Multi-Vendor Support Services Market - Global Forecast to 2023: Major Players are IBM, Dell, HP, Oracle, Fujitsu, NEC, Lenovo, Symantec and Hitachi

DUBLIN, Aug 31, 2018 /PRNewswire/ --

The "Multi-Vendor Support Services Market by Service Type (Hardware and Software Support Services), Business Application (Sales and Marketing, Financial and Accounting, Supply Chain, and IT Operations), Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global Multi-Vendor Support Services (MVSS) market size to grow from USD 53.09 billion in 2018 to USD 60.14 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 2.52% during the forecast period.

Major growth factors for the MVSS market include the rapidly increasing changes in the IT infrastructure, rising maintenance costs of OEM services, reducing IT support and maintenance complexities, and regaining control of infrastructure support from OEMs. In addition to this, the increasing need for new levels of support services and growing use of centralized support services are other driving forces for the market. The global Multi Vendor Support Services Market is segmented by service type, business application, organization size, vertical, and region.

The hardware support services segment is expected to account for a higher market share. Hardware support services help organizations stay on top of the support and maintenance of their equipment through providing post warranty services, extending life of devices, and offering system upgrades and patches. The hardware support services include preventive and remedial services, such as contract maintenance and per-incident repair online, telephonic technical troubleshooting and assistance for setup, and hardware warranty upgrades. Additionally, the increase in demand for a new level of services is expected to drive the growth of this market.

The supply chain business application is expected to hold significant market size during the forecast period. Supply chain is the management of materials and information as they move across the value chain. There is an increasing need for visibility at every stage of the supply chain, Companies are deploying technologies that enable increased visibility from distribution centers to shipping processes. This has led to the use of cloud-based options to improve efficiency within the distribution centers and warehouses. Furthermore, the technologies such as Radio Frequency Identification (RFID) and Near Field Communication (NFC) are being used to track, trace, maintain, repair and overhaul, and manage crew. Support services are required to ensure the smooth functioning of this business application. MVSS help maintain and manage hardware and software infrastructure by providing support services.

The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period. These enterprises face greater resource crisis than large enterprises, owing to the fact that SMEs have a lower rate of adoption in the current market scenario. However, MVSS offer a comprehensive set of services that help customers optimize their investments, manage labor costs, and provide advanced IT infrastructure and technologies; these factors are expected to increase the adoption of MVSS among SMEs. Hence, the SMEs segment is expected to adopt MVSS at a higher rate than large enterprises.

Loss of control over IT assets, concerns over sharing of proprietary data, and privacy and security issues are the major restraining factors for the growth of the Multi Vendor Support Services Market. However, the recent developments such as new service launches and acquisitions undertaken by the major market players are expected to boost the market growth.

The study measures and evaluates the major offerings and key strategies of the key market vendors, such as IBM (US), Dell (US), HP (US), Oracle (US), Fujitsu (Japan), NEC (Japan), Lenovo (China), Symantec (US), and Hitachi (Japan).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Multi-Vendor Support Services Market
4.2 Market Top 3 Business Applications and Regions
4.3 Market By Service Type, 2018-2023
4.4 Market By Organization Size, 2018
4.5 Market By Region, 2018-2023
4.6 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapid Changes in the IT Infrastructure
5.2.1.2 Rising Maintenance Cost of Oem Services
5.2.1.3 Mvss Reduce IT Support and Maintenance Complexities
5.2.1.4 Regain Control of Infrastructure Support From OEMs
5.2.2 Restraints
5.2.2.1 Loss of Control Over IT Assets
5.2.2.2 Concerns Over Sharing of Proprietary Data, Privacy, and Security Issues
5.2.3 Opportunities
5.2.3.1 Increasing Need for New Levels of Support Services
5.2.3.2 Growing Use of Centralized Support Services
5.2.4 Challenges
5.2.4.1 Lack of Technical Expertise
5.2.4.2 Lack of New Service Offerings in Accordance With Changes in the IT Infrastructure
5.3 Use Cases
5.4 Multi-Vendor Support Services Ecosystem

6 Multi-Vendor Support Services Market, By Service Type
6.1 Introduction
6.2 Hardware Support Services
6.3 Software Support Services

7 Market By Business Application
7.1 Introduction
7.2 Financial and Accounting
7.3 Sales and Marketing
7.4 Supply Chain
7.5 IT Operations
7.6 Production
7.7 Human Resource
7.8 Others

8 Multi-Vendor Support Services Market, By Organization Size
8.1 Introduction
8.2 Small and Medium-Sized Enterprises
8.3 Large Enterprises

9 Market By Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.3 Government and Defense
9.4 Retail and Consumer Goods
9.5 Telecom and IT
9.6 Healthcare and Life Sciences
9.7 Manufacturing
9.8 Media and Entertainment
9.9 Energy and Utilities
9.10 Travel and Logistics
9.11 Others

10 Multi-Vendor Support Services Market, By Region
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 Latin America

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking
11.3 Competitive Scenario
11.3.1 New Service Launches and Enhancements
11.3.2 Partnerships, Collaborations, and Agreements
11.3.3 Mergers and Acquisitions

12 Company Profiles

• Abtech Technologies
• Citrix
• Citycomp
• Computer Data Source (CDS)
• Curvature
• Dell
• Ensure Services
• Evernex
• Fujitsu
• Hitachi
• HP
• IBM
• Lenovo
• MCSA Group
• Microsoft
• NEC
• Netapp
• ONX
• Oracle
• Park Place Technologies
• Service Express
• Symantec
• Terix Computer Service
• XS International
• Zensar Technologies

For more information about this report visit https://www.researchandmarkets.com/research/4dqpdz/multivendor?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets