Global Managed Services (Managed Security, Managed Network, Managed Data Center Services) Market 2017-2022

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22 Sep, 2017, 16:45 GMT

DUBLIN, September 22, 2017 /PRNewswire/ --

The "Managed Services Market by Service Type (Managed Security Services, Managed Network Services, Managed Data Center Services), Deployment Type, Organization Size, Vertical, and Region - Global forecast to 2022" report has been added to Research and Markets' offering.

The managed services market is expected to grow from USD 152.45 Billion in 2017 to USD 257.84 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.1%.

The rapid pace of the technological advancements makes it difficult for enterprises to cope with the increased IT complexity while focussing on their core competencies. The Managed service providers empower the enterprises by managing their IT resources while they focus on their strategic business decisions.

The managed services market is segmented by service type, deployment type, organization size, vertical, and region. Managed data center services are expected to hold the largest market share in the managed services market among other service types. The increasing data volume has facilitated the growth of data centers, further accounting for increased adoption of managed data center services among the enterprises.

These factors add-up to the largest share of managed data center services in the market. Managed mobility services market share is expected to grow at the highest CAGR for the forecast period. The key trends such as growing consumption in productivity applications, workforce decentralization, globalization of business, prominence of cloud-based enterprise mobility management, and increasing use of smartphones, tablets, and laptops at workplaces has created a need to manage wide range of application and devices in enterprises, accounting for the highest growth rate among other service types.

Adoption of managed services is increasing, owing to the growing IT infrastructure of enterprises, increased the need to focus on core competencies, cloud deployment going mainstream, and growing number of compliances. Enterprises fear to lose the control over data to the managed service providers and this is the major restraint affecting the growth of the managed services market. Enterprises are reluctant to hand over their processes to the managed service providers as that would hamper the privacy. The security and privacy concerns are the major hindrance faced by the managed service providers in this market.

Market Dynamics

Drivers

  • Growing It Infrastructure of Enterprises
  • Increasing Need to Focus On Core Competencies
  • Cloud Deployment Going Mainstream
  • Growing Need to Comply With Regulations

Restraints

  • Fear of Losing Control Over Data

Opportunities

  • Connected Iot Mandate in Future
  • Rising Trend of Digitalization And Mobility Among Enterprises Worldwide
  • Increased Adoption of Multi-Cloud Managed Services

Challenges

  • Low Application Awareness And Low Bandwidth of Network in Certain Regions
  • Challenges in the Integration Process

Companies Mentioned

  • Accenture
  • Atos
  • Cisco
  • Dxc Technology
  • Ericsson
  • Fujitsu
  • HCL
  • Huawei
  • IBM
  • Netmagic (An Ntt Communications Company)
  • Nokia Networks
  • Tata Consultancy Services
  • Unisys
  • Wipro

For more information about this report visit https://www.researchandmarkets.com/research/5nsl39/managed_services

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