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Yahoo
7 days ago
- Business
- Yahoo
Align Named to No. 11 Spot on CRN's Fast Growth 150 List for 2025, Jumping over 90 Spots from 2024
This placement signifies a year of success NEW YORK, August 05, 2025--(BUSINESS WIRE)--Align, the premier global provider of technology infrastructure solutions and Managed IT services, announces today that CRN®, a brand of The Channel Company®, has recognized Align Managed Services on the 2025 CRN Fast Growth 150 list in the No. 11 spot. This placement marks a 92-spot improvement for Align, up from its 103rd position in 2024. This list highlights the top-performing and fastest-growing technology solution providers, including integrators, managed service providers, value-added resellers and IT consultants in North America. Over the past two years, solution providers on the Fast Growth 150 have achieved remarkable sales growth, propelled by their innovative strategies and advanced technological expertise, particularly in areas such as artificial intelligence, security and cloud computing. "We are excited to be listed so highly on the 2025 Fast Growth 150 list," says Vinod Paul, President of Align Managed Services. "This impressive shift in placement is a testament to our success over the past year. We have always provided best in class solutions and services to our clients and continually invest in our solutions and partnerships to ensure we stay ahead of the curve, and we are honored to be recognized by The Channel Company for these efforts." Align Managed Services specializes in providing the alternative financial services industry with Managed Services and Cybersecurity solutions tailored to fit its specific needs. Today, that encompasses leveraging AI securely and compliantly. The rise of AI has revolutionized technology, while also introducing unprecedented issues with security and compliance. This has created a major opportunity for Align to further develop its solution offering to address these issues directly with improvements including the addition of two additional ransomware protection features and Microsoft Copilot, Microsoft's solution for collaboration within the Microsoft 365 environment. "Each company on the Fast Growth 150 list is harnessing its extensive technology acumen and forward-looking business strategy to accelerate growth and evolve to stay ahead in the fast-moving IT arena," said Jennifer Follett, VP, U.S. Content, and Executive Editor, CRN, The Channel Company. "These notable companies show passion and commitment to finding success, supporting agility, and delivering enduring outcomes for customers. We congratulate each of them and look forward to their continued growth and evolution." A portion of the 2025 Fast Growth 150 list will be featured in the August issue of CRN Magazine. You can also view the complete list online at beginning August 4th. To learn more about Align and Align Managed Services, go to About Align Align is a premier global provider of technology infrastructure solutions. For over 35 years, leading firms worldwide have relied on Align to guide them through IT challenges, delivering complete, secure solutions for business change and growth. Align is headquartered in Dallas, Texas and has offices in New York City, London, Chicago, San Francisco, Arizona, New Jersey, and Virginia. About The Channel Company: The Channel Company (TCC) is the global leader in channel growth for the world's top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit Follow The Channel Company: LinkedIn and X © 2025 The Channel Company, Inc. CRN is a registered trademark of The Channel Company, Inc. All rights reserved. View source version on Contacts Align:Ashley HolbrookAlignaholbrook@ The Channel Company: Kristin DaSilvaThe Channel Companykdasilva@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-07-2025
- Business
- Yahoo
Elauwit Connection Now Provides Seamless Connectivity Services in 25 States
Smart, Scalable Networks Provide Value, Simplicity and Convenience for Multifamily and Student Housing Developments Columbia, South Carolina--(Newsfile Corp. - July 30, 2025) - Elauwit Connection Inc., a national, managed services provider for multifamily and student housing markets, is excited to announce that it now provides its seamless connectivity services in 25 states across the U.S. Elauwit's connectivity solutions are based on smart, scalable networks that create new ways for owners to increase revenue in apartments and resident housing, while ensuring residents enjoy consistent, hassle-free internet access in their living spaces as well as across common areas. In just two years, Elauwit has extended its presence into key, high-growth markets such as Dallas, Atlanta, Charlotte and Florida, supported by a team of full-time employees and a national network of subcontractors. "I am extremely proud of what we have been able to accomplish in such a short amount of time," said Barry