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Managed services market size worldwide 2017-2023

Size of the managed services market worldwide from 2017 to 2023 (in billion U.S. dollars)

by Shanhong Liu, last edited Jul 1, 2019

Managed services market size worldwide 2017-2023

The managed services market is expected to reach over 190 billion U.S. dollars in size in 2019, with forecasts suggesting that this number could grow to nearly 300 billion as early as 2023.
What is manged 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. As of 2019, the most popular managed services are hosting, storage/backup, and managed security services, each of which serves to provide clients with the benefits of large IT infrastructure without the need for large amounts of in-house hardware. Sized of the managed hosting market is forecast to grow rapidly, reaching 81 billion U.S. dollars by 2020.

Size of the managed services market worldwide from 2017 to 2023 (in billion U.S. dollars)

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by Shanhong Liu, last edited Jul 1, 2019

The managed services market is expected to reach over 190 billion U.S. dollars in size in 2019, with forecasts suggesting that this number could grow to nearly 300 billion as early as 2023.
What is manged 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. As of 2019, the most popular managed services are hosting, storage/backup, and managed security services, each of which serves to provide clients with the benefits of large IT infrastructure without the need for large amounts of in-house hardware. Sized of the managed hosting market is forecast to grow rapidly, reaching 81 billion U.S. dollars by 2020.

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