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Global IT Managed Services Market is Accounted for USD 154.3 billion in 2016

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(Free Press Release) The global IT managed services market is accounted for USD 154.3 billion in 2016 and anticipated to reach USD 249.4 billion by 2024.

Global IT Managed Services Market is Accounted for USD 154.3 billion in 2016


Flourishing IT Sector and Enhanced Connectivity Infrastructure is Boosting the Growth of IT Managed Services Market

According to the demand analysis carried out in our IT managed services market report, “Growing digitization and rising need to utilize IT resources efficiently are the key factors driving growth of IT managed services market.” Growing demand for IT managed services and solutions in healthcare and education sector on the back of increasing IT healthcare and education across the globe is expected to drive the growth of IT managed service market. The global IT managed services market is expected to increase at a CAGR of 9.4% over the forecast period i.e. 2016-2024. The global IT managed services market is accounted for USD 154.3 billion in 2016 and anticipated to reach USD 249.4 billion by 2024. Market segmentation has been carried out on the basis of services and by applications. End users segment is further bifurcated into BFSI, manufacturing sector, telecom and IT sector, education sector and aerospace and defence. In 2016, IT and telecom industry accounted for the largest revenue share in global IT managed and service market owing to growing need of IT resources and managed services in large enterprises of IT sector. Regionally, North America accounted for the highest revenue share in global IT managed service market in 2016. North America IT managed services market is growing significantly owing to positive growth in IT sector, advancement in connectivity solutions. United States IT managed service market accounted for the largest market share across the North America region. Further, North America IT managed services market expected to thrive at a CAGR of 3.6% over the forecast period.

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Market Segmentation

· By Services Type

o Data Center & Network Management Services

o Desktop Management Services

o Server Management Services

o Install, Move, Add, Change (IMAC) Services

o IT Maintenance Services

o IT Hardware Support Services

· By End Users

o BFSI (banking, Finance Services And Insurance)

o Manufacturing Sector

o Telecom and IT Sector

o Education Sector

o Healthcare Sector

o Aerospace and Defense

o Others (Retail, Logistics etc.)

· By Geography

o North America (US, Canada)

o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)

o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)

o Latin America (Brazil, Mexico and Rest of Latin America)

o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)

o Rest of the World

Global IT Managed Services Market Outlook 2024contains detailed overview of the global IT managed services market in terms of market segmentation by services type and by end users.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global IT Managed Services Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as Siemens Corporation, Dell Technologies, IBM Corporation, Alcatel Lucent, Microsoft Corporation, Cisco Systems Inc., Hewlett Packard Enterprise, Accenture etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global IT managed services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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Global IT Managed Services Market is Accounted for USD 154.3 billion in 2016

Source: Press Release



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