Managed Information Services Market Size (2024 - 2029)

Information Managed Services Market Analysis

The Managed Information Services Market size is estimated at USD 305.57 billion in 2024, and is expected to reach USD 632.42 billion by 2029, growing at a CAGR of 15.66% during the forecast period (2024-2029).

Servicing the needs of companies, MSPs are cutting costs and increasing efficiency. As more and more companies move the bulk of their operations online, businesses are looking for their networks to be fast, secure, connected, and reliable. The adoption of cloud by businesses has been a boon to the market.

• Governments around the world are introducing various regulations for human-centric AI. In June 2022, Canada proposed the Artificial Intelligence and Data Act (AIDA), in which risk management and information disclosure regarding high-impact AI systems will be mandatory. These initiatives will generate new opportunities for managed service providers and help them further flourish their businesses.
• The Government of Japan plans to invest 0.63 million USD towards a joint project between the Ministry of Health and Child Care (MoHCC) and WHO (World Health Organisation). This project will provide safe, timely, affordable Surgical, Obstetric, and Anaesthesia (SOA) care services in Manicaland and Matabeleland North Provinces. Further, it will strengthen the national Health Management Information Systems (HMIS) to allow effective decision-making.
• Information management is critical to every organization’s success and requires proper investment in these processes. Systems produced internally by the company will have their internal cost estimation, and systems available on the market will have different pricing and capabilities. Budgeting decisions for these managed services software can be challenging if clients are unwilling to spend appropriately.

Information Managed Services Industry Segmentation

Third-party duties typically handled in the context of commercial information technology services are called "managed IT services." The managed services model is delegating routine responsibilities to a professional to cut expenses, enhance service quality, and free up internal employees to work on things unique to their company. Companies that provide these services to various clients are called "managed service providers."

The managed information services market can be segmented by function (data backup and recovery, network monitoring and security, human resource, and system management), deployment mode (on-premise and cloud), end-user vertical (telecommunication and IT, BFSI, and retail), and geography (North America (United States, Canada), Europe (Germany, UK, France, and Rest of Europe), Asia Pacific (China, Japan, Australia and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East and Africa ( United Arab Emirates, South Africa and, Rest of Middle-East & Africa). The report offers the market size and forecasts in USD for all the above segments.

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.