Technology

Managed Services Market Size to Reach USD 847.4 Billion by 2033, Fueled by Cloud Transformation, Cybersecurity Demand, and AI-Driven IT Operations

Published

3 hours ago

June 15, 2026

According to a new report by Grand View Research, Global Managed Services Market Expected to Grow at a CAGR of 9.9% Through 2033 as Enterprises Accelerate Digital Transformation and IT Modernization Initiatives

SAN FRANCISCO, June 15, 2026 /PRNewswire/ — The global managed services market size was valued at USD 401.1 billion in 2025 and is poised for significant expansion over the next decade, with market size projected to reach USD 847.4 billion by 2033, growing at a compound annual growth rate (CAGR) of 9.9% from 2026 to 2033. The market’s growth is being driven by the increasing adoption of cloud computing, rising cybersecurity concerns, growing complexity of enterprise IT environments, and the widespread implementation of artificial intelligence (AI) and automation technologies across industries.

Organizations worldwide are increasingly relying on managed services providers (MSPs) to support critical business operations, optimize IT infrastructure, improve cybersecurity resilience, and reduce operational costs. As businesses continue to navigate evolving technology landscapes, managed services have emerged as a strategic solution that enables enterprises to focus on core business objectives while ensuring reliable, secure, and scalable technology operations.

The growing need for business agility, operational efficiency, and uninterrupted digital experiences is encouraging organizations of all sizes to outsource key IT functions. Managed service providers are responding by expanding their offerings across cloud management, network monitoring, cybersecurity, data center operations, unified communications, and business process outsourcing services.

Digital Transformation Initiatives Continue to Drive Market Expansion

Digital transformation remains one of the most significant catalysts influencing the growth of the global managed services market. Organizations across industries are investing heavily in modern technologies to enhance customer experiences, improve operational efficiency, and gain competitive advantages in increasingly digital economies.

As enterprises modernize legacy systems and transition toward cloud-native environments, the need for specialized expertise and continuous technology management has intensified. Managed service providers help organizations navigate these complex transformations by delivering end-to-end support, strategic consulting, infrastructure optimization, and ongoing operational management.

Businesses are increasingly seeking technology partners capable of supporting hybrid and multi-cloud environments while ensuring performance, compliance, and security. This trend has elevated the role of managed services from a cost-saving measure to a critical component of long-term business strategy.

Furthermore, organizations are recognizing the importance of maintaining scalable and flexible IT ecosystems capable of adapting to rapidly changing business requirements. Managed services enable enterprises to achieve these objectives while minimizing risks associated with technology deployment and management.

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Rising Cloud Adoption Creates Significant Opportunities for Service Providers

The continued migration of enterprise workloads to cloud environments is creating substantial growth opportunities for managed services providers worldwide. As organizations embrace public, private, and hybrid cloud infrastructures, the demand for cloud management services is increasing significantly.

Many enterprises lack the internal resources and expertise necessary to effectively manage complex cloud environments. Consequently, they are turning to managed service providers for assistance with cloud migration, workload optimization, cost management, infrastructure monitoring, and governance.

Cloud-based managed services help organizations improve scalability, accelerate innovation, and enhance operational efficiency while reducing the burden on internal IT teams. These solutions also support business continuity by enabling seamless access to critical applications and data across distributed work environments.

The growing adoption of software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS) solutions is expected to further strengthen demand for cloud-focused managed services throughout the forecast period.

Increasing Cybersecurity Threats Accelerate Demand for Managed Security Services

Cybersecurity has become a top priority for organizations worldwide as the frequency and sophistication of cyberattacks continue to rise. Businesses face growing challenges related to ransomware, phishing attacks, data breaches, insider threats, and regulatory compliance requirements.

In response, organizations are significantly increasing investments in managed security services to strengthen their security posture and protect critical business assets. Managed security service providers offer continuous threat monitoring, incident response, vulnerability management, endpoint protection, and security operations center (SOC) capabilities.