Rubens, Elauwit's chief executive officer. "Elauwit's rapid growth reflects our ongoing commitment to excellence and providing best-in-class connectivity to all our customers. These services are highly sticky with both the housing owners and their residents, creating new revenue streams for housing owners while giving residents reliable services they need. Based on our proven value creation, we are now working with multiple owners to expand into additional properties in their portfolio and a growing number of new customers wanting to expand the services provided to their residents." Elauwit's combination of fiber, ethernet and Wi-Fi technologies delivers speeds of up to 10 Gbps, with 99% uptime and responsive service. Residents benefit from seamless connectivity throughout their communities, and can stay connected throughout the property, no matter where they roam, including public areas such as pools, gyms, common areas and outdoor spaces. Property owners benefit from services that attract and retain residents, as well as new revenue streams that improve the profitability and value of their communities. "I am very excited for our continued growth plans in 2025 as we continue to reach more people in more communities," Rubens said. "What we have achieved thus far is just the beginning." About Elauwit Elauwit Connection is a national managed services provider delivering turnkey internet and connectivity solutions for multifamily and student housing communities. With a focus on service quality, reliability, and revenue generation, Elauwit enables real estate owners' delivery of premium connectivity as a competitive advantage. For more information on Elauwit Connection, visit Orange - States providing serviceBlue - Future states for expansion To view an enhanced version of this graphic, please visit: Contacts: Elauwit Connection Jones, President+1-704-558-3099sales-pr@ Investor Relations: Matt Kreps, Darrow Associates+1-214-597-8200mkreps@ To view the source version of this press release, please visit Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
24-07-2025
- Business
- Yahoo
Bank Outsourcing, Cost-cutting Demands, Digital Banking, Real-time Monitoring, AI Integration, and Improved Security Propel Growth
The global ATM Managed Services Market is projected to reach $12.29 billion by 2033, growing at a CAGR of 4.25% from 2025 to 2033, up from $8.45 billion in 2024. Rising demand for cost-cutting, increased bank outsourcing, digital banking adoption, real-time monitoring needs, AI integration, and enhanced security drive market growth. Key segments include ATM replenishment, incident and network management across various locations such as offsite, onsite, and mobile ATMs. The expansion is notable in North America, Europe, and rapidly developing regions such as Asia-Pacific. Major players include NCR Atleos, Diebold Nixdorf, and Fiserv. The market's evolution is fueled by technological advancements, financial inclusion efforts, and strategic alliances. ATM Managed Services Market Dublin, July 24, 2025 (GLOBE NEWSWIRE) -- The "ATM Managed Services Market - Technology & Forecast Outlook 2025-2033" report has been added to Managed Services Market is expected to reach US$ 12.29 billion by 2033 from US$ 8.45 billion in 2024, with a CAGR of 4.25% from 2025 to 2033 Cost-cutting demands, a rise in bank outsourcing, the adoption of digital banking, the requirement for real-time monitoring, AI integration, improved security, and an increase in ATM usage in developing cities are the main factors propelling the market for ATM managed services. Due to the growing demand for financial institutions to streamline operations and cut expenses, the global market for ATM managed services is expanding significantly. These services include a variety of options, such as ATM administration, maintenance, and monitoring, which guarantees seamless operation and reduces downtime. By facilitating real-time monitoring and predictive maintenance, the use of cutting-edge technologies like artificial intelligence (AI) and the Internet of Things (IoT) has further fueled market development. Additionally, banks are outsourcing ATM operations to specialized service providers as a result of the increased focus on improving customer experience and maintaining regulatory compliance. The market is seeing a rise in demand for all-inclusive ATM managed services solutions as a need for sophisticated ATM services to access a range of intricate activities has grown as a result of the banking, financial services, and insurance (BFSI) industry's significant development. The increasing use of money transaction machines and growing maintenance and security concerns, which are some of the primary drivers propelling the market expansion, further support this. Accordingly, the increasing prevalence of fraudulent actions, such as magnetic stripe skimming, and the widespread use of debit cards by customers have made it easier for ATM managed services to