Managed network and network outsourcing market set to boom
Managed network and network outsourcing market set to boom
The demand for managed networks and network outsourcing is set to soar over the next five years, an official report has predicted.
According to the new report - entitled Managed Network and Network Outsourcing Market: Global Advancements, Business Models, Technology Roadmaps, Forecasts & Analysis - from Markets and Markets, the sector will have reached $29.47 billion this year and will hit $58.39 billion by 2018, representing an estimated CAGR of 12 per cent between 2012 and 2018.
The report splits the managed networks market into separate areas, such as types of managed services, organisation size and sector. The analysis also looks at global developments in the market, fresh business models, technology predictions and other forecasts.
Industries analysed in detail include banking, financial services and insurance, telecommunications and IT, retail, public sector, transportation and logistics. A number of key market players have given input and been profiled in the publication, which features 96 market data tables, 49 figures and 229 pages of in-depth analysis.
A spokesperson for Markets and Markets said, “Organisations are looking for new technologies and a single point of contact for managing their complex network structure to stay ahead of their competitors. Managed network solutions and network outsourcing will help organisations to focus on their core businesses, rather than their networks.”
They added, “These solutions enable corporations and businesses to offload specific IT operations to the service provider, unlike in traditional outsourcing, where the entire control is transferred.”
One of the key benefits of managed network services is that allow businesses to run selected aspects of IT services in-house, retaining control and visibility.
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