The United States Managed Services Market Analysis Report is Segmented by Deployment Type (On-Premise and Cloud), Type (Managed Data Center, Managed Security, Managed Communications, Managed Network, Managed Infrastructure, and Managed Mobility), Enterprise Size (Small and Medium Enterprises and Large Enterprises), and End-User Vertical (BFSI, IT and Telecom, Healthcare, Entertainment and Media, Retail, Manufacturing, Government, and Other End-User Verticals). The US Managed Services Industry Trends, Size, Market Statistics and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The U.S. managed services market size was valued at USD 69.9 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 171.7 Billion by 2033, exhibiting a CAGR of 10.5% from 2025-2033. The market is primarily driven by the considerable rise in the number of remote workers requiring secure IT infrastructure, the growing adoption of AI for efficiency and cybersecurity, and the increasing utilization of industry-specific services tailored to meet challenges in various end-use sectors such as retail, healthcare, and logistics.

IMARC Group provides an analysis of the key trends in each segment of the U.S. managed services market, along with forecasts at the country and regional levels from 2025-2033. The market has been categorized based on type, deployment mode, enterprise size, and end use.

The Report Covers North America Managed Service Providers and the Market is Segmented by Deployment (On-Premise and Cloud), Type (Managed Data Center, Managed Security, Managed Communications, Managed Network, Managed Infrastructure, and Managed Mobility), Enterprise Size (Small Enterprises, Medium Enterprises, and Large Enterprises), End-User Vertical (BFSI, IT and Telecom, Healthcare, Entertainment and Media, Retail, Manufacturing, Government, and Other End-User Verticals), and Country (United States and Canada). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The global managed services market was valued at over 344 billion U.S. dollars in 2024. Overall, the global managed services market is expected to exceed 500 billion U.S. dollars in 2028. What is managed services? The managed services market is primarily concerned with the outsourcing of certain computing and IT related processes such as cloud computing, IT infrastructure, and managed IT security. The market is dominated by large tech companies such as IBM, Accenture, Cognizant, and Capgemini, who provide managed computing services to client companies of all sizes around the world. What managed services products are popular? As of 2024, the most popular managed services were security and business apps in both Europe and North America. These services provide clients with the benefits of large IT infrastructure without the need for large amounts of in-house hardware. Further, managed services for cloud, container technology, big data, and internet of things (IoT) platforms are expected to hold much potential for managed service providers in the future. This is because these technologies are increasingly adopted and deployed by organizations around the world to benefit their overall digital transformation strategy.

The Report Covers Global Managed Service Provider Industry Share & Growth and the Market is Segmented by Deployment (On-Premise and Cloud), Type (Managed Data Center, Managed Security, Managed Communications, Managed Network, Managed Infrastructure, and Managed Mobility), Enterprise Size (Small and Medium Enterprise and Large Enterprise), End-User Vertical (BFSI, IT and Telecommunication, Healthcare, Entertainment and Media, Retail, Manufacturing, Government, Other End-User Verticals), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD Billion) for all the Above Segments.

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IoT Managed Services Market Size 2025-2029

The IoT managed services market size is forecast to increase by USD 538.5 billion, at a CAGR of 33.1% between 2024 and 2029.

The market is witnessing significant growth due to the increasing adoption of IoT solutions across various industries. Industrial automation, network security, data security, and asset management are some sectors driving the demand for IoT managed services. Predictive maintenance is a key trend in this market, as organizations seek to leverage data from IoT devices for proactive maintenance and reducing downtime. Wearable technology, robotics, remote patient monitoring, and 5G technology are also contributing to the growth of the market. Additionally, the use of artificial intelligence, data analytics, and big data is becoming increasingly important for businesses to gain insights from their IoT data. However, there are challenges, such as the lack of awareness of efficient management of IoT initiatives and investments, that need to be addressed to fully realize the potential of IoT managed services. Overall, the market is expected to continue growing as businesses seek to optimize their operations and improve efficiency through IoT solutions.

