Managed networks market set to grow

Managed networks market set to grow

The global market for managed networks and network outsourcing is expected to be valued at $58.39 billion by 2018, up from the current value of $29.47 billion, according to figures from MarketsandMarkets.

The report claims that these services are growing in popularity as businesses search for ways to simplify their complex network structures to help them stay ahead of the competition. As well as reliable, fast and secure networks, they want a single point of contact from a service provider that can offer a range of managed network services, from LAN/WLAN networks, Managed IP telephony, Ethernet links, implementation and support.

Outsourcing network management can help organisations to focus on their core offerings and remove the pressures and time-consuming demands of looking after their IT operations. Many businesses now prefer managed service businesses as they can retain an element of control in-house, while offloading some of the more mundane and demanding network management tasks.

A number of different industries and sectors, including financial services and retail, are moving increasingly towards managed services for their IT networks and the latest MarketsandMarkets report takes a look at a number of these in detail.

The report, entitled 'Managed Network and Network Outsourcing Market: Global Advancements, Business Models, Technology Roadmaps, Forecasts & Analysis (2012 - 2018) is available to purchase here.

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