Global Managed Service Program Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global managed services program market is anticipated to grow at a significant CAGR of 11.3% during the forecast period (2022-2028). The rise in the adoption and growing users of the cloud is anticipated to drive the growth of the market. For instance, according to an article published by cloud wards, approximately 100 zettabytes of data will be stored in the cloud by 2025 globally. Google Drive is the most used cloud service with 94.4 % of the users, whereas Drop box with 66.2% users, One Drive with 39.35% users, and iCloud with 38.89% users. Moreover, the Google workplace Cloud productivity platform as a whole reached 2 billion users in 2020, while Drop box reported nearly 700 million users in 2020. Further, according to remote work statistics, approximately 34% of the workers prefer to work in the cloud and 48.0% of the businesses prefer to store their encrypted data in the cloud. Thus, the growing adoption of the cloud is anticipated to fuel the demand for managed service program market.

Looking toward the demand for managed services programs, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2021, Commvualt had launched Managed Service Provider and Aggregator Partner Advantage Programs to support the way commvault’s MSP operates while fulfilling the needs for delivering intelligent data services to customers of all sizes globally. The launch aimed to provide application and intelligent data services to its partners in an increasingly multi-cloud –world.

Similarly, in June 2021, Druv, Inc had launched its new Managed Service provider (MSP) Program. Part of the Druv Compass Partner Program, the program is designed to empower MSPs and accelerate their customer’s cloud transformation services with a simplified data protection service. Moreover, Druvas MSP program enables new partners a SaaS-based model which offers zero touch on boarding experience. Thus, such launches are anticipated to drive the growth of the global managed services program market during the forecast period (2022-2028).

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Oracle Corp IBM Corp, Microsoft Corp, and Dell Inc among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Managed Service Program Market Report by Segment

By Type

• Information Services
• Business to Business Integration
• Supply chain Managed Services

By Application

• Medical Field
• Electronic Field
• IT field
• Smart Grid field
• Others