What will be the Size of the IoT Managed Services Market During the Forecast Period?

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The market is experiencing significant growth as more industries adopt multi-cloud applications and integrate sensors and processors into their operations. Industrial manufacturing organizations are increasingly leveraging IoT-managed services to optimize their digital-human workforce, enhance manufacturing applications, and improve asset management. Artificial intelligence and remote monitoring are key components of these services, enabling predictive maintenance, energy consumption optimization, and data analytics. Legacy systems are being upgraded to support IoT network connectivity, while 5G technology facilitates faster data transfer and lower latency.
The market encompasses various applications, including remote patient monitoring in digital health solutions, network monitoring for data protection control, and smart urban initiatives for mobile devices. Cloud-based services, corporate IoT specialists, and IoT solutions providers continue to innovate, offering advanced capabilities such as data analytics, artificial intelligence, and real-time data processing. The market's size and direction reflect the increasing importance of IoT in various sectors, from energy consumption management to industrial automation.

How is this IoT Managed Services Industry segmented and which is the largest segment?

The IoT managed services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Network management services
  Security management services
  Infrastructure management services
  Data management services
  Device management services


Deployment

  On-premises
  Cloud


Sector

  SMEs
  Large enterprises


End-user

  Healthcare
  Manufacturing
  BFSI
  Retail
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan
    South Korea


  Middle East and Africa



  South America

By Type Insights

The network management services segment is estimated to witness significant growth during the forecast period.

The market is experiencing steady growth, driven by the increasing adoption of multi-cloud applications, sensors, processors, and digital-human workforces in various industries. Industrial manufacturing organizations are leveraging IoT for asset management, remote monitoring, and the implementation of digital factories. Artificial Intelligence (AI) and blockchain technologies are also gaining traction in the industrial IoT sector for data protection and cryptographic processes. The market encompasses services for energy and utilities, manufacturing, healthcare, IT & telecom, and more. Key players offer network management, device management, data management, and security management services.

Further, cloud-based services, data analytics, and 5G technology are integral to IoT solutions. The market is witnessing the entry of new players, including corporate IoT specialists, offering customized services for industries such as automotive and transportation, smart cities, and infrastructure services. IoT ecosystem players are focusing on providing solutions for energy consumption, digital India initiative, remote patient monitoring, and digital health solutions. The market is expected to continue its growth trajectory, fueled by the increasing adoption of IoT products and services.

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The IT Managed Services Market is projected to grow at 9.4% CAGR, reaching $436.27 Billion by 2029. Where is the industry heading next? Get the sample report now!

The managed security services market was valued at over 31 billion U.S. dollars in 2021. The managed security services market can be segmented into different deployment types, such as on-premise and cloud, managed security service provider, as well as end-user vertical. Generally, managed security service providers (MSSPs) provide managed security services (MSS) to manage their customers' information technology (IT) infrastructure.

The size of the United States Managed Services Market was valued at USD 2.6 Billion in 2023 and is projected to reach USD 5.26 Billion by 2032, with an expected CAGR of 10.60% during the forecast period. The United States managed services market is growing at a rapid pace. The reason behind this is that IT environments are becoming more complex, people are moving towards cloud computing, and businesses need to focus on their core competencies while outsourcing non-core functions. Managed services include third-party service providers managing and overseeing an organization's IT infrastructure, applications, and operations such as network management, security, cloud services, data backup, and disaster recovery. The key drivers of the market are the rise in cybersecurity threats, the adoption of cloud solutions, the need for scalability, and the reduction of operational costs. As businesses increasingly rely on digital platforms and services, the demand for 24/7 monitoring and management of IT systems is escalating. MSPs offer cost-effective and flexible solutions for companies, especially small and medium enterprises that lack in-house IT resources. Other industries including health care, retail, finance, and manufacturing industries are seeking more managed services in order to handle data efficiently and maintain regulation as well as better operational management. A Hybrid IT environment, that integrates on-premises infrastructure with cloud-based services, drives more demand for managed services. Recent developments include: July 2023: Netskope, a prominent provider of Secure Access Service Edge (SASE), announced a fresh collaboration with Wipro Limited to deliver robust cloud-native Managed Secure Access Service Edge (SASE) and Managed Zero Trust Network Access (ZTNA) services to Wipro's expansive global enterprise client base., June 2023: Wipro Limited, a leading technology consulting and services company, unveiled a managed private 5G-as-a-service solution in partnership with Cisco. This innovative offering enables enterprise customers to enhance their business outcomes by seamlessly integrating private 5G with their existing WAN/LAN/Cloud infrastructure.. Notable trends are: Changing landscape of IT infrastructure and increasing demand for work-from-home are driving the market growth.

