DURANGO, Colo., April 24, 2013 (SEND2PRESS NEWSWIRE) -- While business spending on all telecommunications services is expected to grow in low single-digit percentages over the next five years, global spending on managed services is expected to grow at an annual compounded rate of 11.3 percent, according to the latest market study from Insight Research.
The market research report notes that in this period of slow economic growth and reduced spending on basic telecommunications and IT services, many enterprises will find that purchasing managed services is a cost-effective alternative to increasing internal staffing. The study also predicts that US revenues associated with the managed services market will increase from $34 billion in 2013 to $51 billion in 2017.
Insight's newly-released market analysis report, "Managed Services in an IP World: Global Opportunities for Wireless and Wired Networks, 2013-2017" includes full segment details for the US, North America, Europe, Middle East and Africa, Asia and Pacific Rim, and Latin America. The study differentiates and forecasts five managed service segments: managed data center services, managed infrastructure, managed LAN services, managed WAN services, and managed mobility services. In addition to the revenue forecasts for these market segments, forecasts are provided for various market subdivisions, including managed IP VPNs, security services, VoIP, LAN extensions, Wireless LANs, managed mobility services, hosting and cloud services.
"A large percentage of business activity now depends on the Internet for everything from electronic commerce to intranet applications to customer service. These data applications are driving exponential traffic growth onto corporate networks, while increasing their complexity. Managed Services allow corporations to handle this growth, while outsourcing the most complicated elements to the skilled service provider," says Fran Caulfield, Research Director for Insight Research. "Service providers also win, as they grow beyond basic transport services, increase margins, and reduce churn," Caulfield concluded.
An excerpt of this market research report, table of contents, and ordering information are online at http://www.insight-corp.com/reports/manserv13.asp . The 173-page report is available immediately in electronic format (PDF) and can be ordered online.
Visit our website at www.insight-corp.com or call 973/541-9600 for details.
For more information regarding this press release, please visit:
Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
3105 times (2 today, 17 this week, 72 this month, 750 this year)