Lewes, DE -- (SBWIRE) -- 03/13/2015 -- Report forecast the Managed Services market in Saudi Arabia to grow at a CAGR of 22.60 percent over the period 2014-2019.

Managed services refer to the management of an organization's in-house functions by a third-party MSP. As a result of globalization and increased complexity of the global business landscape, companies in Saudi Arabia are moving to smarter and readily achievable solutions to address issues such as cost-cutting and to focus on their core competencies. Managed services aid in enhancing operations and cutting organizational expenses. 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 proliferated the growth of the industry.

This report covers the present scenario and the growth prospects of the Managed Services market in Saudi Arabia for the period 2015-2019. The market is categorized into four main segments: Hardware and Software Support, Data Center Hosting, Disaster Recovery Support, and Security Support.

According to the lead analyst of this report,the growing role of cloud and virtualization solutions is one of the major trends, which is expected to boost the growth potential of the market. Private cloud solutions enable better security and improve control of critical data and business operations.

According to the report, the growing need for cyber-security is a major driver, which is expected to fuel the market growth during the forecast period. Newly adopted technologies warrant increased security measures to ensure the safety and privacy of company data.

Further, the report states that the shortage of talented IT professionals is a key challenge faced by the market. The management of certain operational processes requires a significant level of knowledge of the business environment in which the client operates.

Managed Services Market in Saudi Arabia 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Managed Services market landscape in Saudi Arabia and its growth prospects in the coming years. The report also includes the profile of key vendors operating in this market.

This report covers the following companies as the key players in the Managed Services Market in Saudi Arabia: Cisco Systems Inc., IBM Corp., Jeraisy Computer & Communication Services Co. (JCCS), Juniper Networks and Mobily.

Other Prominent Vendors in the market are: ACS, Advanced Electronics Company, Arabic Computer Systems, Banque Saudi Franci, BT Applied Technology, Detecon al Saudia, Diyar United, Ebtikkar, eHDF, Ejada Systems Company, Etisalat, Google, HP, Infosys, MDS, Meeza, Salesforce.com, SBM, TCS and Wipro.

Key Market Driver
- Need to Achieve Operational Excellence
- For a full, detailed list, view our report

Key Market Challenge
- High Risk of Cyber-attacks
- For a full, detailed list, view our report

Key Market Trend
- Increased Adoption of Private Cloud Solutions
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages, "Managed Services Market in Saudi Arabia 2015 - 2019" report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Technology, Comparison of Saudi Arabia Managed Services Market with Qatar and UAE, Market Segmentation by End-users, Scope of Smart Grid Managed Services Market in Saudi Arabia, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/managed-services-market-saudi-arabia-2015-2019

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