Over the forecast period until 2029, the revenue change is forecast to exhibit fluctuations among the nine segments. Only in the segment Bus Tickets, a significant increase can be observed over the forecast period. In this segment, the revenue change exhibits a difference of ***** percent between 2021 and 2029. Find other insights concerning similar markets and segments, such as a comparison of countries or regions regarding revenue and a comparison of revenue growth in Australia & Oceania. The Statista Market Insights cover a broad range of additional markets.

Significant fluctuations are estimated for all segments over the forecast period for the revenue change. The revenue change is forecast to follow mostly a negative trend. A closer examination reveals that the values decrease in more segments than they increase. For instance, the segment Mobile Voice experiences an exceptionally strong decrease at 2029, with a value of 3.2 percent. Find other insights concerning similar markets and segments, such as a comparison of average revenue per user (ARPU) worldwide and a comparison of average revenue per user (ARPU) in Asia. The Statista Market Insights cover a broad range of additional markets.

In 2021, Wipro experienced a year-on-year growth rate of **** percent. Other IT service providers that experienced strong growth that year are TCS and Infosys. Growth in IT services is driven by a move to the cloud, as well as an overall tendency towards outsourcing models as flexibility is favored to stay agile. Further, IT services are necessary for business innovation and to accomplish digital transformation strategies.

Hyperlocal Services Market report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028

Engineering Services Market Size, Share & Trend Analysis Report by Services (Designing, Prototyping, System Integration, Testing and Others), By Location (Onshore and Offshore), By Application (Aerospace, Automotive, Industrial, Consumer Electronics, Semiconductors, Healthcare, Telecom and Others), and By Region - Market Scope, Global growth Opportunities, Threats & Industry Forecast, 2021-2028

Snapshot img { margin: 10px !important; } The cloud services brokerage market share is expected to increase by USD 30.07 billion from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 26.41%. This cloud services brokerage market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The cloud services brokerage market report also offers information on several market vendors, including Accenture Plc, Arrow Electronics Inc., Capgemini Services SAS, Cognizant Technology Solutions Corp., Dell Technologies Inc., DXC Technology Co., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., and Wipro Ltd. among others. Furthermore, this report extensively covers cloud services brokerage market segmentation by deployment (public, private, and hybrid) and geography (North America, APAC, Europe, MEA, and South America).

What will the Cloud Services Brokerage Market Size be During the Forecast Period?

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Cloud Services Brokerage Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The access to expertise is notably driving the cloud services brokerage market growth, although factors such as latency in the cloud network may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cloud services brokerage industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cloud Services Brokerage Market Driver

One of the key factors driving the cloud services brokerage market growth is the access to expertise. Cloud, as a concept and technology, is relatively new in the IT industry, and all enterprises are not aware of the benefits of the technology. However, in the recent past, several enterprises across the world had adopted cloud and hybrid deployment models. However, without the required expertise in cloud management, many enterprises are not being able to realize the full benefits of cloud services. Cloud services brokers, being erudite in their field, reduce the barriers associated with the adoption of cloud services by enabling enterprises to effectively and efficiently understand and manage the cloud. The transformation from the traditional method of data storage to the cloud involves several processes and technical interfaces. The brokers manage and customize services in the cloud due to their knowledge and skill, which are required to understand advances in technology. Sometimes, they also evaluate services from different CSP and enable enterprises to understand the use of cloud services to encourage digital innovation.

Key Cloud Services Brokerage Market Trend

Another key factor driving the cloud services brokerage market growth is the customization of cloud features. Enterprises require the services of CSPs for different functions. Hence, they require customization, such as a combination of aggregation and integration with other value-added services. Cloud services brokers provide the option of customization using open-source projects such as CompatibleOne. OpenText Cordys, which is a set of proprietary software tools dedicated to the customization of cloud brokering platforms, can also be used. VerioCatalyst, which is a platform with a layered architecture, can also be used for customization. VerioCatalyst offers a service provisioning system, an administration platform, and a retail interface. It has payment and product bundling capabilities. The customization of cloud services offers unique purpose-oriented platforms such as Virtacore, a company that specializes in disaster recovery and Google Apps. Some companies make an additional effort into a specific differentiating feature. For instance, Green Cloud Technologies uses technologies such as VMware, NetApp, and Cisco and focuses on answering a specific and custom client need. However, security and trust optimization aspects have not been addressed sufficiently.

Key Cloud Services Brokerage Market Challenge

Latency in the cloud network is one of the key challenges hindering the cloud services brokerage market growth during the retrieval of information from the public cloud infrastructure. The latency in a cloud network is less predictable and further complicated to measure. Tools for measuring latency, such as Ping and Traceroute, are usually not used. There are multiple factors for latency, such as distributed computing, virtualization, and prioritizing traffic. When the cloud environment is larger, i

Snapshot img { margin: 10px !important; } Overview of the global IT-as-a-service market

Market research analysts at Technavio predict that the global IT as a service market will grow steadily at a CAGR of more than 22% by 2021. This market research analysis identifies the increased need for intra-department cost-benefit analysis as one of the primary growth factors for this market. The cumbersome allocation of budgets and the unequal usage of shared resources makes it difficult for the organization to estimate benefits between the departments. The key players in the market provide service catalog tools that create a service catalog and also enables users to order and consume IT services directly. Additionally, this tool also aids organizations to decipher the exact volume of the consumption of services listed in the catalog.

Enterprise mobility is gaining traction due to the increasing preference for bring your own device (BYOD) since it enables the employees to use their personal devices for professional purposes. BYOD requires a specific management system and IT service delivery framework to guarantee electronically secure and productive work environments to access secure computer networks. The implementation of BYOD policy has increased the demand for cloud-based database management system with flexible storage system and quick access to data. According to this market research and analysis, the rise in adoption of bring your own device (BYOD) policy will be one of the key trends behind the growth of this market.

Competitive landscape and key vendors

The market is highly competitive and fragmented due to the presence of several large players who offer various innovative solutions. The vendors in the market compete based on pricing, product expansion, IT security, compliance, innovation, and portfolio expansion. The changing business requirements and technological innovations encourages the vendors to innovate their products and services.

The leading vendors in the market are -

BMC Software
HPE
IBM
Red Hat
Red Hat in Cloud Management Solutions
VMware

The other prominent vendors in the market are Accenture, Adaptive Computing, CA Technologies, Cisco Systems, Citrix Systems, CloudBolt Software, Convirture, CSC, Dell EMC, Egenera, Embotics, GigaSpaces Technologies, Micro Focus, Oracle, RightScale, Scalr, ServiceNow, Splunk, and Zimory.

Segmentation by end user and analysis of the IT-as-a-service market

Banking, financial services, and insurance (BFSI)
Telecom
Retail
Healthcare
Energy utilities

BFSI firms are the primary users of IT solutions and trends such as analytics, cloud computing, and virtualizations. Financial firms are increasingly adopting ITaaS (IT-as-a-service) as it minimizes the up-front cost of IT expenditures and to implement flexible and customizable IT solutions as per business requirements. To offer a seamless user experience, this end user segment is increasingly focusing on multichannel interactions.

Geographical segmentation and analysis of the IT-as-a-service market

Americas
APAC
EMEA

The growing need for the global enterprises in Americas to develop IT infrastructure to gain a competitive edge and the increasing competition among the IT service providers influences the demand for IT services in this region. Various firms in America have implemented various cost-effective and automated IT solutions such as IT outsourcing or cloud computing services that have emerged as a viable option for enterprises.

Key questions answered in the report include

What will the market size and the growth rate be in 2021?
What are the key factors driving the global IT-as-a-service market? 
What are the key market trends impacting the growth of the global IT-as-a-service market? 
What are the challenges to market growth?
Who are the key vendors in the global IT-as-a-service market?
What are the market opportunities and threats faced by the vendors in the global IT-as-a-service market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global IT-as-a-service market?

Technavio also offers customization on reports based on specific client requirement.

Managing IT is a complex activity, and businesses usually hire people or teams to take care of their IT infrastructure, and yet are not be able to manage it efficiently. IT as a service provides a business with the exact amount of hardware, software, and support it requires in exchange for a fee. IT as a service is an emerging part of Technavio’s ICT industry, which covers related sectors such as IT security, machine to machine (M2M) and connected device, data center, IT spending, and product lifecycle management. The upcoming research report on the global IT as a service explores the emerging market by observing factors such as market size, technological adva

In Italy, between 2019 and 2021, the market size of all cloud computing service models increased. For instance, Software-as-a-Service (SaaS) experienced the greatest growth from 2019 to 2020 (46 percent) and, although between 2020 and 2021, it underwent the smallest one, it still recorded the highest market revenue, which amounted to over one billion euros.

