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The MSP software market size is forecast to increase by USD 55.1 million at a CAGR of 16% between 2024 and 2029.
The MSP software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The on-premises segment is estimated to witness significant growth during the forecast period. The market is experiencing notable growth, particularly in the on-premises segment. On-premises MSP software offers end-to-end quality control, ensuring higher security compared to SaaS-based managed services. Large client organizations, predominantly in sectors such as BFSI, aerospace and defense, and government, prioritize functionality and are more likely to adopt on-premises solutions due to regulatory requirements. These sectors handle sensitive data, making security a top priority. For instance, government bodies like the Central Intelligence Agency (CIA), Research and Analysis Wing (RAW), and Inter-services Intelligence (ISI) utilize on-premises MSP software to mitigate the risk of cyber threats and terrorism.
In addition to security, on-premises solutions offer customizability, control, and compliance with specific industry regulations. The market dynamics are influenced by factors such as IT budgeting, IT infrastructure management, system updates, vulnerability assessment, firewall management, disaster recovery, and IT support. Companies are also focusing on cost optimization, change management, project management, cloud migration, endpoint security, desktop management, hybrid cloud, cloud computing, service catalog, mobile device management, artificial intelligence, cloud-native applications, log analysis, and IT asset management. Furthermore, service level agreements, problem management, workflow automation, incident management, network performance monitoring, patch management, and network management are essential components of the market.
Agile methodologies, help desk, application performance monitoring, software licensing, threat intelligence, knowledge management, remote monitoring, and financial services are other key areas of focus. The market is continually evolving, with trends such as digital transformation and the increasing adoption of cloud services shaping its future.
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The On-premises segment was valued at USD 14.60 million in 2019 and showed a gradual increase during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American market for Managed Services Providers (MSP) software is thriving due to the region's early adoption of advanced technologies in industries such as manufacturing, retail, and finance. This demand is driven by the need for data encryption, vulnerability assessment, system updates, hardware maintenance, IT management, IT budgeting, firewall management, disaster recovery, and cloud services. The integration of cloud-based services, automation solutions, and artificial intelligence (AI) with operational and supply chain processes is leading to the development of new intelligent MSP software. The presence of top companies in the region and the need for IT infrastructure, IT asset management, customer relationship management, and digital transformation further fuel market growth.
Additionally, the importance of IT support, application performance monitoring, software licensing, threat intelligence, knowledge management, remote monitoring, and network performance monitoring is increasing. The market dynamics are influenced by factors such as cost optimization, change management, cloud migration, endpoint security, desktop management, hybrid cloud, and service level agreements. The need for problem management, workflow automation, incident management, network management, service desk, machine learning, and agile methodologies is also driving market growth.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The MSP software market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the MSP software market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, MSP software market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Acronis International GmbH - The company offers MSP software for hybrid backup cloud, disaster recovery, ransomware protection, esignatures and blockchain based files.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market continues to evolve as businesses increasingly rely on technology to drive growth and efficiency. IT management has become a critical function for organizations of all sizes, leading to a high demand for Managed Services Providers (MSPs) that offer a range of IT solutions. MSPs provide various services to help businesses optimize their IT infrastructure and improve overall IT performance. These services include data encryption, vulnerability assessment, system updates, hardware maintenance, and IT budgeting, among others. MSPs also offer firewall management, disaster recovery, and project management to help businesses mitigate risks and streamline operations. Cost optimization is a significant focus for many businesses, and MSPs provide valuable services in this area.
They help organizations reduce IT costs through effective IT asset management, cloud computing, and service catalog management. MSPs also offer mobile device management, endpoint security, and application performance monitoring to ensure the security and efficiency of their clients' IT environments. MSPs are also leveraging emerging technologies such as artificial intelligence, machine learning, and cloud-native applications to provide advanced IT solutions. Log analysis and threat intelligence are essential services that MSPs offer to help businesses stay ahead of potential security threats. IT support and cloud services are also popular offerings, providing businesses with access to expert help and reliable infrastructure.
Network management and service desk services are crucial for maintaining IT infrastructure and addressing IT issues promptly. MSPs offer network performance monitoring, patch management, and incident management to help businesses keep their IT systems running smoothly. MSPs also provide essential services for specific industries, such as financial services, where data security and regulatory compliance are paramount. They offer IT infrastructure, server management, and service-level agreements to help financial institutions meet their unique IT needs. MSPs offer a range of agile methodologies, including help desk, problem management, and workflow automation, to help businesses adapt to changing IT requirements.
They also provide software licensing and software deployment services to help businesses manage their software assets effectively. The market is a dynamic and evolving space, with MSPs offering a range of services to help businesses optimize their IT infrastructure, improve IT performance, and reduce costs. MSPs provide essential services such as data encryption, vulnerability assessment, system updates, and hardware maintenance, as well as advanced services such as artificial intelligence, machine learning, and cloud-native applications. They offer services for specific industries and provide agile methodologies to help businesses adapt to changing IT requirements. MSPs are an essential partner for businesses looking to stay competitive in today's digital landscape.
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Market Scope |
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Report Coverage |
Details |
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Page number |
222 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16% |
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Market growth 2025-2029 |
USD 55.1 million |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
13.3 |
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Key countries |
US, Canada, China, Germany, Japan, India, UK, Italy, France, and Brazil |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Deployment
9 Market Segmentation by Type
10 Market Segmentation by Application
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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