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The global MSP software market share is expected to increase by USD 178.85 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.01%.Managed service provider (msp) software provides a predefined set of IT services to various organizations to remotely manage their IT infrastructure. IT services such as cloud computing, data recovery, disaster management, networking, and infrastructure management are provided to various organizations as part of business solutions.
This MSP software market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers MSP software market segmentations by deployment (on-premise and cloud-based), type (managed data center, managed network, managed infrastructure, managed mobility, and others), and geography (North America, Europe, APAC, South America, and the Middle East and Africa)
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The increased adoption of IoT solutions is one of the key drivers fueling the managed service provider (MSP) software market's growth. Smart machines can control and monitor various objects using microcontrollers via the Internet from a remote location with the help of IoT technology. IoT is an enabler of MSP software, as smart connected devices require managed communication services and machine-to-machine communication (M2M). MSP software helps to build end-to-end IoT infrastructure for smart communities, smart healthcare, smart homes, and smart transportation systems. Such factors will fuel the growth of the market during the forecast period.
Increased adoption of the bring-your-own-device (BYOD) policy is one of the key managed service provider software market trends propelling the market growth. The reason for the implementation of the BYOD program is to provide a cost-effective solution and mobility to employees and enhance productivity. The BYOD program helps firms reduce their IT costs by reducing capital expenditure and improving efficiency. To implement the BYOD program successfully, vendors are offering solutions to provide an environment where the workforce of an organization can use their personal devices through robust Internet connectivity infrastructure. Such factors are expected to propel the growth of the market during the forecast period.
Data privacy and security risks in cloud-based services are one of the factors limiting the managed service provider software market growth. Cyber-attackers can easily gain access to cloud-based data storage systems, as cloud-based infrastructure is based on open architecture and shared resources. Vendors should encrypt clients' data and implement multi-factor authentication systems such as biometrics for the authorization of users in the clients' IT systems. Vendors should also follow the regulatory guidelines for cloud security management. Such factors are expected to hamper the growth of the market during the forecast period.
This MSP software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the
The MSP software market share growth in the on-premise segment will be significant during the forecast period. The on-premise segment is expected to witness significant growth in terms of revenue when compared to the cloud-based segment in the MSP software market during the forecast period. Due to end-to-end quality control, on-premises MSP software is highly secure compared with SaaS-based managed services. Thus, the market is dominated by large client organizations, which are more concerned about functionality than costs.
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This report provides an accurate prediction of the contribution of all the segments to the growth of the MSP software market size and actionable market insights on the post-COVID-19 impact on each segment.
During the forecast period, the managed data center segment is projected to exhibit substantial growth in terms of CAGR when compared to the managed network, managed infrastructure, and managed mobility segments within MSP software. A managed data center is a model deployed, managed, and monitored by third-party data center service providers, offering features similar to a standard data center but through a managed service platform (MSP).
Vendors are actively expanding and constructing new data centers to support this growth. For instance, Google is investing $9.5 billion in data centers and offices, including the construction of a new data center in Nebraska in April 2022. Similarly, on 14th June 2022, NTT expanded its North American data center campus in Prince William County, Virginia. These initiatives are expected to drive the growth of the managed data center segment in the MSP software market.v
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37% of the market's growth will originate from North America during the forecast period. The US is the key market for the MSP software market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
The strong presence and penetration of top vendors will facilitate the MSP software market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 had a devastating effect on the regional economy and SMEs. Moreover, a rise in the number of malicious attacks increased the opportunities for MSP software vendors, which will drive the growth of the regional market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market 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 market 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.
MSP Software Market Scope |
|
Report Coverage |
Details |
Page number |
140 |
Base year |
2021 |
Historic period |
2017-2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.01% |
Market growth 2022-2026 |
$ 178.85 million |
Market structure |
Fragmented |
YoY growth 2021-2022(%) |
11.67 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 37% |
Key countries |
US, China, Germany, France, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acronis International GmbH, AT and T Inc., Atera Networks Ltd., Auvik Networks Inc., Bravura Software LLC, Cisco Systems Inc., ConnectWise LLC, DNSFilter Inc., Hewlett Packard Enterprise Co., Hornetsecurity Ltd., Infosys Ltd., International Business Machines Corp., Kaseya Ltd., LogicMonitor Inc., Opmantek Software Pty Ltd., ServiceNow Inc., TitanHQ, Trend Micro Inc., Wipro Ltd., Ziff Davis LLC, and Zoho Corp. Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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