be widely adopted, which is contributing to further growth. Furthermore, the market is expanding as a result of the positive actions being taken by the governments of a number of nations to prevent the use of magstripe cards by using EMV chips for improved authentication. Additionally, the market is expanding due to the development of self-service software, which coincides with the widespread integration of Internet of Things (IoT) solutions and mobile-based technologies with ATM managed services. A favorable outlook for the market is being created by additional factors, such as the quick digitization, strategic partnerships among financial institutions, and the growing use of blockchain, near field communication (NFC), quicker response (QR), and artificial intelligence (AI) in ATM managed Factors Driving the ATM Managed Services Market Growth Focus on Core CompetenciesFinancial institutions may reduce operations and concentrate on their core strengths, including improving client experience, creating new financial products, and advancing digital transformation, by outsourcing ATM managed services. Internal ATM management takes a lot of time, money, and technical resources, which can take focus away from strategic goals. Banks can assign time-consuming operations like software upgrades, hardware maintenance, cash replenishment, and compliance monitoring to specialist service providers. In addition to increasing operational effectiveness, this strategy enables organizations to better meet the needs of their clients and the market. Banks may now devote more resources to innovation, consumer interaction, and growing their digital and mobile banking ecosystems as they are no longer burdened with managing ATM FootprintThe market for ATM managed services is mostly driven by the growth of ATM networks, especially in developing nations and underserved rural regions. Banks and other financial institutions are installing more ATMs as financial inclusion becomes a top focus in order to boost accessibility and satisfy the rising demand for self-service and cash-based transactions. However, significant operational, technical, and logistical assistance is needed to manage a large ATM network. Consistent performance, uptime, and adherence to industry standards are guaranteed when these services are outsourced. Installation, cash loading, security, maintenance, and real-time monitoring may all be handled effectively by managed services providers over large geographic areas. The need for dependable and scalable managed services solutions that ensure business continuity and offer a flawless customer experience is increased by the expansion of the ATM AdvancementsThe market for ATM managed services is changing as a result of technological developments that make operations more effective, intelligent, and responsive. Service providers may monitor ATMs in real time, identify irregularities, and carry out predictive maintenance by combining artificial intelligence (AI), the Internet of Things (IoT), and predictive analytics. This lowers downtime and improves customer satisfaction. Additionally, smart technologies streamline supply schedules, guarantee operational continuity, and enhance cash forecasting. Furthermore, preemptive reactions are made possible by AI-driven insights that assist in identifying fraud and security concerns. IoT sensors can keep an eye on connection, temperature, and hardware health to stop problems. These developments promote a safer and more convenient ATM experience in addition to lowering operating expenses. Technology is a key factor in determining managed services strategies as financial organizations embrace digital in the ATM Managed Services Market Service Reliability and DowntimeIn the market for ATM managed services, service dependability is crucial. Consumers anticipate having round-the-clock access to ATMs for transactions such as cash withdrawals and balance inquiries. Customer satisfaction and confidence can be severely impacted by even brief outages, particularly in places with limited financial facilities. Constant monitoring, prompt issue resolution, and proactive maintenance - often across geographically scattered locations - are necessary to ensure high uptime. For financial institutions, unplanned outages brought on by hardware malfunctions, network problems, or software bugs can result in lost income, harm to their brand, and client attrition. For managed service providers to minimize the impact of disruptions on end users and promptly fix issues and preserve operational continuity, they must set up effective service-level agreements (SLAs), deploy real-time monitoring systems, and keep a knowledgeable support Management LogisticsAn intricate and crucial component of ATM operations is efficient cash handling. It's a fine balance to make sure every ATM has enough cash on hand to satisfy consumer demand without going overboard. Based on transaction patterns, historical data, and seasonal fluctuations, managed service providers must predict cash consumption with accuracy. Cashouts brought on by poor forecasting can annoy clients and harm a bank's image. On the other hand, having too much cash in machines raises operating expenses and security threats. Another logistical problem is coordinating prompt cash replenishment across extensive ATM networks, particularly in rural or high-risk regions. Cash logistics is a resource-intensive but crucial job in ATM managed services as providers also have to coordinate with armored carriers, ensure safe transit, and adhere to cash-handling Managed Services Market Overview by RegionsBecause of sophisticated banking infrastructure and high outsourcing rates, the market for ATM managed services is expanding rapidly in North America and Europe. As more ATMs are installed, Asia-Pacific is growing quickly, while financial inclusion initiatives are driving stable development in Latin America and the Middle East. Company Analysis: Overview, Key Persons, Recent Development & Strategies, Revenue Analysis NCR Atleos Diebold Nixdorf, Inc. Euronet Worldwide, Inc. Fiserv, Inc. AGS Transact Technologies Ltd. Brink's Incorporated Hitachi, Ltd. CMS Info Systems Limited Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $8.45 Billion Forecasted Market Value (USD) by 2033 $12.29 Billion Compound Annual Growth Rate 4.2% Regions Covered Global Key Topics Covered: 1. Introduction2. Research Methodology2.1 Data Source2.1.1 Primary Sources2.1.2 Secondary Sources2.2 Research Approach2.2.1 Top-Down Approach2.2.2 Bottom-Up Approach2.3 Forecast Projection Methodology3. Executive Summary4. Market Dynamics4.1 Growth Drivers4.2 Challenges5. Global ATM Managed Services Market5.1 Historical Market Trends5.2 Market Forecast6. ATM Managed Services Market Share Analysis6.1 By Service Type6.2 By ATM Locations6.3 By Countries7. Service Type7.1 ATM Replenishment and Currency Management7.2 Incident Management7.3 Network Management7.4 Security Management7.5 Other Service Types8. ATM Locations8.1 Offsite ATMs8.2 Onsite ATMs8.3 Mobile ATMs8.4 Worksite ATMs9. Countries9.1 North America9.1.1 United States9.1.2 Canada9.2 Europe9.2.1 France9.2.2 Germany9.2.3 Italy9.2.4 Spain9.2.5 United Kingdom9.2.6 Belgium9.2.7 Netherlands9.2.8 Turkey9.3 Asia Pacific9.3.1 China9.3.2 Japan9.3.3 India9.3.4 South Korea9.3.5 Thailand9.3.6 Malaysia9.3.7 Indonesia9.3.8 Australia9.3.9 New Zealand9.4 Latin America9.4.1 Brazil9.4.2 Mexico9.4.3 Argentina9.5 Middle East & Africa9.5.1 Saudi Arabia9.5.2 UAE9.5.3 South Africa10. Porter's Five Forces Analysis10.1 Bargaining Power of Buyers10.2 Bargaining Power of Suppliers10.3 Degree of Rivalry10.4 Threat of New Entrants10.5 Threat of Substitutes11. SWOT Analysis11.1 Strength11.2 Weakness11.3 Opportunity11.4 Threat12. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment ATM Managed Services Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Associated Press
23-07-2025
- Business
- Associated Press
BCM One and Solgari Partner to Deliver AI-Driven Customer Engagement in Microsoft Teams
NEW YORK CITY, NY / ACCESS Newswire / July 23, 2025 / BCM One, a leading provider of NextGen Communications and Managed Services for IT leaders and resellers, today announced a strategic partnership with Solgari to enhance its Microsoft Teams voice offering with a fully integrated, AI-powered contact center solution. Solgari will be added to BCM One's Pure IP Enterprise Voice portfolio, expanding its capabilities for global Microsoft Teams deployments. Solgari extends Microsoft Teams with omnichannel capabilities including voice, messaging, intelligent routing, and AI assistance, delivered natively within the Microsoft ecosystem. The solution deploys in hours, eliminating the need for custom integrations, while enabling businesses to scale customer engagement across teams, channels, and locations. This partnership gives BCM One customers a streamlined path to modernize contact center operations using the tools they already rely on. With faster time to value and built-in AI functionality, businesses can improve service quality, reduce overhead, and deliver consistent, high-touch experiences at scale. 'Partnering with Solgari aligns seamlessly with BCM One's commitment to delivering impactful technology solutions,' stated Michael Nowak, General Manager for BCM One Enterprise Solutions. 'By joining forces, we aim to empower businesses to optimize their customer interactions within the Microsoft ecosystem while driving operational efficiency and enhancing customer experiences. This represents a significant leap forward in revolutionizing customer interactions within the Microsoft Teams environment.' 'This valued partnership with BCM One enables us to bring our AI-powered, Microsoft-native contact center solution to even more businesses across North America,' said John Colgan, CEO of Solgari. 