Cloud Hosting

United States, Rockville MD, July 25, 2022 (GLOBE NEWSWIRE) -- Fact.MR A Market Research and Competitive Intelligence Provider: The global managed services market stood at US$ 262 Billion in 2022 and is expected to reach US$ 535.7 Billion by the end of 2032. The market is anticipated to grow at a CAGR of 7.4% in the forecast period from 2022 to 2032.

Surge in penetration of big data technologies and cloud computing has been pushing managed service providers to innovate and upgrade their services consistently. Managed services market witnessed a CAGR of 8.0% from 2015 to 2021.

In addition to this, managed services market is driven by high requirement for data security and privacy protection. High risk due to high usage of IT and telecom has pushed many business firms to opt for managed services. Also, high demand for securing strong IT infrastructure against cyber threats is driving organizations to adopt managed services in their businesses.

For Critical Insights on this Market, Request for Brochure at:

https://www.factmr.com/connectus/sample?flag=S&rep_id=7300

In addition to this, managed services are rapidly adopted by large enterprises as it helps them reduce operational costs and enhance their returns on investment. Moreover, changing governance requirements are also expected to widen the scope of managed services market.

Besides this, US is likely to offer attractive opportunities to managed service providers due to presence of big firms like IBM corporation, Accenture and Cognizant in the region.

Key Takeaways:

Growth Drivers:

Restraints:

To Gain In-Depth Insights on Managed Services Market, Request Methodology at

https://www.factmr.com/connectus/sample?flag=RC&rep_id=7300

Competitive Landscape:

Managed services market is characterized by multiple large vendors that offer extensive consulting and integration services to clients. Many of these vendors are upgrading their solutions constantly to gain an edge over the competitors.

Key Companies Profiled by Fact.MR

More Valuable Insights on Managed Services Market

In its recent study, Fact.MR reveals factors influencing the growth in the global Managed Services Market during the assessment period. The study also offers compelling insights into prominent drivers creating growth opportunities in the Managed Services Market through detailed segmentation as follows:

By Service Type:

By Deployment Type :

By Organisation Size :

By Vertical :

By Region :

Interested to Procure The Data? Inquire here

https://www.factmr.com/connectus/sample?flag=EB&rep_id=7300

Key Questions Covered in the Managed Services Market Report

Explore Fact.MRs Coverage on the Technology Domain

Translation Service Market: The global translation service market was valued at US$ 40.2 Billion in 2021 and is projected to reach US$ 41 Billion by the end of 2022. During the forecast period from 2022 to 2032, the market is expected to reach a valuation of US$ 53.5 Billion overcoming of language barrier amid cross border communication and businesses to flourish growth.

E-scooter Sharing Market: Increasing demand for shared micro mobility is one of the major factors that is set to push sales of e-scooter sharing services in future. Besides, high convenience, flexibility, affordability, and user friendliness of such services will contribute to growth in the market. As per Fact.MR, the global e-scooter sharing market is expected to reach a valuation of US$ 6302.2 Million by 2032.

Fire Testing Market: The fire testing market is predicted to grow at a CAGR of 5.9% and is projected to reach a valuation of US$ 13 Bn by 2032. Demand for fire testing systems is anticipated to rise with rapid industrialization. New construction activities are expected to propel the adoption of fire testing systems in the upcoming decade.

Content Moderation Solutions Report: The use of content delivery network solutions is expected to increase as a result of several government initiatives that have enabled quick and secure data delivery management. According to Fact.MR, the Managed Services Market in China is poised to grow at a CAGR of12.1%until 2032, reachingUS$ 4.4 Billion.

Translation Services Market Insights: Based on application, the legal segment is projected to lead the global Translation Services market. As per the analysis, the segment is anticipated to expand at a CAGR of2.6%during the forecast period from 2022 to 2032.

Website Builders Market Outlook: As the volume of online business transactions rise exponentially, the demand for website builders is acquiring major traction. An increase in the adoption of cloud-based services from large enterprises as well as SMEs also boosts the sales of the website builders market in the forecasting period.

Predictive Maintenance Market Research: The global predictive maintenance market is anticipated to garner an absolute dollar growth ofUS$ 39.3 Billionby 2032. Increasing demand to reduce operation and maintenance costs is expected to fuel the market growth during the forecast period.

Patch Management Market Growth: A recent study by Fact.MR on the patch management market offers a 10-year forecast for 2022 to 2032. The study analyzes crucial trends that are currently determining the growth of the market.

Barcode Software Market Trends: Given the present barcode software market trends experienced by the Asia Pacific countries, it is the top-performing region among the five broad geographical regions. It is expected to witness an overall year-on-year growth rate of6.3%during the forecasted time frame.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. 80% of Fortune 1000's trusts us in critical decision making. We provide both qualitative and quantitative research, spanning market forecast, market segmentation, competitor analysis, and consumer sentiment analysis.

Contact:

Mahendra SinghUS Sales Office11140Rockville PikeSuite 400Rockville, MD20852United StatesTel: +1 (628) 251-1583E:sales@factmr.com

Follow Us:LinkedIn | Twitter

Visit link:
Rising penetration of cloud computing and other advanced technologies have offered absolute dollar opportunity of US $ 273.8 Billion to managed...