Multi Vendor Support Services Market to Grow by USD 10.07 Bn| Rapid Changes in the IT Infrastructure will Present Significant Growth Opportunities for Market Vendors | Technavio – Yahoo Finance

NEW YORK, Jan. 13, 2022 /PRNewswire/ — The multi vendor support services market is expected to grow by USD 10.07 bn from 2021 to 2026, as per Technavio's market research report. In addition, a healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 3.51%.
Download Free Sample Report to explore growth opportunities in the multi vendor support services market
Read the 120-page report with TOC on "Multi Vendor Support Services Market Analysis Report by Service (hardware and software) and Geography (North America, APAC, Europe, MEA, and South America), and the Segment Forecasts,2022-2026".
Drivers and Challenges
The market is driven by rapid changes in the IT infrastructure. The size, as well as the complexities of IT infrastructure, are increasing rapidly. This is because of the increase in computing needs, which are met by larger and improved network and server and storage equipment. Moreover, many organizations are digitalizing their operations using the cloud, container, IoT, and other technologies to meet the new and growing demands of business functions. Moreover, organizations are progressively using MVSS to manage and maintain their infrastructure due to the shifting technological landscape. All these factors are driving the growth of the multi vendor support services market globally.
The high implementation and maintenance costs may impede the growth of the multi vendor support services market during the forecast period. The high cost of deploying multi vendor support services is one of the major challenges faced by the market for SMEs. The price of the multi vendor support services includes the system design and customization cost, implementation cost, training, and maintenance cost. The implementation of the support services in an organization requires IT staff who have the relevant skillset. In addition, the implementation of multi vendor support services needs planning, adequate funding, cooperation, and a clear vision at all managerial levels. Enterprises also have to train their employees on using multi vendor support services. Thus, these factors can lead to an increase in the cost of implementation of the multi vendor support services. This can adversely affect the adoption of these services among the end-user industries such as IT, sales and marketing, and others.
Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 3000. Download 3 Reports Annually and View 3 reports monthly!
Major Multi Vendor Support Services Companies:
AT and T Inc.
Dell Technologies Inc.
FURUKAWA Co. Ltd.
Hitachi Ltd.
HP Inc.
International Business Machines Corp.
Microsoft Corp.
Service Express LLC
XS International Inc.
Zensar Technologies Ltd.
Multi Vendor Support Services Market Service Outlook (Revenue, USD bn, 2021-2026)
Hardware – size and forecast 2021-2026
Software – size and forecast 2021-2026
Multi Vendor Support Services Market Geography Outlook (Revenue, USD bn, 2021-2026)
North America – size and forecast 2021-2026
APAC – size and forecast 2021-2026
Europe – size and forecast 2021-2026
MEA – size and forecast 2021-2026
South America – size and forecast 2021-2026
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports:
Network Security Appliance Market by End-user and Geography – Forecast and Analysis 2022-2026: The network security appliance market share is expected to increase by USD 8.82 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.95%. Download Free Sample Report
Privileged Identity Management Market by End-user and Geography – Forecast and Analysis 2021-2025: The privileged identity management (PIM) market share is expected to increase by USD 2.41 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 22.80%. Download Free Sample Report
Multi Vendor Support Services Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 3.51%
Market growth 2022-2026
USD 10.07 billion
Market structure
Fragmented
YoY growth (%)
2.88
Regional analysis
North America, APAC, Europe, MEA, and South America
Performing market contribution
APAC at 38%
Key consumer countries
US, China, UK, Germany, and Japan
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
AT and T Inc., Dell Technologies Inc., FURUKAWA Co. Ltd., Hitachi Ltd., HP Inc., International Business Machines Corp., Microsoft Corp., Service Express LLC, XS International Inc., and Zensar Technologies Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/multi-vendor-support-services-market-to-grow-by-usd-10-07-bn-rapid-changes-in-the-it-infrastructure-will-present-significant-growth-opportunities-for-market-vendors–technavio-301459539.html
SOURCE Technavio
The Oracle of Omaha knows how to beat inflation. So ride his coattails.
Shares of Chinese electric vehicle maker Nio (NYSE: NIO) were moving lower on Thursday. As of 1:30 p.m. ET, the company's American depositary shares were down about 2.3% from Wednesday's closing price. Nio doesn't own a factory directly; its vehicles are built in a plant owned by a joint venture between it and its manufacturing partner, state-owned automaker Jianghuai Automobile Group.
There’s nothing magical about a stock index hitting the 10% decline that constitutes what Wall Street considers to be a correction. The odds that stocks will rise are no different after a 10% decline than they are before. This is important to keep in mind now that the Nasdaq Composite Index (COMP) is losing ground quickly, down 2.5% on Jan. 13 alone and off 7.8% from its closing high on Nov. 19, 2021.
CFRA Research Director Kenneth Leon joins Yahoo Finance Live to discuss upcoming bank earnings and the outlook for the U.S. economy.
Not every stock with big potential has shot through the roof this year.
Yahoo Finance's Adam Shapiro and Emily McCormick highlight four stocks to watch: Hawaiian Airlines, Virgin Galactic, Taiwan Semiconductor, and Ford.
Shopping for some tech bargains ahead of the Federal Reserve's rate hikes? Try these on for size, says one veteran tech analyst.
Growth stocks have fallen out of favor, which provides a juicy opportunity to snap up this trio of beauties.
“Retiring early is a dream for many people,” said Landon Tan, a certified financial planner. “But those years of not working diminish your chance of a successful retirement more than almost any other metric we toggle when making financial plans.” When planning to retire early, those extra years need to be considered – at the forefront of retirement, but also in the back end if you live longer than anticipated.
Is Novavax stock a buy or a sell after filing additional data in the hopes of seeking a U.S. authorization? Is NVAX stock a buy or sell?
Recent years all seem to blur into one for Nvidia (NVDA) and that is no bad thing. While the macro environment shifts from one challenge to another, the chip giant has gone from strength to strength, regardless of the constantly changing landscape. Following chats with CFO Colette Kress during this week’s 24th Annual Needham Virtual Growth Conference, firm analyst Rajvindra Gil sees enough growth drivers to keep up momentum. In Gaming – Nvidia’s main breadwinner – Gaming GPUs continue to see str
(Bloomberg) — The loyalty of Cathie Wood’s legion of fans may be finally waning, as the new year bloodbath in speculative technology stocks hands the star money manager a miserable start to 2022.Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSay Goodbye to Self-Isolating, WFH Mandates, Mass TestingSupreme Court Blocks Biden’s Shot-or-Test Rule for WorkersShould I Be Wearing an N95 or KN95? Understanding th
As of about 2:30 p.m. ET, the Dow Jones Industrial Average was flat, while both the S&P 500 and Nasdaq Composite were firmly in the red. The Nasdaq was by far the worst performer of the three major indexes, down by 1.7%. Cybersecurity giant CrowdStrike Holdings (NASDAQ: CRWD) was down by nearly 5%, while database software companies Datadog (NASDAQ: DDOG) and MongoDB (NASDAQ: MDB) were down by 5% and 8%, respectively.
JPMorgan Chase, Citigroup and Wells Fargo will report Q4 earnings Friday, amid rising interest rates. Bank stocks were mixed Thursday.
Pinterest has been under significant pressure lately, as you can see in the chart above. Since peaking in early 2021, not only has there been a notable rotation out of high-growth technology stocks, but Pinterest's user base has actually declined a bit in recent quarters. First, Pinterest's user decline is likely a temporary headwind caused by the gradual lifting of COVID-19 restrictions rather than any problem with the business itself.
China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays that start on Feb. 1 as part of a plan coordinated by the United States with other major consumers to reduce global prices, sources told Reuters. The sources, who have knowledge of talks between the world's top two crude consumers, said China agreed in late 2021 to release an unspecified amount of oil depending on price levels. "China agreed to release a relatively bigger amount if oil is above $85 a barrel, and a smaller volume if oil stays near the $75 level," said one source, without elaborating.
Don't expect gains in 2022 if the Federal Reserve sticks to its guns on rate hikes and tightening overall financial conditions, says Kyle Bass.
Alibaba stock has been on a tear to start the year, but its two-day winning streak looks like it’s about to end. Alibaba stock has risen in five of the year’s eight trading days including a two-day winning streak as investors sold U.S. tech titans and looked for alternatives elsewhere. Alibaba stock was off 3.2% at 10 a.m. in U.S. trading, which would be its largest decline since falling 3.4% on Dec. 31.
DocuSign (NASDAQ: DOCU) and Adobe (NASDAQ: ADBE) initially seem like very different companies. DocuSign is the world's largest e-signature company, while Adobe provides industry-standard creativity software like Photoshop, Illustrator, and Premiere Pro as cloud-based services. Adobe also integrates those services into its cloud-based sales, marketing, e-commerce, and analytics tools for enterprise customers.
Shares of Cenntro Electric Group (NASDAQ: NAKD) are down roughly 13% as of 1:45 p.m. ET. The company, which was previously known as Naked Brand Group prior to the recent combination with Cenntro, has seen volatile trading since the combination and pivot to the electric vehicle space. Cenntro Electric stock fell after the company published a 13D filing with the Securities and Exchange Committee (SEC) outlining ownership stakes in the company and a previously unknown lockup period for a substantial portion of the company's outstanding shares.

source

Leave a Comment