Managed Services Market Expected to Reach $256.05 Billion by 2018 - Report by MarketsandMarkets

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MarketsandMarkets

Major Players in Managed Services Market are Alcatel-Lucent, At&T, Cisco, Dell, EMC, Ericsson, Fujitsu, Hewlett-Packard (HP), IBM, Lockheed Martin, Microsoft, Nokia, Rackspace, Verizon Communications, ZTE and many more.

(PRWEB) June 06, 2014

The “Managed Services Market [Managed Data Center, Managed Network, Managed Information, Managed Mobility, Managed Infrastructure, Managed Communications, Managed Security] - Global Advancements, Market Forecasts and Analysis (2013 - 2018)”, the managed services market is estimated to grow $256.05 billion in 2018, at an estimated CAGR of 12.4% 2018.

Browse 183 market data tables and 118 figures spread through 341 pages and in-depth TOC on “Managed Services Market - Global Advancements, Market Forecasts and Analysis -2018”.
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The Managed Services market is broadly segmented by type of its services: Managed Data Center, Managed Network, Managed Mobility, Managed Infrastructure, Managed Communications, Managed Information, Managed Security and other managed services, By type of service consumers: Small Office Home Office (SOHO), Small and Medium Businesses (SMB), Large Enterprises; By type of verticals: Public Sector, Banking, Financial Services and Insurance (BFSI), Education, Retail, Contact Centers and Service Industries, High Tech and Telecommunications, Healthcare and Pharmaceuticals, Travel and Logistics, Manufacturing, Energy and Utilities and others; By regions: North America (NA), Asia pacific (APAC), Europe, Latin America (LA), Middle East and Africa (MEA).

The managed services market space has witnessed considerable developments in recent years. Newer managed services with aggressive pricing in services is been offered resulting in an increase in overall revenues of the managed services market. Businesses look to these outsourced services to maintain cost-effectiveness in their businesses and be more apt towards newer technological changes. Businesses have become more competitive, responsive and flexible to global IT practices, due to managed services. Such services also enable an organization to concentrate on their core competencies, so that the organization’s overall productivity and profitability is increased.

With surge in cloud computing, big data and mobility opportunities, managed services have become more of a necessity rather than a cost effective choice. As businesses struggle to maintain their foothold in the highly competitive scene with receding global economies, managed services seem to be a viable option for enterprises to steer their way ahead and gain considerable momentum to succeed. Rather than relying on fragile IT recovery systems, managed services allows enterprises concentrate on operational efficiency while the MSP takes full responsibility of the customer’s outsourced process. The competitive managed services market is marked by newer service adoptions and wide a range of services offerings and varying customer interests in them. It has been observed that the customers who leverage managed services achieve their targeted ROI in shorter period of time than when they managed their own processes in-house. With the adoption of managed services, the emphasis is placed on ensuring customer’s success, which makes these services a winning establishment for everyone involved. This briefing will investigate the market landscape of managed services across the different verticals globally and will specifically focus on the user adoption across the various types of services segments and their sub-segments. Today, managed services are the core proficiency of any technology company.

MarketsandMarkets forecasts the Managed Services market to grow $256.05 billion in 2018, at a CAGR of 12.4% 2018. In terms of regions, North America is expected to have the largest revenue contribution, followed by Europe and APAC regions. Europe and APAC regions are expected to experience increased market traction in the coming years.

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