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The support services market size is forecast to increase by USD 509.6 billion at a CAGR of 11% between 2024 and 2029.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The support services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The hardware segment is estimated to witness significant growth during the forecast period. The market is undergoing substantial changes, with a focus on enhancing customer experience and optimizing operational efficiency. Service desk automation and incident management solutions are gaining popularity, streamlining processes and reducing response times. In the hardware sector, there is a shift towards subscription-based models, allowing businesses to access advanced technology with predictable costs and flexibility. This trend is especially prevalent in industries that demand rugged devices, where continuous upgrades and maintenance are crucial for productivity. Additionally, the market is witnessing an increase in staff augmentation services, providing businesses with skilled professionals to address their support needs.
Customer satisfaction remains a top priority, driving the adoption of user-friendly help desk software, knowledge base management, and remote support solutions. Change management and problem resolution are also critical areas of focus, with IT support teams leveraging performance monitoring, security support, integration services, consulting services, and field technicians to ensure seamless implementation and maintenance of systems. Remote access solutions and cloud support are becoming essential for businesses seeking to enable their workforce to operate from anywhere. The market is further evolving with the integration of artificial intelligence and machine learning, enabling proactive problem resolution and personalized customer experiences. A key trend driving market expansion is the integration of advanced technologies, such as artificial intelligence (AI) models into customer support systems.
Overall, the market is continuously adapting to meet the evolving needs of businesses and consumers, with a strong emphasis on innovation and customer satisfaction.
The Hardware segment was valued at USD 287.30 billion in 2019 and showed a gradual increase during the forecast period.
The Support Services Market is evolving with robust third-party support, offering businesses specialized assistance. The ITIL framework ensures streamlined service management, while an effective incident response plan enhances operational resilience. Customer Relationship Management (CRM) strengthens engagement, integrating a knowledge management system for efficient issue resolution. Innovations in machine learning (ML) refine predictive support, while augmented reality (AR) and virtual reality (VR) enhance interactive troubleshooting. The rise of self-service portals empowers users, backed by omnichannel support for seamless communication. Prioritizing customer experience (CX) drives higher Net Promoter Score (NPS) and Customer Effort Score (CES), reflecting service quality and satisfaction. Outsourcing trends indicate a growing reliance on business support services for administrative functions, customer interactions, and data analytics.
North America is estimated to contribute 33% 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.
The North American market is undergoing considerable expansion, fueled by technological advancements and the growing demand for reliable IT infrastructure. A notable trend in this market is the modernization of enterprise IT systems. In April 2024, a critical US military command initiated a major overhaul of its IT infrastructure, securing contracts worth over USD900 million. This modernization project incorporates advanced technologies such as artificial intelligence (AI) and machine learning to optimize data management and decision-making processes. The command's transition to a new cloud computing environment aims to boost operational efficiency and agility. Service desk automation, change management, and incident management are key components of this modernization, ensuring efficient problem resolution and improved customer satisfaction. Outsourcing trends indicate a growing reliance on business support services for administrative functions, customer interactions, and data analytics.
Support engineers and help desk analysts are instrumental in implementing these solutions, while knowledge base management and technical documentation facilitate the learning process. Asset management and performance monitoring ensure optimal utilization of resources, and security support safeguards the new infrastructure. Integration services, consulting services, and managed services further enhance the value proposition of these solutions. Field service, network support, and remote support cater to diverse requirements, while community support and support forums foster collaboration and knowledge sharing. Cloud support and release management enable seamless software updates, and database support ensures data integrity. Root cause analysis and escalation management maintain service quality, and technical support teams provide ongoing assistance.
Hardware support and service request management complete the comprehensive suite of services offered in the North American market.
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 support services 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 support services 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, support services market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - This company provides a range of support services, including AppleCare, cloud solutions, digital content, and payment processing.
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, with dynamic market activities unfolding across various sectors. Entities offering security support, integration services, consulting services, field technicians, network support, support forums, cloud support, release management, software support, incident management, customer service, application support, database support, IT support, and more, are integral components of this ever-changing landscape. Service ticket systems and service desk automation streamline processes, enabling service level reporting and effective help desk management.
Change management, field service, and customer satisfaction are key areas of focus, with support engineers leveraging technical documentation and implementation services to ensure seamless integrations. Knowledge base management and problem resolution are critical for maintaining high levels of performance monitoring and security support. Regulatory and compliance changes, supply chain resilience, digital content, cybersecurity concerns, and the implementation of customized business solutions and new applications are essential considerations for businesses in the face of these disruptions.
Remote support, user guides, and training and education empower users, while asset management and incident reporting facilitate effective data center support. Managed services, help desk analysts, community support, and performance monitoring further enhance the market, ensuring continuous improvement and innovation. Root cause analysis, escalation management, and service catalog are essential elements of technical support teams, enabling hardware support and onsite support when necessary. Remote access solutions and release management are vital components of cloud support, enabling organizations to optimize their IT infrastructure and adapt to the ever-changing technological landscape. Software support, incident management, and customer service remain at the forefront of application and database support, ensuring businesses can effectively address their IT needs.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Support Services Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
225 |
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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 11% |
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Market growth 2025-2029 |
USD 509.6 billion |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
9.6 |
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Key countries |
US, China, Germany, Canada, UK, Japan, India, South Korea, France, and Italy |
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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 Service Type
9 Market Segmentation by End-user
10 Market Segmentation by Delivery Mode
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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