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The global managed services market was valued at US$367.23 billion in 2021 and will grow at a compounded annual growth rate (CAGR) of 7% to reach a value of US$514.55 billion by 2026. The cumulative revenue generation opportunities for managed services vendors/service providers are estimated at US$2,258.3 billion between 2022 to 2026. The North America region was estimated to garner a share of 26.8% of the total global managed services in 2021. The US is the major contributor to the growth of the managed services market in this region. GlobalData’s managed services market covers Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Thailand, Vietnam, and Rest of Asia Pacific in the Asia- Pacific region.
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