Managed IT Service market size projected to reach US$ 311 billion by 2027
Updated: Nov 14, 2022
The global managed IT service market is estimated to increase from $161 billion in 2021 to US$ 311 billion in 2027
Improving profit margins and effectively meeting the needs of the changing business environment is expected to spur the market growth over the forecast period. Leading market players constantly engage in upgrading and customizing their services to sustain the competition, which in turn, is projected to offer new opportunities for market expansion. They also focus on offering advisory expert services to solve complex business problems. Managed Service Providers (MSPs) help businesses define their business strategies by keeping some factors in scope, such as the available sources, customer requirements, and market needs, among others. This, in turn, is expected to create growth opportunities for the MSPs over the forecast period.
Managed services help improve operational efficiency, reduce operating expenses, and help businesses focus on core competencies. They assist in optimal resource distribution and utilization to augment the overall profitability and operational efficiency. Technological advancements such as big data, cloud computing, and mobility services are also expected to drive the market growth. Scalable infrastructure and flexible managed services models are making it easier for businesses to respond to technological change.
Budget distribution of IT managed services in North America
According to survey conducted by Statista, on average, 9 percent of their companies' IT managed services budgets were expected to be allocated to storage/backup, security and hardware support respectively.
Managed IT market pricing
On an average estimated cost of managed IT services in United States is around $100 -$150 per person per month. For advanced security solutions and consulting it may get as high as $200 – $250 per month per person.
Per Device Range is estimated to be: $5–$100 per month
Looking for a detailed market report on Managed IT Service Industry?
Bridging Local`s team of consultant produce one of most comprehensive market reports in the industry. Email us at email@example.com to arrange a zoom call with one of our consultants to discuss your project requirements. We also offer free samples upon requests.