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Managed Services Market to Grow by USD 217 Billion (2025-2029), Boosted by Increased Adoption of IoT Solutions, with AI Redefining the Market Landscape – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global managed services market size is estimated to grow by USD 217 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  11.3%  during the forecast period. Increased adoption of IoT solutions is driving market growth, with a trend towards advent of big data and analytics services. However, data privacy and security risks in cloud-based services  poses a challenge. Key market players include Accenture PLC, ALE International, Amazon.com Inc., Atos SE, BMC Software Inc., Capgemini Services SAS, Cisco Systems Inc., Cloudticity LLC, Cognizant Technology Solutions Corp., DXC Technology Co., Fujitsu Ltd., Google LLC, HCL Technologies Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Infosys Ltd., International Business Machines Corp., Lumen Technologies Inc., NEC Corp., NTT DATA Corp., Telefonaktiebolaget LM Ericsson, and Verizon Communications Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Managed Services Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 11.3%

Market growth 2025-2029

USD 217 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.6

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, China, India, Canada, Germany, Japan, UK, South Korea, France, and Italy

Key companies profiled

Accenture PLC, ALE International, Amazon.com Inc., Atos SE, BMC Software Inc., Capgemini Services SAS, Cisco Systems Inc., Cloudticity LLC, Cognizant Technology Solutions Corp., DXC Technology Co., Fujitsu Ltd., Google LLC, HCL Technologies Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Infosys Ltd., International Business Machines Corp., Lumen Technologies Inc., NEC Corp., NTT DATA Corp., Telefonaktiebolaget LM Ericsson, and Verizon Communications Inc.

Market Driver

Managed Services Market: Trends and Opportunities The Managed Services Market is experiencing significant growth, driven by various trends in technology. Cloud computing is a major trend, with businesses increasingly adopting cloud-based technologies for operational efficiency and cost savings. Cybersecurity is another key trend, as businesses seek to protect their data and IT infrastructure from cyber threats. Data management is also a significant trend, with the rise of big data and the need for businesses to effectively manage and analyze their data. Artificial intelligence (AI) and automation are also popular trends, as they help businesses improve productivity and reduce costs. MSPs (Managed Service Providers) are in high demand, offering services such as network and communication collaboration, mobility, information, application testing, and cloud platform management. The Internet of Things (IoT) is also driving growth in the market, with the need for endpoint management solutions and managed network services. Industries such as retail & consumer goods, healthcare & life sciences, energy & utilities, media & entertainment, and IT services are all investing in managed services to support their digital transformation. IT security professionals are in high demand to help businesses protect their data and IT infrastructure from cyber threats. Cloud-based solutions, such as Software-as-a-Service (SaaS), are becoming increasingly popular, as they offer flexibility and scalability. Hybrid work models are also driving demand for managed services, as businesses look for ways to support their remote workforces. The market for managed services is expected to continue growing, with a focus on industry requirements and consumer needs. IoT technologies, such as robotics and optical instruments, are also expected to drive growth in the market. However, businesses must also be aware of the privacy protection challenges associated with managed services and ensure they are working with trusted providers. Aeries Technology offers a range of managed services, including network infrastructure management, server & device management, computer & helpdesk support, and managed security services. Our team of skilled resources can help businesses improve their operational efficiency, protect their data, and meet their industry requirements. Contact US today to learn more. 

Firms are leveraging analytics services to convert unstructured data from multiple online sources into valuable structured information. Advanced analytical tools like predictive analytics are used to identify patterns in business and consumer behavior. Industries such as finance, telecommunications, and healthcare have benefited from these insights to make informed decisions at the organizational level, enhancing customer service. With the proliferation of data centers and technology, businesses are recognizing the importance of analyzing and utilizing data promptly to gain a competitive edge in cost and time. 

