Market Insights Technology Cybersecurity Security Services

Managed Services - Eastern Asia

Eastern Asia

The Managed Services market in Eastern Asia is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$2.02bn in 2024.
This indicates a promising future for the industry in the region.
Furthermore, the market is anticipated to experience a steady annual growth rate (CAGR 2024-2029) of 2.36%.
As a result, the market volume is expected to expand to US$2.27bn by 2029.
This indicates a positive trend and showcases the potential for further development and expansion in the Eastern Asian region.
When analyzing the Managed Services market, it is also essential to consider the average Spend per Employee.
In 2024, it is projected to reach US$2.21, highlighting the level of investment made by companies in this sector to enhance their services and capabilities.
This demonstrates the commitment of businesses in Eastern Asia to leverage Managed Services market to drive growth and efficiency.
In terms of global comparison, it is worth noting that United States is expected to generate the highest revenue in the Managed Services market.
In 2024, the projected revenue for the United States is an impressive US$10,260.0m.
This showcases the dominance of the United States in this market segment and emphasizes its position as a key player in the global landscape.
Overall, the Managed Services market in Eastern Asia is poised for substantial growth, with significant revenue projections and a positive outlook.
This presents an opportunity for businesses in the region to capitalize on the benefits offered by Managed Services market and drive their growth and success.
In Japan, the demand for managed services is rapidly increasing as companies seek to outsource IT infrastructure management to specialized providers.

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.