DURANGO, Colo. /New York Netwire/ — While business spending on all telecom 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 Corporation.
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.
Published on NewYorkNetwire.com Wed, 24 Apr 2013 :: NEWS SOURCE: Insight Research Corporation :: This press release was issued on behalf of the "news source" (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®. Original syndication source of this news item: https://www.send2press.com/newswire/Businesses-Worldwide-Will-Spend-152-Billion-on-Managed-Telecommunications-Services-in-2013-says-Insight-Research-Corp_2013-04-0424-003.shtml.