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Partnerships, Collaborations, Agreements, and Mergers & Acquisitions to Achieve Growth in the Global Managed Services Market
The managed services market is gaining traction owing to the persistent rise in the complexity of technological solutions, steep increase in the adoption of big data solutions, and reduced cost of operations. MarketsandMarkets forecasts the managed services market size to grow from USD 145.33 Billion in 2016 to USD 242.45 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.8% from 2016 to 2021. The managed services market vendors are increasingly introducing impressive offerings leading to better technical competence.
There are several established players in this market such as IBM Corporation (New York, U.S.), Cisco Systems, Inc. (California, U.S.), Huawei Technologies Co. Ltd. (Guangdon, China), Ericsson (Stockholm, Sweden), Accenture Plc (Dublin, Ireland), Fujitsu Ltd. (Tokyo, Japan), Nokia Networks (Espoo, Finland), Computer Science Corp. (Virginia, U.S.), AT&T, Inc. (Texas, U.S.), and Tata Consultancy Services (Maharashtra, India). These leading players have adopted various strategies such as partnerships, collaborations, agreements, and mergers & acquisitions to achieve growth in the global managed services market.
IBM Corporation is one of the leading players in the managed services market. The company adopted both organic as well as inorganic strategies to enhance its presence in this market. It announced various new acquisitions to expand its product portfolio and business reach. In June 2016, it acquired EZ Legacy Ltd. (EZ Source) to understand and visualize software to more easily modify mainframe applications. The company also acquired Bluewolf to link it with IBM interactive Experience (IBM iX) and utilize Bluewolf’s expertise in cloud computing and implementation services. In July 2015, IBM Corporation partnered with the company called Infobox NV to set up the foundation for delivering reliable, scalable, and secure core network services. Also, it collaborated with Reliance Communications to drive cloud adoption in India and help provide IBM’s customers with a complete portfolio of highly secure and scalable Infrastructure as a Service (IaaS) offerings running on IBM Cloud.
Cisco Systems, Inc. is another major provider in the managed services market. The company has adopted acquisition and new product launch among its growth strategies to tap into the managed services market. In August 2016, Cisco Systems, Inc. acquired ContainerX, a start-up developer of software for managing data center infrastructure, with a view to help build and manage cloud computing resources. Cisco also acquired CloudLock Inc. to enhance its security portfolio and build on Cisco’s Security Everywhere strategy. Additionally, Cisco launched the new Network Functions Virtualization Infrastructure (NFVI) solution recently, which combines virtual and physical environment and provides necessary compute, storage and networking infrastructure to run NFV services.
Managed Services Market by Managed Data Center (Hosting, Colocation), Managed Infrastructure (Print Services, Desktop), Managed Networking (Remote Monitoring, MPLS, & VPN), Managed Information, Mobility, Communications, & Security - Global Forecast to 2021
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