“IBM (US), Fujitsu (Japan), Accenture (Ireland), Atos (France), Cisco (US), DXC (US), TCS (India), Rackspace (US), AT&T (US), Verizon (US) , Dimension Data (South Africa), Infosys (India), HCL (India), Ericssion (Sweden), GTT Communications (USA), NTT Data (Japan), Happiest Minds (India), Huawei (China), Nokia Networks (Finland) . ), CenturyLink (US), Wipro (India).”

Managed Services Market by Service Type (Managed Security, Managed Network and Managed Data Center and IT Infrastructure), Industry, Company Size, Deployment Type and Region – Global Forecast to 2026

The global managed services market is forecast to grow from USD 242.9 billion in 2021 to USD 354.8 billion in 2026 at a compound annual growth rate (CAGR) of 7.9% over the forecast period. The growth of the managed services market can be attributed to the growing need for businesses to maintain and manage IT infrastructure and to address risks associated with IT assets in an efficient and cost-effective manner. Additionally, small and medium-sized businesses (SMEs) need access to the latest technologies to maintain a competitive edge in their respective markets and sustain their continued growth, but lack the IT budget to achieve these goals. Managed Services enable companies to move from a capital cost model to an operational cost model. Additionally, the surge in cloud adoption during the COVID-19 pandemic is driving the growth of the managed services market.

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By service type, the managed data center and IT infrastructure services segment is expected to account for the largest market size during the forecast period

The managed data center and IT infrastructure services segment is expected to account for the largest market share among service types. Most IT companies spend the majority of their time with untrained IT staff in the cycles of planning, building, operating and maintaining IT….