United States Managed Services Market Revenues to Reach USD 88.48 billion by 2028 - Market Size, Share, Forecasts, & Trends Analysis Report by Mordor
Hyderabad, August 10, 2023 (GLOBE NEWSWIRE) -- In accordance with a fresh market research report titled "Report on the Managed Services Market in the United States (2023-2028)," experts estimate that the market is valued at approximately USD 54.44 billion in 2023. They believe that it will experience a compounded annual growth rate (CAGR) of 10.20% throughout the predicted timeframe.
Managed services refer to the practice of entrusting certain tasks to external parties in order to simplify operations, decrease expenses, and enhance the quality of services. By doing so, businesses are able to concentrate on their primary strengths, amplify operational effectiveness, and reduce costs. The implementation of managed services is anticipated to drive market growth in the United States by offering ideal resource allocation and facilitating the adoption of new technologies. Managed service providers (MSPs) play a crucial role in safeguarding the Internet of Things (IoT) ecosystem and encouraging innovation. The rising number of remote employees and the emphasis on productivity emphasize the importance of managed services in supporting the evolving work environment.
Market Forces, Projected Revenue and Subdivision, Competition Overview and Recent Progress, Market Expansion, Prospective Prospects, and Patterns of the Future
Increasing popularity of remote work.
Efficient distribution of resources and reducing expenses.
Which companies hold the top positions in the managed services market of the United States?
The industry is primarily controlled by key contenders who hold a significant share of loyal customers. These contenders continually strive to offer better and more advanced products and services. They implement effective competitive tactics, thereby heightening the rivalry within the market.
The major participants in the market for managed services in the United States are,
Tata Consultancy Services (TCS) is a renowned global IT services company. With a strong presence in the industry, TCS offers a multitude of tech solutions to various clients worldwide.
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Report on the Managed Services Market in Europe - It is predicted that the market for managed services in Europe will expand from USD 45.72 billion in 2023 to USD 87.80 billion by 2028, with a compound annual growth rate (CAGR) of 13.94% between 2023 and 2028.
The market for managed services in the GCC is predicted to expand from USD 9.52 billion in 2023 to USD 14.98 billion by 2028. This growth is projected to occur at a compound annual growth rate (CAGR) of 9.49% between the years 2023 and 2028.
Notable Points from the Report on Managed Services in the United States:
Impressive Expansion in Managed Security Services The field of Managed Security Services is experiencing remarkable progress A considerable surge can be observed in the realm of Managed Security Services Managed Security Services have seen substantial growth We are witnessing substantial developments in the area of Managed Security Services
In recent times, the number of DDoS attacks and cyberattacks in the United States is on the rise. This surge can be attributed to the ever-growing number of interconnected devices. As digitization progresses, the merging of networking and security is becoming more prevalent. Consequently, this poses challenges in effectively handling and safeguarding intricate networks.
The widely dispersed workforce is altering the requirements for networking and security, resulting in the acceptance of SASE principles and access based on identity.
The utilization of public cloud services and mobile apps containing individuals' personal data has witnessed a surge in cybersecurity consciousness, leading to an elevated need for safeguarding remedies.
Medical Services - The Rapidly Expanding Sector In recent years, the medical services industry has experienced remarkable growth and emerged as one of the most rapidly expanding sectors worldwide. The demand for healthcare services has skyrocketed as more individuals recognize the importance of maintaining their well-being. This surge in demand has fueled the unprecedented expansion of medical services, making it the fastest-growing segment in the market. With advancements in technology and increased accessibility to medical services, individuals now have easier access to a wide range of healthcare options. From traditional hospital visits to virtual consultations and telemedicine, the industry is continually evolving to meet the diverse needs of consumers. Moreover, the ongoing development of medical technologies has revolutionized the field, allowing for greater precision, efficiency, and improved patient outcomes. Cutting-edge treatments, state-of-the-art medical equipment, and innovative procedures have become integral parts of the healthcare landscape, attracting even more individuals to invest in their well-being. As the medical services sector continues to expand, a multitude of career opportunities have also emerged. An array of specialized healthcare professions, such as nursing, medical coding, and medical administration, are in high demand, offering individuals various paths to contribute to the industry's growth. In conclusion, the healthcare industry has experienced phenomenal growth, establishing itself as the fastest-growing segment globally. The increasing recognition of the importance of healthcare, coupled with advancements in technology, has propelled the expansion of medical services. This growth not only provides individuals with greater access to healthcare but also opens up diverse career opportunities in the field of medical services.
Managed services in the healthcare industry are being increasingly adopted thanks to the rise of cloud-based healthcare systems and mobile apps. These technological advancements allow for efficient data management and enable healthcare practitioners to access patient information remotely.
Managed services assist in the organization and retrieval of medical records throughout healthcare establishments, ensuring mistakes are avoided and enhancing the quality of patient care.
The outbreak of COVID-19 has sped up the acceptance of IT services in the healthcare industry, prompting market participants to engage in strategic initiatives aimed at enhancing services and expanding their reach.
The regulations for digital medical records (EHRs) in the United States are projected to propel the industry in the upcoming years.
What are the most recent advancements in the managed services market in the United States?
In November 2022, Cisco Systems Inc. expanded the range of specializations available in their top-quality partner program to broaden sales opportunities for partners, introduce more flexibility in partner certification requirements, and emphasize the importance of having diverse knowledge across multiple architectures.
In September 2022, Fujitsu Network Communications created the Virtuora Service Management and Orchestration (SMO) solution to offer smart, automated, and flexible service delivery across various layers, vendors, mobile networks, subnets, network segments, and the cloud.
Mordor Intelligence has divided the market for managed services in the United States according to deployment, type, enterprise size, and end-user industry.
According to the projected market size and forecast in terms of value (in USD billion) from 2018 to 2028, the blog section categorizes the information based on deployment.
According to the various categories (Projected worth in USD billion from 2018 to 2028),
According to the market size and forecast in terms of value (measured in USD billion) for the period of 2018-2028, the segmentation is done based on the enterprise size.
Small and medium-sized enterprises (SMEs)
Based on the market value (measured in USD billion), the forecast for different end-user verticals is provided for the period of 2018-2028.
Basically, the Mordor Intelligence market research report is essential reading for new businesses, people in the industry, financial backers, researchers, advisors, business planners, and anyone interested in gaining insight into this field. Take a look at the United States Managed Services Market Report (2023-2028).
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Cloud Managed Services Market Analysis - The market for cloud-managed services is projected to exhibit a Compound Annual Growth Rate (CAGR) of 16% in the coming five years.
Report on the Managed Services Market in Africa - The African market for managed services is projected to experience a compound annual growth rate (CAGR) of 8.2% in the upcoming five years.
Report on the Managed Services Market in Qatar - The size of the market for managed services in Qatar is projected to increase from $0.52 billion in 2023 to $1 billion by 2028, with a compound annual growth rate (CAGR) of 13.95% between 2023 and 2028.
Mordor Intelligence functions as a company that specializes in researching and providing guidance regarding market trends. At Mordor Intelligence, we hold the belief that it is possible to anticipate unforeseen consequences that can bring about transformative changes or have substantial effects on market conditions.
Our in-depth market analysis reports offer extensive information, unique data, statistics, emerging patterns, and insights into the competitive environment of the sector.
The United States' managed services market - Mordor Intelligence
