The global managed services market size was valued at USD 174.98 billion in 2018 and is expected to register a CAGR of 11.7% from 2019 to 2025. Advancements in cloud-based technologies and technological proliferation, in general, is anticipated to fuel the growth. Banks and other financial institutions are turning to managed services to address various concerns such as market and regulatory change, technological change, and talent scarcity, among others. The managed services model helps run business processes and operations to improve operational efficiency and quality on a long-term basis.
A full report of Managed Services Market is available at: https://www.orionmarketreports.com/managed-services-market/40119/
Managed Services Market Key Segments:
Based on service types
• Managed Security Services
• Managed Network Services
• Managed Data Center and IT Infrastructure Services
• Managed Communication and Collaboration Services
• Managed Mobility Services
• Managed Information Services
Based on verticals
• Telecom
• Information Technology (IT)
• Banking, Financial Services and Insurance (BFSI)
• Consumer Goods and Retail
• Manufacturing
• Healthcare and Life Sciences
• Education
• Energy and Utilities
• Media and Entertainment
• Others (transportation and Hospitality)
Based on organization size
• Small and Mid-Size Enterprises (SMEs)
• Large Enterprises
Based on deployment modes
• Cloud
• On-premises
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
