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North America Managed Services Market Worth $68.65 Billion by 2018 - New Report by MicroMarket Monitor
Date:7/11/2014

(PRWEB) July 11, 2014

Global enterprises today are shifting towards the changing trend in managed services to outsource day-to-day management activities. Managed services offer these global enterprises a strategic method to cut down additional expenses. The economic slowdown resulted into rising operational costs to companies. The aim to minimize operational costs and expenses is considered to be the global market driver for expanding the managed services market in the future.

The global managed services market is estimated to grow from $142.75 billion in 2013 to $256.05 billion in 2018. This rise in revenue is at a Compound Annual Growth Rate (CAGR) of 12.4% from 2013 to 2018.

The North American Managed Services market is estimated to grow from $50.08 billion in 2013 to $68.65 billion in 2018. This rise in revenue is at a Compound Annual Growth Rate (CAGR) of 6.5% from 2013 to 2018.

Browse through the market data tables, figures and detailed ToC on the “North America Managed Services (ICT) Market”

http://www.micromarketmonitor.com/market/north-america-managed-services-ict-6775904867.html

Related Reports

Latin America Managed Services (ICT) Market
Technological developments in the Latin American region have leveraged modern IT capabilities over conventional IT infrastructure. This offers organizations access to new-age tools and techniques to strategically manage routine operations. The surge in networking technologies has boosted regional networking and cloud infrastructure. These are the main market drivers for the managed services market in the Latin American region. New companies are emerging in the managed services market in the region to generate revenues in the outsourcing business.

The Latin American Managed Services market is estimated to grow from $15.73 billion in 2013 to $38.20 billion in 2018. This rise in revenue is at a Compound Annual Growth Rate (CAGR) of 19.4% from 2013 to 2018.

http://www.micromarketmonitor.com/market/latin-america-managed-services-ict-3578157359.html

Europe Managed Services (ICT) Market
Global enterprises in Europe have faced the challenge of availability of an enhanced workforce in the past decade. This has led to huge operational costs on the part of companies. The managed services sector is thus gaining impetus in the European region with increased outsourcing of enhanced workforce. The trend of adopting the right business partner has also helped the managed services market grow rapidly in the region. More companies have generated needs for managed services for their routine operations to control operational costs.

The European Managed Services market is estimated to grow from $40.24 billion in 2013 to $50.29 billion in 2018. This rise in revenue is at a Compound Annual Growth Rate (CAGR) of 4.6% from 2013 to 2018.

http://www.micromarketmonitor.com/market/europe-managed-services-ict-7311711733.html

Asia-Pacific Managed Services (ICT) Market
The Asia-Pacific region has varied industrial sectors offering products and services to a very large customer base. The degree of customization offered in the managed services is considered to be a major driving factor in the regional market. The technological growth in the field outsourcing in the region would foster rapid growth in the managed services sector. The IT sector in the region is looking out for cost competitive technologies and business partners. The managed services market would experience enhanced growth due to the facilitative conditions.

The Asia-Pacific Managed Services market is estimated to grow from $19.39 billion in 2013 to $58.25 billion in 2018. This rise in revenue is at a Compound Annual Growth Rate (CAGR) of 24.6% from 2013 to 2018.

http://www.micromarketmonitor.com/market/asia-pacific-managed-services-ict-9939129584.html

Middle East and Africa Managed Services (ICT) Market
The economy in the Middle-East and African region is rapidly expanding with many global corporations establishing their regional offices in the region. These newly established enterprises have concentrated on the initial growth and expansion of the company in the new region. The companies are thus outsourcing many of the in-house operations and services to the managed services providers. The newly emerging trend of outsourcing has set be the main market driver for the managed services market in the near future.

The Middle-East and African Managed Services market is estimated to grow from $17.32 billion in 2013 to $40.66 billion in 2018. This rise in revenue is at a Compound Annual Growth Rate (CAGR) of 18.6% from 2013 to 2018.

http://www.micromarketmonitor.com/market/middle-east-and-africa-managed-services-ict-9921854100.html

About MicroMarket Monitor

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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