Connect with us

Technology

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

Published

on

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. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

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.

Discover how AI is revolutionizing market trends- Get your access now!

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.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-302364767.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Introducing Cultura: The Marketplace of Human Creativity

Published

on

By

CAMBRIDGE, Mass., Feb. 26, 2025 /PRNewswire/ — Today, we are thrilled to announce the launch of Cultura, a groundbreaking platform that redefines how creativity is valued and monetized in an era dominated by artificial intelligence. As AI increasingly commoditizes products and services, one element remains irreplaceable: authentic human connection and creativity. With Cultura, we recognize that in this age of AI abundance, human creativity is the most valuable asset, whether it’s a song, story, artwork, brand or idea, and we have built a platform to power this $62 Trillion global market. Cultura has been under development for the last year and is backed by Spaceport a leader at the intersection of IP and Web3 since 2022

“Cultura represents a bold new chapter for the creative world —one where the power of human ingenuity and intellectual property are fully recognized, rewarded and protected,” said Le Zhang, Cultura core team. “It’s exciting to finally tell the story of Cultura and our Proof-of-Rights technology, which was born from deep conversations with developers, creators and owners of globally loved brands. Many creators have questioned their roles in our future and it’s leaving them uneasy. We believe we’re unlocking unprecedented opportunities for them to unlock, secure, and monetize their creative assets on a global scale. This is a testament to our belief that in an AI-driven era, creativity remains our most valuable asset.”

Cultura is an EVM-equivalent blockchain network designed to address one of today’s most critical challenges: digitizing creative asset rights. Our innovative Proof of Rights Protocol establishes a secure and transparent system, which, in combination with Decentralized IDs to prove human authorship, allow creators and brands to safely store, validate, and monetize their work.

Imagine a digital ecosystem that combines the rigor of a global copyright office with the access of today’s decentralized marketplaces, a platform where creative ownership becomes a secure and financially rewarding asset. This will revolutionize monetization of creative assets, allowing developers to transform those assets into dynamic applications with features like composability, automated royalty flows and direct integration into ecommerce.

Built on Optimism’s OP Stack, Cultura inherits Ethereum‘s robust security while minimizing transaction fees and overhead. Integrated with the Optimism Superchain ecosystem, the network will offer seamless cross-chain interoperability with established projects like Base from Coinbase, Ink from Kraken and Soneium from Sony, making it an ideal solution for a wide range of applications. Beyond the technology, our vision is to foster a purpose-driven community of creatives and developers.

“At Optimism, we’re incredibly excited to support Cultura as it addresses a critical gap in today’s digital economy. By providing a decentralized, secure, and transparent system for creative asset rights, Cultura is unlocking a massive market. With the strength of the Superchain behind it, Cultura is well-equipped to lead the transformation of how creativity is valued and traded,” said Urv Goel, VP and Head of Global Business Development at Optimism.

With over 500,000 artists and over 500 brands teed up for launch, Cultura is poised to become the premier hub to unleash and monetize creative assets. Our flagship on-chain licensing solution, exemplified by the Spaceport Smart Licenses, has already facilitated over 3,000 commercialized agreements with prominent names such as Threadless, Toei Animation, and Roblox.

“Investing in Spaceport, the team behind Cultura, was an exciting opportunity for our team as we see this is a greenfield opportunity attempting to revolutionize an entire tech sector. Their innovative approach to digitizing and monetizing creative assets, combined with the founding team’s domain expertise solidified our excitement in supporting this endeavor. We are excited to back a project that not only reimagines the creative economy but also paves the way for a future where human creativity is rightfully celebrated.” said David Nage, Portfolio Manager, Arca.

A key component of our strategy is the cultivation of a robust developer ecosystem. Cultura offers comprehensive, developer-friendly tools and documentation designed to seamlessly integrate our technology into both on-chain dApps and off-chain platforms like Roblox. Leveraging cutting-edge blockchain technology, decentralized ID’s, and the Proof-of-Rights protocol for on-chain licensing, incredible opportunities could emerge for developers ranging from games, marketplaces, RWA tokenization, and even DeFi applications. Cultura empowers developers, creators and brands to preserve, protect, and profit from their unique artistic vision.

Our approach is simple yet transformative: the value of any creative asset network is determined by the quality of the creative assets it houses. Partnering with the largest owners of creative assets and commercialization platforms immediately legitimizes and maximizes the value of our chain for builders and users alike. Supported by leading trade organizations and industry agencies, Cultura is uniquely positioned to bridge the gap between creative ingenuity and financial opportunity.

