The global cloud-based managed service market is expected to grow at a CAGR of 19.7% during the period 2016-2020.
Enterprises tend to choose managed services over traditional services due to their added advantages. Managed services offer benefits such as risk sharing and reduced IT cost for organizations. Outsourcing these solutions allows enterprises to concentrate more on their core competencies, which enables enterprises to generate more revenue and increase operational efficiencies. Also, outsourcing helps reduce CAPEX for enterprises and frees up their internal resources for core business functions.
According to the report, an organization's core functions are that they provide value to the company and its customers. Non-core functions include secondary functions that can be outsourced by organizations. Both core and non-core functions help an organization gain a competitive advantage. One of the major strategies organizations implement to gain a competitive advantage is the outsourcing of non-core businesses. This helps them reduce their operational costs and gain high productivity. Outsourcing non-core functions to managed service providers allows companies to focus more on their core competencies.
Further, the report states that the lack of knowledge to integrate equipment and software solutions efficiently and manage the network dynamics in data centers poses a challenge for enterprises.
- Cisco Systems Inc.
- HP Co.
- IBM Corp.
NTT Data Corp.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/gjvn56/global