North America IT Services Market size was valued at USD 534.9 Billion in 2024 and is projected to reach USD 917.68 Billion by 2031, growing at a CAGR of 6.98% from 2024 to 2031.

North America IT Services Market Drivers

The North America IT services market is witnessing substantial growth due to the increasing adoption of cloud computing. Cloud computing is revolutionized the way businesses operate, providing scalable, flexible and cost-effective IT solutions. The growing demand for cloud-based services is driving the need for specialized IT services to help organizations migrate to the cloud, optimize their cloud infrastructure and leverage the full potential of cloud technologies. The adoption of cloud computing is primarily fueled by the need for business agility and scalability, allowing organizations to rapidly adjust IT resources to meet evolving demands. IT service providers are pivotal in facilitating cloud integration through services like consulting, migration and management, helping align cloud strategies with business goals. These providers also aid in cost optimization by managing expenditures and implementing cost-saving strategies, including resource rightsizing and reserved instance pricing.

Further driving the North America IT services market is the growing use of hybrid and multi-cloud environments, which blend public, private and on-premises resources to fulfill diverse business needs. IT services extend to managing these complex environments, ensuring seamless integration, consistent security and compliance across platforms. The emphasis on data security as businesses move to the cloud necessitates robust security measures, which IT service providers offer through comprehensive cloud security services.

United States Cloud Managed Services Market Size By Enterprise Size (Large Enterprises, SMEs), By End–User (BFSI, IT & Telecommunication, Manufacturing, Retail), And Forecast

The report covers Network Managed Services Market Size and it is segmented by type of deployment (on-premise, cloud), end-user industry(BFSI, IT & telecommunication, government and public sector, healthcare and life sciences, manufacturing, retail & consumer goods, transportation & logistics, and other end-user industry), organization size (small & medium enterprises (SMEs), large enterprises), and geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

Market Overview:

United States managed print services market size reached US$ 9.9 Billion in ​2023​. Looking forward, IMARC Group expects the market to reach US$ 30.3 Billion by ​2032​, exhibiting a growth rate (CAGR) of 13.20% during 2024-2032. The rising focus of key players on cost optimization, technological advancements, and enhanced data security solutions are primarily driving the market growth across the country.

Managed print services (MPS) are tailored and integrated solutions designed to streamline an organization's printing infrastructure. Delivered by external service providers, these services aim to optimize and oversee the entire document output of enterprises. Managed print services implementation can occur on-premises, in the cloud, or in hybrid environments. The process includes evaluating, selectively or comprehensively replacing hardware and service components, and monitoring various devices, such as printers, fax machines, scanners, copiers, and multipurpose printing (MFP) equipment. They also take a proactive approach by analyzing organizational operations, offering improved visibility and control over input and output. This proactive stance assists in cost reduction, preventing device downtime, and optimizing the utilization of resources such as ink, paper, and energy.