The shortage of skilled cybersecurity professionals has further amplified the demand for outsourced security expertise. Managed security services allow organizations to access advanced technologies, specialized talent, and round-the-clock monitoring capabilities without making substantial investments in internal security infrastructure.

As regulatory frameworks continue to evolve and data protection requirements become more stringent, businesses are expected to increasingly rely on managed security providers to maintain compliance and mitigate cyber risks.

AI and Automation Transform the Managed Services Landscape

Artificial intelligence and automation technologies are reshaping the managed services industry by enabling providers to deliver more efficient, proactive, and intelligent services.

AI-powered monitoring systems can identify anomalies, predict potential failures, and automate routine operational tasks, reducing downtime and improving service quality. Automation also helps organizations streamline workflows, optimize resource utilization, and accelerate issue resolution.

Managed service providers are integrating machine learning algorithms, predictive analytics, and intelligent automation platforms into their service portfolios to enhance operational efficiency and deliver greater value to clients.

The adoption of AI-driven IT operations, commonly referred to as AIOps, is expected to become increasingly widespread as enterprises seek to improve infrastructure performance and reduce manual intervention in technology management processes.

These technological advancements are not only improving service delivery but also enabling providers to develop innovative solutions tailored to evolving customer requirements.

Large Enterprises Continue to Lead Market Adoption

Large enterprises account for a significant share of the managed services market due to their extensive technology infrastructures, complex operational requirements, and global business footprints.

These organizations often manage large volumes of data, multiple cloud environments, and diverse application ecosystems that require continuous monitoring and maintenance. Managed services help large enterprises maintain operational continuity while optimizing costs and improving efficiency.

Additionally, multinational corporations frequently rely on managed service providers to support global operations, ensure compliance across jurisdictions, and maintain standardized service levels across geographically dispersed locations.

As digital transformation initiatives continue to expand, large organizations are expected to increase their reliance on strategic managed services partnerships to support long-term growth and innovation objectives.

Small and Medium-Sized Businesses Increasingly Embrace Outsourced IT Services

Small and medium-sized enterprises (SMEs) are emerging as an important growth segment within the managed services market. Many SMEs face challenges related to limited IT budgets, resource constraints, and difficulties attracting specialized technology talent.

Managed services offer these businesses access to enterprise-grade technology expertise and infrastructure without requiring significant capital investments. Outsourcing IT operations allows SMEs to focus on business development, customer engagement, and revenue generation while benefiting from reliable and secure technology environments.

Cloud-based managed services are particularly attractive to SMEs due to their flexibility, scalability, and cost-effectiveness. As digital adoption accelerates among smaller organizations, demand for managed services is expected to increase steadily.

BFSI Sector Remains a Key Revenue Contributor

The banking, financial services, and insurance (BFSI) sector continues to represent one of the largest end-use industries within the managed services market.

Financial institutions are undergoing rapid digital transformation as they seek to enhance customer experiences, strengthen security frameworks, and comply with evolving regulatory requirements. Managed service providers support these initiatives by delivering infrastructure management, cybersecurity services, cloud solutions, and business continuity capabilities.

The increasing adoption of digital banking platforms, mobile payment solutions, AI-powered customer service applications, and advanced analytics tools is creating additional demand for managed services within the BFSI sector.

Given the highly regulated nature of financial services, organizations often rely on experienced managed service providers to ensure compliance while maintaining operational efficiency and resilience.

North America Maintains Market Leadership While Emerging Regions Gain Momentum

North America continues to dominate the global managed services market, supported by advanced technology infrastructure, strong cloud adoption rates, and the presence of leading technology vendors and service providers.

The region’s mature digital ecosystem and high levels of enterprise technology spending have contributed significantly to market growth. Organizations across sectors such as healthcare, finance, government, manufacturing, and telecommunications are increasingly adopting managed services to optimize operations and enhance cybersecurity.

