Global Managed Services Market to Reach $256.05 Billion

We’ve written a number of articles that chart the growth of managed services. Markham and Toronto area businesses have seen the benefits of outsourcing IT and managed services, as has the rest of the world.

The managed services market is estimated to grow from $142.75 billion in 2013 to $256.05 billion in 2018.

“The recent trend in the industry shows that there is a high demand for managed services across every industry vertical. The implementation of Managed Services reduces the IT costs by 30 to 40 % in the enterprises,” said a press release from MarketandMarkets.

They added that, “Organizations implementing managed services have reported almost 50-60% increase in the operational efficiency of their outsourced processes. Enterprises have accepted outsourcing services as a means to enable them reduce their Capital Expenditure (CapEx) and free up internal sources.”

This is further evidence of a major shift in the way businesses look at their IT needs. Fewer companies are clinging to the traditional model of an in-house IT staff and seeing the benefits of a comprehensive and cost-cutting outsourced solution.

If you have any questions about managed services in Markham or Toronto, please don’t hesitate to contact us any time.

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