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Market Challenges

Managed Services Market: Overcoming Challenges in Cloud Computing, Cybersecurity, and More Businesses today face numerous challenges in their IT operations, from cloud computing and cybersecurity to data management and digital transformation. Managed Service Providers (MSPs) offer solutions to help companies navigate these complexities. In the cloud era, MSPs provide managed IT services, network services, communication collaboration services, mobility services, information services, application testing, and cloud platform management. Retail & consumer goods, healthcare & life science, energy & utilities, media & entertainment, and other industries require IT security professionals to ensure data security and privacy protection. MSPs help businesses implement cloud-based technologies like AI, IoT, Blockchain, and SaaS, addressing industry requirements and consumer needs. They offer managed network services, managed data center services, managed security services, endpoint management solutions, project & portfolio management, and agile approaches. However, challenges persist. Cyber threats targeting cloud-based solutions and IoT devices require constant monitoring and AIOps analytics. Large enterprises need front-end monitoring, ADTD, and DevOps teams to maintain operational efficiency. Hybrid work models demand skilled resources for IT operations, network infrastructure, server & device management, and computer & helpdesk support. Aeries Technology, specializing in managed services, helps businesses tackle these challenges by providing a comprehensive suite of services, ensuring business productivity, application testing, and IT operations. With expertise in AI, ML, IT security, and IT infrastructure, Aeries Technology is your trusted partner for digital transformation.Cloud-based managed services have gained popularity among businesses due to their cost-effectiveness and flexibility. However, data privacy and security concerns are significant barriers to adoption, particularly in the public cloud. Cloud security management is a complex task for vendors, as online digital files require protection against unauthorized access to the cloud-based IT infrastructure. The public cloud infrastructure, which supports multiple tenants and applications, is more susceptible to vulnerabilities due to the intricacies of open-source code used in its construction. These code patchworks can introduce flaws to cloud systems, increasing the risk of cyberattacks. Organizations must carefully evaluate cloud security measures before transitioning to managed services to mitigate these risks.

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Segment Overview 

This managed services market report extensively covers market segmentation by  

Type 1.1 MDS1.2 MNS1.3 MSS1.4 MMS1.5 OthersDeployment 2.1 Cloud2.2 On-premisesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 MDS-  The Managed Data Services (MDS) segment dominates the global managed services market due to growing demand from sectors like IT, banking, financial services and insurance (BFSI), education, healthcare, and retail. SMEs in emerging countries such as China, India, Brazil, Indonesia, and Mexico drive the demand for MDS due to the need for cost-effective, reliable storage systems. MDS offers pay-per-use infrastructure, providing similar functionalities as standard data centers but through a managed service platform. The rise in digital data and focus on data security have increased the demand for cloud MDS, which reduces data theft chances and enhances processing power. Key growth drivers include the increasing number of smart connected devices, educational data from online courses, handheld devices, and data analytics for informed business decisions. The MDS market is expected to witness significant growth due to increasing data center implementation by large organizations and cost savings from adopting MDS over building in-house data centers.

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Research Analysis

The Managed Services Market is experiencing significant growth due to the increasing adoption of cloud computing, IoT devices, and digital transformation in various industries. Businesses are seeking Managed Service Providers (MSPs) to manage their IT infrastructure, ensuring operational efficiency and security. Cloud-based technologies, including platforms and applications, are becoming the norm, leading to a higher demand for managed IT services and professional services. Cybersecurity is a top priority, with IT security professionals focusing on data security and application testing to protect against threats. AI and automation are also key areas of investment, with AIOps analytics and ADTD helping to improve front-end monitoring and incident response. Industry requirements and consumer needs are driving the adoption of IoT technologies and cloud-based solutions, while hybrid work models continue to challenge organizations to maintain security and productivity. Blockchain is also gaining traction in the market, offering enhanced security and transparency for data management.

Market Research Overview

The Managed Services Market is witnessing significant growth due to the increasing adoption of cloud computing, cybersecurity, data management, artificial intelligence, automation, and IoT devices in various industries. These technologies are transforming the way businesses operate, leading to the need for Managed Service Providers (MSPs) to offer managed IT services, professional services, and digital transformation solutions. MSPs provide a range of services including network service, communication collaboration service, mobility service, information service, application testing, cloud platform, and managed IT services to ensure business productivity and operational efficiency. They offer cloud-based technologies and IoT solutions to help businesses manage their hybrid work models and address industry requirements and consumer needs. Cybersecurity and data security are critical concerns for businesses, and MSPs offer managed security services, endpoint management solutions, and privacy protection to mitigate cyber threats. The healthcare & life sciences, retail & consumer goods, energy & utilities, media & entertainment, and other industries are adopting managed services to improve their IT operations, network infrastructure, and server & device management. MSPs also offer IT operations services, project & portfolio management, agile approaches, and front-end monitoring to help businesses stay competitive and adapt to the latest industry trends. With the increasing use of AI, ML, SaaS, big data, and other cloud-based solutions, MSPs are providing skilled resources and expertise to help businesses leverage these technologies for growth and innovation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeMDSMNSMSSMMSOthersDeploymentCloudOn-premisesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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The 3rd China-ASEAN Innovation and Entrepreneurship Competition is now recruiting

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KUALA LUMPUR, Malaysia, Feb. 27, 2025 /PRNewswire/ — In collaboration with ASEAN Secretariat, the Ministry of Science and Technology of the People’s Republic of China will host the 3rd China-ASEAN Innovation and Entrepreneurship Competition.

