Key Companies Covered in the United States and Puerto Rico IT Managed Services Market Research Report Are IBM Corporation, Infosys Limited, Cisco System Inc., DXC Technology Company, Accenture PLC, Hewlett Packard Enterprise Development LP, AT&T Inc., Verizon Communications Inc, Dell Technologies Inc., Tata Consultancy Services Limited, Rackspace Technology, iNubo IT, CP CORP, and other key market players.
New York, Sept. 17, 2021 (GLOBE NEWSWIRE) — According to the statistics by the Organisation for Economic Co-operation and Development (OECD), the research and development budget allocated by the Government of the United States for the development of transport, telecommunication and other infrastructures was estimated to reach USD 1957 million in the year 2020, up from USD 1591 million in 2012. On the other hand, according to the statistics by the North American Industry Classification System (NAICS) Association, total marketable U.S. businesses under the code 5112 (software publishers), 5173 (wired and wireless telecommunication carriers), 5174 (satellite telecommunications), 5179 (other telecommunications), 5182 (data processing, hosting, and related services), and 5191 (other information services) were 24078, 51552, 181, 75152, 22296, and 33698 respectively.
Research Nester published a report titled ‘United States and Puerto Rico IT Managed Services Market’ which is segmented on the basis of enterprise size, service type, deployment, and by industry vertical. The report contains descriptive insights regarding the latest trends, growth drivers, opportunities and challenges associated with the market during 2019 – 2028.
United States is known for offering state-of-the-art information technology (IT) services. Every year plenty of IT-based startups are established in the region that provide efficient and reliable technologies and solutions accelerating quickly to the marketplace. In the year 2018, more than 30 million small businesses were operating in the United States. Further, capital funding in startups reached about USD 150 billion in 2017. Moreover, it is estimated that around 60% of the small businesses would outsource their services to other small businesses.
Backed by the rising awareness for process outsourcing amongst business enthusiasts, the market in the United States is estimated to acquire a revenue of USD 174,853.6 million by the end of 2028, rising up from USD 71,760 million in 2019, by recording a CAGR of 11% over the forecast period, i.e., 2020 – 2028. The market in the nation is also projected to grow on the back of the increasing adoption of new technologies among organizations. In 2020, more than 35% of companies, mostly in the U.S., created a data-driven organization. The same year, more than 60% of the organizations reported that they were driving innovations with big data and AI. On the other hand, in Puerto Rico, the IT managed services market garnered a revenue of USD 510 million in 2019 and is expected to touch USD 973.3 million in 2028 by growing at a CAGR of 7.5% during the forecast period. The growth of the market in Puerto Rico can be attributed to factors such as the growing need for evolved IT infrastructure and the rising emphasis of small & medium-sized enterprises (SMEs) on reduced risk and core business. However, the growing number of cybersecurity threats and lack of skilled IT professionals are expected to hinder the growth of the market in upcoming years. According to the data released by the FBI’s Internet Crime Complaint Center (IC3), in 2019, 467,361 internet crime complaints were registered. Around USD 3.5 billion of losses were caused to individual and business victims that year.
Get a sample copy of the [email protected] https://www.researchnester.com/sample-request-3202
The IT managed services market in the United States is segmented into six regions, including West U.S., Northeast U.S., Southeast U.S., Southwest U.S., and Midwest U.S., out of which, the market in the West U.S. is assessed to observe the highest growth rate of 11.7% over the forecast period. The market grabbed a revenue of USD 18,298.8 million in 2019, and is expected to reach USD 47,035.6 million by the end of 2028. Further, in the year 2021, the region is estimated to garner a revenue of USD 22,079.6 million. The growth of the market in the West U.S. can primarily be credited to the presence of numerous IT companies in the region, followed by the rise in technological advancements in IoT and artificial intelligence. Furthermore, the market in the West U.S. is segmented into California, Alaska, Washington, Oregon, and Rest of West US. Amongst these, the market in California is evaluated to witness the highest CAGR of 12.1% during the forecast period and attain the highest market revenue of USD 31252.8 million by the end of 2028, on the back of the strong presence of leading market players and increasing employment in the scientific & technical services sector in the state. As per the data provided by the Employment Development Department of the state of California, the employment in professional, scientific & technical services in May, 2020 was calculated to be 1,286,100 people. The number rose up to 1,344,800 people in May 2021.
Get a Sample PDF of United States and Puerto Rico IT Managed Services Market Report 2020
The market is segmented based on enterprise type into large and small & medium enterprises (SMEs), out of which, the segment for large enterprises in the U.S. market is predicted to occupy a noteworthy market share of USD 108,552.3 million by the end of 2028, up from USD 46,569.3 million in 2019. In 2021, the value of this segment is expected to reach USD 55008.3 million. On the other hand, the SMEs segment is estimated to observe a growth rate of 11.9% during the forecast period, in view of the high adoption of complex automation systems and wide implementation of cloud technologies in these organizations. It is estimated that more than 40% of SMEs prefer the public cloud, whereas around 75% of small business are evaluated to adopt cloud computing by 2020. Apart from these, surge in the number of startups in the United States is also anticipated to lead to the growth of this market segment in the future. The large enterprises segment in West United States is further expected to reach a value of USD 28841.4 million by the end of 2028 by growing at a CAGR of 11.1% during the forecast period. Moreover, the SME segment is expected to grow with the highest CAGR of 8.4% during the forecast period in Puerto Rico. The segment is also expected to attain a revenue of USD 206.6 million by the end of 2021.
Buy this report and get instant access @ https://www.researchnester.com/payment/rep-id-3202
The United States and Puerto Rico IT managed services market is also segmented on the basis of service type, deployment and industry vertical.
The United States and Puerto Rico IT Managed Services Market, Segmentation by Service Type
Managed Network Services
Managed Network Provisioning
Managed Data Center & IT Infrastructure Services
Managed Print Services
IT Infrastructure Services
Optical Cabling Services
Cable Tray Installation
Building Design & New Construction Projects
The United States and Puerto Rico IT Managed Services Market, Segmentation by Deployment
The United States and Puerto Rico IT Managed Services Market, Segmentation by Industry Vertical
Telecommunication & IT
Energy & Utilities
Consumer Goods & Retail
Media & Entertainment
Do You Have Any Query Or Specific Requirement? Ask to Our Expert
Some of the major industry leaders mentioned in our report that are associated with the United States and Puerto Rico IT managed services market are IBM Corporation, Infosys Limited, Cisco System Inc., DXC Technology Company, Accenture PLC, Hewlett Packard Enterprise Development LP, AT&T Inc., Verizon Communications Inc, Dell Technologies Inc., Tata Consultancy Services Limited, Rackspace Technology, iNubo IT, CP CORP, and others.
Explore Our Recent Related Reports:
Home Security Sensors Market Segmentation by Component (Software, Services, and Others); by Application (Video Surveillance, Alarm System, Fire Protection System, and Others); by End-User – Global Demand Analysis & Opportunity Outlook 2030
Open-Source Intelligence Market Segmentation by Technique (Text Analytics, Video Analytics, Social Media Analytics, Geospatial Analytics, Security Analytics, and Others); and by End User – Global Demand Analysis & Opportunity Outlook 2030
IT in Public Safety, HLS & Intelligence Agencies Market Segmentation by Solution (Systems, and Services); by Installation (New Installation, and Upgrade); and by End Use (Cybersecurity, Aviation Security, Maritime Security, Law Enforcement) – Global Demand Analysis & Opportunity Outlook 2030
AI in Retail Market Segmentation by Technology (Machine Learning, Natural Language Processing, Image and Video Analytics, and Swarm Intelligence); by Component (Solution, and Service); by Deployment; and by Application – Global Demand Analysis & Opportunity Outlook 2030
Storm Tracking Apps Market Segmentation by Software Type (IOS, Android, and Others); and by End-User (Commercial Users, Private Users, and Others) – Global Demand Analysis & Opportunity Outlook 2030
About Research Nester
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
Contact for more Info:
Email: [email protected]
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
For More Update Follow:- LinkedIn | Twitter | Facebook | Xing
Evergrande, a Chinese property giant, is on the brink of default. Here's what investors need to know.
Shares of Chinese electric vehicle maker Nio (NYSE: NIO) were trading lower on Monday morning amid a broad-based sell-off driven by concerns around the heavily indebted Chinese property developer China Evergrande Group (OTC: EGRNF). At 11:30 a.m. EDT, NIO's American depositary shares were down about 5% from Friday's closing price. You've probably heard that Evergrande is thought to be close to bankruptcy, that the Chinese government is thought to be unwilling to bail it out, and that its failure could have broad effects on stocks in China and possibly beyond.
On Monday, this somewhat obscure, overseas risk suddenly shook up financial markets from Asia to Europe and the U.S., where all three major benchmark stock indexes, the S&P 500 (SPX) Dow industrials (DJIA) and Nasdaq Composite (COMP) appeared to be headed for the worst one-day drop in more than two months. On one level, Evergrande—which reportedly faces at least $83.5 million in interest payments due on Thursday, with a 30-day grace period — is raising concerns about a liquidity crisis among all Chinese and Hong Kong property companies, as markets quickly turn off access to dollar funding. In a more macro way, the firm’s woes are bringing to the fore China’s wide-scale regulatory crackdown across most of its businesses, starting with technology giant Alibaba Group Holding Ltd. (HK:9988) which is rattling confidence in the world’s second-largest economy.
Simple physics tells us that what goes up must come down – but sometimes, market forces take what’s gone down and pushes it back up. And that fact helps to outline the basic opportunities investors should look for. In short, what’s needed are stocks that have hit a hard time – but remain fundamentally sound. Prices can rise and fall for a wide range of reasons, and while many times those reasons bode ill for the stock, they don’t always. A bad sales month coinciding with a quarterly report; a se
Monday's sharp downturn in stocks precipitated partly by the highly leveraged Evergrande in China isn't the only problem buffeting markets on Monday.
Baird PWM Market Strategist Michael Antonelli joins Yahoo Finance to discuss the hectic actions taking place in the market right now, how Chinese stocks are affecting the market, and what to expect from Congress debt ceiling as they debate the debt ceiling.
Palantir (NYSE: PLTR) didn't gain much attention when it went public via a direct listing last September. Let's see why investors weren't initially interested in Palantir, why it subsequently attracted a stampede of bulls, and why it could still have room to run after retreating from its all-time highs. Why did investors ignore Palantir's direct listing?
In this article, we discuss the 10 stocks that analysts are upgrading. If you want to skip our detailed analysis of these stocks, go directly to Analysts Are Upgrading These 5 Stocks. The United States (US) economy has recovered from the COVID-19 pandemic faster than expected. According to a data depository maintained by the Department […]
It can be unnerving to watch a stock drop 30% (or more), but it's something you'll likely encounter many times, especially if you invest in growth stocks. With that in mind, Pinterest (NYSE: PINS) and UiPath (NYSE: PATH) are down 39% and 40%, respectively, from their all-time highs. Pinterest blends visual search and social media, enabling users to engage with content like articles, images, and videos.
If you want to know who really controls Cleveland-Cliffs Inc. ( NYSE:CLF ), then you'll have to look at the makeup of…
DEEP DIVE An expected bond default by real estate company China Evergrande Group led to an early tumble for U.S. stocks Monday. The Dow Jones Industrial Average (DJIA) was down 1%, while the S&P 500 Index (SPX) fell 1.
Brian Sozzi and Emily McCormick break down Monday’s Morning Brief, which details how September is living up to its persona of being a historically weak time for the market as stocks continue to slip and the other factors that could continue to affect the market during September.
U.S. stocks are sharply lower at midday Monday as investors eye the potential collapse of a major Chinese property developer and traders position ahead of the Federal Open Market Committee Sept. 21-22 meeting.
Shares of Ford Motor Company (NYSE: F) were trading lower at midday on Monday, amid a broad-based sell-off driven by investor concerns about the deeply indebted Chinese property developer China Evergrande Group (OTC: EGRNF). As of noon EDT, Ford's share price was down about 5.6% from Friday's close. Investors are concerned about Evergrande: The giant property developer has huge debt that it probably can't service, bankruptcy appears likely, and the Chinese government has hinted that no bailout will be forthcoming.
This contractor giant packs a triple-threat punch that makes it worth considering for your portfolio.
Advisors should keep an eye on credit-default swaps to gauge the risk of broader market impact from Evergrande’s debt woes. Looking at CDS for HSBC is one good proxy for estimating contagion. For investors, the weather has turned ominous.
The energy sector’s production companies benefit from dealing in commodities – oil and gas – that are always in demand. They have high overhead, but they also have a ready market for the product and consequent strong cash positions. Using that strong cash-flow, the companies have been following two strategies to boost their shares; First, they are simply buying back shares to support the price. And second, they are paying out high dividend yields, offering investors a steady income stream from t
For nearly 18 months, investors have enjoyed a historic bounce-back rally in the stock market. The following trio of stocks are all down at least 33%, if not more, from their 52-week highs, but can be confidently bought hand over fist by investors. The first winning stock that's been beaten down of late is technology-driven real estate company Redfin (NASDAQ: RDFN).
Diversification isn't necessary if you know what you're doing, according to the Oracle of Omaha.
(Bloomberg) — Sinic Holdings Group Co. has halted trading after an 87% slump in its shares Monday afternoon. Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?Amazon, Microsoft Swoop In on $24 Billion India Farm-Data TrovePalm Oil Giant’s Industry-Beating ESG Score Hides Razed ForestsThe Shanghai-based developer didn’t give any reason for the trading