Product ID: SQMIG45C2069
Report ID:
SQMIG45C2069 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
97 |
Figures:
76
Managed Services Market size was valued at USD 242.9 billion in 2019 and is poised to grow from USD 262.09 billion in 2023 to USD 519.57 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).
Managed services help businesses to improve operational efficiency and lower the operating expenses while allowing them to concentrate more effectively on core competencies. Moreover, they ensure optimal resource distribution and utilization, which contributes to higher profitability and operational efficiency. Businesses are finding it easier to respond to technological advances thanks to scalable infrastructure and flexible managed services models. Most of these factors are expected to drive Managed Services market growth during the forecast period.
Managed services are able to delegate management functions to a third party to advance the business operations. The adoption of cloud-based technologies as well as their technological proliferation have driven the growth of managed services market.
US Managed Services Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONManaged Services Market size was valued at USD 242.9 billion in 2019 and is poised to grow from USD 262.09 billion in 2023 to USD 519.57 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).
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Product ID: SQMIG45C2069