'Together, we're enabling organizations to transform how they connect with customers-seamlessly, intelligently, and entirely within the Microsoft tools that are already a fundamental part of their daily workflows.' ### ABOUT BCM ONE Founded in 1992, BCM One is a leading global provider of NextGen Communications and Managed Services that IT leaders and resellers rely on to simplify the delivery of cloud-based voice and managed connectivity to power the critical network infrastructures of businesses globally. Serving over 20,000 customers worldwide and 5,000+ channel partners and resellers, BCM One offers telecom solutions to small to enterprise level business via the following solutions: Enterprise Voice for MS Teams, Cisco Webex and Zoom; UCaaS; Global Managed Connectivity; SIP Trunking; Managed SD-WAN; Security; and Technology Expense Optimization. BCM One prides itself on its long-standing client relationships backed by their mission statement, 'To Provide a World-Class Experience with Every Human Interaction.' To learn more about BCM One, visit For Media Inquiries: Paula Como Kauth, Chief Marketing Officer, BCM One Office: 212.906.7255 | [email protected] Contact InformationPaula Como Kauth Chief Marketing Officer SOURCE: BCM One press release
Yahoo
21-07-2025
- Business
- Yahoo
Managed Services Market to Reach USD 990,611.47 Million by 2032, Growing at a CAGR of 14.5%: Credence Research
PUNE, India, July 21, 2025 /PRNewswire/ -- The Managed Services Market is poised for substantial growth, with its value projected to increase from USD 335,320 million in 2024 to USD 990,611.47 million by 2032, registering a CAGR of 14.5%. This robust expansion is driven by the growing need for businesses to optimize IT operations, reduce operational costs, and enhance cybersecurity resilience. As digital transformation accelerates across industries, organizations are increasingly outsourcing IT infrastructure, cloud management, network monitoring, and security services to managed service providers (MSPs) to focus on core business functions while ensuring scalability and operational efficiency. The surge in remote work models, cloud adoption, and complex IT environments further amplifies demand for managed services that offer 24/7 monitoring, compliance management, and disaster recovery solutions. Enterprises are also leveraging MSPs to bridge the IT skills gap and gain access to cutting-edge technologies like AI, automation, and analytics. The market outlook remains favorable, with rising investments in managed security services, data center outsourcing, and hybrid cloud management expected to create new growth opportunities through 2032. Browse the report and understand how it can benefit your business strategy - Key Growth Determinants – Managed Services Market The global managed services market is witnessing robust expansion, projected to reach substantial figures in the coming years. This growth is primarily fueled by the evolving technological landscape, increasing operational complexities, and a strategic shift in business priorities. Increasing Complexity of IT Infrastructure and Operations: As businesses adopt advanced technologies like cloud computing (multi-cloud and hybrid cloud environments), Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT), their IT environments become increasingly complex. Managing these intricate systems, ensuring seamless integration, and maintaining optimal performance requires specialized expertise that many organizations lack in-house. Managed Service Providers (MSPs) offer this specialized knowledge, making them indispensable for effective IT infrastructure management. Growing Demand for Cost Optimization and Operational Efficiency: Organizations are constantly under pressure to reduce operational expenditures while maintaining high service quality and scalability. Outsourcing IT operations to MSPs allows businesses to convert capital expenditures (CapEx) into predictable operational expenditures (OpEx), leading to significant cost savings. MSPs help streamline processes, reduce downtime, and improve overall operational efficiency, enabling businesses to allocate their internal resources more strategically. Heightened Cybersecurity Threats and Regulatory Pressures: The escalating sophistication and frequency of cyber threats (e.g., phishing, ransomware, data breaches) necessitate robust and proactive cybersecurity measures. Simultaneously, stringent data privacy regulations (e.g., GDPR, HIPAA) impose significant compliance burdens on businesses. Managed Security Services (MSSs) offered by MSPs provide end-to-end protection, including threat intelligence, incident response, firewall management, and compliance adherence, mitigating risks and ensuring data security. Shortage of Skilled IT Professionals: There is a persistent global shortage of skilled IT professionals, particularly in specialized areas like cybersecurity, cloud management, and AI. This talent gap makes it challenging for organizations to build and maintain in-house teams capable