Meanwhile, emerging economies across Asia-Pacific, Latin America, and the Middle East are experiencing growing demand for managed services as businesses accelerate digital transformation efforts. Expanding internet connectivity, cloud adoption, and government-led digitization initiatives are creating new opportunities for service providers in these regions.

As enterprises in developing markets continue to modernize their technology infrastructures, managed services adoption is expected to increase substantially.

Browse more Managed Services Industry Research Report by Grand View Research

Future Outlook: Managed Services Become Central to Enterprise Technology Strategies

The future of the managed services market will be shaped by ongoing advancements in cloud computing, cybersecurity, artificial intelligence, edge computing, and data analytics. Organizations are increasingly seeking strategic technology partners capable of delivering comprehensive, outcome-based solutions that align with broader business objectives.

Managed services providers are expected to expand their capabilities beyond traditional IT management by offering integrated solutions that support innovation, resilience, and digital growth. The convergence of AI, automation, and cloud technologies will enable providers to deliver more predictive, proactive, and personalized services.

As businesses continue to prioritize operational efficiency, cybersecurity readiness, and digital transformation, managed services are expected to become an indispensable component of enterprise technology ecosystems worldwide.

With organizations facing increasing pressure to innovate while controlling costs and mitigating risks, the global managed services market is positioned for sustained growth throughout the forecast period, creating significant opportunities for technology providers, service vendors, and enterprises across industries.

About the Global Managed Services Market

Managed services encompass a broad range of outsourced technology functions, including infrastructure management, network monitoring, cybersecurity, cloud management, data center services, communications support, backup and disaster recovery, and business process outsourcing. These services enable organizations to improve performance, strengthen security, enhance scalability, and achieve long-term operational excellence while focusing on their core business priorities.

To learn more about growth opportunities in the managed services market, access the full report from Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Explore Grand View Consumer Insights Platform – The GVR Consumer Insights Platform combines data from our Global Voice of Consumer Survey — capturing real, evolving consumer sentiment and behavior. Get transparent, periodic insights across lifestyles, media habits, brand perceptions, and purchase triggers to fuel data-backed strategies.

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Grand View Research, Inc.

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Technology

QUIGLEY-SIMPSON LAUNCHES NEW AI DISCOVERABILITY AND VISIBILITY OFFERING

Published

9 minutes ago

June 15, 2026

Agency Helps Brands Improve How They Are Discovered, Understood, Referenced, and Recommended Across AI-Powered Platforms

LOS ANGELES, June 15, 2026 /PRNewswire/ — Quigley-Simpson, the impact-obsessed independent marketing agency, today announced a new AI discoverability and visibility offering designed to help brands improve how they are discovered, understood, referenced, and recommended across AI assistants, large language models (LLMs), search engines, and digital media environments.

As consumers increasingly turn to AI-powered platforms for information, recommendations, and purchasing decisions, brands face a new challenge: ensuring accurate, credible, and authoritative information about their business is available and accessible to both people and AI systems.

“Consumers are no longer discovering brands through search engines, advertising, or social media alone,” said Carl Fremont, CEO of Quigley-Simpson. “AI platforms are becoming an increasingly important source of information and recommendations. Brands must now think beyond traditional visibility and consider how they are represented across the broader AI ecosystem.”

The new capability helps brands understand and improve the signals that influence how AI systems interpret, evaluate, and recommend information. Unlike point solutions focused solely on monitoring AI responses, Quigley-Simpson’s approach combines communications, content, creative, media, analytics, and optimization to help brands actively strengthen their visibility and authority.

Built on the agency’s integrated operating system, the offering leverages expertise from communications, creative, media, analytics, strategy, and technology teams to address this emerging challenge.

“We believe brands now need to market to both humans and machines,” said Jeff Ratner, President, Media, Data & Analytics at Quigley-Simpson. “The information AI platforms use doesn’t appear by accident. It is shaped by content, communications, media signals, authority, and credibility across the digital ecosystem. What differentiates our approach is our ability to move beyond diagnosis and activate solutions through integrated communications, creative, media, and analytics programs.”