We invite creators, brands and developers to join us on this exciting journey. Together, we can unlock the true potential of human creativity and reshape the global landscape of intellectual property. Welcome to Cultura—where your creativity becomes your most valuable asset.

For more information, please visit https://www.cultura.xyz or contact:

About Cultura

Cultura is an EVM-equivalent blockchain network and economic framework built on Optimism’s OP Stack, designed to safeguard, elevate, and monetize human creativity in an AI-driven era. Leveraging an innovative Proof-of-Rights Protocol alongside Digital IDs and seamless cross-chain interoperability, Cultura transforms creative works into secure, monetizeable assets. Our platform empowers creators, brands, and developers worldwide—whether they’re building on-chain dApps or immersive off-chain experiences—to protect and capitalize on their intellectual property. With over 500,000 artists and 500+ brands already on board and thousands of live licensing agreements facilitated with industry leaders such as Threadless, Toei Animation, and Roblox, Project Cultura is revolutionizing the global creative economy. Cultura joins a growing list of pro-human protocols like Worldchain $WLD, Story Protocol $IP, and Mantra. Cultura is currently being developed by a global team of core contributors. 

For more information, visit https://www.cultura.xyz and x.com/projectcultura.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/introducing-cultura-the-marketplace-of-human-creativity-302385728.html

SOURCE Cultura

Continue Reading

Technology

TrueML Leadership Recognized at RMAI’s Annual Conference

Published

on

By

Kelly Knepper-Stephens, Chief Legal Officer at TrueML, received Receivables Management Association International’s President’s Award recognizing her years of contributions to the organization and Mark Ravanesi, CEO of TrueAccord, was named to RMAI’s 2025 Board of Directors

LENEXA, Kan., Feb. 26, 2025 /PRNewswire-PRWeb/ — Two leaders in the TrueML Technologies d/b/a/ TrueML family recently received recognition from the Receivables Management Association International (RMAI) at its Annual Conference. Kelly Knepper-Stephens, Chief Legal Officer at TrueML, received the President’s Award recognizing her years of contributions to the organization and Mark Ravanesi, CEO of TrueAccord, was named to RMAI’s 2025 Board of Directors.

“The work RMAI does for the debt collection industry and its members is critical to building a better financial lifecycle for businesses and consumers, especially its ever-evolving certification standards,” said Kelly Knepper-Stephens, Chief Legal Officer, TrueML.

TrueML is a parent portfolio company pursuing innovative solutions to revolutionize the financial services industry through its subsidiaries TrueAccord, an industry leader in debt collection, and TrueML Products, a financial technology software company developing machine learning-driven SaaS products that enable intelligent, digital communication including in the debt collection space.

RMAI’s President’s Award recognized Knepper-Stephens for her outstanding contributions to committee goals and innovative ideas helping further the success of RMAI and its membership. Knepper-Stephens has served on the RMAI board since 2017 and chaired the Education Committee, the Legislative Fund Committee, the Editorial & Social Media Committee, the Federal Legislative Committee, and was instrumental in forming the DEI Task Force (now the DEIB Committee). She is a regular speaker at RMAI events and on webinars, and has made countless appearances in Washington D.C. representing RMAI and advocating for the industry during pivotal regulatory developments as government affairs counsel for TrueAccord, especially around the use of digital communications in debt collection.

“The work RMAI does for the debt collection industry and its members is critical to building a better financial lifecycle for businesses and consumers, especially its ever-evolving certification standards,” said Knepper-Stephens. “As technology and regulatory advancements continue to evolve and open new doors for innovation, I’m honored to receive the President’s Award for work that I believe is so important to the future of our industry.”

At the same conference, RMAI announced the election of Ravanesi to their 2025 Board of Directors in the certified third-party collection agency seat. His experience in the industry began on the phones as a collector in 1998, moving on to hold leadership roles with major originating creditors across the U.S. and internationally over the next 15 years. As CEO of TrueAccord, the trusted leader in third-party debt collection that leverages data science and technology for better consumer engagement, his focus has been on investing in the next generation of receivables management leaders, driving innovation, delivering outstanding results for clients, and advocating for fair practices at the consumer, state, and federal levels.

“As an RMAI board member, I will endeavor to champion new technologies and innovative practices, strengthen RMAI’s voice at both federal and state levels, and promote the development and delivery of resources,” said Ravanesi. “I look forward to creating positive shared outcomes for the association and our industry and working alongside other dedicated professionals with the same goal.”

