Market Insights Technology Cybersecurity Security Services

Managed Services - Portugal

Portugal

The Managed Services market in Portugal is expected to see a significant growth in revenue, reaching US$17.13m by 2024.
This projection indicates a promising market potential for Managed Services market in the country.
Furthermore, it is anticipated that the market will continue to expand at an annual growth rate of 2.12% from 2024 to 2029.
This steady growth trajectory is projected to result in a market volume of US$19.02m by 2029, further solidifying the importance of Managed Services market in Portugal.
Additionally, the average Spend per Employee in the Managed Services market is estimated to reach US$3.13 in 2024.
This figure reflects the level of investment made per employee in the industry, highlighting the value placed on Managed Services market in Portugal.
In a global context, it is noteworthy that United States is anticipated to generate the highest revenue in the Managed Services market, amounting to US$10,260.0m in 2024.
This comparison showcases the dominance of the United States in this particular market segment.
However, it is important to recognize the unique opportunities and potential that in Portugal holds within the Managed Services market industry.
Portugal's managed services market is experiencing rapid growth, driven by increased demand for IT outsourcing solutions from local businesses.

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

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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.