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The main companies covered in the United States and Puerto Rico IT Managed Services Market Research Report are IBM Corporation, Infosys Limited, Cisco System Inc., DXC Technology Company, Accenture PLC, Hewlett Packard Enterprise Development LP, AT&T Inc., Verizon Communications Inc , Dell Technologies Inc., Tata Consultancy Services Limited, Rackspace Technology, iNubo IT, CP CORP and other key market players.

New York, September 17, 2021 (GLOBE NEWSWIRE) – According to statistics from the Organization for Economic Co-operation and Development (OECD), the research and development budget allocated by the United States government for the development of transport, telecommunications and other infrastructure has been estimated at 1957 million dollars in the year 2020, against 1591 million USD in 2012. On the other hand, according to statistics from the North American Industry Classification System (NAICS) Association, the total of American companies marketable under the code 5112 (publishers of software), 5173 (wired and wireless) telecommunications operators), 5174 (satellite telecommunications), 5179 (other telecommunications), 5182 (data processing, hosting and related services) and 5191 (other information services) were 24078, 51552, 181, 75152, 22296 and 33698 respectively.

Research Nester published a report titled Managed IT Services Market in the United States and Puerto Ricowhich is segmented by company size, type of service, deployment, and vertical industry. The report contains descriptive information on the latest trends, growth drivers, opportunities and challenges associated with the market in 2019-2028.

The United States is known for providing advanced information technology (IT) services. Every year, many IT-based startups are established in the region providing efficient and reliable technologies and solutions rapidly accelerating to market. In the year 2018, over 30 million small businesses operated in the United States. In addition, capital funding for startups reached around $ 150 billion in 2017. Additionally, it is estimated that around 60% of small businesses would outsource their services to other small businesses.

Supported by the growing awareness of process outsourcing among business enthusiasts, the US market is expected to achieve revenue of $ 174,853.6 million by the end of 2028, up from $ 71,760 million. in 2019, registering a CAGR of 11%. over the forecast period, ie 2020 to 2028. The domestic market is also expected to grow due to the increasing adoption of new technologies by organizations. In 2020, over 35% of businesses, mostly in the United States, have created a data-driven organization. In the same year, over 60% of organizations said they were innovating with big data and AI. On the other hand, in Puerto Rico, the managed IT services market generated a revenue of USD 510 million in 2019 and is expected to reach USD 973.3 million in 2028 growing at a CAGR of 7.5% during of the forecast period. The growth of the market in Puerto Rico can be attributed to factors such as the growing need for an advanced IT infrastructure and the growing focus of small and medium-sized enterprises (SMEs) on risk reduction and core business. However, the growing number of cybersecurity threats and the lack of skilled IT professionals are expected to hamper the growth of the market in the coming years. According to data released by the FBI’s Internet Crime Complaint Center (IC3), in 2019, 467,361 cybercrime complaints were registered. That year, about $ 3.5 billion in losses were caused to individuals and businesses.

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The US Managed IT Services market is segmented into six regions including Western United States, Northeastern US, Southeastern US, Southwestern US United States and the United States Midwest, among which the Western United States market is rated as having the highest growth rate. by 11.7% over the forecast period. The market achieved a revenue of USD 18,298.8 million in 2019 and is expected to reach USD 47,035.6 million by the end of 2028. In addition, in 2021, the region is expected to generate revenue of USD 22,079.6 million. The growth of the market in the western United States can mainly be attributed to the presence of many IT companies in the region, followed by the rise of technological advancements in IoT and artificial intelligence. Additionally, the Western United States market is segmented into California, Alaska, Washington, Oregon, and the rest of the Western United States. Of these, the California market is expected to experience the highest CAGR of 12.1% during the forecast period and reach the highest market revenue of USD 31,252.8 million by the end. of 2028, thanks to the strong presence of the main market players and to the increase in employment in the sector of scientific and technical services of the State. According to data provided by the California State Department of Employment Development, employment in professional, scientific and technical services in May 2020 was calculated at 1,286,100 people. The number rose to 1,344,800 in May 2021.

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The market is segmented on the basis of business type into large and small and medium enterprises (SMEs), among which, the large enterprise segment in the US market is expected to occupy a notable market share of USD 108,552.3 million of by the end of 2028, up from $ 46,569.3 million in 2019. By 2021, the value of this segment is expected to reach $ 55,008.3 million. On the other hand, the SME segment is expected to observe a growth rate of 11.9% during the forecast period, considering the high adoption of complex automation systems and the wide implementation of cloud technologies. in these organizations. It is estimated that over 40% of SMBs prefer the public cloud, while around 75% of small businesses are expected to adopt cloud computing by 2020. Apart from this, the increase in the number of startups in the United States is expected. also lead to the future growth of this market segment. The large business segment in the western United States is further expected to reach a value of USD 28,841.4 million by the end of 2028 growing at a CAGR of 11.1% during the forecast period. Additionally, the SME segment is expected to grow with the highest CAGR of 8.4% during the forecast period in Puerto Rico. The segment is also expected to reach revenue of $ 206.6 million by the end of 2021.

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The managed IT services market in the United States and Puerto Rico is also segmented on the basis of type of service, deployment, and industry vertical.

Managed IT Services Market in the United States and Puerto Rico, Segmentation by Service Type

  • Managed network services

  • Network monitoring

  • Managed network provisioning

  • SD-WAN network

  • Others

  • Managed Data Center and IT Infrastructure Services

  • Server management

  • Storage management

  • Workstation management

  • IMAC Services

  • Managed print services

  • IT infrastructure services

Managed IT Services Market in the United States and Puerto Rico, Segmentation by Deployment

Managed IT Services Market in the United States and Puerto Rico, segmentation by Vertical industry

  • BFSI

  • Telecommunications and IT

  • Health care

  • Manufacturing

  • Energy and utilities

  • Consumer goods and retail

  • Education

  • Media and entertainment

  • Others

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Some of the top industry leaders mentioned in our report and associated with the Managed IT Services market in USA and Puerto Rico are IBM Corporation, Infosys Limited, Cisco System Inc., DXC Technology Company, Accenture PLC, Hewlett Packard Enterprise Development LP, AT&T Inc., Verizon Communications Inc, Dell Technologies Inc., Tata Consultancy Services Limited, Rackspace Technology, iNubo IT, CP CORP and others.

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About Research Nester

Research Nester is a one-stop-shop service provider with customer base in over 50 countries, a leader in strategic market research and consulting with an unbiased and unprecedented approach to assisting global industry players, conglomerates and executives with their future investments while avoiding future uncertainties. With a ready-made mindset to produce statistical and analytical market research reports, we provide strategic advice so that our clients can make sound business decisions with clarity while strategizing and planning their future needs and succeed in carrying out their future projects. We believe that every business can expand to its new horizon, provided the right direction at the right time is available through strategic minds.

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