IT Outsourcing Managed Service Market size was valued at USD 400 Billion in 2024 and is projected to reach USD 700 Billion by 2033, exhibiting a CAGR of 6.5% from 2026 to 2033.
The global IT Outsourcing Managed Service Market was valued at approximately USD 120 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.5% from 2023 to 2030. The North American region holds the largest share of the market due to the high demand for advanced IT solutions and the presence of major industry players. The market in North America was valued at around USD 50 billion in 2022 and is anticipated to maintain steady growth during the forecast period. The increasing adoption of cloud computing and automation tools in enterprises has propelled the demand for IT outsourcing services, driving the overall market growth in this region. Europe follows North America with a market size of approximately USD 30 billion in 2022 and is projected to grow at a CAGR of 8.2%, attributed to the rising focus on IT infrastructure modernization and a shift towards managed services by businesses. The Asia Pacific region is expected to witness the highest growth rate of 11.5% CAGR, driven by the expanding digital transformation efforts across industries in countries like China, India, and Japan. The regions market size was estimated at USD 25 billion in 2022, with a growing emphasis on cost effective and scalable IT outsourcing solutions.
Opportunities in the IT Outsourcing Managed Service Market are significant, especially in the APAC region, where businesses are rapidly embracing new technologies like artificial intelligence (AI), machine learning (ML), and Internet of Things (IoT) for operational efficiencies. The Middle East and Africa are also expected to witness substantial growth, with the market projected to reach USD 10 billion by 2025, growing at a CAGR of 9.1%. Increased investments in the development of smart cities and digital infrastructure in emerging economies are key drivers for the market in these regions. The Latin American market, valued at USD 7 billion in 2022, also offers growth potential, with companies increasingly outsourcing their IT management functions to reduce operational costs and focus on core business operations. These emerging markets, alongside technological advancements, are anticipated to fuel the global market’s expansion.
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IBM
Accenture
Wipro
Cognizant
DXC Technologies
HCL
HP
Infosys
Capgemini
NTT Data
CGI
SAP
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global IT Outsourcing Managed Service Market
Infrastructure Management Services
Application Management Services
Network Management Services
Security Services
Data Management Services
On-premise Outsourcing
Cloud-Based Outsourcing
Hybrid Outsourcing
Healthcare
Banking, Financial Services, and Insurance (BFSI)
Telecommunications
Retail
Manufacturing
Government and Public Sector
Small Enterprises
Medium-sized Enterprises
Large Enterprises
Dedicated Team Model
Time & Material Model
Fixed Price Model
Managed Project Model
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global IT Outsourcing Managed Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global IT Outsourcing Managed Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IT Outsourcing Managed Service Market, By Type
6. Global IT Outsourcing Managed Service Market, By Application
7. Global IT Outsourcing Managed Service Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global IT Outsourcing Managed Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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