of managing modern IT infrastructures. MSPs bridge this gap by providing access to a pool of certified experts, allowing businesses to leverage high-level technical skills without the overhead of hiring and training. Focus on Core Business Functions: By offloading non-core IT operations to MSPs, businesses can redirect their internal teams and resources to focus on strategic initiatives, innovation, and core business objectives. This allows companies to enhance their competitive advantage and drive growth in their primary domains. Key Growth Barriers – Managed Services Market 1. Cybersecurity and Evolving Threats: The constant evolution of cyber threats (ransomware, phishing, DDoS, APTs) poses a significant challenge. MSPs must continuously update their security measures and knowledge to protect client data and systems, which can be resource-intensive. MSPs are high-value targets for cybercriminals as a breach of an MSP can grant access to multiple client networks. This puts immense pressure on MSPs regarding liability and reputational damage in case of a breach. Some MSPs may offer inadequate security services or operate with fragmented security tools and siloed data, leading to vulnerabilities and inefficiencies. 2. Talent Shortages and Skill Gaps: There's a persistent shortage of skilled IT professionals, especially in specialized areas like cybersecurity and AI. This makes it difficult for MSPs to attract, hire, and retain top talent, impacting their ability to handle complex IT infrastructures and scale operations. Many MSPs experience employee churn, losing skilled technicians to in-house IT departments of end-user organizations. 3. Maintaining Profit Margins and Pricing Pressures: The MSP market is increasingly saturated, with many providers offering similar services. This intensifies competition and leads to price pressure, making it challenging for MSPs to maintain profitability while offering competitive pricing. In the quest to win contracts, some MSPs may undervalue their services or construct pricing models that don't drive maximum profit, making it difficult to raise prices later. Unexpected costs like cyber insurance premiums, compliance requirements, and the need for additional services or hardware upgrades can impact margins. 4. Scalability and Resource Management: Smaller MSPs, in particular, struggle to expand services without overwhelming resources or compromising service quality. Rapid client growth can strain MSP resources. Managing a variety of solutions across different clients increases complexity. Integrating new IT services with existing legacy systems can lead to compatibility issues, disruptions, and additional expenses. Failure to effectively forecast demand and allocate resources can lead to being swamped, delayed responses, and a decline in service quality. 5. Regulatory Compliance and Data Sovereignty: Compliance with various data privacy regulations (GDPR, CCPA, HIPAA) is non-negotiable and constantly evolving. MSPs face a continuous challenge to ensure client compliance, which can be resource-intensive and incur hefty fines for non-compliance. Mandates requiring localized data processing can force providers to duplicate infrastructure in each jurisdiction, reducing economies of scale and complicating global service delivery. Key Market Opportunities – Managed Services (IBC) Market 1. Cybersecurity and Evolving Threats: The constant evolution of cyber threats (ransomware, phishing, DDoS, APTs) poses a significant challenge. MSPs must continuously update their security measures and knowledge to protect client data and systems, which can be resource-intensive. MSPs are high-value targets for cybercriminals as a breach of an MSP can grant access to multiple client networks. This puts immense pressure on MSPs regarding liability and reputational damage in case of a breach. Some MSPs may offer inadequate security services or operate with fragmented security tools and siloed data, leading to vulnerabilities and inefficiencies. 2. Talent Shortages and Skill Gaps: There's a persistent shortage of skilled IT professionals, especially in specialized areas like cybersecurity and AI. This makes it difficult for MSPs to attract, hire, and retain top talent, impacting their ability to handle complex IT infrastructures and scale operations. Many MSPs experience employee churn, losing skilled technicians to in-house IT departments of end-user organizations. 3. Maintaining Profit Margins and Pricing Pressures: The MSP market is increasingly saturated, with many providers offering similar services. This intensifies competition and leads to price pressure, making it challenging for MSPs to maintain profitability while offering competitive pricing. In the quest to win contracts, some MSPs may undervalue their services or construct pricing models that don't drive maximum profit, making it difficult to raise prices later. Unexpected costs like cyber insurance premiums, compliance requirements, and the need for additional services or hardware upgrades can impact margins. 