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Strong Growth in Managed Services Market Predicted

By Josh Long
December 08, 2011 - News

Faced with meager economic growth, many enterprises will rely on managed services as an alternative to increasing their internal staff levels.

That's according to the latest market study from Insight Research, which forecasts that global spending on managed services will grow at an annual compounded rate of 14.7 percent over the next six years.

Revenues related to the managed-services market will practically double from nearly $140 billion in 2012 to $266 billion in 2016, according to the New Jersey-based market research and strategy analysis firm, which has released a report, "Managed Services in an IP World: Global Opportunities for Wireless and Wired Networks 2011-2016."

"Stability has returned to the telecommunications industry and with the continued shift to wireless and cloud-based services we are forecasting strong revenue growth in the managed and outsourcing services segments," said Fran Caulfield, research director for Insight Research, in a statement. "As enterprises shift their applications to the cloud and as more users access these applications via mobile devices, the level of complexity involved in managing these moving targets increases."

Added Caulfield: "Buying a suit of Managed Services can get the enterprise around the complexity-the local IT manager can outsource the most difficult tasks to a service provider, and probably get the job done faster and at a lower cost."

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