Recently, the organizing committee of the competition, together with TusStar Malaysia,has successively conducted multiple promotional events and competitions in ASEAN countries such as Thailand, Indonesia, Malaysia, Vietnam, and Singapore, receiving enthusiastic responses from universities, innovation institutions, and science parks.

Welcome to join this international competition, showcase your entrepreneurial talent, and win generous prizes and honors!

Reason

Authoritative Endorsement: A national-level competition that bridges innovative resources between China and ASEAN.

Substantial Incentives: Total prize exceeding with RMB 500,000.

Global Exposure: Winning projects will gain international media spotlight, investment matchmaking, and support for market entry in ASEAN.

Fields

The Competition focuses on green and low-carbon technologies, as well as AI+ innovations across various fields, including but not limited to: energy conservation and environmental protection, new energy, new energy vehicles, new materials, carbon neutrality technologies, circular economy, and more.

Awards

Awards for Team Group

A total of the 6 entries will be awarded prizes and certificates of honor, namely 1 first prize with an award of RMB 50,000, 2 second prizes with RMB 30,000 each, and 3 third prizes with RMB 10,000 each.

Awards for Enterprise Group

A total of the 6 entries will be awarded prizes and certificates of honor, namely 1 first prize with an award of RMB 50,000, 2 second prizes with RMB 30,000 each, and 3 third prizes with RMB 10,000 each.

Creativity Star

A total of the 8 entries from Team Group and Enterprise Group ranked 13th to 20th in the Final will be awarded prizes and certificates of honor, with an award of RMB 4,000 each.

Cooperation Star

A total of the top 8 entries from Team Group or Enterprise Group that do not advance to the Final, while demonstrating China-ASEAN cooperation, will be awarded prizes and certificates of honor, with an award of RMB 4,000 each.

Participation Method:

You may find more information and download registration form through the following link:

http://www.caiec.cattc.org.cn:480/resource/offWeb/match/index.html

Please send all the registration materials to the mailbox caiec2022@vip.163.com (CC:caiecserviceteam@gmail.com).

The Final of the competition will be held tentatively in July 2025 in Kuala Lumpur, Malaysia

From Startup to Success, the competition will provide you with comprehensive support and opportunities to showcase your talents. Take Your Business to the Next Level. Seize the Opportunity and Register Now! 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/the-3rd-china-asean-innovation-and-entrepreneurship-competition-is-now-recruiting-302386803.html

SOURCE TusStar

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Practicing Sustainability: DEKRA Honored with ‘Global Eco Partner Award’

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BEIJING, Feb. 27, 2025 /PRNewswire/ — At the 2025 Automotive Supply Chain New Ecology Conference, organized by China Automotive News under the guidance of China Energy & Automotive Media Group Ltd., DEKRA was recognized with the prestigious Global Eco Partner Award. This accolade highlights DEKRA’s outstanding contributions to the automotive supply chain ecosystem.

Driving a New Ecosystem, Shaping a Sustainable Future

With the rapid growth of the new energy vehicle market, advancements in battery technology, automated and connected driving have accelerated the transformation of supply chain enterprises. This shift not only facilitates the new energy vehicle industry but also injects new vitality into the entire automotive supply chain.

The conference aimed to foster an open, collaborative, and inclusive industrial ecosystem, strengthening innovation-driven development, promoting the deep integration of the automotive supply chain and achieving sustainable development. Industry leaders, corporate executives, and experts convened to explore emerging trends, opportunities, and challenges while sharing best practices and strategies for enhancing cross-sector collaboration and sustainable business models.

DEKRA: Empowering the Future of the Automotive Supply Chain

As a global leader in safety, security and sustainability, DEKRA provides comprehensive services across the automotive supply chain, including homologation, testing and certification for automotive components, audit and management system certification, as well as cybersecurity and functional safety services.

Receiving the Global Eco Partner Award reaffirms DEKRA’s dedication to advancing the automotive supply chain ecosystem. Looking ahead, DEKRA remains committed to sustainability, continuously innovating service portfolio and enhancing service quality. Through close collaboration with global partners, DEKRA aims to build a safe, sustainable, and mutually beneficial automotive supply chain.

