Global IT Managed Services Market Size, Status and Forecast 2022

IT Managed services are the practice of outsourcing the responsibility for maintaining, and anticipating need for, a range of processes and functions in order to improve operations and cut expenses. It is an alternative to the break/fix or on-demand outsourcing model where the service provider performs on-demand services and bills the customer only for the work done.
North America remains the biggest IT Managed Services market in the world, with a share of nearly 50 percent, followed by Europe with about 30%.

Market Analysis and Insights: Global IT Managed Services Market
The global IT Managed Services market size is projected to reach US$ 365460 million by 2027, from US$ 206000 million in 2020, at a CAGR of 8.5% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global IT Managed Services market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global IT Managed Services market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global IT Managed Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global IT Managed Services market.

Global IT Managed Services Scope and Market Size
IT Managed Services market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global IT Managed Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Cloud-Based
On-Premise

Segment by Application
BFSI
Retail
Logistics
Healthcare and Lifesciences
Government
IT and Telecom
Other

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
IBM
Accenture
Cognizant
Rackspace
SAS Institute
Presidio
CenturyLink
Unisys
Sapiens International
Cisco
Marco Technologies
Jade Global
Dell EMC
DXC Technology