United States Managed Print Services Market Trends:

The United States managed print services market is experiencing significant shifts driven by key drivers and notable trends that underscore the industry's commitment to efficiency and sustainability. A primary factor is the increasing focus on cost optimization and resource efficiency. With organizations seeking to streamline their printing infrastructure, MPS providers in the country are witnessing heightened demand for solutions that can enhance productivity while minimizing costs. Additionally, technological advancements play a pivotal role in shaping the United States managed print services market, with innovations, such as cloud based MPS gaining prominence. Moreover, there is a growing emphasis on data security within MPS solutions. As cyber threats become more sophisticated, organizations are prioritizing managed print services providers that offer robust security measures to safeguard sensitive information, aligning with stringent compliance requirements. Additionally, sustainability is emerging as a prominent trend, with businesses recognizing the environmental impact of printing operations. Besides this, the key players are responding by incorporating eco-friendly practices, promoting paperless solutions, and optimizing energy consumption in alignment with corporate sustainability goals. These drivers and trends reflect a holistic approach, ensuring that these solutions not only enhance operational efficiency but also align with the broader objectives of organizations in the modern business landscape, which is expected to fuel the market growth over the forecasted period.

United States Managed Print Services Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, deployment mode, organization size, and industry vertical.

Type Insights:

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• Print Management
• Device Management
• Discovery and Design
• Document Imaging
  

The report has provided a detailed breakup and analysis of the market based on the type. This includes print management, device management, discovery and design, and document imaging.

Deployment Mode Insights:

• On-premises
• Cloud-based
  

A detailed breakup and analysis of the market based on the deployment mode have also been provided in the report. This includes on-premises and cloud-based.

Organization Size Insights:

• Large Enterprises
• Medium Enterprises
• Small Enterprises
  

The report has provided a detailed breakup and analysis of the market based on the organization size. This includes large enterprises, medium enterprises, and small enterprises.

Industry Vertical Insights:

• BFSI
• Government
• Healthcare and Education
• Manufacturing
• Retail and Consumer Goods
• IT and Telecom
• Others
  

A detailed breakup and analysis of the market based on the industry vertical have also been provided in the report. This includes BFSI, government, healthcare and education, manufacturing, retail and consumer goods, IT and telecom, and others.

Regional Insights:

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• Northeast
• Midwest
• South
• West
  

The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided

United States Managed Print Services Market Report Coverage:

The managed workplace services market in the united states will grow substantially, rising from USD 14,325.0 million in 2025 to USD 45,890.0 million by 2035 with the CAGR of 9.6% during the forecast period.

Category-Wise Insights

The managed network services market is estimated to be appraised at US$ 61.9 Billion in 2022, anticipated to reach US$ 130.9 billion by 2032 with a CAGR of 7.8% during the forecast period from 2022 to 2032.

Report Scope

The Market Report Covers Global Cloud Managed IT Services Companies and is segmented by type (infrastructure service and network service), end-user industry (BFSI, IT & telecom, and retail), and geography (North America (US, Canada), Europe (Germany, UK, France, and rest of Europe), Asia Pacific (India, China, Japan, and Rest of Asia-Pacific), Latin America (Mexico, Brazil, and rest of Latin America), and Middle East & Africa (UAE, Saudi Arabia, and rest of Middle East & Africa)). The market size and forecasts are provided in value (USD million) for all the above segments.

According to Future Market Insights research, during the projected period, the global managed database services market is expected to grow at a CAGR of 13.1%. The market value is projected to increase from US$ 347.9 billion in 2023 to US$ 999.7 billion by 2033. The managed database services market was valued at US$ 317.7 billion at the end of 2022 and is anticipated to exhibit Y-o-Y growth of 12.7% in 2023.

Country-Wise Insights

According to Cognitive Market Research, the global managed service provider market size will be USD 301514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 14.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 120605.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 90454.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 69348.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 15075.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 6030.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.9% from 2024 to 2031.
The managed IT infrastructure & data center typically holds the largest market share of the managed service providers industry.

