News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
Press release distribution service
Home : U.S. Government News Search Engine                          

Home > U.S. Government News > Marketplace :
Home: United State Government News
Home | News | Submit Press Release |

Global Managed Services Market worth USD 328.8billion by 2027 at a CAGR 8.2% from 2020 to 2027

(USGovernment-News.Com, July 07, 2021 ) Global Managed Services Market was valued at USD 221.4 billion in 2020 and expected to reach USD 328.8billion by 2027 at a CAGR 8.2% from 2020 to 2027.

The increase in demand to reduce administration & maintenance costs across organizations is expected to boost the global managed services market over the forecast period. Growing need to minimize the total cost of ownership by lowering administration & maintenance costs across organizations is one of the major driving factors supporting the global managed services market growth. The management & maintenance of additional components further increase the associated costs, resulting in high financial expenditure. In response, organizations are outsourcing their enterprise infrastructure to certified managed service providers to ensure reduced financial expenses.

Get Free Sample Copy Of This Report @

Key Players

Some of the prominent players operating in the market are: IBM, T-SYSTEMS, FUJITSU, ERICSSON, CISCO, VERIZON, COMARCH, BT GROUP, AT&T, HUAWEI, etc.

Impact of COVID-19 on Market

The spread of COVID-19 has triggered the need for business automation as businesses are aggressively resorting to remote working. For instance, as per the NTT Ltd. commissioned report by IDG, around 55% of the businesses are approaching managed service providers to opt for their value-added services & reduce security risks, which have increased multifold since the outbreak of the pandemic as employees are working remotely & business partners and customers are relying totally on electronic communication.

Inquire To Know More About This Report @

Market Segmentation

By Type
Managed LAN
Managed Wi-Fi
Managed VPN
Managed WAN
Network Monitoring
Managed Network Security

By Organization Size
Large Enterprises

By Industry Vertical
Consumer Goods
Energy & Utilities
Healthcare & Life sciences
Media & Entertainment

By Region
North America
Latin America
Asia Pacific
Middle East & Africa

Regional Analysis

The Global Managed Services Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The North America region dominated the global managed services market in 2020, due to the strong emphasis IT companies based in the United States are putting on reducing operational costs, especially in the wake of the outbreak of the pandemic, is expected to propel the market growth in the region. Also, the Asia Pacific region was valued at USD 36.54 billion in 2020 and it is estimated to witness substantial growth throughout the forecast period. The increase in implementation of cloud-based solutions & growing investments in data security among several organizations in the APAC region is anticipated to notably contribute to the growth of the managed services market during this forecast period.

Get Discount On This Report @

Qualiket Research

Hemant Singh


Source: EmailWire.Com


U.S. Governement News: Politics
  • Presidential Elections
  • Democrates
  • Congress
  • House of Representatives
  • President Obama
  • Republican Party
  • Mitt Romney
  • U.S. Senate
  • U.S. Military
  • U.S. Politics
  • Politics Video Feeds

    U.S. Government Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Point of Beginning
    Overall Labor Effectiveness (OLE) Achieving a Highly Effective Workforce

    No credit cards, coupons, or promo codes required. Try it today!

    USGovernment-News.Com is a news service of GroupWeb Media LLC