The global managed services market is valued at 152.02 billion U.S. dollars in 2020. The largest market is North America, while the fastest growing market is Asia Pacific. Overall, the global managed services market is excpected to reach around 274 billion U.S. dollars by 2026.
What is managed services?
The managed services market is primarily concerned with the outsourcing of certain computing and IT related processes such as cloud computing, IT infrastructure, and managed IT security. The market is dominated by large tech companies such as IBM, Accenture, Cognizant, and Capgemini, who provide managed computing services to client companies of all sizes around the world.
What managed services products are popular?
As of 2020, the most popular managed services are hosting and storage/backup in both Europe and North America. These services provide clients with the benefits of large IT infrastructure without the need for large amounts of in-house hardware. Further, managed services for cloud, container technology, big data, and internet of things (IoT) platforms are expected to hold much potential for managed service providers in the future. This is due to the fact that these technologies are increasingly adopted and deployed by organizations around the world to benefit their overall digital transformation strategy.
Forecast size of the managed services market worldwide from 2020 to 2026
(in billion U.S. dollars)
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Mordor Intelligence. (June 8, 2021). Forecast size of the managed services market worldwide from 2020 to 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 16, 2022, from https://www.statista.com/statistics/590884/worldwide-managed-services-market-size/
Mordor Intelligence. "Forecast size of the managed services market worldwide from 2020 to 2026 (in billion U.S. dollars)." Chart. June 8, 2021. Statista. Accessed May 16, 2022. https://www.statista.com/statistics/590884/worldwide-managed-services-market-size/
Mordor Intelligence. (2021). Forecast size of the managed services market worldwide from 2020 to 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 16, 2022. https://www.statista.com/statistics/590884/worldwide-managed-services-market-size/
Mordor Intelligence. "Forecast Size of The Managed Services Market Worldwide from 2020 to 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 8 Jun 2021, https://www.statista.com/statistics/590884/worldwide-managed-services-market-size/
Mordor Intelligence, Forecast size of the managed services market worldwide from 2020 to 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/590884/worldwide-managed-services-market-size/ (last visited May 16, 2022)