type
6.4 By Verticals
6.5 By Region
7. ORGANIZATION SIZE – MANAGED SERVICES MARKET
7.1 SME
7.2 Large
8. SERVICE TYPE - MANAGED SERVICES MARKET
8.1 Security Services
8.2 Network
8.3 Data Center & It Infra
8.4 Commination & Collaboration
8.5 Mobility Service
8.6 Information Services
9. DEPLOYMENT TYPE – MANAGED SERVICES MARKET
9.1 Cloud
9.2 On-Premise
10. VERTICALS - MANAGED SERVICES MARKET
10.1 Telecom
10.2 IT
10.3 BFSI ((Banking, Financial Services and Insurance)
10.4 Consumer Good & Retails
10.5 Manufacturing
10.6 Healthcare
10.7 Education
10.8 Energy & Utilities
10.9 Media & Entertainment
10.10 Others
11. REGION - MANAGED SERVICES MARKET
11.1 North America
11.2 Europe
11.3 APAC (Asia-Pacific)
11.4 MEA (Middle East and Africa)
11.5 Latin America
12. COMPANY ANALYSIS - MANAGED SERVICES MARKET
12.1 AT&T Inc.
12.1.1 Overview
12.1.2 Company Initiatives
12.1.3 Sales Analysis
12.2 Accenture
12.2.1 Overview
12.2.2 Company Initiatives
12.2.3 Sales Analysis
12.3 Cisco
12.3.1 Overview
12.3.2 Company Initiatives
12.3.3 Sales Analysis
12.4 Broadcom
12.4.1 Overview
12.4.2 Company Initiatives
12.4.3 Sales Analysis
12.5 Lenovo Group
12.5.1 Overview
12.5.2 Company Initiatives
12.5.3 Sales Analysis
LIST OF FIGURES:
Figure-01: Global Managed Services Market (Billion US$), 2017 – 2020
Figure-02: Forecast for – Global Managed Services Market (Billion US$), 2021 – 2027
Figure-03: Organization Size – SME Market (Billion US$), 2017 – 2020
Figure-04: Organization Size – Forecast for SME Market (Billion US$), 2021 – 2027
Figure-05: Organization Size – Large Market (Billion US$), 2017 – 2020
Figure-06: Organization Size – Forecast for Large Market (Billion US$), 2021 – 2027
Figure-07: Service Type – Security Services Market (Million US$), 2017 – 2020
Figure-08: Service Type – Forecast for Security Services Market (Million US$), 2021 – 2027
Figure-09: Service Type – Network Market (Million US$), 2017 – 2020
Figure-10: Service Type – Forecast for Network Market (Million US$), 2021 – 2027
Figure-11: Service Type – Data Center & IT Infra Market (Million US$), 2017 – 2020
Figure-12: Service Type – Forecast for Data Center & IT Infra Market (Million US$), 2021 – 2027
Figure-13: Service Type – Commination & Collaboration Market (Million US$), 2017 – 2020
Figure-14: Service Type – Forecast for Commination & Collaboration Market (Million US$), 2021 – 2027
Figure-15: Service Type – Mobility Service Market (Million US$), 2017 – 2020
Figure-16: Service Type – Forecast for Mobility Service Market (Million US$), 2021 – 2027
Figure-17: Service Type – Information Services Market (Million US$), 2017 – 2020
Figure-18: Service Type – Forecast for Information Services Market (Million US$), 2021 – 2027
Figure-19: Deployment Type – Cloud Market (Billion US$), 2017 – 2020
Figure-20: Deployment Type – Forecast for Cloud Market (Billion US$), 2021 – 2027
Figure-21: Deployment Type – On-Premise Market (Billion US$), 2017 – 2020
Figure-22: Deployment Type – Forecast for On-Premise Market (Billion US$), 2021 – 2027
Figure-23: Verticals – Telecom Market (Million US$), 2017 – 2020
Figure-24: Verticals – Forecast for Telecom Market (Million US$), 2021 – 2027
Figure-25: Verticals – IT Market (Million US$), 2017 – 2020
Figure-26: Verticals – Forecast for IT Market (Million US$), 2021 – 2027
Figure-27: Verticals – BFSI Market (Million US$), 2017 – 2020
Figure-28: Verticals – Forecast for BFSI Market (Million US$), 2021 – 2027
Figure-29: Verticals – Consumer Good & Retails Market (Million US$), 2017 – 2020
Figure-30: Verticals – Forecast for Consumer Good & Retails Market (Million US$), 2021 – 2027
Figure-31: Verticals – Manufacturing Market (Million US$), 2017 – 2020
Figure-32: Verticals – Forecast for Manufacturing Market (Million US$), 2021 – 2027
Figure-33: Verticals – Healthcare Market (Million US$), 2017 – 2020
Figure-34: Verticals – Forecast for Healthcare Market (Million US$), 2021 – 2027
Figure-35: Verticals – Education Market (Million US$), 2017 – 2020
Figure-36: Verticals – Forecast for Education Market (Million US$), 2021 – 2027
Figure-37: Verticals – Energy & Utilities Market (Million US$), 2017 – 2020
Figure-38: Verticals – Forecast for Energy & Utilities Market (Million US$), 2021 – 2027
Figure-39: Verticals – Media & Entertainment Market (Million US$), 2017 – 2020
Figure-40: Verticals – Forecast for Media & Entertainment Market (Million US$), 2021 – 2027
Figure-41: Verticals – Others Market (Million US$), 2017 – 2020
Figure-42: Verticals – Forecast for Others Market (Million US$), 2021 – 2027
Figure-43: North America – Managed Services Market (Million US$), 2017 – 2020
Figure-44: North America – Forecast for Managed Services Market (Million US$), 2021 – 2027
Figure-45: Europe – Managed Services Market (Million US$), 2017 – 2027
Figure-46: Europe – Forecast for Managed Services Market (Million US$), 2021 – 2027
Figure-47: APAC – Managed Services Market (Million US$), 2017 – 2020
Figure-48: APAC – Forecast for Managed Services Market (Million US$), 2021 – 2027
Figure-49: MEA – Managed Services Market (Million US$), 2017 – 2020
Figure-50: MEA – Forecast for Managed Services Market (Million US$), 2021 – 2027
Figure-51: Latin America – Managed Services Market (Million US$), 2017 – 2020
Figure-52: Latin America – Forecast for Managed Services Market (Million US$), 2021 – 2027
Figure-53: AT&T Inc. – Global Revenue (Billion US$), 2017 – 2020
Figure-54: AT&T Inc. – Forecast for Global Revenue (Billion US$), 2021 – 2027
Figure-55: Accenture – Global Revenue (Billion US$), 2017 – 2020
Figure-56: Accenture – Forecast for Global Revenue (Billion US$), 2021 – 2027
Figure-57: Cisco – Global Revenue (Billion US$), 2017 – 2020
Figure-58: Cisco – Forecast for Global Revenue (Billion US$), 2021 – 2027
Figure-59: Broadcom – Global Revenue (Billion US$), 2017 – 2020
Figure-60: Broadcom – Forecast for Global Revenue (Billion US$), 2021 – 2027
Figure-61: Lenovo Group – Global Revenue (Billion US$), 2017 – 2020
Figure-62: Lenovo Group – Forecast for Global Revenue (Billion US$), 2021 – 2027
Figure-01: Global Managed Services Market (Billion US$), 2017 – 2020
Figure-02: Forecast for – Global Managed Services Market (Billion US$), 2021 – 2027
Figure-03: Organization Size – SME Market (Billion US$), 2017 – 2020
Figure-04: Organization Size – Forecast for SME Market (Billion US$), 2021 – 2027
Figure-05: Organization Size – Large Market (Billion US$), 2017 – 2020
Figure-06: Organization Size – Forecast for Large Market (Billion US$), 2021 – 2027
Figure-07: Service Type – Security Services Market (Million US$), 2017 – 2020
Figure-08: Service Type – Forecast for Security Services Market (Million US$), 2021 – 2027
Figure-09: Service Type – Network Market (Million US$), 2017 – 2020
Figure-10: Service Type – Forecast for Network Market (Million US$), 2021 – 2027
Figure-11: Service Type – Data Center & IT Infra Market (Million US$), 2017 – 2020
Figure-12: Service Type – Forecast for Data Center & IT Infra Market (Million US$), 2021 – 2027
Figure-13: Service Type – Commination & Collaboration Market (Million US$), 2017 – 2020
Figure-14: Service Type – Forecast for Commination & Collaboration Market (Million US$), 2021 – 2027
Figure-15: Service Type – Mobility Service Market (Million US$), 2017 – 2020
Figure-16: Service Type – Forecast for Mobility Service Market (Million US$), 2021 – 2027
Figure-17: Service Type – Information Services Market (Million US$), 2017 – 2020
Figure-18: Service Type – Forecast for Information Services Market (Million US$), 2021 – 2027
Figure-19: Deployment Type – Cloud Market (Billion US$), 2017 – 2020
Figure-20: Deployment Type – Forecast for Cloud Market (Billion US$), 2021 – 2027
Figure-21: Deployment Type – On-Premise Market (Billion US$), 2017 – 2020
Figure-22: Deployment Type – Forecast for On-Premise Market (Billion US$), 2021 – 2027
Figure-23: Verticals – Telecom Market (Million US$), 2017 – 2020
Figure-24: Verticals – Forecast for Telecom Market (Million US$), 2021 – 2027
Figure-25: Verticals – IT Market (Million US$), 2017 – 2020
Figure-26: Verticals – Forecast for IT Market (Million US$), 2021 – 2027
Figure-27: Verticals – BFSI Market (Million US$), 2017 – 2020
Figure-28: Verticals – Forecast for BFSI Market (Million US$), 2021 – 2027
Figure-29: Verticals – Consumer Good & Retails Market (Million US$), 2017 – 2020
Figure-30: Verticals – Forecast for Consumer Good & Retails Market (Million US$), 2021 – 2027
Figure-31: Verticals – Manufacturing Market (Million US$), 2017 – 2020
