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Managed services market size forecast worldwide 2019-2025

The global managed services market is forecast to reach more than 200 billion U.S. dollars in size in 2020. Over the next few years revenue from the managed services market is set to grow to more than 300 billion U.S. dollars.

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. 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.

Forecast size of the managed services market worldwide from 2019 to 2025

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Sources

Release date

June 2020

Region

Worldwide

Survey time period

2019 to 2020

Supplementary notes

Figures from 2020 to 2024 are estimates based on data provided by the source and the forecast CAGR of 11.5 percent.

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Statistics on "IT Services"

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