The Global Managed IT Services market hit US$149-Billion in 2016
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The global Managed IT Services market hit US$149-Billion in 2016

Figures from ReportLinker states the global market for managed IT services reached US$149.1 billion in 2016 and is estimated to reach US$256.5 billion in 2021 from US$166.7 billion in 2017.

An increase in digitization, mostly from cloud based services from the banking, financial, insurance, technology and healthcare industries have driven up the managed IT services market and is forecasted to do so furthermore in the future. The global managed IT market has seen companies expanding their global presence via mergers and acquisitions. Factoring in government incentives from most countries, including Australia, amidst the latest global cyber attacks have also boosted the managed IT sector.

Out of all the industries with customer groups for Managed IT Services in 2016 it was the banking, financial and insurance sector which accounted for the majority of the market – 32 per cent. Followed by government and public, IT and telecoms, and healthcare sectors. Revenue alone from the banking, financial and insurance sector was US$48.5 billion in 2016.

Managed security services continues to be a highly profitable segment which innovates and launches new updates to products and services which defend companies and its users from outside cyber attacks. IntelliTeK offers IT security services to business in Sydney, New South Wales and across Australia. We partner with industry-leading vendors and ensure our collaboration with them protects your business from the latest cyber attacks.

The fear of cyber attacks will continue into 2018 and experts say we haven’t reached the peak of attacks. Position your business in the best possible way to ensure that your business is ready to fend off any attack and/or recover from any disaster which may affect your business, your customers and your staff.

About IntelliTeK Pty Ltd

IntelliTeK is a managed IT services company in Sydney, Australia. With major vendor relationships and accreditations from the world’s leading IT companies including WatchGuard, Microsoft, Trend Micro and Amazon Web Services, IntelliTeK have kept clients happy since 2007. 

IntelliTeK are always up to date with the latest cloud backup solutions which is why we only partner with the best in the industry. If your company isn’t fully equipped to fend off cyber criminals, then get in touch with us so we can discuss your options. Call us on 1300 768 779, email us at, fill out the web form, or have a Live Chat with us below.

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Ph: 1300 768 779