TechNavio's analysts forecast the Global Managed Services market in the Telecom industry to grow at a CAGR of 17.78 percent over the period 2012-2016. One of the key factors contributing to this market growth is the contribution of managed services to a reduction in service providers' overall expenses. The Global Managed Services market in the Telecom industry has also been witnessing the increasing adoption of cloud-based services. However, the issues concerning the quality of network services could pose a challenge to the growth of this market
Commenting on the report, an analyst from TechNavio's Telecom team said: ''The increasing adoption of cloud-based managed services is one of the emerging trends in the Global Managed Services market in the Telecom industry. Recognizing the growing popularity of the cloud, vendors in the market are currently offering managed services for cloud-based environments. Managed services help mitigate the operational risk of moving services to the cloud. The cloud also meets the requirements of enterprises with respect to security, control, and ease of integration. Hence, with cloud-based managed services gaining prominence in the market, adoption of these services by enterprises should increase significantly. Another reason for the anticipated increase in their adoption is the fact that cloud-based services can help enterprises reduce their overall cost and help them manage their resources better.''
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are Alcatel-Lucent SA, Ericsson Inc., Huawei Technologies Co. Ltd., and Nokia Siemens Networks B.V. The other vendors mentioned in the report are Cisco Systems Inc., Hewlett-Packard Co., IBM Corp., Motorola Inc., and ZTE Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.technavio.com/
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Telecom market research, please visit http://www.technavio.com/