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Managed Services Market to Reach $256.05 Billion by 2018 at a 12.4% CAGR - New Report by MarketsandMarkets
Date:8/20/2013

(PRWEB) August 20, 2013

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 from $142.75 billion in 2013 to $256.05 billion in 2018, at an estimated CAGR of 12.4% from 2013 to 2018.

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  • 118 Figures
  • 341 Pages and In-Depth Table of Content on “Managed Services Market”

http://www.marketsandmarkets.com/Market-Reports/managed-services-market-1141.html

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In the current scenario, the ‘high tech and telecommunication’ vertical continues to be the largest adopter of managed services. In terms of regions, North America is expected to be the largest market in terms of revenue contribution, while Europe, Asia Pacific (APAC), Latin America (LA) and Middle East and Africa (MEA) regions are expected to experience increased market traction in the coming years.

The recent trend in the industry shows that there is a high demand for managed services across every industry vertical. The implementation of Managed Services reduces the IT costs by 30 to 40 % in the enterprises. This enables organizations to have the flexibility and technical advantage with them. Enterprises having their services outsourced look forward to risk sharing and to reduce their IT costs and IT commitments, so that they are able to concentrate on their core competencies. Organizations implementing managed services have reported almost 50-60% increase in the operational efficiency of their outsourced processes.
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