Key players in the Asia-Pacific Managed Services (MS) market are Alcatel-Lucent, AT&T, Cisco, Dell, and EMC.
(PRWEB) December 14, 2014
The Asia-Pacific Managed Services (MS) market report defines and segments the MS market in Asia-Pacific with analysis and forecast of revenue. This market was valued at $19.68 billion in 2013 to reach $70.48 billion by 2019, at a CAGR of 23.3% during the forecast period.
Browse through the TOC of the Asia-Pacific Managed Services (MS) market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
Managed services are considered as skilled outsourcing services meant to transfer in-house functionalities, which are to be managed by third party managed service providers (MSP). Managed services market is witnessing accelerated growth in recent years, due to the advancements made in cloud computing, big data, and mobility services. Such outsourced services enable organizations to bring in competences that are lacking in order to replace functions or processes incurring huge recurring costs.
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The Asia-Pacific managed services market is mainly driven by the flexibility offered by these services to match custom requirements. Managed service users can customize their requirements as per the amount of assets and capital they possess. Moreover, new business propositions in China have augmented the growing demand of managed services market in this region. The concept of managed services is adopted across several organizations for reducing the complexity in business and increasing efficiency. There is a vast market opportunity for investing in China managed services market, due to various alliances and partnerships conducted worldwide, thereby resulting in the development of technologically advanced and unique managed services solutions.
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The managed services market is broadly segmented by varied technologies, such as managed data center, managed network, managed mobility, managed communications, managed information, and managed security among other managed services. With respect to verticals, this market is classified into small office home office (SOHO), small and medium businesses (SMBs), and large enterprises. By type of verticals, the Asia-Pacific managed services market is categorized into public sectors and government, banking, financial services and insurance (BFSI), education, retail, contact centers and services, hi-tech and telecommunication, health care and pharmaceuticals, travel and logistics, manufacturing, and energy and utilities.
North America Managed Services (ICT) Market
The North American managed services market is expected to grow from $50.83 billion in 2013 to $69.68 billion in 2018, at an expected CAGR of 6.51% from 2013 to 2018.
North America has many IT companies based in the U.S and Canada. Recently, the IT sector in North America faced an economic crisis. In such a situation, the operational cost of IT companies increased. To reduce these extra expenses, North America is adopting the managed services option. These managed services help organizations outsource their strategic functions and concentrate on core business objectives by controlling extra expenses.
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