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MSP Software Market Size To Grow By USD 178.85 Million From 2021 To 2026|The Increased Adoption Of IoT Solutions To Boost Market Growth - Technavio

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NEW YORK, Aug. 7, 2023 /PRNewswire/ -- The MSP software market size is expected to increase by USD 178.85 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.01%, according to Technavio. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

MSP software market – Company Analysis

Company Landscape - The MSP software market is fragmented, with the presence of several global as well as regional companies. A few prominent companies that offer MSP software in the market are Acronis International GmbH, AT and T Inc., Atera Networks Ltd., Auvik Networks Inc., Bravura Software LLC, Cisco Systems Inc., ConnectWise LLC, DNSFilter Inc., Hewlett Packard Enterprise Co., Hornetsecurity Ltd., Infosys Ltd., International Business Machines Corp., Kaseya Ltd., LogicMonitor Inc., Opmantek Software Pty Ltd., ServiceNow Inc., TitanHQ, Trend Micro Inc., Wipro Ltd., Ziff Davis LLC, and Zoho Corp. Pvt. Ltd. and others.

What's New? -

  • Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
  • Global competitiveness and key competitor positions
  • Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Company Offerings -

  • Acronis International GmbH - The company offers MSP Software for hybrid backup cloud, disaster recovery, ransomware protection, esignatures, and blockchain-based files.
  • Atera Networks Ltd - The company offers MSP Software through all-in-one Remote Monitoring and Management and Professional Services Automation platform for MSPs which adds IT automation to the work.
  • Cisco Systems Inc. - The company offers MSP Software such as SaaS security products, which can be brought directly through the registration process.
  • For details on the company and its offerings – Request a sample report

MSP Software Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on deployment (on-premises and cloud-based), type (managed data center, managed network, managed infrastructure, managed mobility, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

The MSP software market share growth in the on-premises segment will be significant during the forecast period. The on-premises MSP software is much more secure than managed services based on SaaS due to end-to-end quality control. Large client organizations, which are more focused on functionality than costs, dominate the industry. Hence, these factors are expected to drive segment growth during the forecast period.

Geography Overview

By geography, the MSP software market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global MSP software market.

  • North America is estimated to contribute 37% to the growth of the global market during the forecast period. The expansion of the MSP software industry in the region is due to the major manufacturers' strong presence and market penetration. The surge in specifically targeted cyber-attacks on enterprise-critical data is another significant factor influencing the market's expansion. One of the major contributors to the MSP software market in the region has been the US. This is primarily due to the growing need for compliance management, improved organizational alignment, accessibility to more modern technologies, and considerable expenditures across industries. Hence, these factors are expected to drive market growth in the region during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

MSP Software MarketMarket Dynamics

Key Drivers

The increased adoption of IoT solutions is a key factor driving market growth. IoT technology enables smart machines to monitor and operate numerous items using microcontrollers through the Internet from remote locations. IoT makes MSP software possible because managed communication services and machine-to-machine (M2M) connectivity are needed by smart, linked devices. Building end-to-end IoT infrastructure for smart cities, smart homes, smart healthcare, and smart transportation systems is made possible with the help of MSP software. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

Increased adoption of the bring-your-own-device (BYOD) policy is a major trend in the market. The BYOD program was implemented to give employees a flexible, affordable solution and to increase productivity. The BYOD program aids businesses in lowering their IT costs by lowering capital expenditure and enhancing productivity. Furthermore, companies are providing solutions to create a setting where employees of an organization can use their personal devices through reliable Internet access infrastructure to implement the BYOD program successfully. Therefore, these factors are expected to drive market growth during the forecast period.

