India Managed Services Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 9.10% (2024-2032)
Market Size in 2023: INR 40,199.3 Crore
Market Size in 2032: INR 85,905.4 Crore
The managed services market in India is growing rapidly, driven by increasing demand for IT infrastructure management, cloud services, and cybersecurity solutions across industries. According to the latest report by IMARC Group, the 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.
India Managed Services Market Trends and Drivers:
The India managed services market is expanding rapidly, owing to several interconnected factors. Primarily, the market is driven by the increasing use of cloud computing, digital transformation, and the growing demand for IT infrastructure management across sectors. Besides this, Indian firms are increasingly turning to managed service providers (MSPs) for IT operations in order to improve productivity, focus on core strengths, and reduce operational costs.
In line with these factors, the rapid digitalization and proliferation of e-commerce and fintech companies are further catalyzing the India managed services market, as these sectors require robust IT support and cybersecurity solutions. Additionally, the increase of small and medium-sized enterprises (SMEs) in the country is amplifying the need for managed services, especially in areas such as network security, data backup, and storage solutions.
A significant trend in the India managed services market is the growing emphasis on cybersecurity and cloud services. Meanwhile, with the increasing frequency of cyberattacks, companies are prioritizing security solutions to safeguard their data and systems, driving demand for managed security services. Furthermore, the rise of hybrid as well as multi-cloud environments is pushing businesses to seek MSPs that offer tailored cloud management services.
In addition to these factors, advancements in artificial intelligence (AI), automation, and machine learning (ML) are enhancing the efficiency and scalability of managed services, enabling providers to deliver more proactive and data-driven solutions. These factors, combined with the Indian government’s push for digital infrastructure development, are expected to propel the market. Consequently, the convergence of these factors is anticipated to drive the expansion of the India managed services market in the coming years.
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India Managed Services Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Managed Infrastructure
- Managed Data Center
- Managed Security
- Managed Communications
- Managed Network
- Managed Mobility
Deployment Mode Insights:
- On-premises
- Cloud-based
Enterprise Size Insights:
- Large Enterprises
- Small and Medium-sized Enterprises
End Use Insights:
- IT and Telecommunication
- BFSI
- Healthcare
- Entertainment and Media
- Retail
- Manufacturing
- Government
- Others
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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