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LONDON, GREATER LONDON , UK, November 13, 2023 /EINPresswire.com/ — The global multi-vendor support services market is set to expand from $59.74 billion in 2022 to $62.12 billion in 2023, marking a steady compound annual growth rate (CAGR) of 4.0%. Despite the disruptions stemming from the Russia-Ukraine conflict and the lingering impacts of the COVID-19 pandemic, the market is anticipated to continue its upward trajectory, with estimations indicating a rise to $71.97 billion by 2027, at a CAGR of 3.7%.
Driver: Navigating the Tech Landscape with Ease
The substantial proliferation and prevalence of technology providers are expected to drive the growth of the multi-vendor support services market during the forecast period. As technology continues to permeate various aspects of the business landscape, the demand for comprehensive vendor support services becomes imperative for effective technology implementation. For instance, in 2021, CDS, a provider of multi-vendor services (MVS) for data centers, introduced Commit, a global channel program designed to empower solution providers in delivering advanced, comprehensive, and complementary infrastructure services to enterprise customers.
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Players: Leading the Support Services Domain
Key players in the multi-vendor support services market include AT and T Inc., Dell Technologies Inc., Furukawa Co Ltd., Hitachi Ltd., HP Inc., International Business Machines Corp, Microsoft Corp, Service Express LLC, XS International Inc., Zensar Technologies Ltd., Lenovo, Abtech Technologies, Oracle, Fujitsu, CXtec, Curvature, Citycomp, Broadcom, Quantum Corp, Blue Sky Group Ltd., Softcat plc, Evernex Group SAS, NEC Corporation, Clear Technologies Inc., OnX Enterprise Solutions, Symantec Corporation, Citrix Systems Inc., Park Place, Ensure, MCSA Group, and Banjo.
Trends: Revolutionizing Telecom with Multi-Vendor Support
A rising trend in the multi-vendor support services market is the increasing demand for such services by telecom operators. Communication service providers (CSPs) are developing complex multi-vendor networks (UC) to cater to the diverse technology requirements, including 2G/3G/4G, future 5G mobile, data, TV, fixed line, and unified communications. Notably, in September 2021, Vodafone successfully tested a system, in collaboration with Benu Networks, Casa Systems, Cisco, and Nokia, designed to facilitate the rapid and seamless deployment of high-speed fixed broadband services to both existing and new customers across Europe, signaling a shift towards a more diversified and innovative supply chain.
Segments: Exploring the Support Services Landscape
The global multi-vendor support services market is segmented as follows:
• Type: Hardware Support Services, Software Support Services
• Application: Sales And Marketing, Financial And Accounting, Supply Chain, IT Operations, Other Applications
• Organization Size: Small And Medium Sized Enterprises, Large Enterprises
• Vertical: Banking, Financial Services And Insurance, Telecom And IT, Media And Entertainment, Travel And Logistics, Other Verticals
Region: Mapping the Support Services Territory
North America claimed the largest share of the multi-vendor support services market in 2022, while Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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Multi-Vendor Support Services Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Multi-Vendor Support Services Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on multi-vendor support services market size, multi-vendor support services market drivers and trends, multi-vendor support services market major players, multi-vendor support services market competitors’ revenues, market positioning, and multi-vendor support services market growth across geographies. The multi-vendor support services market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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