GITNUX MARKETDATA REPORT 2024

Hub Services Industry Statistics

Hub Services Industry Statistics provide key insights and trends related to the growth and performance of companies offering centralized services to facilitate communication and business operations.

In the following post, we examine compelling statistics shaping the global managed hub services industry, shedding light on market size, growth projections, sector dominance, and emerging trends. From the expanding role of cloud-based services to key sector forecasts, these data points offer valuable insights into the dynamic landscape of managed services worldwide.

Statistic 1

"In 2020, the Global Managed Hub Services Market size was estimated at USD 49.54 billion."

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Statistic 2

"The managed hub services market is projected to grow at a CAGR of 15% from 2021 to 2028."

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Statistic 3

"The managed hub services market is projected to reach USD 13.44 billion by 2028."

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Statistic 4

"North America dominated the global managed hub services market with a share of 34.8% in 2020."

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Statistic 5

"The telecommunication sector accounted for the largest share in the managed hub services market in 2020."

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Statistic 6

"The cloud-based managed hub services segment is projected to grow at the highest CAGR during the forecast period."

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Statistic 7

"The healthcare sector is anticipated to exhibit the highest CAGR in the managed hub services market from 2021-2028."

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Statistic 8

"The managed IT services segment held the largest market share of 23.67% in 2020."

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Statistic 9

"The managed security services segment is expected to grow at a CAGR of 16.3% from 2021 to 2028."

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Statistic 10

"Over 42% of businesses outsourced their technology needs to managed service providers in 2020."

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Statistic 11

"Managed hub services in Information Technology are projected to reach USD 329.1 billion by 2025."

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Statistic 12

"In Asia-Pacific, the annual growth rate of the managed services market is expected to be 18% between 2021 and 2026."

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Statistic 13

"The managed services market in Europe is expected to reach USD 111 billion by 2025."

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Statistic 14

"The managed services arena in the technology sector will see a global annual growth rate of 14.7% from 2020 to 2027."

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Statistic 15

"The energy and utilities sector is poised to grow at the highest CAGR in the managed hub services market within the forecast period."

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Statistic 16

"The managed cloud services segment has captured nearly 39% of the overall market share in 2020."

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Statistic 17

"By 2027, about 91% of all businesses will use cloud services."

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Statistic 18

"The demand for managed services from government and public sector is expected to reach USD 95 billion by 2023 worldwide."

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The statistics presented reflect a promising outlook for the global managed hub services market, with substantial growth projections and market trends across various sectors and regions. The market is expected to witness significant expansion driven by the surge in demand for cloud-based services and the increasing adoption of managed services across industries such as telecommunications, healthcare, IT, and energy. North America currently leads the market, but Asia-Pacific is set to experience rapid growth in the coming years. The data suggest a strong and sustained trajectory for the managed hub services industry, showcasing its pivotal role in meeting the evolving technology needs of businesses worldwide.

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