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Managed Data Center Market Grow At CAGR 21.4% to 2018
The managed services market has gained importance in the recent past, majorly due to the success rates of cloud based services. Enterprises SMB are showing an increased interest in outsourcing their IT services to expert third party vendors, i.e. the MSP. While cost and services levels are still vital IT components, ensuring that the outsourced services are optimized to deliver the right business value is now a top criterion. Businesses are turning to managed services to increase their productivity and to lower their costs for their non-core IT solutions, which will allow them to focus more on their core strategic business initiatives. Organizations comprehend that they require more managed services to gain advanced technological improvements, bring innovative applications, and offer superior security features. This will enable them to keep up with the latest trends in IT and gain competitive advantage in the market. Managed services enable organizations lessen the time consumed by the in-house processes and decrease the administrative burden of several platforms, which were earlier interfering with the central part of these businesses processes.
Although service providers are taking advantage of this growing trend to offer newer and innovative services, trends indicate that safety compliance issues and application performance are the main service level agreement (SLA) issues or obstacles that services providers must address to ensure the smoother transition and higher adoption of these services.
In 2013, North America is expected to be the largest market for managed services, accounting for 35.08 percent of the overall managed services market by volume. The managed services market in North America and Europe is expected to together account for 63 percent of the global managed services market in 2013.
Other than the North American and European regions, Asia Pacific, Latin America and Middle East and African regions are expected to witness a substantial growth in the managed services market during the next five years.
As of 2013, managed data center services market is leading at 35% market share, closely followed by managed infrastructure at 33% market share.
MarketResearch.com provided this basic information from its latest research report. The "Managed Services Market [Managed Data Center; Managed Network; Managed Information; Managed Mobility; Managed Infrastructure; Managed Communications; Managed Security] - Global Advancements; Market Forecasts & Analysis (2013 - 2018)" report is now for sale.
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