Managed Services Market to Record CAGR of 15.0% Over 2025-2032; Wide Adoption of Bring Your Own Device Programs to Drive Market Growth

The global managed services market size was valued at USD 297.20 billion in 2024. The market is projected to grow from USD 330.37 billion in 2025 to USD 878.71 billion by 2032, exhibiting a CAGR of 15.0% during the forecast period.

Fortune Business Insights™ presents this information in its latest report titled “Managed Services Market Size, Share & Industry Analysis, By Service Type (Managed IT Infrastructure & Data Center Services, Managed Network Services, Managed Mobility Services, Managed Communication & Collaboration Services, Managed Information Services, Managed Security Services, Managed Backup & Recovery Services and Others), By Enterprise Type (SMEs and Large Enterprises), By Industry (BFSI, IT & Telecom, Government, Retail & E-commerce, Energy & Utility, Healthcare, Manufacturing, and Others), and Regional Forecast, 2025-2032”.

Managed services involve outsourcing specific business functions or processes to third-party providers, known as Managed Service Providers (MSPs), who take responsibility for managing, monitoring, and optimizing these services. Key market players, such as Atos SE, Fujitsu, and Capgemini SE offer a range of managed services, including security, infrastructure, cloud, and application management. The increasing adoption of these services in various sectors, such as IT, telecommunications, BFSI, and healthcare is driving the market growth.

The global economy was significantly affected by the COVID-19 pandemic, leading numerous businesses to enact cost-reduction measures and contingency strategies. However, there was a notable surge in the utilization of cloud-based technologies during this period.

Cloud5 Communications Launched New Division Specializing in Managed Services

Cloud5 Communications, a leading provider of communication and technology solutions, launched a new division specializing in managed services. This division is dedicated to addressing the diverse IT requirements and obstacles faced by various sectors, such as student housing, hospitality, and senior living. Through its provision of support in overseeing IT operations, technology infrastructures, and security, this division is poised to assist clients in optimizing their operational efficiencies.

Wide Adoption of Bring Your Own Device Programs to Drive Market Growth

In the current technology-driven business landscape, Bring Your Own Device (BYOD) has emerged as a major part of digital technology and productivity across various sectors. BYOD programs enable employees to utilize their devices for office work, helping them save costs and increasing organizations’ flexibility. According to Syntonic, 87% of businesses rely on their employees’ personal mobile devices to access company applications. The widespread adoption of BYOD has resulted in the proliferation of intelligent devices at workplace, such as smartphones, tablets, laptops, and other gadgets. These factors will contribute to driving the market growth.

However, the lack of availability of IT and cybersecurity professionals can hinder the managed services market growth.

Key Market Players to Engage in Partnerships and Launch New Products to Expand Business Operations

The leading companies operating in managed services market are increasing their focus on signing partnership and acquisition agreements with other firms to increase their product range and expand their market share. They are also launching novel products in the market to gain a strong competitive edge and increase their customer base.

Notable Industry Development:

• May 2023: Walter Capital and Alfar Capital Partners effectively completed the acquisition of MSP Corp., a Canadian-managed IT service provider. In a strategic move to bolster its market standing, MSP Corp. merged with Groupe Access, an MSP renowned for its expertise in cybersecurity and IT solutions. This acquisition is poised to empower the company to deliver cutting-edge solutions and strengthen its presence in the Canadian market.

List of the Companies Profiled in the Report:

• IBM Corporation (U.S.)


• Accenture plc (Ireland)


• Fujitsu Ltd. (Japan)


• Microsoft Corporation (U.S.)


• NTT DATA Corporation (Japan)


• Amazon Inc. (U.S.)


• DXC Technology (U.S.)


• Tata Communication Services Limited (India)


• Capgemini SE (France)


• Atos SE (France)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/managed-services-market-102430

Further Report Findings

• North America is predicted to hold a dominant managed services market share due to factors, such as the robust presence of several MSPs, increasing adoption of these services among small & medium-sized businesses, and provision of substantial IT budgets.


• Asia Pacific is also anticipated to record the highest CAGR during the forecast period owing to the development of integrated cloud storage platforms for sectors, such as retail, manufacturing, BFSI, and others by various service providers.


• Based on industry, the IT & telecom segment is expected to capture the largest market share owing to the increased need for managed services to manage and maintain highly complex IT infrastructures.

Table of Segmentation