Managed Services Market and Technology Trends, Growth Drivers, Vendor Landscape, Opportunities and Forecast to 2029
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The global managed services market research report provides an executive-level overview of the current managed services market worldwide, with detailed forecasts of key indicators up to 2029. Published annually, the global managed services market report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by service type and verticals across the large enterprise and micro, small & medium enterprise (MSME) markets, as well as a review of key managed services market trends as well as the technological developments that are shaping the managed services landscape.
The global outlook report provides information and insights into global managed services market
– The primary finding from GlobalData's view of revenue opportunities in the managed services market through to 2029, highlighting the market size and growth by service, by region, by vertical and by size band.
– The latest trends impacting the managed services market.
– The market drivers that will facilitate the growth of managed services market.
– The market challenges/inhibitors that may hinder the pervasive adoption of managed services.
– The recent developments in the managed services market.
Scope
This outlook report analyses the current trends, drivers, and challenges impacting the managed services market. The report outlines the evolution of managed services, and highlights the recent developments in the managed services market across multiple vedors. This report also presents GlobalData’s view of the revenue opportunities in the managed services market through to 2029, highlighting the market size and growth by technology, geography, and size band.
Key Highlights
The global managed services market size was valued at $911.6 billion in 2024. The market is expected to grow at a CAGR of 7.1% during the forecast period (2024-2029). by the demand for efficient IT management, security solutions, and the evolution of technology services. Growing complexity of managing IT infrastructure within organizations creates a strong business case for enterprises to engage managed IT services. The rising cost of provisioning, operating, and managing IT infrastructure is also driving enterprises to adopt managed IT services model.
According to GlobalData, managed services would see majority share of its revenue come from SaaS segment over the forecast period. Revenue from SaaS segment reached $309.8 billion in 2024 and is set to grow up to $742.7 billion in 2029 at a CAGR of 19.1%.
BFSI and manufacturing are the leading end-use vertical segment for managed services, in terms of revenue contribution, and will remain so over the forecast period.
Asia-Pacific is the leading regional market with revenue estimated at $321.6 billion for 2024 and set to grow up to $689.5 billion by 2029 at a CAGR of 16.5%.
Reasons to Buy
This Global Outlook Report provides a comprehensive assessment of the managed services market. It helps the reader to understand the managed services market landscape, the recent trends, drivers, and challenges/inhibitors shaping the managed services market.
The report is exhaustive and up-to-date providing market opportunity forecasts in the managed services market from 2024 to 2029, spanning technology segments (services), six regions, 27 verticals, and two size bands.
Accenture
Concentrix
AT&T
HCLTech
DXC
Pax8
Datagroup
Spectrotel
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