The global managed IT service market is expected to grow from USD 8.5 billion in 2017 to USD 16.2 billion by 2030, at a CAGR of 10.6% during the forecast period. The growth of this market can be attributed to the increasing demand for managed IT services among small and medium-sized enterprises (SMEs) and large enterprises, as well as the need for cost-effective solutions that are scalable and flexible in nature. Remote monitoring and management services accounted for the largest share of the global managed IT service market in 2017, followed by cloud services, managed security services, and manged IT service applications such as business enterprise, government agency, communication field, educational institutions etc, respectively. The remote monitoring and management segment is expected to continue its dominance throughout the forecast period due to its ability to provide real-time data on network performance without any physical intervention from an engineer or technician onsite; thereby reducing costs associated with travel expenses incurred by these professionals while also improving customer satisfaction levels through faster resolution times for issues faced by customers.
Some Of The Growth Factors Of This Market:
- The growth of the managed IT service market is driven by the need for companies to reduce their IT costs and increase their efficiency.
- The growth of the managed IT service market is also driven by a shift in how companies are managing their IT infrastructure, with more and more companies outsourcing this responsibility to third-party providers.
- The growth of the managed IT service market is also driven by an increased demand for cloud computing services, which are often provided as part of a managed services package.
- The growth of the managed IT service market is also driven by an increased demand for cybersecurity services, which are often provided as part of a managed services package or as standalone offerings from third-party providers.
- Finally, the growth in this market can be attributed to an increased demand for data center management and colocation services.
Industry Growth Insights published a new data on “Managed IT Service Market”. The research report is titled “Managed IT Service Market research by Types (Remote Monitoring and Management, Managed Security Services, Cloud Services, Others, Managed IT Servic), By Applications (Business Enterprise, Government Agency, Communication Field, Educational Institutions, Others), By Players/Companies APSU, OneNeck IT Solutions, Cisco, Aerohive, Fortinet, Mojo Networks, Aruba, Mist, Netgear, Huawei, Hewlett Packard, Managed IT Servic”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Managed IT Service Market Research Report
By Type
Remote Monitoring and Management, Managed Security Services, Cloud Services, Others, Managed IT Servic
By Application
Business Enterprise, Government Agency, Communication Field, Educational Institutions, Others
By Companies
APSU, OneNeck IT Solutions, Cisco, Aerohive, Fortinet, Mojo Networks, Aruba, Mist, Netgear, Huawei, Hewlett Packard, Managed IT Servic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Managed IT Service Market Report Segments:
The global Managed IT Service market is segmented on the basis of:
Types
Remote Monitoring and Management, Managed Security Services, Cloud Services, Others, Managed IT Servic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Business Enterprise, Government Agency, Communication Field, Educational Institutions, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- APSU
- OneNeck IT Solutions
- Cisco
- Aerohive
- Fortinet
- Mojo Networks
- Aruba
- Mist
- Netgear
- Huawei
- Hewlett Packard
- Managed IT Servic
Highlights of The Managed IT Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Remote Monitoring and Management
- Managed Security Services
- Cloud Services
- Others
- Managed IT Servic
- By Application:
- Business Enterprise
- Government Agency
- Communication Field
- Educational Institutions
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Managed IT Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Managed IT services are a type of technology service that help organizations manage their IT infrastructure. Managed IT services can include things like server management, network management, and software installation and maintenance. These services typically come with a fee, but they can also be offered as part of an overall cloud computing strategy.
Some of the major players in the managed it service market are APSU, OneNeck IT Solutions, Cisco, Aerohive, Fortinet, Mojo Networks, Aruba, Mist, Netgear, Huawei, Hewlett Packard, Managed IT Servic.
The managed it service market is expected to grow at a compound annual growth rate of 10.6%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Managed IT Service Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Managed IT Service Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Managed IT Service Market - Supply Chain
4.5. Global Managed IT Service Market Forecast
4.5.1. Managed IT Service Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Managed IT Service Market Size (000 Units) and Y-o-Y Growth
4.5.3. Managed IT Service Market Absolute $ Opportunity
5. Global Managed IT Service Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Managed IT Service Market Size and Volume Forecast by Type
5.3.1. Remote Monitoring and Management
5.3.2. Managed Security Services
5.3.3. Cloud Services
5.3.4. Others
5.3.5. Managed IT Servic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Managed IT Service Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Managed IT Service Market Size and Volume Forecast by Application
6.3.1. Business Enterprise
6.3.2. Government Agency
6.3.3. Communication Field
6.3.4. Educational Institutions
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Managed IT Service Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Managed IT Service Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Managed IT Service Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Managed IT Service Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Managed IT Service Demand Share Forecast, 2019-2026
9. North America Managed IT Service Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Managed IT Service Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Managed IT Service Market Size and Volume Forecast by Application
9.4.1. Business Enterprise
9.4.2. Government Agency
9.4.3. Communication Field
9.4.4. Educational Institutions
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Managed IT Service Market Size and Volume Forecast by Type
9.7.1. Remote Monitoring and Management
9.7.2. Managed Security Services
9.7.3. Cloud Services
9.7.4. Others
9.7.5. Managed IT Servic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Managed IT Service Demand Share Forecast, 2019-2026
10. Latin America Managed IT Service Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Managed IT Service Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Managed IT Service Market Size and Volume Forecast by Application
10.4.1. Business Enterprise
10.4.2. Government Agency
10.4.3. Communication Field
10.4.4. Educational Institutions
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Managed IT Service Market Size and Volume Forecast by Type
10.7.1. Remote Monitoring and Management
10.7.2. Managed Security Services
10.7.3. Cloud Services
10.7.4. Others
10.7.5. Managed IT Servic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Managed IT Service Demand Share Forecast, 2019-2026
11. Europe Managed IT Service Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Managed IT Service Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Managed IT Service Market Size and Volume Forecast by Application
11.4.1. Business Enterprise
11.4.2. Government Agency
11.4.3. Communication Field
11.4.4. Educational Institutions
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Managed IT Service Market Size and Volume Forecast by Type
11.7.1. Remote Monitoring and Management
11.7.2. Managed Security Services
11.7.3. Cloud Services
11.7.4. Others
11.7.5. Managed IT Servic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Managed IT Service Demand Share, 2019-2026
12. Asia Pacific Managed IT Service Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Managed IT Service Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Managed IT Service Market Size and Volume Forecast by Application
12.4.1. Business Enterprise
12.4.2. Government Agency
12.4.3. Communication Field
12.4.4. Educational Institutions
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Managed IT Service Market Size and Volume Forecast by Type
12.7.1. Remote Monitoring and Management
12.7.2. Managed Security Services
12.7.3. Cloud Services
12.7.4. Others
12.7.5. Managed IT Servic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Managed IT Service Demand Share, 2019-2026
13. Middle East & Africa Managed IT Service Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Managed IT Service Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Managed IT Service Market Size and Volume Forecast by Application
13.4.1. Business Enterprise
13.4.2. Government Agency
13.4.3. Communication Field
13.4.4. Educational Institutions
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Managed IT Service Market Size and Volume Forecast by Type
13.7.1. Remote Monitoring and Management
13.7.2. Managed Security Services
13.7.3. Cloud Services
13.7.4. Others
13.7.5. Managed IT Servic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Managed IT Service Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Managed IT Service Market: Market Share Analysis
14.2. Managed IT Service Distributors and Customers
14.3. Managed IT Service Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. APSU
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. OneNeck IT Solutions
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cisco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Aerohive
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fortinet
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mojo Networks
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aruba
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mist
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Netgear
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Huawei
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hewlett Packard
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Managed IT Servic
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook