Global IT Managed Services Market Size & Forecast Report 2021-2025 with Impact Analysis of COVID-19 – – Yahoo Finance

DUBLIN, October 14, 2021–(BUSINESS WIRE)–The "Global IT Managed Services Market: Size & Forecast with Impact Analysis of COVID-19 (2021-2025)" report has been added to's offering.
Global IT Managed Services Market report provides an in depth analysis of the global IT managed services market by value, by type, by deployment model, by enterprise size, by end-user, by region.
A managed service provider (MSP) is an outsourced third-party company that deliver services to manage IT systems for organizations, such as network, application, infrastructure and security, via ongoing and regular support and active administration on customers' premises. The major benefits of using an MSP include cost-effectiveness; access to highly specialized level of services; and deep expertise to match the businesses' IT infrastructure complexity.
IT managed services can be defined as the practice of outsourcing a wide range of IT services to a Managed Services Provider (MSP), with responsibilities ranging from specific on-demand response to coverage of almost all IT duties. These services primarily include responsibilities such as remote monitoring, security services, configuration and management of cloud services, and communication support. IT managed services can significantly increase IT efficiency, improve uptime management, reduce in-house overhead, improve cyber security, and lead to proactive monitoring and issue fixing.
The global IT managed services market has increased significantly during the year 2020 and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously. The IT managed services market is expected to increase due to surge in adoption of cloud, widespread adoption of being your own device (BYOD), rising security and compliance risks, rising demand to reduce administration and maintenance costs, escalating demand for managed services from manufacturing sector, development of IT-as-a-Service (ITaaS), rising application in energy and utility sectors, etc. Yet the market faces some challenges such as lack of expertise, security concerns, etc.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global IT managed services market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global IT managed services market is fragmented with many major market players operating worldwide. The key players of the IT managed services market are IBM Corporation, Cisco Systems, Inc., Fujitsu Limited, Accenture plc are also profiled with their financial information and respective business strategies.
Key Topics Covered:
1. Executive Summary
2. Introduction
2.1 Managed Service Providers (MSPs): An Overview
2.1.1 Benefits of Using an MSP
2.2 IT Managed Services: An Overview
2.2.1 Evolution of IT Managed Services
2.2.2 Benefits of Using IT Managed Services
2.2.3 Types of IT Managed Services
2.3 IT Managed Services Segmentation: An Overview
2.3.1 IT Managed Services Segmentation by Type
2.3.2 IT Managed Services Segmentation
3. Global Market Analysis
3.1 Global IT Managed Services Market: An Analysis
3.2 Global IT Managed Services Market: Type Analysis
3.3 Global IT Managed Services Market: Deployment Model Analysis
3.4 Global IT Managed Services Market: Enterprise Size Analysis
3.5 Global IT Managed Services Market: End-user Analysis
4. Regional Market Analysis
4.1 North America IT Managed Services Market: An Analysis
4.1.1 North America IT Managed Services Market by Value
4.1.2 North America IT Managed Services Market by Region (The US and Rest of North America)
4.1.3 The US IT Managed Services Market by Value
4.1.4 The US IT Managed Services Market by Type (Managed Data Center and Infrastructure, Managed Security, Managed Communication, Managed Network, Managed Mobility, and Others)
4.1.5 The US IT Managed Services Type Market by Value
4.1.6 Rest of North America IT Managed Services Market by Value
4.2 Europe IT Managed Services Market: An Analysis
4.3 Asia Pacific IT Managed Services Market: An Analysis
4.4 Middle East & Africa IT Managed Services Market: An Analysis
4.5 Latin America IT Managed Services Market: An Analysis
5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on IT Managed Services
5.1.2 Impact of COVID-19 on Small and Medium Businesses (SMBs)
5.1.3 Post COVID-19 Scenario
6. Market Dynamics
6.1 Growth Driver
6.1.1 Surge in Adoption of Cloud
6.1.2 Widespread Adoption of Bring Your Own Device (BYOD)
6.1.3 Rising Security and Compliance Risks
6.1.4 Rising Demand to Reduce Administration and Maintenance Costs
6.1.5 Escalating Demand for Managed Services from Manufacturing Sector
6.1.6 Development of IT-as-a-Service (ITaaS)
6.1.7 Rising Application in Energy and Utility Sectors
6.2 Challenges
6.2.1 Lack of Expertise
6.2.2 Security Concerns
6.3 Market Trends
6.3.1 SMBs Turning to MSPs to Digitally Transform
6.3.2 Increasing Use of Big Data and Analytics
6.3.3 Surge in Adoption of Internet of Things (IoT)
6.3.4 Rising Dependence on Automation
6.3.5 Application Uptime and Data Preservation Imperatives
6.3.6 Desktop-as-a-Service (DaaS)
6.3.7 Leveraging Artificial Intelligence (AI) in Managed Services
6.3.8 Internet of Behaviors (IoB)
6.3.9 Meeting the Needs of Remote Workforces
7. Competitive Landscape
7.1 Global IT Managed Services Market Players: A Financial Comparison
7.2 Global IT Managed Services Market Players: Key Comparison
7.3 Global IT Managed Services Market Players: Product Category Comparison
8. Company Profiles
8.1 Business Overview
8.2 Financial Overview
8.3 Business Strategy
IBM Corporation
Cisco Systems, Inc.
