India managed services market size reached INR 40,199.3 Crore in 2023. Looking forward, IMARC Group expects the market to reach INR 85,905.4 Crore by 2032, exhibiting a growth rate (CAGR) of 9.10% during 2024-2032. The growing complexity of IT infrastructure and technologies, which has led many businesses to seek external expertise for managing and optimizing their IT environments, is driving the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023 |
Forecast Years
|
2024-2032 |
Historical Years
|
2018-2023
|
Market Size in 2023 | INR 40,199.3 Crore |
Market Forecast in 2032 | INR 85,905.4 Crore |
Market Growth Rate (2024-2032) | 9.10% |
Managed services refer to the outsourcing of a company's IT operations, maintenance, and support to a third-party service provider. In this model, the service provider takes responsibility for the day-to-day management and operation of specific IT functions, allowing the client organization to focus on its core business activities. Managed services often include tasks such as network monitoring, cybersecurity, data backup, software updates, and technical support. This approach is designed to enhance efficiency, reduce operational costs, and ensure that IT systems run smoothly. Service providers typically offer proactive monitoring, rapid issue resolution, and strategic planning to prevent potential problems. The managed services model is flexible, scalable, and allows businesses to access specialized expertise without the need for in-house management of all IT functions.
The managed services market in India is experiencing robust growth, driven by several key factors. Firstly, the increasing complexity of IT environments necessitates specialized expertise for effective management. Consequently, organizations are turning to managed services providers (MSPs) to leverage their specialized skills and ensure seamless operations. Moreover, the growing emphasis on cost optimization is a significant driver as businesses seek to replace traditional in-house IT models with more cost-effective, scalable, and flexible managed services. In addition, the rise of digital transformation initiatives is propelling the demand for managed services. As enterprises undergo digital transitions, the need for advanced technologies such as cloud computing, cybersecurity, and artificial intelligence intensifies. MSPs, equipped with the latest technological capabilities, become essential partners in helping organizations navigate and implement these transformative technologies successfully. Furthermore, the regional trend towards remote and hybrid work models is fueling the demand for managed services, as businesses require secure and efficient solutions to support dispersed workforce environments. This shift in work dynamics underscores the crucial role of MSPs in delivering seamless connectivity, collaboration, and cybersecurity services. In summary, the managed services market in India is being propelled by the confluence of factors such as technological advancements, cost optimization imperatives, and the evolving nature of work, making it a dynamic and integral component of modern business strategies.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, deployment mode, enterprise size, and end use.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes managed infrastructure, managed data center, managed security, managed communications, managed network, and managed mobility.
Deployment Mode Insights:
A detailed breakup and analysis of the market based on the deployment mode have also been provided in the report. This includes on-premises and cloud-based.
Enterprise Size Insights:
The report has provided a detailed breakup and analysis of the market based on the enterprise size. This includes large enterprises and small and medium-sized enterprises.
End Use Insights:
A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes IT and telecommunication, BFSI, healthcare, entertainment and media, retail, manufacturing, government, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | INR Crore |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Types Covered | Managed Infrastructure, Managed Data Center, Managed Security, Managed Communications, Managed Network, Managed Mobility |
Deployment Modes Covered | On-premises, Cloud-based |
Enterprise Sizes Covered | Large Enterprises, Small and Medium-sized Enterprises |
End Uses Covered | IT and Telecommunication, BFSI, Healthcare, Entertainment and Media, Retail, Manufacturing, Government, Others |
Regions Covered | North India, West and Central India, South India, East and Northeast India |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |