Managed Services Market Report

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MANAGED SERVICES MARKET REPORT
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INTRODUCTION

• Managed services refer to the practice of
  outsourcing IT operations or other business
  functions to a third-party service provider. The
  service provider assumes responsibility for
  monitoring, managing, and maintaining a
  company's IT infrastructure or other business
  processes.

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KEY INSIGHTS
MARKET SIZE 260.89 Bn
2022
FORECAST 687.32 Bn
2030
CAGR 12.9
2030
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REVENUE MARKET SHARE BY SEGMENTS 2022
Managed Data Center 16. 1
Solution
BPO 38.7
MIS
Financial Services 16.7
End-Use
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GLOBAL MANAGED SERVICES MARKET REVENUE SHARE FOR
2022
North America- 31 . 2
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Growing need to enhance business productivity
Drivers
Lack of managed services skilled expertise
Restraints
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AUTHOR'S PERSPECTIVE
The global managed services market is highly
competitive due to the strong presence of
existing market players. The competitive
environment in this market is anticipated to
further intensify with an increase in product
extensions, different strategies, and
technological innovations adopted by leading
players.
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KEY PLAYERS
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