Significant Challenges

Data privacy and security risks in cloud-based services are significant challenges restricting market growth. Due to the open architecture and shared resources that cloud-based infrastructure is built on, cyberattacks can readily access cloud-based data storage systems. Companies should utilize multi-factor authentication techniques, such as biometrics, to encrypt client data and authorize users through the clients' IT systems. Companies must adhere to the legal requirements for managing cloud security. Hence, data privacy and security risks are expected to restrict market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this MSP Software Market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the MSP software market between 2022 and 2026
  • Precise estimation of the size of the MSP software market and its contribution to the market with a focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the MSP software market across North America, Europe, APAC, South America, and the Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of MSP software market companies

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MSP Software Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.01%

Market growth 2022-2026

USD 178.85 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

11.67

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, China, Germany, France, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Acronis International GmbH, AT and T Inc., Atera Networks Ltd., Auvik Networks Inc., Bravura Software LLC, Cisco Systems Inc., ConnectWise LLC, DNSFilter Inc., Hewlett Packard Enterprise Co., Hornetsecurity Ltd., Infosys Ltd., International Business Machines Corp., Kaseya Ltd., LogicMonitor Inc., Opmantek Software Pty Ltd., ServiceNow Inc., TitanHQ, Trend Micro Inc., Wipro Ltd., Ziff Davis LLC, and Zoho Corp. Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

  • 5.1 Market segments
    • Exhibit 25: Chart on Deployment - Market share 2021-2026 (%)
    • Exhibit 26: Data Table on Deployment - Market share 2021-2026 (%)
  • 5.2 Comparison by Deployment 
    • Exhibit 27: Chart on Comparison by Deployment
    • Exhibit 28: Data Table on Comparison by Deployment
  • 5.3 On-premise - Market size and forecast 2021-2026 
    • Exhibit 29: Chart on On-premise - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Data Table on On-premise - Market size and forecast 2021-2026 ($ million)
    • Exhibit 31: Chart on On-premise - Year-over-year growth 2021-2026 (%)
    • Exhibit 32: Data Table on On-premise - Year-over-year growth 2021-2026 (%)
  • 5.4 Cloud-based - Market size and forecast 2021-2026 
    • Exhibit 33: Chart on Cloud-based - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Data Table on Cloud-based - Market size and forecast 2021-2026 ($ million)
    • Exhibit 35: Chart on Cloud-based - Year-over-year growth 2021-2026 (%)
    • Exhibit 36: Data Table on Cloud-based - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Deployment 
    • Exhibit 37: Market opportunity by Deployment ($ million)

