Meticulous Research®—a leading global market research company, published a research report titled ‘Managed Services Market—Global Opportunity Analysis and Industry Forecasts (2024-2031).’ According to this latest publication from Meticulous Research®, the managed services market is expected to reach $576.7 billion by 2031, at a CAGR of 9.4% from 2024 to 2031.

Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=6025?utm_source=blog&utm_medium=social&utm_campaign=Product

The managed services market is being driven by the growing focus on cost optimization, the increasing reliance on outsourced IT services, and a widening gap in skilled IT professionals. The rising frequency of cyberattacks, such as ransomware, and significant investments in digital transformation initiatives are further fueling the market. However, a key challenge for the industry remains the reluctance of businesses to cede control of their IT systems to external service providers.

Despite these hurdles, the adoption of cloud-based technologies and cutting-edge IT solutions is expected to offer new opportunities for managed service providers. However, market penetration among small and medium-sized enterprises (SMEs) remains limited. The rollout of 5G technology is also becoming a major trend that will shape the future of the industry.

Leading players in the market include Accenture (Ireland), Tata Consultancy Services (India), HCL Technologies (India), Cognizant (U.S.), IBM Corporation (U.S.), Fujitsu Limited (Japan), and others, offering services across the globe.

The market is segmented by:

• By Service Type: In 2024, managed security services are expected to capture over 39% of the market share, driven by the increasing need for cost-effective, 24/7 security management and monitoring.
• By Deployment Mode: Cloud-based services are projected to dominate the market in 2024, commanding over 62% of the share, due to their flexibility, scalability, and advanced cybersecurity features.
• By Organization Size: Large enterprises are expected to hold over 67% of the market share in 2024, as they continue to address their complex IT infrastructure and compliance requirements.
• By End-Use Industry: The BFSI sector is set to lead with over 34% of the market share, driven by the adoption of AI and machine learning for automation and fraud detection.
• By Region: North America is forecast to hold over 40% of the market share in 2024, benefiting from a mature MSP landscape and strong investment in IT infrastructure and security.

Buy Now@ https://www.meticulousresearch.com/Checkout/95273379?utm_source=blog&utm_medium=social&utm_campaign=Product

About Meticulous Research®:

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research