The Market Reports

Synopsis
The global market for IT Managed Services was estimated to be worth US$ 263390 million in 2024 and is forecast to a readjusted size of US$ 462580 million by 2031 with a CAGR of 8.5% during the forecast period 2025-2031.
IT Managed services are the practice of outsourcing the responsibility for maintaining, and anticipating need for, a range of processes and functions in order to improve operations and cut expenses. It is an alternative to the break/fix or on-demand outsourcing model where the service provider performs on-demand services and bills the customer only for the work done.
North America remains the biggest IT Managed Services market in the world, with a share of nearly 50 percent, followed by Europe with about 30%.
IT Managed Services Market Drivers
The IT managed services market is experiencing rapid growth, driven by a confluence of factors that reflect the broader transformation of the digital landscape. A key driver is the increasing complexity of IT infrastructure, which has prompted organizations to seek external expertise to manage their IT environments. As businesses increasingly rely on technology for their operations, the need for specialized, around-the-clock support has become critical.
Cost savings is another significant driver. By outsourcing IT functions to managed service providers (MSPs), companies can reduce labor costs, minimize capital expenditures, and shift to an operational expenditure model. This allows businesses to maintain a leaner IT budget while accessing the latest technologies and expertise without the need for significant upfront investment.
The rise of cloud computing has also fueled the demand for managed services. With more businesses migrating to the cloud, they require MSPs to manage and optimize their cloud resources. MSPs can offer the necessary skills to navigate complex cloud environments, ensuring that businesses can leverage the full benefits of cloud computing, such as scalability and flexibility.
This report aims to provide a comprehensive presentation of the global market for IT Managed Services, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of IT Managed Services by region & country, by Type, and by Application.
The IT Managed Services market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IT Managed Services.
Market Segmentation
By Company
IBM
Accenture
Cognizant
Rackspace
SAS Institute
Presidio
CenturyLink
Unisys
Sapiens
Cisco
Marco Technologies
Jade Global
Dell EMC
DXC Technology
Segment by Type
Cloud-Based
On-Premise
Segment by Application
BFSI
Retail
Logistics
Healthcare and Lifesciences
Government
IT and Telecom
Other
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of IT Managed Services company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of IT Managed Services in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of IT Managed Services in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index