6 Market Segmentation by Type

  • 6.1 Market segments
    • Exhibit 38: Chart on Type - Market share 2021-2026 (%)
    • Exhibit 39: Data Table on Type - Market share 2021-2026 (%)
  • 6.2 Comparison by Type
    • Exhibit 40: Chart on Comparison by Type
    • Exhibit 41: Data Table on Comparison by Type
  • 6.3 Managed data center - Market size and forecast 2021-2026 
    • Exhibit 42: Chart on Managed data center - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on Managed data center - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on Managed data center - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on Managed data center - Year-over-year growth 2021-2026 (%)
  • 6.4 Managed network - Market size and forecast 2021-2026 
    • Exhibit 46: Chart on Managed network - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Managed network - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Managed network - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Managed network - Year-over-year growth 2021-2026 (%)
  • 6.5 Managed infrastructure - Market size and forecast 2021-2026 
    • Exhibit 50: Chart on Managed infrastructure - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Managed infrastructure - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Managed infrastructure - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Managed infrastructure - Year-over-year growth 2021-2026 (%)
  • 6.6 Managed mobility - Market size and forecast 2021-2026 
    • Exhibit 54: Chart on Managed mobility - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Managed mobility - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Managed mobility - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Managed mobility - Year-over-year growth 2021-2026 (%)
  • 6.7 Others - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 6.8 Market opportunity by Type 
    • Exhibit 62: Market opportunity by Type ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview 
    • Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation 
    • Exhibit 64: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 65: Data Table on Market share by geography 2021-2026 (%)
  • 8.2 Geographic comparison
    • Exhibit 66: Chart on Geographic comparison
    • Exhibit 67: Data Table on Geographic comparison
  • 8.3 North America - Market size and forecast 2021-2026 
    • Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 8.4 Europe - Market size and forecast 2021-2026 
    • Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 8.5 APAC - Market size and forecast 2021-2026 
    • Exhibit 76: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 77: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 78: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 79: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 8.6 South America - Market size and forecast 2021-2026 
    • Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 8.7 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 84: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 85: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 86: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 87: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 8.8 US - Market size and forecast 2021-2026 
    • Exhibit 88: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 89: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 90: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 91: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 8.9 Germany - Market size and forecast 2021-2026 
    • Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 8.10 China - Market size and forecast 2021-2026 
    • Exhibit 96: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 97: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 98: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 99: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 8.11 France - Market size and forecast 2021-2026 
    • Exhibit 100: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 101: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 102: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 103: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 8.12 UK - Market size and forecast 2021-2026 
    • Exhibit 104: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 105: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 106: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 107: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 8.13 Market opportunity by geography 
    • Exhibit 108: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges 
    • Exhibit 109: Impact of drivers and challenges in 2021 and 2026
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape
    • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption
    • Exhibit 111: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 112: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 113: Vendors covered
  • 11.2 Market positioning of vendors 
    • Exhibit 114: Matrix on vendor position and classification
  • 11.3 Acronis International GmbH 
    • Exhibit 115: Acronis International GmbH - Overview
    • Exhibit 116: Acronis International GmbH - Product / Service
    • Exhibit 117: Acronis International GmbH - Key offerings
  • 11.4 Atera Networks Ltd.
    • Exhibit 118: Atera Networks Ltd. - Overview
    • Exhibit 119: Atera Networks Ltd. - Product / Service
    • Exhibit 120: Atera Networks Ltd. - Key offerings
  • 11.5 Auvik Networks Inc.
    • Exhibit 121: Auvik Networks Inc. - Overview
    • Exhibit 122: Auvik Networks Inc. - Product / Service
    • Exhibit 123: Auvik Networks Inc. - Key offerings
  • 11.6 Cisco Systems Inc.
    • Exhibit 124: Cisco Systems Inc. - Overview
    • Exhibit 125: Cisco Systems Inc. - Business segments
    • Exhibit 126: Cisco Systems Inc. - Key news
    • Exhibit 127: Cisco Systems Inc. - Key offerings
    • Exhibit 128: Cisco Systems Inc. - Segment focus
  • 11.7 ConnectWise LLC
    • Exhibit 129: ConnectWise LLC - Overview
    • Exhibit 130: ConnectWise LLC - Product / Service
    • Exhibit 131: ConnectWise LLC - Key news
    • Exhibit 132: ConnectWise LLC - Key offerings
  • 11.8 DNSFilter Inc.
    • Exhibit 133: DNSFilter Inc. - Overview
    • Exhibit 134: DNSFilter Inc. - Product / Service
    • Exhibit 135: DNSFilter Inc. - Key offerings
  • 11.9 Infosys Ltd.
    • Exhibit 136: Infosys Ltd. - Overview
    • Exhibit 137: Infosys Ltd. - Business segments
    • Exhibit 138: Infosys Ltd. - Key news
    • Exhibit 139: Infosys Ltd. - Key offerings
    • Exhibit 140: Infosys Ltd. - Segment focus
  • 11.10 International Business Machines Corp. 
    • Exhibit 141: International Business Machines Corp. - Overview
    • Exhibit 142: International Business Machines Corp. - Business segments
    • Exhibit 143: International Business Machines Corp. - Key offerings
    • Exhibit 144: International Business Machines Corp. - Segment focus
  • 11.11 Kaseya Ltd.
    • Exhibit 145: Kaseya Ltd. - Overview
    • Exhibit 146: Kaseya Ltd. - Product / Service
    • Exhibit 147: Kaseya Ltd. - Key offerings
  • 11.12 Wipro Ltd.
    • Exhibit 148: Wipro Ltd. - Overview
    • Exhibit 149: Wipro Ltd. - Business segments
    • Exhibit 150: Wipro Ltd. - Key news
    • Exhibit 151: Wipro Ltd. - Key offerings
    • Exhibit 152: Wipro Ltd. - Segment focus

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist 
    • Exhibit 153: Inclusions checklist
    • Exhibit 154: Exclusions checklist
  • 12.3 Currency conversion rates for US$ 
    • Exhibit 155: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 156: Research methodology
    • Exhibit 157: Validation techniques employed for market sizing
    • Exhibit 158: Information sources
  • 12.5 List of abbreviations
    • Exhibit 159: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

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UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com


SOURCE Technavio

First published on Tue, Aug 8, 2023

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