Snapshot img

K-12 IT Infrastructure Spending Market in the US - 2021-2025

The K-12 IT infrastructure spending market size in the US is expected to reach a value of USD 9.59 billion, at a CAGR of 4.60%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the emergence of virtual schools are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

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K-12 IT Infrastructure Spending Market Segments in the US

Get actionable insights on the K-12 IT infrastructure spending market in US segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by end-user (commercial and government) and component (services, software, and hardware) in this K-12 IT infrastructure spending market in US report to pursue growth opportunities.

Furthermore, given the current pandemic situation and its significant effect on industries, it is essential to understand the vulnerable market segments and recovery scope. Our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities to strengthen market foothold. Want a thorough qualitative and quantitative analysis on the post-pandemic K-12 IT infrastructure spending market in US predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

K-12 IT Infrastructure Spending Market Vendors in US and Competitive Analysis

    The K-12 IT infrastructure spending market in US is fragmented and the vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

    The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

    For detailed insights on complete key vendor profiles buy the full K-12 IT infrastructure spending market in US forecast report. The profiles include particulars on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

K-12 IT Infrastructure Spending Market in US Insights by End-user

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The K-12 IT infrastructure spending market in US share growth by the commercial segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the K-12 IT infrastructure spending market size in the US.

From the K-12 IT infrastructure spending market in US segmentation insights, players can identify the demand pattern of target customers and make effective business plans to capture untapped segments. In addition, the analytical data on the segmentation will enable effective product and service positioning among the right end-users, which will facilitate significant exposure and growth for the vendors. Get updated actionable market insights on post COVID-19 impact on each segment.

K-12 IT Infrastructure Spending Market in US Drivers & Trends

Even if the success rate of a business is higher, every factor, including challenges, influencing any market growth needs to be considered to mitigate potential risks at an earlier development stage. One of the key factors impeding the K-12 IT infrastructure spending market growth in the US is the threat from open-source platforms. Purchase our express report to get exhaustive insights on the key industry trends, drivers, and challenges, which will help companies evaluate and build growth strategies.

Technavio research analysts have done an in-depth analysis of the K-12 IT infrastructure spending market in US trends, drivers, and challenges in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.

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K-12 IT Infrastructure Spending Market in US Report Outlook

CAGR of the mark

Significant fluctuations are estimated for all segments over the forecast period for the revenue change. The revenue change decreases only in the segment Mobile Voice towards the end of the forecast period, while the remaining segments follow a positive trend. The absolute difference between 2021 and 2029 is 5.03 percent. Find other insights concerning similar markets and segments, such as a comparison of average revenue per user (ARPU) in Asia and a comparison of average revenue per user (ARPU) worldwide. The Statista Market Insights cover a broad range of additional markets.

MEA Cloud Infrastructure Services Market Outlook

In 2023, the global market size for Cloud Infrastructure Services was estimated at USD 200 billion, and it is projected to reach USD 600 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 12.5%. The Middle East and Africa (MEA) region is experiencing significant growth in the cloud infrastructure services market, driven by several factors including the increasing adoption of digital transformation initiatives, robust economic policies, and an expanding tech-savvy youth population.

The growth of the MEA Cloud Infrastructure Services market is highly influenced by the rapid technological advancements and increasing digitalization across various industries. Governments in the region are making substantial investments in developing smart cities and e-governance platforms, which necessitate robust cloud infrastructure. This has led to a surge in demand for scalable, cost-effective, and efficient cloud services, further propelling the market forward. Additionally, the proliferation of mobile internet and the growing acceptance of remote working models have accelerated the shift towards cloud-based solutions.

Another significant growth factor is the increasing focus on cybersecurity within the MEA region. With the rising number of cyber threats and data breaches, organizations are prioritizing secure and reliable cloud infrastructure to safeguard sensitive information. This has resulted in a higher adoption rate of cloud services among businesses of all sizes. Moreover, the evolution of artificial intelligence, machine learning, and big data analytics is fostering the need for advanced cloud infrastructure capable of handling complex workloads and data processing tasks.

