According to our (Global Info Research) latest study, the global IT Managed Services market size was valued at US$ 271010 million in 2024 and is forecast to a readjusted size of USD 470740 million by 2031 with a CAGR of 8.3% during review period.
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%.
IT Managed Services Market Drivers
The IT managed services market is experiencing rapid growth, driven by a confluence of factors that reflect the broader transformation of the digital landscape. A key driver is the increasing complexity of IT infrastructure, which has prompted organizations to seek external expertise to manage their IT environments. As businesses increasingly rely on technology for their operations, the need for specialized, around-the-clock support has become critical.
Cost savings is another significant driver. By outsourcing IT functions to managed service providers (MSPs), companies can reduce labor costs, minimize capital expenditures, and shift to an operational expenditure model. This allows businesses to maintain a leaner IT budget while accessing the latest technologies and expertise without the need for significant upfront investment.
The rise of cloud computing has also fueled the demand for managed services. With more businesses migrating to the cloud, they require MSPs to manage and optimize their cloud resources. MSPs can offer the necessary skills to navigate complex cloud environments, ensuring that businesses can leverage the full benefits of cloud computing, such as scalability and flexibility.
This report is a detailed and comprehensive analysis for global IT Managed Services market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global IT Managed Services market size and forecasts, in consumption value ($ Million), 2020-2031
Global IT Managed Services market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global IT Managed Services market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global IT Managed Services market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for IT Managed Services
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global IT Managed Services market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include IBM, Accenture, Cognizant, Rackspace, SAS Institute, Presidio, CenturyLink, Unisys, Sapiens, Cisco, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
IT Managed Services market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Cloud-Based
On-Premise
Market segment by Application
BFSI
Retail
Logistics
Healthcare and Lifesciences
Government
IT and Telecom
Other
Market segment by players, this report covers
IBM
Accenture
Cognizant
Rackspace
SAS Institute
Presidio
CenturyLink
Unisys
Sapiens
Cisco
Marco Technologies
Jade Global
Dell EMC
DXC Technology
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe IT Managed Services product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of IT Managed Services, with revenue, gross margin, and global market share of IT Managed Services from 2020 to 2025.
Chapter 3, the IT Managed Services competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and IT Managed Services market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of IT Managed Services.
Chapter 13, to describe IT Managed Services research findings and conclusion.
Summary:
Get latest Market Research Reports on IT Managed Services. Industry analysis & Market Report on IT Managed Services is a syndicated market report, published as Global IT Managed Services Market 2025 by Company, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of IT Managed Services market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.