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Research and Markets - Global Cloud-based Managed Services Market Growth of 19.7% CAGR by 2020 - Analysis, Technologies & Forecasts Report 2016-2020 - Key Vendors: Cisco Systems, HP, IBMDUBLIN, June 28, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Cloud-based Managed Services 2016-2020" report to their offering. The global cloud-based managed service market is forecast to grow at a CAGR of 19.7% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: 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 resoures 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. Companies Mentioned Include:
Report Structure: Media Contact: Research and Markets |