Managed Services Market will Grow Significantly in the Next Five Years

Date: 2015-08-17

“The managed services market will grow significantly in the next five years due to the wide adoption of managed services by organizations across various verticals, to achieve better economies of scale. Managed services includes managed data center, managed network, managed mobility, managed infrastructure, managed communications, managed information and managed security. The large enterprises are continuously trying to manage their IT infrastructure in an efficient and cost-effective way. In order to use less resources and infrastructure from their end, small and medium businesses are trying to minimize their ICT expending. Organizations of all sizes are showing an increased interest in outsourcing their expensive in-house IT-related infrastructure to the third party managed services providers, to attain better efficiency from these resources as well as to use their costly IT personnel for more creative tasks, such as, forming new policies and to smoothen out their current processes. 

Managed services is playing a vital role in various industry verticals to cater to their IT needs more economically and enabling organizations to focus on their core businesses rather than IT infrastructure. Organizations in this report have been segmented into three categories, namely, small office home office, small and medium businesses and large enterprises, on the basis of their employee strength. Among the end-users, large enterprises will be the biggest market for managed services providers.

North America and Europe will have the highest adoption of managed services and regions, such as, Asia-Pacific (APAC), Middle East and Africa (MEA) along with Latin America offers a lot of opportunities for the vendors in this space. This opportunity is mainly due to increase in IT spending in these regions, and companies are opting for managed services to attain higher performance while economizing the costs involved.

There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, social, economic, and technological factors. For instance, exchange rates are some of the factors which are expected to have an impact on this market. Therefore, the dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.

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