Today: September 25, 2016, 7:27 pm
  
Finance

Global managed services market: $256 billion industry by 2018

companiesandmarkets.com
companiesandmarkets.com
Managed Services Market: Global Advancements, Market Forecasts and Analysis 2013-2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-18 12:25:02
The global managed services market is suggested to have reached a value of around $142.7 billion at the beginning of 2013, and is forecast to grow to a total of $256 billion by 2018. This suggests a CAGR growth rate of around 12.4% between 2013 and 2018.

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.

Enterprises have accepted outsourcing services as a means to enable them reduce their Capital Expenditure (CapEx) and free up internal sources. Newer managed services that penetrate almost all the industry domains, along with aggressive pricing in services, are being offered. This results in increase in the overall revenues of the managed services market. It is observed that there is an increase in outsourcing of wireless, communications, mobility and other value added services, such as content and e-commerce facilities. With increasing technological advancements and the cost challenges associated with having the IT services in-house, the future seems optimistic enough for application services providers and managed services providers.

Click for report details: www.companiesandmarkets.com/Market/Information-Technology/Market ..

Browse all Information Technology Market Research Reports www.companiesandmarkets.com/Market/Information-Technology/Market ..

Browse all Information Technology Company Profile Reports www.companiesandmarkets.com/Market/Information-Technology/Compan ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com



# 513 Words
Related Articles
 
More From Finance
P2P lending platform Monexo partners with IDBI-Trusteeship [..]
For Immediate Release: 2nd September 2016 MUKESH BUBNA, CEO Monexo Fintech Pvt Limited www.monexo.co/in mukesh.bubna@monexo.co P2P [..]
Day Trade to Win New September Class [..]
Sold Out? New Class Added – On September 6, 2016, DayTradeToWin.com is launching a brand new eight-week trading boot camp [..]
FTM (Forget The Market) Reopens 3 Shares [..]
Port Vila, Vanuatu, 28th July 2016 - Investment firm FTM today announced the reopening of three separate share options, projected [..]
Ex-Citibanker Launching Online P2P marketplace in India [..]
A study conducted by World Bank shows that MSMEs in India face an estimated credit gap of INR 20.9 trillion [..]
New Frontier Portfolios Top Morningstar Rankings
New Frontier’s global strategic portfolios topped the Global Balanced Strategic/All-Inclusive category of the latest Morningstar ETF [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.