DUBLIN--(BUSINESS WIRE)--Jun 12, 2019--

The "The Managed service provider services: Western Europe forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

Managed service providers (MSPs) have a large and rapidly expanding opportunity. We expect that MSPs will account for 11% of the USD570 billion ICT market in Western Europe by 2023.

This report provides forecasts for nine different ICT service categories, with more-granular detail on the three most important service categories for MSPs: IT and managed services, infrastructure and business applications.

The report provides:

  • Forecasts for nine different high-level service categories for 2018-2023
  • Cloud and on-premises revenue growth comparisons
  • Forecasts for spending across businesses of different sizes
  • More-granular forecasts for the service categories that are most important to MSPs: IT and managed services, infrastructure and business applications.

Key Topics Covered

Executive Summary

  • MSPs' revenue will grow at a CAGR of 9% between 2018 and 2023, driven by IT and managed services, business applications, and infrastructure

Forecast Results

  • MSPs in WE will generate almost USD70 billion of revenue in 2023, which is around 11% of the total ICT market in Western Europe
  • IT and managed services, infrastructure and business applications account for over 75% of MSPs' revenue and are expected to deliver further strong revenue growth
  • MSPs' core target market is businesses with 10-250 employees in WE, but businesses of all sizes offer revenue growth opportunities
  • IT and managed services account for the largest portion of MSPs' revenue in WE, and 70% of this revenue comes from support and consulting services
  • Infrastructure is one of the largest and fastest-growing components of MSPs' portfolios, driven by the growing demand for the cloud server and networking services
  • Business applications revenue will increase at a CAGR of 18% in WE between 2018 and 2023, driven by basic SaaS such as email and productivity suites

List of Figures

Figure 1: Change in MSPs' revenue, by level 1 category, Western Europe, 2018-2023

Figure 2: MSPs' revenue, split by cloud and on-premises, Western Europe, 2018-2023

Figure 3: MSPs' revenue in 2018, and CAGR for revenue 2018-2023, by business size, Western Europe

Figure 4: Business spending on ICT services in 2018 and CAGR 2018-2023, by channel, Western Europe

Figure 5: Total business spending on ICT services, and MSPs' share, Western Europe, 2018-2023

Figure 6: MSPs' revenue, by level 1 category, Western Europe, 2018-2023

Figure 7: MSPs' revenue in 2018 and CAGR 2018-2023, by level 1 category, Western Europe

Figure 8: MSPs' revenue, by business size, Western Europe, 2018-2023

Figure 9: MSPs' revenue and CAGR, by level 1 category and business size, Western Europe, 2018-2023

Figure 10: MSPs' revenue from IT and managed services, by aggregated level 3 categories, Western Europe, 2018-2023

Figure 11: MSPs' revenue from infrastructure, split by cloud and on-premises, Western Europe, 2018-2023

Figure 12: MSPs' revenue from infrastructure services, by level 3 category, Western Europe, 2018-2023

Figure 13: MSPs' revenue from business applications, by level 2 category, Western Europe, 2018-2023

Figure 14: Definitions and key drivers for IT and managed services

Figure 15: Definitions and key drivers for infrastructure

For more information about this report visit https://www.researchandmarkets.com/r/cj0h7r

View source version on businesswire.com:https://www.businesswire.com/news/home/20190612005632/en/

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Related Topics:Computing Services

KEYWORD: EUROPE

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 06/12/2019 10:41 AM/DISC: 06/12/2019 10:41 AM

http://www.businesswire.com/news/home/20190612005632/en

Copyright Business Wire 2019.

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