Market Insights Technology Cybersecurity Security Services

Managed Services - D-A-CH

D-A-CH

The Managed Services market in D-A-CH is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$1.30bn in 2024.
With an estimated annual growth rate (CAGR 2024-2029) of 1.78%, the market volume is anticipated to reach US$1.42bn by 2029.
When it comes to spending per employee, the average in the Managed Services market is projected to be US$23.39 in 2024.
This indicates the level of investment made by companies in this sector to avail the benefits of managed services.
In terms of global comparison, United States is expected to generate the highest revenue in the Managed Services market.
It is projected to reach a staggering US$10,260.0m in 2024.
This showcases the dominance of the US market in this segment.
Overall, the Managed Services market in D-A-CH holds great potential for growth and presents lucrative opportunities for businesses operating in this space.
In Germany, the demand for managed services is rapidly growing as companies seek to outsource their IT infrastructure management and focus on core business functions.

Key regions: India, Germany, Canada, Europe, Belgium

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.