Categories: Market Research

Proactive Services Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Proactive Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Proactive Services Global Market Report 2024, The proactive services market size has grown exponentially in recent years. It will grow from $5.26 billion in 2023 to $6.32 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to increasing complexity of it environments, growing cybersecurity threats, data explosion and management challenges, increased reliance on business intelligence, focus on regulatory compliance..

The proactive services market size is expected to see exponential growth in the next few years. It will grow to $13.43 billion in 2028 at a compound annual growth rate (CAGR) of 20.8%. The growth in the forecast period can be attributed to enterprise digitization initiatives, demand for proactive network management, focus on proactive data governance, advancements in proactive monitoring tools, growing emphasis on predictive maintenance, continuous monitoring of user behavior.. Major trends in the forecast period include ai-powered automation, iot-enabled proactive monitoring, remote monitoring and management, cloud-based proactive solutions, cross-platform proactivity, collaboration and unified communications monitoring, proactive data management and backup..

The increasing adoption of artificial intelligence (AI) and the internet of things (IoT) is significantly contributing to the growth proactive services market. Artificial intelligence (AI) and the internet of things (IoT) collect data from various sources in a network to analyze and identify patterns in collected data which can be used to predict issues that are repetitive in nature or may occur in similar conditions which can be helpful in executing proactive services. According to a September 2023 Artificial Intelligence (AI) Industry Statistics report by SmartTek Solutions, a US-based software development company, in 2022, the global AI market was worth a total of about $120 billion. In 2021, it was only worth $87 billion. If growth trends continue, the AI market is expected to exceed $1.5 trillion by 2030 and AI adoption is expected to have an annual growth rate of 37.3% from 2023 to 2030. Therefore, increasing adoption of artificial intelligence (AI) and the internet of things (IoT) is driving the proactive services market.

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The proactive services market covered in this report is segmented –

1) By Service: Design and Consulting, Managed Services, Technical Support

2) By Technology: Big Data Analytics, Artificial Intelligence, Machine Learning

3) By Size: Large Enterprise, Small and Medium Enterprise

4) By Application: Cloud Management, Customer Experience Management, Data Center Management, End-point Management, Network Management

Increasing collaborations and strategic partnerships are a key trend gaining popularity in the proactive services market. Major companies operating in the market are focusing on strategic partnerships with other companies and stakeholders to expand operations and popularize the value proposition of enhancing customer experience and support experience. For instance, in February 2022, a US-based IT services company, CSS Corp entered into a strategic partnership with SupportLogic, a US-based company offering support experience (SX) platforms that enable companies to proactively understand and act on the voice of the customer. The partnership aims to help businesses enhance their customer support experience proactively by preventing escalations, improving backlog management, and reducing customer adoption barriers. The companies will jointly execute several go-to-market programs in cloud-based support environments by leveraging AI and NLP. In addition, in June 2020, a US-based technology corporation, Microsoft partnered with Menlo Security, a US-based cyber security company to obtain advance vulnerability information through the Microsoft Active Protections Program (MAPP). The program helps in providing early access to vulnerability information to security software providers, thus, helping them protect their customers faster.

The proactive services market report table of contents includes: