The global Managed Services market of managed services is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
The global Managed Services Market is driven by increasing need for advanced threat protection for the rise in cyber security attacks, cost-effective solution for the organization to outsource their security and others are few factors which are propelling the growth of Managed Services market to the large extent. On the other hand, the increased complexity in network infrastructure and the complexities in data management is the factors hindering the growth of Managed Services market.
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The notable players operating in the global managed services market include Accenture PLC (Republic of Ireland), Symantec Corporation (U.S.), Checkpoint Software Technologies Limited (U.S.), Intel Corporation (U.S.), Computer Science Corporation (U.S.), Cisco Systems, Inc (U.S.), ATT Inc (U.S), Trustwave Holdings, Inc (U.S.), Fortinet, Inc (U.S.), and IBM Corporation (U.S.).
The global managed services market has been segmented based on type, end users, and deployment. By type, the market has been segmented into Data Center, Infrastructure, Security, Networking, Mobility, and Communication and Information.
By end-users, the market has been segmented into large enterprises and small medium enterprises. By deployment, the market has been segmented into on-premise and on-cloud.
Regionally, the global managed services market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is the largest market for managed services. The rapid growth of enterprises in the region and fast uptake of new technology can be attributed for the dominance of North America.
Moreover, the concentration of key players in the region is also a growth driver. Asia Pacific is expected to be the fastest growing market for managed services. The rapid increase in a number of start-ups and SMEs in the region coupled with increasing IT expenditure can be attributed for the growth of the Asia Pacific market.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions Limitations
2.3 Markets Structure
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