DEKRA is a global leader in testing, inspection, and certification, dedicated to becoming a trusted partner in safety and sustainability. With outstanding performance in corporate social responsibility and sustainability management, DEKRA holds a Platinum rating from EcoVadis, placing it among the top 1% of the world’s most sustainable companies.

About DEKRA

For 100 years, DEKRA has been a trusted name in safety. Founded in 1925 with the original goal of improving road safety through vehicle inspections, DEKRA has grown to become the world’s largest independent, non-listed expert organization in the field of testing, inspection, and certification. Today, as a global partner, the company supports its customers with comprehensive services and solutions to drive safety and sustainability forward—fully aligned with DEKRA’s anniversary motto, “Securing the Future.” In 2024, DEKRA is expected to generate revenue of 4.3 billion euros. Around 49,000 employees are providing qualified and independent expert services in approximately 60 countries across five continents. DEKRA holds a Platinum rating from EcoVadis, placing it among the top 1% of the world’s most sustainable companies.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/practicing-sustainability-dekra-honored-with-global-eco-partner-award-302386825.html

SOURCE DEKRA Asia Pacific

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YeahIPTV Expands 8K IPTV Offerings Amid Growing Demand for High-Resolution Streaming in 2025

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BOSTON, Feb. 26, 2025 /PRNewswire/ — In a significant move for the IPTV industry, YeahIPTV has announced a new, lower pricing structure, making 8K Ultra-HD streaming more accessible than ever before. As the demand for high-resolution streaming, multi-device access, and seamless viewing experiences continues to grow, YeahIPTV aims to position itself as the go-to choice for users seeking premium IPTV at a competitive price point. Industry analysts at Radiumify Limited note that this shift reflects broader trends in the IPTV market, where affordability and quality are becoming key differentiators.

Unmatched 8K Streaming for a Superior Viewing Experience

The introduction of 8K streaming on all channels marks a major milestone in IPTV services. With crystal-clear resolution, improved color accuracy, and ultra-smooth frame rates, YeahIPTV ensures users can experience live TV, sports, and on-demand content at the highest quality available in 2025. While traditional cable and mainstream streaming platforms continue to limit their resolution capabilities, YeahIPTV is setting a new industry benchmark by offering 8K across its entire catalog.

Streaming on Up to 5 Devices from Different Locations

Flexibility remains a core feature of YeahIPTV‘s latest offering. Users can now stream on up to five devices simultaneously, each from a different IP address, allowing families, friends, or even business users to enjoy content without restrictions. Whether accessing live sports, premium entertainment, or international TV channels, subscribers can watch from multiple locations, making YeahIPTV an ideal solution for those who travel frequently or have shared access needs.

Revolutionizing IPTV Payments with Cryptocurrency

YeahIPTV is also embracing a future-forward payment model, becoming one of the few IPTV providers to exclusively accept Bitcoin and other cryptocurrencies. This shift enhances security, privacy, and global accessibility, ensuring users can subscribe from anywhere in the world without the limitations of traditional banking.

“By adopting cryptocurrency as our sole payment method, we’re offering customers an extra layer of privacy and financial freedom,” said a spokesperson for YeahIPTV. “This approach eliminates the risks of chargebacks, protects user data, and enables seamless transactions worldwide.”

The Growing Demand for Affordable IPTV Solutions

Industry analysts predict that IPTV will continue to disrupt the traditional television industry, particularly as fiber-optic networks, 5G expansion, and broadband advancements make ultra-high-definition streaming more viable. Consumers are shifting toward IPTV solutions that offer:

Cost savings over traditional cable and satellite TV.A wider selection of international channels and on-demand content.Higher resolution streaming with lower latency.Flexible multi-device access without geographical restrictions.

With mainstream streaming platforms increasing their subscription fees and limiting content availability due to licensing restrictions, IPTV providers like YeahIPTV are bridging the gap by offering premium services without excessive costs. The newly adjusted pricing aims to reinforce this value-driven approach while ensuring users receive the highest-quality entertainment experience available today.

YeahIPTV’s latest pricing update is expected to make 8K streaming more accessible to a global audience, providing subscribers with an affordable alternative to traditional pay-TV models. With the added benefits of multi-device streaming, cryptocurrency payments, and a robust content library, the service continues to position itself as a leader in the IPTV market.

For more information about YeahIPTV’s pricing plans and features, visit YeahIPTV’s website.

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