Research and Markets - Global Cloud-based Managed Services Market Growth of 19.7% CAGR by 2020 - Analysis, Technologies & Forecasts Report 2016-2020 - Key Vendors: Cisco Systems, HP, IBM

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Jun 28, 2016, 05:10 ET

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.

Questions Answered:

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
Civica
Aricent
Atos
BT Global Services
CenturyLink
HOSTING
Huawei
Intermec
Level 3 Communications
Lockheed Martin
Microsoft
Telehouse
Unisys
Verizon
Vox Mobile
WidePoint
Wipro
Zayo Group

Report Structure:

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