The MEA region is also witnessing a noticeable increase in start-up activities and entrepreneurial ventures, particularly in the technology sector. These new enterprises often lack the financial resources and technical expertise to build and maintain traditional IT infrastructure, making cloud services an attractive alternative. Cloud infrastructure services offer these businesses the flexibility to scale operations efficiently, reduce overhead costs, and focus on core competencies. Furthermore, major global cloud service providers are expanding their presence in the MEA market, introducing localized data centers, and forming strategic partnerships with regional players, which is contributing to market growth.

Regionally, the MEA cloud infrastructure services market is benefiting from favorable government policies and initiatives aimed at fostering technological innovation and economic diversification. Countries such as the United Arab Emirates (UAE) and Saudi Arabia are at the forefront of this transformation, with ambitious projects and investments in cloud technology. For instance, Saudi Arabia's Vision 2030 and the UAE's Vision 2021 are aimed at boosting digital infrastructure and promoting a knowledge-based economy. These initiatives are expected to create substantial opportunities for cloud service providers and drive sustained market growth over the forecast period.

Service Type Analysis

The MEA Cloud Infrastructure Services market is segmented into three main service types: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Each of these segments offers unique benefits and caters to different organizational needs, fueling the overall market growth. Infrastructure as a Service (IaaS) is gaining significant traction due to its flexibility and cost-effectiveness. IaaS allows businesses to rent IT infrastructure such as servers, storage, and networking components on a pay-as-you-go basis, eliminating the need for substantial capital expenditure. This model is particularly appealing to start-ups and small and medium enterprises (SMEs) looking to scale operations rapidly without incurring high upfront costs.

Platform as a Service (PaaS) is another segment experiencing robust growth, driven by the increasing demand for application development and deployment capabilities. PaaS provides a comprehensive environment for developers to build, test, and deploy applications without worrying about the underlying infrastructure. This segment is particularly popular among software developers and IT departments looking to streamline development processes and reduce time-to-market for new applications. Furthermore, the integration of advanced technologies such as AI and machine learning into PaaS solutions is enhancing their capabilities and attracting a broader user base.

The report covers Online Grocery Market Indonesia, Indonesia Online Food Market, Food Delivery Market Indonesia, East Java Order Online Beauty Care, Car Rental Online Market Indonesia, Trends and Development On Demand Services Market, On-Demand Transportation Apps In Indonesia, On-Demand Services in Indonesia, Go-Jek Market Share Indoensia.

Snapshot img { margin: 10px !important; } System Integration Services Market for Industrial Automation in India - 2021-2025

The system integration services market size for industrial automation in India is expected to reach a value of USD 420.53 million at a CAGR of 17.35%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as increasing plant complexities are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

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System Integration Services Market Segments for Industrial Automation in India

Navigate through market segmentation by end-user (process industry and discrete industry) and service (software integration services, hardware integrations services, and consulting services) in this system integration services market report for industrial automation in India to pursue growth opportunities.

Get actionable insights on the system integration services market segments for industrial automation in India to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic system integration services market predictions for industrial automation in India on-demand changes for 2021-2025? You can buy the report now with one easy click.

System Integration Services Market Vendors for Industrial Automation in India and Competitive Analysis

    The system integration services market for industrial automation in India is fragmented and the vendors are deploying growth strategies such as focusing on offering IoT-related products and services to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

    The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

    Buy the full system integration services market forecast report for industrial automation in India for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

System Integration Services Market Insights for Industrial Automation in India by End-user

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The system integration services market share growth for industrial automation in India by the process industry segment will be significant during the forecast period. The growing energy demand has encouraged companies in India to explore new conventional and non-conventional hydrocarbon resources. Such exploration has driven the demand for automation and instrumentation solutions in the oil and gas, chemical and petrochemical, and power industries. This report provides an accurate prediction of the contribution of all the segments to the growth of the system integration services market size for industrial automation in India.

From the system integration services market segmentation insights for industrial automation in India, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

System Integration Services Market Drivers & Trends for Industrial Automation in India

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding system integration services market growth for industrial automat

Snapshot img { margin: 10px !important; } The fieldbus solutions market size for process industry in the US is expected to grow by USD 126.27 million and record a CAGR of 4.59% during 2021-2025.

This post-pandemic fieldbus solutions market for process industry in US report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this fieldbus solutions market for process industry in US analysis report, key drivers such as benefits attained by end-users have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as increasing preference for ethernet among industrial end-users, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Fieldbus Solutions Market Size for Process Industry in the US be in 2021?

