The Global Managed Services Market is estimated to be at USD 141.26 billion in 2015 and is estimated to grow to USD 229.59 billion, at a projected CAGR of 10.20%. Managed services involves outsourcing of services related to infrastructure, security, printing, mobility and other functions while the ownership rights stay with the end-user.
Managed Services Market is witnessing an accelerated growth due to penetration of technologies like mobility, cloud computing and big data across different industry verticals. The market is also driven by enhanced customer satisfaction with implementation of managed services. Customers of cloud services are already reaping the benefits of lower cost, better service availability and agility. Another reason for market growth is Managed Services’ contribution to business process efficiency. Companies are recognizing benefits as the crucial factor for sustainable growth, and are more focused to have standardized managed services. However, concerns about security and privacy of the system have been brought up and is one of the major constraints. Businesses do not want their valuable and confidential data ending up in the wrong hands. Market is also hindered by the need for dedicated and skilled personnel required to maintain the process.
The Managed Services market is segmented on the basis of Service Type (Managed Data Center, Managed Mobility, Managed Security, Managed Communications, Managed Network, Managed Infrastructure, Managed Information and Others), verticals (Energy, Healthcare, Manufacturing, Retail, and others) and geography (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa).
The report also considers key trends that will impact the industry and profiles of leading suppliers of Managed Services Market. Some of the top companies mentioned in the report are Fujitsu, Cisco, EMC, IBM, Alcatel-Lucent, AT&T, HP, Microsoft, Verizon Communications and Dell.
Key Deliverables in the Study