Fujitsu Limited
Accenture plc
For more information about this report visit
View source version on
Laura Wood, Senior Press Manager
[email protected]

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Hydrogen fuel cell leader Plug Power (NASDAQ: PLUG) had a big week last week, announcing multiple corporate partnerships to manufacture fuel cell parts, pioneer fuel cell use in airplanes, and bring to market a hydrogen-powered fuel cell van. Plug's biggest news — its prediction that revenues will leap to more than $800 million next year and more than triple that number over the following three years — helped to raise analyst price targets and lift shares of Plug Power. It also sparked stock analyst initiations of peer fuel cell companies Ballard Power (NASDAQ: BLDP) and Bloom Energy (NYSE: BE) — but not of FuelCell Energy (NASDAQ: FCEL).
While the market driven by short-term sentiment influenced by the accommodative interest rate environment in the US, virus news and stimulus spending, many smart money investors are starting to get cautious towards the current bull run since March, 2020 and hedging or reducing many of their long positions. Some fund managers are betting on Dow […]
Shares of Moderna (NASDAQ: MRNA) were rising 3.3% as of 10:59 a.m. EDT on Monday. This gain came after the Financial Times reported new forecasts from health data analytics company Airfinity that project Moderna's COVID-19 vaccine could generate sales of $38.7 billion in 2022. Investors might be justified in jumping aboard the Moderna train if Airfinity's 2022 estimate is right.
As the fears of the memory chip price declines start to materialize, the latest slump of Micron Technology (NASDAQ: MU) completely erased the yearly gains. While short-term headwinds shouldn't be a reason to "panic-sell, "prospective buyers should carefully evaluate upsides vs. downsides in their investment time frame.
One analyst thinks the electric car maker's third-quarter results will be above consensus analyst forecasts.
The stock market was relatively flat on Monday morning, but real estate specialist Zillow Group (NASDAQ: Z) (NASDAQ: ZG) was a major underperformer. The reason for today's drop is that the company announced it is suspending its Zillow Offers iBuying program for the rest of the year. If you aren't familiar, this is the part of Zillow's business that buys real estate directly from sellers, makes repairs, and then resells the homes.
Shares of MannKind (NASDAQ: MNKD), a company working to develop inhaled therapeutics, were down 18% as of 11:59 a.m. EDT on Monday after an inspection issue derailed its hopes of approval for Tyvaso DPI, a lung disease therapy it developed with United Therapeutics (NASDAQ: UTHR). According to United Therapeutics' Securities and Exchange Commission filings, it owns two patents for treating PAH through inhalation that expire in 2024. The Food and Drug Administration's complete response letter didn't cite issues with MannKind's operations or even the clinical data submitted by the two companies.
Every investor in fuboTV Inc. ( NYSE:FUBO ) should be aware of the most powerful shareholder groups. Generally…
In this article, we discuss the top 10 dividend stock picks of billionaire Ken Fisher. If you want to skip our detailed analysis of these stocks, go directly to Billionaire Ken Fisher’s Top 5 Dividend Stock Picks. Ken Fisher is one of the most well-known hedge fund managers on Wall Street. The portfolio of his […]
The Yahoo Finance panel breaks down what to expect in a stacked week for the market as we await Netflix, Airlines, and Tesla earnings. Watch as the panel discusses how these most recent earnings could shape the market.
These companies give investors diverse exposure to the EV sector with the potential for long-term rewards.
On a mixed day for the stock market — the Dow is down a small fraction of a percent, while the Nasdaq is up a slightly larger fraction of a percent — Facebook (NASDAQ: FB) stock is shining today, with its shares rising 2.2% as of 11:15 a.m. EDT. You all know the story on Facebook of late. For much of this month, the stock's been lagging as first The Wall Street Journal, then The New York Times, and finally the U.S. Congress itself have been critical of its business practices.
The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 30th. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
On the contrary, a growth stock rebound could be in store for 2022. Three contributors think Taiwan Semiconductor Manufacturing (NYSE: TSM), Fastly (NYSE: FSLY), and II-VI (NASDAQ: IIVI) are thus worth a serious look right now. Nicholas Rossolillo (Taiwan Semiconductor Manufacturing): Though it may rank low on the list of most household names in technology, Taiwan Semi is a monster powering all sorts of high-end computing we use every day.
These dividend stocks provide sustainable and growing dividends, which are nearly triple the S&P 500's yield.
This week I see Netflix (NASDAQ: NFLX), AT&T (NYSE: T), and Robinhood Markets (NASDAQ: HOOD) as vulnerable investments in the near term. It doesn't help that Netflix disappointed investors with its previous quarterly update three months ago.
General Electric's (NYSE: GE) upcoming earnings report is unlikely to produce any significant surprises on a headline basis. After all, management tends to give wide guidance ranges, and CEO Larry Culp spoke extensively about trading conditions at a conference in mid-September. Investors will be very interested in putting the pieces together to build a picture for 2022 and beyond.
BlackBerry (NYSE: BB) and Nokia (NYSE: NOK) both rose from the ashes over the past decade. BlackBerry expanded its enterprise software business, discontinued its first-party smartphone business five years ago, then licensed its brand to third-party smartphone makers. Nokia sold its handset division to Microsoft in 2014, bought its rival Alcatel-Lucent in 2016 to expand its core telecommunications equipment business, and started to license its brand out to other smartphone makers that same year.
Marathon Digital Holdings, Inc. ( NASDAQ:MARA ) is possibly approaching a major achievement in its business, so we…
In this article we will check out the progression of hedge fund sentiment towards Suncor Energy Inc. (NYSE:SU) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]