Historically, communications strategies were designed primarily to influence people. Today, they also influence the systems increasingly shaping consumer discovery and decision-making.

“Brands have spent decades optimizing how they communicate with consumers,” said Alissa Stakgold, President Strategy and Creative Services, at Quigley-Simpson. “Now they must also consider how they communicate with the AI systems that summarize, interpret, and distribute information at scale. This capability helps brands better understand those dynamics and respond strategically.”

The offering combines proprietary methodologies with leading third-party technologies, including AI visibility and monitoring platforms, while leveraging Quigley-Simpson’s broader media, analytics, and intelligence infrastructure.

Initial services include:

• AI visibility and discoverability audits
• Brand authority and citation analysis
• Competitive benchmarking
• Communications and content strategy
• Creative and messaging optimization
• Media and content amplification
• AI response monitoring and reporting
• Ongoing optimization and measurement

The framework is built around five core pillars: Content, Credibility, Connections, Coverage, and Calibration.

Together, these pillars help brands strengthen the signals that influence how AI systems interpret, reference, and recommend information while improving consistency across communications, content, media, and customer experiences.

ABOUT QUIGLEY-SIMPSON:
Headquartered in Los Angeles, with an office in New York City, Quigley-Simpson is the largest WBENC-certified woman-owned advertising agency in the country and an impact-obsessed marketing partner for brands seeking measurable growth. Its fully integrated offerings span brand strategy, creative development, media planning and buying, digital performance, analytics, and AI-enabled solutions. For 25 years, Quigley-Simpson has helped brands break through growth barriers by connecting brand building with business outcomes. As a full-solutions, full-journey agency, it transforms insights into action and action into measurable impact, delivering results that drive long-term growth and competitive advantage. Clients include industry leaders such as JPMorgan Chase and Procter & Gamble, alongside high-growth brands including Generac, Simply Business, Finance of America, and Kumon. Quigley-Simpson’s approach is rooted in a simple philosophy: be Brand-led, Demand-driven, and Impact-obsessed.

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SOURCE Quigley-Simpson

Technology

Dialogica Emerges from Stealth to Empower Lawyers to Reclaim Their Time

Published

9 minutes ago

June 15, 2026

New class of legal cognition provides fully secure, local platform to remove the rote, non-billable work that slows lawyers down

SANTA MONICA, Calif., June 15, 2026 /PRNewswire/ — Dialogica (“Dia”), the new, voice-first class of legal cognition built to empower lawyers to reclaim their time while preserving legal judgment, trust, and confidentiality, announced its public launch today. The company is supported by Ground Up Ventures, led by Cory Moelis, and global leading lawyers, including Tom Glocer, ex-CEO of Thomson Reuters, and members of the board of directors at Morgan Stanley and Merck, Scott Taylor, former GC of Symantec, Health Ingram, a Top 40 BioTech Regulatory Counsel and Partner at Goodwin Proctor, and partners at various AmLaw 50 law firms.

Dia was built to free lawyers from the rote work that holds firms back, like calendaring, timekeeping, redlining, precedent searching, tracking clients, matters, deals, and cases, and much more, so they can focus on what they do best. Sensitive firm data stays within the firm’s walls, and Dia works seamlessly with the systems and technology already in place. The result is more billable time and revenue per lawyer, and more room for work-life balance that is rarely afforded in the industry.

The launch comes as current ‘last mile’ legal AI tools have focused on the drafting work that lawyers spend years training to do. Dia is focused on the first mile of legal work; this is the high-friction layer where matters start, where time is lost, and where repetitive work slows lawyers down. It operates as a horizontal, voice-first dialogue layer that strengthens what firms already have rather than replacing it, and was built to provide a practical, secure way to give lawyers an intuitive, easy-to-use system while maintaining the standards of security, confidentiality, and control that their clients demand.

