What is IT Outsourcing Managed Service Market?
IT outsourcing managed service is the practice of outsourcing on a proactive basis certain processes and functions intended 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.
The market study is being classified by Type (IT Consulting, Equipment And Software, Network System and Others), by Application (Traditional Industry, High Tech and Others) and major geographies with country level break-up.
IBM (United States), Accenture plc. (Ireland), Wipro (India), Cognizant (United States), DXC Technologies (United States), HCL (India), HP (United States), Infosys (India), Capgemini (France) and NTT Data (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global IT Outsourcing Managed Service market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global IT Outsourcing Managed Service market by Type, Application and Region.
On the basis of geography, the market of IT Outsourcing Managed Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Controlled IT Cost and Reduced Labor Cost
- Increased Efficiency and Competitiveness
Market Trend
- Improved Stake on Security and Growth in Cyber Attacks
- Emerging Technologies like IoT and Blockchain
Restraints
- Security Issues in Outsourcing Managed Service
Opportunities
- Growing Demand from End-User Industry
Challenges
- High Cost Associated With Services
Key Target Audience
IT Outsourcing Managed Service Providers, Research Professionals, Emerging Companies, Government Body & Associations and End-user