Managed Services Market Share

North America Market Forecast

In managed services market, North America region is predicted to dominate over 36.2% revenue share by 2037. The managed services market growth is driven by technological advancements, evolving business needs, and the increasing complexity of IT infrastructure. Businesses in the region are rapidly migrating to cloud environments, including hybrid and multi-cloud models, to enhance scalability and flexibility. MSPs play a vital role in managing, optimizing, and securing these cloud environments.

In the U.S. companies are increasingly adopting hybrid and multi-cloud environments, requiring expert management from MSPs. Over 65% of enterprises in the country utilize managed cloud services for operations. The country also experiences a high volume of cyberattacks, prompting businesses to outsource cybersecurity management. Laws like HIPAA, CCPA, and SOX mandate strict security compliance, encouraging firms to partner with MSPs.

Businesses in Canada are increasingly incorporating AI, machine learning, and IoT solutions into their operations, requiring managed services for integration, management, and security. Many local enterprises are investing in digital transformation to stay competitive, leveraging MSPs for services such as cloud computing, infrastructure management, and data analytics. Canadian laws like the Personal Information Protection and Electronic Documents Act (PIPEDA) are encouraging organizations to outsource cybersecurity and compliance management to MSPs.

APAC Market Analysis

The managed services market of Asia Pacific is poised to register the fastest revenue growth by 2037. The growth of the market is driven by increasing digital transformation, rising adoption of cloud computing, and the expansion of small and medium-sized enterprises. As businesses in the region adapt to technological advancements, the demand for managed IT services is surging.

In China, several companies are launching and expanding their managed services offerings to capitalize on the rapidly growing market. For instance, in July 2021, Acquia, a digital experience firm, introduced its new China Managed Services offering, which provides digital experiences to local consumers through the country's premier managed Drupal service. Multinational enterprises can benefit from Acquia's world-class support and Drupal expertise while operating in China.

The managed services market in India is poised for robust growth, driven by digital transformation, SME expansion, and rising cybersecurity needs. With strong government initiatives like Digital India and the adoption of advanced technologies such as AI, IoT, and 5G, the market will continue to expand. Both domestic and global players are well-positioned to capitalize on the growing demand for cost-effective and scalable IT solutions.