Since 2013, TrueML’s family of companies has created financial technology solutions that prioritize customer experience and revolutionize consumers’ experience seeking financial health. TrueML’s artificial intelligence-based software is used by leading businesses across industries to communicate annually with more than 25 million consumers experiencing collections using a consumer-friendly, digital-first approach. To learn more about TrueML and its subsidiaries, visit www.TrueML.co, and follow the company on LinkedIn.

About TrueML

TrueML is a parent portfolio company pursuing innovative solutions to revolutionize the financial services industry.

About TrueAccord

TrueAccord is the trusted industry leader in third-party debt collection, leveraging data science and technology to deliver superior results and a best-in-class consumer experience.

Media Contact

Noelle Robillard, TrueML, 1 3054013467, press@trueml.co, www.trueml.co

View original content to download multimedia:https://www.prweb.com/releases/trueml-leadership-recognized-at-rmais-annual-conference-302385769.html

SOURCE TrueML

Continue Reading

Technology

Tiger Pistol Releases Industry Benchmark Reports Highlighting the Power of Localized Social Advertising

Published

on

By

New Reports Reveal How Local Advertising Helps Multi-location Brands in the Restaurant, Home Service, Education, Beauty and Wellness, and Fitness Industries Outperform Facebook Benchmarks

CLEVELAND, Feb. 26, 2025 /PRNewswire/ — Tiger Pistol, the most advanced local advertising platform, today announced the release of five industry-focused benchmark reports, showcasing how localized social advertising helps brands in restaurants, home services, education, beauty and wellness, and fitness achieve stronger engagement and cost efficiencies compared to Facebook benchmarks.

Access the Benchmark Reports:

Beauty and Wellness Brands Benchmark ReportEducation Brands Benchmark ReportFitness Brands Benchmark ReportHome Service Brands Benchmark ReportRestaurant Brands Benchmark Report

As brands navigate an increasingly competitive digital landscape, broad national campaigns often fail to deliver the local relevance needed to drive in-store visits, customer engagement, and conversions. Tiger Pistol’s latest reports break down industry-specific performance data, demonstrating how franchise and multi-location businesses can scale localized advertising while reducing costs and improving results.

“Our latest benchmark reports show the undeniable impact of localized social advertising,” said Sarah Cucchiara, VP of Business Development at Tiger Pistol. “Brands that activate campaigns through local Facebook Business Pages consistently outperform national campaigns, achieving lower costs and higher engagement. With these insights, franchise and multi-location businesses can confidently implement scalable local advertising strategies that drive real business impact.”

What’s Inside the Reports?

How franchise and multi-location brands outperform Facebook’s national benchmarks with local social ads.Why localized campaigns drive stronger engagement and reduce wasted ad spend.Key performance trends across industries, including cost savings, conversion rates, and audience reach.

These reports equip industry leaders with the insights needed to optimize their advertising strategy and unlock the full potential of scalable local campaigns.

Unlock the Full Potential of Localized Advertising

“These reports reinforce what we’ve seen across industries: local relevance drives better results,” added Cucchiara. “Brands that equip their locations with scalable, brand-approved local campaigns gain a competitive edge while reducing wasted ad spend.”

Tiger Pistol’s industry benchmark reports are now available for free download. Franchise leaders, multi-location marketers, and industry professionals are encouraged to explore the insights and discover how scalable local advertising can drive stronger performance.

Access the reports by visiting Tiger Pistol’s website.

About Tiger Pistol

Tiger Pistol is a premier local advertising platform designed to streamline and simplify localized advertising through the power of automation. With a focus on three core pillars – scale, simplicity, and performance – Tiger Pistol helps franchises, multi-location brands, and marketing resellers efficiently manage and optimize digital advertising campaigns. The platform automates complex tasks, allowing users to effortlessly execute large-scale, locally relevant campaigns across top digital channels like Facebook, Instagram, TikTok, and Amazon. This automation not only enhances the ease of use but also drives superior advertising performance, making effective local marketing accessible to all levels of expertise. Learn more by visiting TigerPistol.com, or following on Twitter, Facebook, or LinkedIn.

CONTACT:

Christina Morello

 Director, Marketing and Communications

 christina.morello@tigerpistol.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/tiger-pistol-releases-industry-benchmark-reports-highlighting-the-power-of-localized-social-advertising-302384833.html

SOURCE Tiger Pistol

Continue Reading

Trending