4. Scalability and Resource Management: Smaller MSPs, in particular, struggle to expand services without overwhelming resources or compromising service quality. Rapid client growth can strain MSP resources. Managing a variety of solutions across different clients increases complexity. Integrating new IT services with existing legacy systems can lead to compatibility issues, disruptions, and additional expenses. Failure to effectively forecast demand and allocate resources can lead to being swamped, delayed responses, and a decline in service quality. Segmentation By Service Type Managed Network Services Managed Security Services Managed Data Center Services Managed Infrastructure Services Managed Mobility Services Managed Communication and Collaboration Services Managed IT Support Services Managed Cloud Services Managed Application Services Managed Backup and Disaster Recovery Services By Deployment Model On-Premise Cloud-Based By Organization Size Small and Medium-Sized Enterprises (SMEs) Large Enterprises By End-User Industry BFSI (Banking, Financial Services, and Insurance) IT and Telecom Healthcare Manufacturing Retail and E-commerce Government and Public Sector Energy and Utilities Education Media and Entertainment Transportation and Logistics By Region North America Europe Asia Pacific Latin America Middle East & Africa Preview the report with a detailed sample and understand how it can benefit your business strategy. Request a free sample today - Regional Analysis – Managed Services Market 1. North America Market Dominance: North America currently holds the largest share of the global managed services market in terms of revenue. This dominance is attributed to the early adoption of cloud computing, robust IT infrastructure, and high IT spending by enterprises. Key Drivers: Trends: A shift towards more specialized and outcome-based services, with a focus on delivering measurable business results. 2. Asia Pacific (APAC) Fastest Growing Market: APAC is projected to be the fastest-growing region in the managed services market, exhibiting a high Compound Annual Growth Rate (CAGR). Key Drivers: Trends: Significant opportunities in managed data center and IT infrastructure services, as well as managed security services. India and China are key growth markets within the region. 3. Europe Significant Market Share: Europe holds a substantial share of the global managed services market. Key Drivers: Trends: Managed security is a highly lucrative and fast-growing segment. Countries like Germany, the UK, and France are expected to show strong growth. There's also a growing interest in nearshore services for cost efficiency and collaboration. 4. Middle East & Africa (MEA) Considerable Growth Rate: The MEA region is estimated to grow at a considerable rate in the managed services market. Key Drivers: Trends: Managed data center and hosting services hold a significant share, while managed security services are experiencing rapid growth due to heightened attack frequencies. 5. Latin America High Growth Potential: Latin America is also expected to exhibit a strong CAGR in the managed services market. Key Drivers: Trends: Managed security services are a fast-growing segment, and Brazil is expected to be a key growth country within the region. Credence Research's Competitive Landscape Analysis – Managed Services Market Credence Research's Competitive Landscape Analysis of the Managed Services Market highlights the dominance of global IT and cloud leaders such as IBM, Microsoft, Cisco, and Google Cloud, who command significant market share due to their extensive service portfolios, technological expertise, and global delivery capabilities. These players offer a comprehensive range of managed services including infrastructure management, cloud migration, cybersecurity, and application support. Strategic partnerships, AI integration, and end-to-end digital transformation services further strengthen their competitive positions in both mature and emerging markets. Alongside global leaders, the market features strong competition from specialized and regional players like Secureworks, Lumen Technologies, and MetTel, who focus on niche segments such as cybersecurity, network services, and industry-specific solutions. These firms differentiate through deep customer engagement, localized service delivery, and tailored offerings that meet regulatory and operational requirements. According to Credence Research, competition in the managed services market is shaped by the ability to deliver scalable, secure, and cost-effective solutions while adapting quickly to evolving technology demands and client expectations. Tailor the report to align with your specific business needs and gain targeted insights. Request Key Player Analysis Accenture ARYAKA NETWORKS, INC. AT&T Inc. Atera Networks Ltd. BMC Software, Inc. Broadcom Cisco Systems, Inc. DXC