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Who are the Key Vendors in the Fieldbus Solutions Market for Process Industry in the US?

The fieldbus solutions market for process industry in US forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

ABB Ltd.
Belden Inc.
Eaton Corporation Plc
Emerson Electric Co.
Endress+Hauser Group Services AG
Flowserve Corp.
Honeywell International Inc.
Rockwell Automation Inc.
Schneider Electric SE
Siemens AG

The fieldbus solutions market for process industry in the US is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This fieldbus solutions market for process industry in US report further entails segmentation by end-user (oil and gas industry, chemical and petrochemical industry, power industry, metal and mining industry, and others), protocol (PROFIBUS, modbus, DeviceNet, AS-i, and SERCOS), and solution (hardware, software, and services). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

What are the Revenue-generating End-user Market Segments for Fieldbus Solutions Market for Process Industry in US?

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The report offers an up-to-date analysis of the end-user segmentations. The oil and gas industry segment will record a significant growth rate during 2021-2025 and will offer several growth opportunities to market vendors. To garner further competitive intelligence and opportunities in store for vendors in various market segments, view our sample report. This report provides estimations of the contribution of all regions to the growth of the fieldbus solutions market size for process industry in the US.

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What are the Key Factors Covered in this Fieldbus Solutions Market for Process Industry in US Report?

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive the fieldbus solutions market growth for process industry in the US during the next five years
Precise estimation of the fieldbus solutions market size for process industry in the US and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the fieldbus solutions market for process industry in US
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of fieldbus solutions market vendors for process industry in the US 

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    Fieldbus Solutions Market For Process Industry In US Scope




    Report Coverage


    Details




    Page number


    120




    Base year


    2020




    Forecast period


    2021-2025




    Growth momentum & CAGR


    Accelerate at a CAGR of 5%




    Market growth 2021-2025


    USD 126.27 million




    Market structure

Security Solutions Market

Tanzania Artificial Intelligence As A Service Market size is anticipated to register growth during 2021-27

In an effort towards becoming the City of the Future, Gilbert is exploring potential solutions for a robust broadband network to ensure every home and business always has access to high-speed and reliable internet. Imagine video calls that don’t lag, increased security for business transactions, or a traffic light that’s able to automatically change based on predictive smart technology.We asked the community to be part of the decision-making process by asking for their feedback in a survey. The results were used to understand the community’s internet service priorities.

According to Cognitive Market Research, the global Managed Services market size will be USD 367,842.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 7.20% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 136,101.76 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 106,674.35 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033.
APAC held a market share of around 24% of the global revenue with a market size of USD 88,282.22 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 13,978.02 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2025 to 2033.
Middle East had a market share of around 4.0% of the global revenue with a market size of USD 14,713.70 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033.
Africa had a market share of around 2.2% of the global revenue with a market size of USD 8,092.54 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2025 to 2033.
Managed IT Infrastructure & Data Center Service is the dominating segment of the Managed Services industry

Market Dynamics of Managed Services Market

Key Drivers for Managed Services Market

Surge in IoT Connections Fueling Demand for Managed Services

Surge in IoT Connectivity Driving Demand for Managed Services

The rapid expansion of the Internet of Things (IoT) is driving an increasing demand for managed services. As more devices become interconnected, businesses face new challenges in managing and securing the vast amounts of data generated by these devices. The need for specialized solutions to support IoT network integration, management, and security is growing. According to GSMA, the global number of IoT connections is expected to rise from 15.1 billion in 2021 to 23.3 billion by 2025, reflecting a 54% increase over just five years. Also, GSMA Intelligence predicts that IoT connections will exceed 38 billion by 2030, with the enterprise sector representing over 60% of the total connections. This surge in IoT connectivity creates significant opportunities for managed service providers to offer tailored solutions to businesses seeking to efficiently handle IoT-related infrastructure management and security, fueling continued growth in the managed services market.

https://www.gsmaintelligence.com/research/iot-connections-forecast-to-2030

Rise in Cloud Adoption Driving Managed Services Growth

The shift towards cloud computing continues to accelerate, with businesses migrating to cloud-based infrastructure and services to enhance flexibility, scalability, and cost-efficiency. This widespread cloud adoption has created a demand for managed services that can optimize cloud environments, ensure data security, and facilitate seamless integration with existing IT systems. As companies embrace cloud-based solutions, managed service providers play a crucial role in helping businesses navigate complex cloud deployments and ensure continuous, reliable cloud performance. The ongoing trend of cloud adoption is expected to significantly contribute to the growth of the managed services market.

