Managed Services market 2015 to grow at a CAGR of 13.7% by 2019: Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 09/18/2015 -- Managed services refer to the management of an organization's in-house functions by a third-party MSP. Managed services aid in enhancing operations and cutting organizational expenses. Global Managed Services market to grow at a CAGR of 13.7% over the period 2014-2019. An increase in the complexity of data handling issues, data protection, information security management, setting up of communication networks such as LAN/WAN, and getting mobile services has propelled the growth of the industry. Managed services include services that deal with security, infrastructure, mobility, printing, and other essential functions pertaining to the IT environment.
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About the Report
The latest report pinpoints an emphasis on improving earnings before interest, taxes, depreciation and amortization, as well as reducing operational costs as the motivation behind an increasing number of mergers and acquisitions, along with expansion of services by many companies in the market.
"Major industry players like telecom operators are focusing on increasing their operational flexibility in order to meet fluctuating market demands, and managed services help telecom operators stay focused on their core business rather than on the ongoing management of networks and systems,".
Covered in this Report
The Global Managed Services market can be divided into five segments: Managed Datacenter Services, Managed Infrastructure Services, Managed Network Services, Managed Security Services, and Managed Mobility Services.
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Global Managed Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Managed Services market landscape and its growth prospects in the coming years. The report also includes a profile of key vendors operating in this market.
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Furthermore, the report highlights the high adoption of the cloud-based managed services model. The market for managed cloud services for printing in SMEs is expected to grow in the near future. Many end-users prefer cloud-based solutions because of the advantages they offer like reduced costs and ease of installation and operations.
"With the growing demand for cloud-based offerings, many vendors in the Global Managed Services Market have started offering cloud-based services,"