Managed Services Market Overview:
Managed Services can be defined as proactive management of an information technology asset or object, by a third party typically known as a MSP, on behalf of the end-user. The operative distinction that sets apart a managed service program is the proactive delivery of their service, as compared to reactive IT services, which have been around for decades.
The global managed services market is driven by increasing need for advanced threat protection for the rise in cyber security attacks, cost-effective solution for the organization to outsource their security and others are few factors which are propelling the growth of Managed Services market to the large extent. On the other hand, the increased complexity in network infrastructure and the complexities in data management is the factors hindering the growth of Managed Services Market.
Major Key Players:
Intel Corporation (U.S.), IBM Corporation (U.S.), Symantec Corporation (U.S.), AT&T Inc. (U.S), Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.)., Computer Science Corporation (U.S.), Checkpoint Software Technologies Limited (U.S.), Trustwave Holdings, Inc. (U.S.), Accenture PLC (Republic of Ireland) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Managed Services market.
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Mar 1, 2017 – Fortinet, Inc., has launched its new program for managed security service that empower Managed Security Service Providers with the tools, expertise, training, and support to accelerate profitability, expand growth, and others.
February 28, 2017 – Saudi Telecom Company has signed three-year managed services agreement with Cisco system Inc. to transform STC’s core network and operations, and prepare it for the digital era.
20 March 2017 – Dimension Datahas launchedthe support and managed services for Cisco Meraki’s networking and security devices. These services includes wireless, switching, routing, and security technologies.
August 03, 2016 – CompuCom Systems, Inc. has announced their launched of Cloud-Based Managed Service and expanding its partnership with Intel Corporations.
Managed Services Market Competitive Analysis:
The market of managed services appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape.
Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on latest technology and, most of all, in acquiring other firms.
Managed Services Market Segmentation:
The managed services market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Data Centre, Infrastructure, Security, Networking, Mobility, Communication and others.
Segmentation by End Users: Comprises Small & Medium enterprises, Large Enterprises among others.
Segmentation by Deployment: Comprises On Premise & On Cloud.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Managed Services Market Regional Analysis
North-America is dominating the global Managed Services market with the largest market share is due to the rapid growth of the enterprises in this region and is expected to grow over its previous growth records by 2022. Managed Services market in Asia-Pacific market is expected to grow at a substantial CAGR during 2016 to 2022 due to the companies are investing huge amount of money to adopt new technologies for data management in these region. The European market for Managed Services market is expected to grow at a considerable CAGR (2016-2022).
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