Figure-32: Verticals – Forecast for Manufacturing Market (Million US$), 2021 – 2027
Figure-33: Verticals – Healthcare Market (Million US$), 2017 – 2020
Figure-34: Verticals – Forecast for Healthcare Market (Million US$), 2021 – 2027
Figure-35: Verticals – Education Market (Million US$), 2017 – 2020
Figure-36: Verticals – Forecast for Education Market (Million US$), 2021 – 2027
Figure-37: Verticals – Energy & Utilities Market (Million US$), 2017 – 2020
Figure-38: Verticals – Forecast for Energy & Utilities Market (Million US$), 2021 – 2027
Figure-39: Verticals – Media & Entertainment Market (Million US$), 2017 – 2020
Figure-40: Verticals – Forecast for Media & Entertainment Market (Million US$), 2021 – 2027
Figure-41: Verticals – Others Market (Million US$), 2017 – 2020
Figure-42: Verticals – Forecast for Others Market (Million US$), 2021 – 2027
Figure-43: North America – Managed Services Market (Million US$), 2017 – 2020
Figure-44: North America – Forecast for Managed Services Market (Million US$), 2021 – 2027
Figure-45: Europe – Managed Services Market (Million US$), 2017 – 2027
Figure-46: Europe – Forecast for Managed Services Market (Million US$), 2021 – 2027
Figure-47: APAC – Managed Services Market (Million US$), 2017 – 2020
Figure-48: APAC – Forecast for Managed Services Market (Million US$), 2021 – 2027
Figure-49: MEA – Managed Services Market (Million US$), 2017 – 2020
Figure-50: MEA – Forecast for Managed Services Market (Million US$), 2021 – 2027
Figure-51: Latin America – Managed Services Market (Million US$), 2017 – 2020
Figure-52: Latin America – Forecast for Managed Services Market (Million US$), 2021 – 2027
Figure-53: AT&T Inc. – Global Revenue (Billion US$), 2017 – 2020
Figure-54: AT&T Inc. – Forecast for Global Revenue (Billion US$), 2021 – 2027
Figure-55: Accenture – Global Revenue (Billion US$), 2017 – 2020
Figure-56: Accenture – Forecast for Global Revenue (Billion US$), 2021 – 2027
Figure-57: Cisco – Global Revenue (Billion US$), 2017 – 2020
Figure-58: Cisco – Forecast for Global Revenue (Billion US$), 2021 – 2027
Figure-59: Broadcom – Global Revenue (Billion US$), 2017 – 2020
Figure-60: Broadcom – Forecast for Global Revenue (Billion US$), 2021 – 2027
Figure-61: Lenovo Group – Global Revenue (Billion US$), 2017 – 2020
Figure-62: Lenovo Group – Forecast for Global Revenue (Billion US$), 2021 – 2027
LIST OF TABLES:
Table-01: Global – Managed Services Market Share by Organization Size (Percent), 2017 – 2020
Table-02: Global – Forecast for Managed Services Market Share by Organization Size (Percent), 2021 – 2027
Table-03: Global – Managed Services Market Share by Service Type (Percent), 2017 – 2020
Table-04: Global – Forecast for Managed Services Market Share by Service Type (Percent), 2021 – 2027
Table-05: Global – Managed Services Market Share by Deployment Type (Percent), 2017 – 2020
Table-06: Global – Forecast for Managed Services Market Share by Deployment Type (Percent), 2021 – 2027
Table-07: Global – Managed Services Market Share by Verticals (Percent), 2017 – 2020
Table-08: Global – Forecast for Managed Services Market Share by Verticals (Percent), 2021 – 2027
Table-09: Global – Managed Services Market Share by Region (Percent), 2017 – 2020
Table-10: Global – Forecast for Managed Services Market Share by Region (Percent), 2021 – 2027
Table-01: Global – Managed Services Market Share by Organization Size (Percent), 2017 – 2020
Table-02: Global – Forecast for Managed Services Market Share by Organization Size (Percent), 2021 – 2027
Table-03: Global – Managed Services Market Share by Service Type (Percent), 2017 – 2020
Table-04: Global – Forecast for Managed Services Market Share by Service Type (Percent), 2021 – 2027
Table-05: Global – Managed Services Market Share by Deployment Type (Percent), 2017 – 2020
Table-06: Global – Forecast for Managed Services Market Share by Deployment Type (Percent), 2021 – 2027
Table-07: Global – Managed Services Market Share by Verticals (Percent), 2017 – 2020
Table-08: Global – Forecast for Managed Services Market Share by Verticals (Percent), 2021 – 2027
Table-09: Global – Managed Services Market Share by Region (Percent), 2017 – 2020
Table-10: Global – Forecast for Managed Services Market Share by Region (Percent), 2021 – 2027
