Increased demand for end-to-end application hosting services will increase the managed application services market during the forecast period.
PORTLAND, PORTLAND OR, UNITED STATES, December 17, 2021 /EINPresswire.com/ – Massive data loss due to security breaches and cyber attacks harms organizations. Consequently, many organizations have started to implement managed service solutions to address security concerns, thereby increasing the demand for managed service solutions in the marketplace. In addition, companies can focus more effectively on key competencies using managed services as they not only improve their operational performance but also reduce operating costs.
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It helps companies improve profitability and operational efficiency by ensuring the proper use and distribution of resources. In addition, the company can easily respond to advanced technology with flexible managed services and scalable infrastructure. However, managed service providers do not include all IT services in a single service solution. There are different managed services for different IT functions. If a company has to outsource more than one IT service, this can increase the cost of the outsourcing.
Additionally, managed services cannot understand a company or business needs in depth because a single managed service provider serves many different companies simultaneously. Therefore, it reduces the synergy between IT and business. The increase in outsourcing costs and the reduction of synergy between companies are factors that inhibit the development of the managed application services market.
However, the development of advanced technologies such as cloud computing, automation, IoT, blockchain, creates new opportunities for managed service providers to gain a competitive advantage in the managed services market. Managing a multicloud environment and deploying customized automation across the enterprise can become a challenge. Therefore, as these technologies develop, many organizations will start using Managed Service Providers to help them implement and maintain these technologies.
• The emergence of COVID-19 has had a major impact on human health as well as the global economy. Blockages and restrictions have resulted in many industries shutting down their operational and production processes, thus disrupting their supply chain.
• In addition, many organizations are changing their traditional working methods to work from home and remote work solutions to continue their business activities.
• However, with this drastic change in the work environment, employees will need to access various work applications on company-owned or owned devices. Accordingly, during the COVID-19 pandemic, organizations began to rely more on managed services.
• Because of this, the demand for IT consulting and managed service providers is increasing, fueling the growth of the managed services market during the COVID-19 pandemic.
The main companies included in this report are IBM Corporation, Cisco, Fujitsu, Accenture, Atos SE, DXC Technology Company, AT&T Intellectual Property, Telefonaktiebolaget LM Ericsson, Cognizant, HCL, Tata Consultancy Services Limited, Infosys Limited, Dimension Data, NTT Data Corporation, GTT Communications, Inc., Happiest Minds, Rackspace Technology, Huawei Technologies Co., Ltd, Nokia and CenturyLink
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2. Managed Mobile Services Market
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