Managed Services Market Projected to Reach US$ 296.38 Billion at 11.32% CAGR Till 2023: Global Key Players – Fujitsu, Cisco, IBM, Alcatel-Lucent SA, AT&T, HP, Microsoft, Dell

Marketprognosis.com Publish a New Market Research Report On “Global Managed Services Market - Growth, Trends and Forecasts (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Managed Services Market:

The Global Managed Services Market was valued at USD 155.91 Billion in 2017, and is expected to reach USD 296.38 Billion by 2023, witnessing a CAGR of 11.32% during the forecast period, 2018-2023. The Global Managed Services Market is expected to witness keen interest in information services and managed mobility. There has been a shift in focus toward managed services and their applications for both short- and long-term strategic decisions. As managed services enable a company to access enhanced applications and services that could not be possible in-house, it helps them to target their core strategic area, while outsourcing the rest of the tasks to the service providers who possess the operational expertise in that domain.

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One of the major challenges faced by the small and medium businesses is a limited IT budget. Every decision related to spending is linked with a cost benefit analysis. Expenditures with higher returns are always given priority over others. However, every business needs technology to grow to keep up with the competition. Hence, managed services play a critical role in providing cutting-edge technology to their clients. Small businesses can further benefit by avoiding the need for hiring personnel to manage the IT infrastructure. The MSP is expected to have a team of skilled personnel who will take care of the problems associated with the maintenance and upgradation of the infrastructure, thus eliminating expenses, such as salaries and training costs.

Due to these advantages offered by managed services, hiring an MSP effectively improves the functioning of an organization with reduced costs. The cost of hiring skilled personnel for various purposes (apart from core business) can be eliminated, thus making the investment worthwhile, especially for small and medium-sized enterprises. The use of businesses to shift their IT financing model from capex to opex, in order to align their requirement to reduce cost, is also driving the market for managed services.

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The market for Global Managed Services is largely dominated by North America, followed by Europe. There has been an increase in customer expectation that has enhanced the product portfolio of the service providers. This has further increased the competition in the market, with several companies chipping into the competition through advanced tools and interfaces, along with pay-per-use model.

Major Key Players:

1 Fujitsu Ltd

2 Cisco Systems Inc.

3 IBM

4 Alcatel-Lucent SA

5 AT&T Inc.

6 Hewlett-Packard (HP)

7 Microsoft Corporation

8 Verizon Communications Inc.

9 Dell Technologies Inc.

10 Nokia Solutions & Networks and More…………………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Managed Services Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Managed Services Segmentation

6 Competitive Intelligence - Company Profiles

7 Future of the Market

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