Technology Company Fujitsu HCL Technologies Limited HP Development Company, L.P. International Business Machines Corporation Lenovo Recent Industry Developments April 2025: Accenture Federal Services secured a USD 1.6 billion task order to enhance the U.S. Air Force Cloud One environment, focusing on automation and financial governance. March 2025: Arrow Electronics introduced an AI platform for North American channel partners, expanding its portfolio with managed AI deployments across security and cloud services. December 2024: Accenture reported USD 17.7 billion in Q1 FY2025 revenue, with managed services contributing USD 8.6 billion, reflecting 11% growth. November 2024: Dell broadened its edge and 5G ecosystem through expanded collaborations with Ericsson and Nokia to strengthen its edge-management capabilities. September 2024: IBM unveiled new services integrating generative AI and Oracle cloud applications to support Oracle clients' digital transformation. September 2024: IBM and NTT DATA launched SimpliZCloud, a fully managed cloud platform for financial institutions built on IBM LinuxONE, enabling AI/ML adoption and improved infrastructure performance through a subscription-based model. September 2024: TCS introduced two AI-powered cybersecurity offerings—Managed Detection and Response (MDR) and Secure Cloud Foundation—in partnership with Google Cloud to improve hybrid cloud security posture. June 2024: DXC Technology and Dell launched Enterprise Intelligence Services (EIS), combining AI, data analytics, and cloud to deliver advanced multi-cloud managed services for operational optimization. June 2024: Telefónica Tech partnered with IBM to advance enterprise-level AI, data analytics, and data management solutions. May 2024: Lenovo collaborated with Cisco to offer integrated infrastructure and networking solutions aimed at accelerating enterprise digital transformation. May 2024: Elitery, an Indonesian cloud services provider, was recognized as a Google Cloud Managed Services Provider, enabling it to deliver generative AI solutions to local governments. May 2024: Dell Technologies and CrowdStrike expanded their partnership to deliver Managed Detection and Response (MDR) services using the CrowdStrike Falcon XDR platform. March 2024: Cognizant extended its partnership with Pon IT to continue delivering cloud managed services and optimizing cloud platforms across Pon Holdings' subsidiaries. January 2024: Accenture acquired NaviSite to bolster its managed services capabilities in application and infrastructure management for North American clients. January 2024: Kyndryl and Cisco collaborated on a new security edge service designed to strengthen customers' cybersecurity posture and response capabilities. January 2024: GTT partnered with JOVO to provide inspection, maintenance, repair, and engineering consultancy through two new technical services. October 2023: Logicalis introduced its Intelligent Connectivity suite—featuring SASE, SSE, SD-WAN, and Private 5G—powered by Cisco and supported by the Logicalis Digital Fabric Platform. September 2023: Cloud5 Communications launched a managed services division targeting IT needs across hospitality, student housing, and senior living sectors. May 2023: Alfar Capital and Walter Capital Partners acquired MSP Corp in Canada and merged it with Groupe Access to enhance IT and cybersecurity offerings. January 2023: Rackspace Technology launched Modern Operations, a managed public cloud service for Azure, AWS, and GCP, offering 24/7 support and cloud optimization capabilities. Reasons to Purchase this Report: Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion). Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region. Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years. Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning. Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions. Benefit from Porter's Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics. Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years. Browse the report and understand how it can benefit your business strategy - Discover additional reports tailored to your industry needs Managed Printing Services (MPS) Market - Managed Pressure Drilling Market - Managed Blockchain Services Market - Managed Workplace Services Market- Managed Database Services Market - Full Body Scanners Market - Satellite Dish Market - Digital Mining Market - Follow Us: About Us: Credence Research is a viable intelligence and market research platform that provides quantitative B2B research to more than 2000 clients worldwide and is built on the Give principle. The company is a market research and consulting firm serving governments, non-legislative associations, non-profit organizations, and various organizations worldwide. We help our clients improve their execution in a lasting way and understand their most imperative objectives. 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