Market Size of Europe Managed Infrastructure Services Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Managed Infrastructure Services Market Analysis
The Europe Managed Infrastructure Services Market will register a CAGR of 11.2% during the forecasted Period. Managed services are making steady progress in Europe's conservative, tradition-focused channel landscape. Although the conventional systems integrators command a significant share of transactional hardware and software business, the managed service model is steadily winning new converts, mainly driven by the benefits realized due to the partnerships with MSPs.
- Managed cloud services in the European MSP space are one of the fastest-growing services due to the enterprise's emphasis on access to remote connection, easy access, data security, and swift data recovery solutions. The European market is home to some of the prominent global players. AWS holds a leading share of the market. However, other vendors, such as Tata Consultancy Services, are slowly gaining market share in the region.
- The growing emphasis on moving toward digitization and internet-based products and services offered by businesses is increasingly gaining traction, creating favorable conditions for the growth of SMEs.
- Morover, The market is moving toward standardized remote offerings that help reduce lead time and costs while improving quality. Service providers in the region are expected to focus on offering a uniform technology stack that gives consistency to the customers.
- Cloud service providers in the area are expected to stringently adhere to the GDPR. In addition to this, managed desktop service providers also come under the umbrella of this regulation
- The region's demand for managed cloud services is increasing due to government regulations and lockdown measures due to the COVID-19 pandemic. It forces businesses to move toward remote working modes, leading companies to adopt cloud-based solutions or expand their requirements.