“I spent years watching my colleagues, and brilliant lawyers, lose hours every single day to work that had nothing to do with being a lawyer,” said Austin Worrell, Co-Founder and CEO, Dialogica. “We built Dia to give lawyers this time back, without touching their judgment, training on firm data, or asking anyone to change how they work. We want lawyers to be able to focus on counsel, strategy, and client services; the work that defines a great law firm, and that no AI could ever replace.”

“We built Dia to be the first platform that works the way law firms already operate, rather than force them into a new system,” said Joshua Goodman, Co-Founder and CTO, Dialogica. “At the same time, Dia does not compromise on security, ensuring firms get all the benefits without anything leaving their environment. This is an exciting moment to work with firms that want to move now to define the modern legal practice and future-proof their practices.”

Scott Joachim serves as President of Dialogica, and has almost three decades of experience as a corporate attorney. He previously served as Co-Chair of the Global Private Equity Practice at Paul Hastings, an “American Lawyer Top 25” international law firm, and chair of the private equity practice at leading technology law firm Fenwick and West. He also serves as an adjunct professor at Columbia University. “The intersection of law and technology is at a critical inflection point. I joined Dialogica because I’ve seen first-hand the inefficiencies and frictions in law practice that our products solve. The numbers are undeniable.”

“There is nothing in the market right now making non-billable hours more productive,” said Cory Moelis, General Partner, Ground Up Ventures. “In a field where privacy is absolutely critical, you can’t just build using foundational models. Assistants are emerging as the next wave as models become commodities, and that’s why I’m thrilled to be involved with Dialogica, as they are ahead of this curve.”

About Dialogica
Dialogica, Inc. is the company behind Dia, a secure amplified intelligence platform built to help law firms clear the clutter of daily practice while preserving the legal judgment, client trust, and confidentiality that define the profession. Designed for the operating realities of sophisticated firms, Dia is a voice-first dialogue layer that works across existing systems to reduce repetitive, non-billable work and give lawyers more time for the counsel, strategy, analysis, and client service only they can provide. For more information, visit: dialogicaai.com.

Media Contact
Dialogica@5wpr.com

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SOURCE Dialogica, Inc.

Technology

NEUBERGER MUNICIPAL FUND ANNOUNCES MONTHLY DISTRIBUTION

Published

9 minutes ago

June 15, 2026

NEW YORK, June 15, 2026 /PRNewswire/ — Neuberger Municipal Fund Inc. (NYSE American: NBH) (the “Fund”) has announced a distribution declaration of $0.05417 per share of common stock. The distribution announced today is payable on July 15, 2026, has a record date of June 30, 2026, and has an ex-date of June 30, 2026. The Fund seeks to provide income that is exempt from regular federal income tax. Distributions of the Fund may be subject to the federal alternative minimum tax for some stockholders.

The distribution announced today, as well as future distributions, may consist of net investment income, realized capital gains, and return of capital. In the event the Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. To the extent that a distribution includes a return of capital, the NAV per share may decline and an investor’s cost basis of their shares will be reduced. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2026 will be made after the end of the year.

About Neuberger

Neuberger is an employee-owned, private, independent investment manager founded in 1939 with approximately 3,000 employees across 26 countries. The firm manages $567 billion of equities, fixed income, private markets, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger’s investment philosophy is founded on active management, fundamental research and engaged ownership. The firm is proud to be recognized for its commitment to its two constituents, clients and employees. Again in 2025, we were named Best Asset Manager for Institutional Investors in the US (Crisil Coalition Greenwich) and the #1 Best Place to Work in Money Management (Pensions & Investments, firms with more than 1,000 employees). Neuberger has no corporate parent or unaffiliated external shareholders. Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of March 31, 2026.

Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund’s performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund’s investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

Contact:
Neuberger Berman Investment Advisers LLC
Investor Information
(877) 461-1899

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