PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1544796
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1544796
Managed Services Market size is expected to record over 11% CAGR between 2024 and 2032, fueled by a surge in launches and escalating data management demands.
To boost operational efficiency and provide superior support, companies are adopting advanced solutions tailored for intricate data environments. Responding to the rising need for secure, scalable, and dependable data management, managed services offer continuous monitoring, optimization, and dedicated support. To cite an example, in February 2024, Hitachi Vantara and Cisco unveiled their hybrid cloud-managed services, aiming to deliver integrated solutions for enhanced efficiency, security, and scalability in hybrid cloud management.
The managed services industry is segmented based on services, organization size, deployment model, industry vertical, and region.
The market share from the SMEs organization size segment is expected to witness substantial growth through 2032, driven by the increasing adoption of managed services to streamline operations, bolster IT support, and boost overall efficiency. These services cater to SMEs with scalable solutions tailored to their unique needs, encompassing data management, cybersecurity, and network monitoring. Furthermore, with the integration of advanced technologies like AI and automation, managed services empower SMEs to uphold a competitive edge while adeptly managing their IT infrastructure and resources.
In terms of industry vertical, the managed services market value from the healthcare segment is slated to generate notable revenue during 2024-2032, primarily due to its escalating demand for robust IT support and adept data management. By adopting managed services, healthcare providers aim to streamline their operations and ensure regulatory compliance. These services play a pivotal role in managing electronic health records (EHRs), telemedicine platforms, and patient data, ultimately enhancing service delivery and operational efficiency.
Europe managed services industry size is likely to record a notable growth rate through 2032 driven by increasing regulatory compliance requirements. Organizations are turning to managed services to adeptly navigate intricate regulations and comply with data protection laws like GDPR. These services offer vital assistance in compliance management, encompassing risk assessments, data security, and reporting. Furthermore, with advancements in the field, there is a push towards integrating sophisticated compliance solutions, such as automated monitoring and real-time reporting tools to ensure efficient and effective compliance for regional organizations.
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