Multi Vendor Support Services Market by Service and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71938
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The multi-vendor support services market share is expected to increase by USD 10.07 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.51%.

This multi vendor support services 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 multi vendor support services market segmentation by service (hardware and software) and geography (North America, APAC, Europe, MEA, and South America). The multi vendor support services market report also offers information on several market vendors, including AT and T Inc., Dell Technologies Inc., FURUKAWA Co. Ltd., Hitachi Ltd., HP Inc., International Business Machines Corp., Microsoft Corp., Service Express LLC, XS International Inc., and Zensar Technologies Ltd. among others.

What will the Multi Vendor Support Services Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Multi Vendor Support Services Market Size for the Forecast Period and Other Important Statistics

 

Multi Vendor Support Services Market: Key Drivers and Challenges

The rapid changes in the IT infrastructure are notably driving the multi-vendor support services market growth, although factors such as high implementation and maintenance costs may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the multi vendor support services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Multi Vendor Support Services Market Driver

IT infrastructure's size and complexities are increasing rapidly. This is due to increased computing needs that are met by a bigger and better network and server and storage equipment. Organizations are increasingly digitalizing their operations using the cloud, container, IoT, and other technologies to meet the new demands of business functions. In order to satisfy the growing demands of business tasks, organizations are increasingly digitalizing their operations using the cloud, container, IoT, and other technologies. Furthermore, organizations are progressively using MVSS to manage and maintain their infrastructure due to the shifting technological landscape. All these factors are driving the market for multi vendor support services globally.

Key Multi Vendor Support Services Market Challenge

The high cost of deploying multi vendor support services is one of the major challenges in the market for SMEs. The price of the multi vendor support services includes the system design and customization cost, implementation cost, training, and maintenance cost. The implementation of the support services in an organization requires IT staff with relevant skillset. Also, the implementation of the multi vendor support services requires planning, adequate funding, cooperation, and a clear vision at all managerial levels. Enterprises also need to train their employees on using multi vendor support services. Thus, these factors lead to an increased cost of implementation of the multi vendor support services, which adversely affects its adoption among the end-user industries such as IT, sales and marketing, and others. 

This multi vendor support services 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 trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Multi Vendor Support Services Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AT and T Inc.
  • Dell Technologies Inc.
  • FURUKAWA Co. Ltd.
  • Hitachi Ltd.
  • HP Inc.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Service Express LLC
  • XS International Inc.
  • Zensar Technologies Ltd.

 

This statistical study of the multi vendor support services market encompasses successful business strategies deployed by the key vendors. The multi-vendor support services market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The multi vendor support services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Multi Vendor Support Services Market?

For more insights on the market share of various regions Request for a FREE sample now!

38% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for multi vendor support services in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

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.

What are the Revenue-generating Service Segments in the Multi Vendor Support Services Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The multi vendor support services market share growth by the hardware segment will be significant during the forecast period. Hardware support services are preventive and remedial services that physically repair or optimize hardware, including contract maintenance and repair in the event of a problem. These support services include support for remote and on-premises workstations, servers, and storage. The growth of this market is driven by the growing demand for new levels of support services in this market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the multi-vendor support services market size and actionable market insights on post COVID-19 impact on each segment.

 

Multi Vendor Support Services Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.51%

Market growth 2022-2026

$ 10.07 billion

Market structure

Fragmented

YoY growth (%)

2.88

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

APAC at 38%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AT and T Inc., Dell Technologies Inc., FURUKAWA Co. Ltd., Hitachi Ltd., HP Inc., International Business Machines Corp., Microsoft Corp., Service Express LLC, XS International Inc., and Zensar Technologies 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 the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Multi Vendor Support Services Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive multi vendor support services market growth during the next five years
  • Precise estimation of the multi vendor support services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the multi-vendor support services industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of multi-vendor support services market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Service

    • Market segments
    • Comparison by Service
    • Hardware - Market size and forecast 2021-2026
    • Software - Market size and forecast 2021-2026
    • Market opportunity by Service

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor Landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AT and T Inc.
      • Dell Technologies Inc.
      • FURUKAWA Co. Ltd.
      • Hitachi Ltd.
      • HP Inc.
      • International Business Machines Corp.
      • Microsoft Corp.
      • Service Express LLC
      • XS International Inc.
      • Zensar Technologies Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The multi vendor support services market growth will increase by $10.07 billion during 2021-2026.
      The multi vendor support services market is expected to grow at a CAGR of 3.51% during 2021-2026.
      Technavio has segmented the multi vendor support services market by service (Hardware and Software) and geographic (North America, APAC, Europe, MEA, and South America).
      AT and T Inc., Dell Technologies Inc., FURUKAWA Co. Ltd., Hitachi Ltd., HP Inc., International Business Machines Corp., Microsoft Corp., Service Express LLC, XS International Inc., Zensar Technologies Ltd. are a few of the key vendors in the multi vendor support services market.
      APAC will register the highest growth rate of 37.64% among the other regions. Therefore, the multi vendor support services market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the multi vendor support services market growth are:
      • Rapid changes in the IT infrastructure
      The multi vendor support services market vendors should focus on grabbing business opportunities from the hardware segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Information Technology
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>