Market Dynamics of Managed Service Provider Market

Key Drivers for Managed Service Provider Market

Growing Need for Cybersecurity and Data Protection Drives Market Growth

The increasing demand for cybersecurity and data protection is driving significant market growth, mainly in the application of managed service providers (MSPs). As businesses rely more on digital infrastructure, they face increased risks from cyberattacks, data breaches, and regulatory compliance challenges. Managed service providers offer specialized cybersecurity services such as threat detection, incident response, and data protection solutions, allowing businesses to manage their security demands better. This outsourcing enables businesses to focus on core operations while maintaining comprehensive security. Furthermore, managed service providers' capacity to expand services and provide continuous surveillance makes them an appealing alternative for organizations of all sizes in a changing threat circumstance. For instance, Produce8, a leading work analytics software vendor, launched its new MSP Partner Program in June 2024 to enable MSPs to provide clients with Produce8’s advanced work analytics tools. This initiative aimed to enhance productivity, optimize operations, and improve employee experiences through detailed insights and analytics for data-driven decision-making.

Increasing Adoption of IoT and Big Data Analytics Fuels Market Growth

The managed service provider (MSP) market is expanding significantly due to the growing adoption of IoT and big data analytics. As companies connect IoT devices, the volume of data generated increases, and advanced analytics tools are required to extract relevant insights. Managed service providers offer full data management services, including seamless connectivity, security, and real-time monitoring. Furthermore, considering the complicated nature of big data analytics, many businesses rely on managed service providers to handle infrastructure, maintenance, and optimization. Managed service providers assist organizations in scaling operations, decreasing expenses, and improving decision-making by utilizing cloud-based solutions, which fuels market growth in a wide range of industries.

Restraint Factor for the Managed Service Provider Market

Dependence on Third-Party Providers For Certain Services Hampers Market Growth

Managed service providers (MSPs) might find it challenging to extend their offerings if they depend on outside service providers offering certain services. Relying on third-party vendors for critical components such as cloud infrastructure, software solutions, or cybersecurity technologies can pose concerns such as vendor lock-in, service disruptions, and restricted flexibility. Managed service providers may struggle to differentiate their services or maintain competitive pricing due to the costs associated with third-party dependence. Furthermore, third-party suppliers may have different objectives or service level agreements, resulting in delays or quality issues that can harm managed service providers' customer relationships. These obstacles li...

The video managed services market is expected to grow from $83.29 billion in 2025 to $328.75 billion by 2033, exhibiting a CAGR of 17.76% during the forecast period. The growth of the market can be attributed to the increasing adoption of cloud-based video surveillance and managed video surveillance (MVS) services. These services provide businesses with a cost-effective and efficient way to manage their video surveillance systems without the need to invest in expensive equipment and infrastructure. Additionally, the growing demand for security and surveillance solutions, business intelligence, compliance management, and customer experience management is also driving the growth of the video managed services market. The key drivers of the video managed services market include the rising adoption of IoT devices, the increasing demand for video analytics, and the need for improved security measures. The major trends in the market include the adoption of AI-powered video analytics, the integration of video surveillance with other security systems, and the growing popularity of remote monitoring. The market is segmented by deployment mode (on-premises, cloud-based, and hybrid), service type (video surveillance as a service (VSaaS) and managed video surveillance (MVS)), application (security and surveillance, business intelligence, compliance management, and customer experience management), vertical (retail, banking, financial services, and insurance (BFSI), and healthcare), organization size (SMEs and large enterprises), and region (North America, South America, Europe, Middle East & Africa, and Asia Pacific). Key drivers for this market are: Cloud-based video surveillance AI-powered analytics remote monitoring cybersecurity 5G connectivity . Potential restraints include: Rising Cloud Adoption Advancements in AIML Growing Adoption of Unified Communications and Collaboration Increasing Demand for Security and Compliance Proliferation of IoT Devices .

The global managed infrastructure services market size is poised to hit US$ 89,623.2 million in 2023. The demand for managed infrastructure services is anticipated to experience a robust CAGR of 10.3% from 2023 to 2033. As this upward trajectory continues, the market is projected to reach a substantial sum of US$ 239,596.3 million by 2033.

Category-wise Analysis

Report Scope