DUBLIN, 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.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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 resources 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:
- Cisco Systems Inc.
- HP Co.
- IBM Corp.
- NTT Data Corp
- BT Global Services
- Level 3 Communications
- Lockheed Martin
- Vox Mobile
- Zayo Group
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information visit http://www.researchandmarkets.com/research/vv82bp/global
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SOURCE Research and Markets