A huge amount of data loss because of security breaches and cyber-attacks is harming organizations. Many organizations have therefore started adopting managed service solutions to solve their security issues, thereby driving the demand for managed service solutions in the market. Additionally, businesses can focus more on the core competencies more effectively with the help of managed services as it not only improve their operational efficiency but also reduce their operating expenses. It helps the businesses to improve profitability and operational efficiency by ensuring proper utilization and distribution of resources.
Furthermore, the business can respond easily to advance technology with flexible managed services and scalable infrastructures. However, managed services providers do not cover all the IT services in one single service solution. There are different managed services for different IT functions. If a company needs to outsource more than one IT service it can increase the outsourcing cost. Additionally, managed services are not able to develop a deep understanding of the company or business needs as a single managed service provider handles many different companies at a time. This, therefore, decreases the synergy between IT and the business. An increase in the outsourcing costs, decrease in the synergy between businesses are some factors that are restraining the managed services market growth.
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Companies covered: IBM Corporation, Cisco, Fujitsu, Accenture, Atos SE, DXC Technology Company, AT&T Intellectual Property, Telefonaktiebolaget LM Ericsson, Cognizant, HCL, Tata Consultancy Services Limited, Infosys Limited, Dimension Data, NTT Data Corporation, GTT Communications, Inc., Happiest Minds, Rackspace Technology, Huawei Technologies Co., Ltd, Nokia, and CenturyLink
Key Benefits of the Report:
- This study presents the analytical depiction of the managed services industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the managed services market share.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the managed services market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the managed services market.
- The report provides a detailed managed services market analysis based on competitive intensity and how the competition will take shape in the coming years
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