The Latin America, Middle East and Africa Managed Services Market would witness market growth of 10.8% CAGR during the forecast period (2021-2027).
Depending on the demands, managed IT services can range from very general to highly particular. Monitoring & maintenance of equipment, remote monitoring, and administration of servers, systems management, network monitoring, and other services are examples of common services. The typical method to managed services is a break/fix paradigm, in which systems are monitored until an issue needs to be addressed. Many modern managed service providers take a more proactive approach to maintenance and management, such as predictive maintenance and patch management.
Specific programs offered "as a service" (Software as a Service, or SaaS) to platforms & infrastructure as a service are all examples of cloud-based managed services (IaaS and PaaS). These services can let firms scale quickly to meet rising demand without incurring the costs of a data center. Data, analytics, and storage may all be accessed more easily with cloud-based services. Other businesses offer managed security services for both traditional bare metal and cloud systems. Companies that use hybrid cloud architecture need to have dependable and trusted security specialists.
Increased ICT spending, increased government initiatives, the expanding pattern of big data & analytics, and technological improvement throughout different regions are all contributing to this growth. For example, the governments of the Gulf Cooperation Council (GCC) countries are concentrating on pioneering national development programs like the UAE's Vision 2021 and Saudi Arabia's Vision 2030. These projects contribute to the improvement of cloud-based services and the diversification of the economy by expanding IT infrastructure. New technologies are being adopted by organizations in the region to grow their operations, enhance customer experience, and increase productivity. Businesses in Dubai, Turkey, South Africa, and other nations are also anticipated to make large expenditures to streamline their IT operations. As a result, during the upcoming period, the regional market is anticipated to increase steadily.
The Brazil market dominated the LAMEA Managed Services Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8,947.8 million by 2027. The Argentina market is exhibiting a CAGR of 11.4% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 10.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Managed Services Market is Predict to reach $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.
By Enterprise Size
By Vertical
By Deployment Type
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