Global Managed Services Market 2018-2022
About Managed Services
Managed services refer to the management of the in-house operations of an organization by a third-party managed service provider. Managed services aid in enhancing operations and cutting down on organizational expenses. Managed services also help to control ongoing expenditure, along with the sharing of risks of the latest technologies with a third-party service provider.
Technavio’s analysts forecast the global managed services market to grow at a CAGR of 11.23% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global managed services market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Managed Services Market 2018-2022
Technavio recognizes the following companies as the key players in the global managed services market: Accenture, Cisco Systems, Dell Technologies, HCL Technologies, Hewlett Packard Enterprise, and IBM.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is advent of big data and analytics services. Firms are adopting analytics services to transform unstructured data gathered from various online channels into structured data to get meaningful insights.”
According to the report, one driver in the market is increased adoption of IoT solution. IoT connects hardware devices, embedded software, communication services, and managed services. With the rising awareness of IoT offering smart communication environments such as smart homes, smart transportation, smart healthcare, and smart shopping, the need for managed services for enabling IoT has increased considerably in the recent years.
Further, the report states that one challenge in the market is data privacy and security risk in cloud-based services. Data privacy and security barriers to the adoption of cloud-based managed services in organizations, especially in public cloud. Cloud security management is challenging task for vendors to protect online data.
Hewlett Packard Enterprise