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Spiceworks Survey Shows SMBs Spend Approximately 19% of Total Budget on Managed IT Services, Aware of Changing Economic Landscape. This shift from on-premises to the cloud is proving to be a boon for managed service providers, opening up a number of opportunities in vertical markets, such as managed security, managed network, managed data center and IT infrastructure, managed mobility, managed information and communication managed. collaboration services. Similarly, Fujitsu offers managed infrastructure services, multi-cloud managed services, and Capgemini SE offers application managed services, public cloud managed services, etc.
Initiatives that several governments are aggressively pursuing toward digital transformation, focusing on modernizing their IT infrastructure, strengthening governance and improving citizen services, are expected to drive demand for managed services during the forecast period. The managed services market is segmented by deployment (on-premises and cloud), type (managed data center, managed security, managed communications, managed network, managed infrastructure, and managed mobility), business size (small and medium business and large enterprise), vertical end user (BFSI, IT & telecom, healthcare, entertainment and media, retail, manufacturing and government) and geography. BFSI businesses require a sophisticated IT infrastructure to preserve and manage data ranging from trading instruments to record keeping, reporting and calculations, and more. As a result, many companies are turning to managed services to manage and monitor the security of these smart devices, thus promoting the growth of the managed services market in the coming years.
On-Premises Managed Services allow companies to deliver full system management to experts, ensuring maximum return and availability from existing data center investments. Managed mobility services increase business efficiency with a variety of solutions, including sourcing and logistics management, IT and process services, data security and privacy, and telecom expense management. Retail and consumer goods, healthcare, manufacturing, and telecommunications and IT are the main vertical markets contributing to the managed services market in the region. Growing demand for IT infrastructure protection from cyber threats pushes organizations to adopt managed security services (MSS) in their business models.
A managed service, physically installed on-site in a company's infrastructure, is called an on-premises managed service. Managed Services help reduce internal IT recurring expenses by ensuring that your IT infrastructure operates at optimal efficiency at all times while automating business operations. Benefits associated with deploying managed services, such as significant reductions in IT operating expenses and increasing organizational efficiency, are also expected to drive market growth. Of these two types, the Device Lifecycle Management segment is estimated to represent a larger market share and is expected to dominate the Managed Mobility Services segment.
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