Restraint for the Managed Services Market

High Initial Investment Costs Limiting Market Growth

One of the key challenges hindering the growth of the managed services market is the high initial investment required for implementing and managing these services. Businesses, particularly small and medium-sized enterprises (SMEs), may face financial constraints when adopting managed services due to the substantial upfront costs involved in integrating new IT infrastructure, tools, and software solutions. These costs can limit the willingness of businesses to adopt managed services, especially when coupled with the need for ongoing operational expenditures. As a result, high initial investment costs remain a significant restraint to the widespread adoption of managed services across various industries.

Introduction of the Managed Services Market

The managed services market enco...

The size of the Mobile Value Added Services Market was valued at USD 0.79 Billion in 2024 and is projected to reach USD 2.01 Billion by 2033, with an expected CAGR of 14.30% during the forecast period. The Mobile Value Added Services (MVAS) market is experiencing significant growth, driven by the increasing adoption of smartphones, expanding internet penetration, and rising demand for personalized digital content. MVAS includes services like mobile banking, entertainment, e-commerce, and location-based services that enhance user experience beyond basic voice and text communication. The proliferation of 5G networks and advancements in artificial intelligence, cloud computing, and big data analytics are further fueling market expansion. Telecom operators and service providers are leveraging MVAS to boost revenue streams and improve customer engagement. Additionally, the growing popularity of mobile gaming, video streaming, and digital payment solutions is contributing to market growth. Businesses are investing in innovative solutions to cater to evolving consumer preferences, particularly in emerging economies where mobile usage is surging. Regulatory frameworks and data privacy concerns remain key challenges, prompting industry players to adopt secure and compliant solutions. The integration of MVAS with IoT, augmented reality, and blockchain technology is expected to unlock new opportunities, making the market highly competitive and dynamic. As digital transformation accelerates globally, MVAS is poised to play a crucial role in shaping the future of mobile communications. Recent developments include: January 2021: Weiyouxin Technology, a private domain SaaS software operating service provider, has received funding from ZW Data Action Technologies, Inc. (the US), a firm that offers integrated data analytics, online advertising, precision marketing, and other value-added services. January 2021: State-run BSNL (India) awarded PertSol (Part Telecom Solutions Pvt Ltd.) a contract of Rs 30 crore for the deployment of a Location Based System (LBS) for the telco's pan-Indian 2G, 3G, and 4G networks. According to the Unified Access Service License (UASL) regulations, the telecom department ordered the implementation of LBS in 2014. January 2021: A tier-1 CSP in Europe has chosen Allot HomeSecure and BusinessSecure to offer consumers and small businesses cybersecurity and content control services, according to Allot Ltd. (the UK), a top provider of cutting-edge network intelligence & security-as-a-service (SECaaS) solutions supporting CSPs and enterprises. This agreement comes after the service provider successfully used Allot's NetworkSecure to safeguard CPEs, routers, and other devices in homes and businesses. . Key drivers for this market are: Increasing smartphone penetration and mobile internet usage.

Growing demand for digital content and entertainment.

Convenience and accessibility of MVAS.

Adoption of mobile commerce and digital payments.

Government initiatives promoting mobile technology adoption.. Potential restraints include: Regulations and compliance requirements.

Competition from OTT services and free apps.

Data privacy and security concerns.

Limited access to mobile devices in some regions.. Notable trends are: Personalized Content and Recommendations: Leveraging AI/ML to tailor MVAS to individual user preferences.

Augmented Reality (AR) and Virtual Reality (VR) Experiences: Enhanced user engagement and immersive services.

5G Technology Integration: Faster speeds and improved connectivity for MVAS.

Blockchain Applications: Secure and transparent transactions in mobile commerce and other MVAS..

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42% of the software testing services market share was occupied by North America in 2021-2025. This region will continue to exhibit a high growth rate and create several growth opportunities for market vendors during the forecast period 2021-2025.

The software testing services market report also provides several other key information including:

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive software testing services market growth during the next five years
Precise estimation of the software testing services market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the software testing services market industry across North America, Europe, APAC, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of software testing services market vendors