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Managed Services Market Share

Report ID: GMI4862
Published Date: Jul 2024
Report Format: PDF

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Managed Services Market Share

Accenture plc and IBM Corporation hold a significant market share in the managed services industry in 2023. IBM Corporation has designed IBM’s Partner Plus program to help partners, including consultancies and managed service providers, to use IBM's technology to deliver more value to their clients. The program includes new service tracks and resources to support partner growth and client demand generation?.

Accenture uses its robust global delivery network to offer managed services and support to clients worldwide. This network ensures consistent service delivery and helps clients manage their IT operations more effectively. The company also invests in new technologies, including AI, blockchain, and cybersecurity, to provide cutting-edge solutions. This includes partnerships and collaborations with leading technology providers to stay ahead in the market.

In Asia Pacific, the managed services market is increasing owing to the region's quickening pace of digital transformation, expanding IT infrastructure, and rising industry use of cybersecurity and cloud computing solutions. In China, there is a significant demand for scalable, efficient solutions in cloud computing, cybersecurity, and data management driven by the country's burgeoning IT infrastructure and rapid digitalization across industries, coupled with government incentives to adopt technology.

Managed Services Market Companies

The major players operating in the managed services industry are:

Accenture plc
AT&T Inc
Cisco Systems, Inc.
Cognizant
DXC Technology
Fujitsu Limited
IBM Corporation
Infosys Limited
NTT Data Corporation
TCS Limited

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The industry size for managed services was valued at USD 244.1 in 2023 and is estimated to register over 11% CAGR between 2024 and 2032, due to the growing recognition of cloud computing.

The managed services industry from the large enterprises segment accounted for 75% share in 2023 and is expected to reach USD 450 billion by 2032 characterized by substantial IT budgets, complex operations, and extensive IT infrastructures.

North America recorded over 35% of the global managed services market share in 2023 due to the strong presence of major industry players, high levels of IT spending, and the robust technological infrastructure.

Accenture plc, AT&T Inc, Cisco Systems, Inc., Cognizant, DXC Technology, Fujitsu Limited, IBM Corporation, Infosys Limited, NTT Data Corporation, and TCS Limited