The Asia Pacific Managed Services Market would witness market growth of 8.4% CAGR during the forecast period (2021-2027).
On customers' premises, in their MSP's data center (hosting), or a third-party data center, a managed service provider (MSP) provides services like network, application, infrastructure, and security through continuing and regular maintenance and active administration. MSPs might offer their native services alongside those of other providers (for instance, a security MSP providing sys admin on top of a third-party cloud IaaS). Pure-play MSPs specialize in a single vendor or technology, which is generally their core service. Many managed service providers (MSPs) provide services from a number of vendors. The term MSP was originally used to refer to infrastructure or device-centric services, but it has now been expanded to include any form of ongoing management, support, and maintenance.
Every business entails some level of risk. This can be mitigated by lowering the individual risk involved with each key business service. By offering their proprietary processes as well as access to contemporary infrastructure and software, an MSP may assist lower the risk. This ensures that best practices are followed and that the risk of service delivery is minimized.
As a growing number of organizations develop formal strategies to assist their efforts, digital transformation has become a key priority in the country and is moving at a fast rate. China's State Council issued a proposal in January 2021 to help the digital economy thrive during the 14th Five-Year Plan period (2021-2025). China's digital transformation of industries would reach a new level by 2025, as per the strategy, with digital public services becoming more inclusive as well as the digital economy governance framework improving noticeably.
By keeping up with current technology, managed service providers in China are focusing on decreasing security risks and streamlining operations for end-users. The managed services sector is dominated by the country's telecommunications firms. To acquire market share, these firms are also strategically purchasing companies that provide managed services.
The China market dominated the Asia Pacific Managed Services Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $30,915.8 million by 2027. The Japan market is anticipated to grow at a CAGR of 7.7% during (2021 - 2027). Additionally, The India market would display a CAGR of 9.1% during (2021 - 2027).
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Government & Defense, Media & Entertainment, Manufacturing and Others. Based on Deployment Type, the market is segmented into On-premise and Hosted. Based on Type, the market is segmented into Managed Data Center & IT Infrastructure, Managed Network & Communication Services, Managed Mobility Services, Managed Information Services, Managed Security Services, and Others. Based on Managed Information Service Type, the market is segmented into Business Process Outsourcing (BPO), Business Support Systems, Project & Portfolio Management and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Managed Services Market is Projected to reach USD 372.8 Billion by 2027, at a CAGR of 7.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Atos Group, Accenture PLC, Fujitsu Limited, Cisco Systems, Inc., DXC Technology Company, Tata Consultancy Services Ltd., Rackspace Technology, Inc., AT&T, Inc., and Verizon Communications, Inc.
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