|By Business Wire||
|February 3, 2014 01:31 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/7lb7m5/valueadded) has announced the addition of the "Value-added Managed Services Market in APEJ 2012-2016" report to their offering.
The analysts forecast the Value-added Managed Services market in the APEJ region to grow at a CAGR of 14.1 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need to reduce operational cost and time. This market has also been witnessing an increasing demand for cloud-based services. However, the lack of transparency of service level agreements could pose a challenge to the growth of this market.
The key vendors dominating this space include Cisco Systems Inc., Hewlett-Packard Co., IBM Corp., and Juniper Networks Inc.
The other vendors mentioned in this report are Alcatel-Lucent, AT&T Corp., Avaya, BT Group plc, Computer Sciences Corp., Dimension Data Inc., Fujitsu Corp., Lucent Technologies Inc., National Communication System, NTT Communications Corp., Singapore Telecommunication Ltd., Telstra Corporation Ltd., and Verizon Communications Inc.
Commenting on the report, an analyst from the team said: The cloud-based managed service model is taking off at a tremendous pace now and is expected to be a key trend in this market in the next few years. There appears to be a decent market for managed cloud services at the small and mid-market level. Given the advantages of cloud services, many end-users prefer cloud-based solutions. Further, with advantages such as reduced cost and ease of installation and operation, SMBs find cloud services more useful compared to other traditional service offerings. Thus, seeing the increasing demand and popularity of cloud-based offerings, many vendors in the Value-added Managed Services market in APEJ are offering cloud-based services.
According to the report, one of the main growth drivers is the need to reduce operation cost and time. There has been a significant transformation and development in the way firms have approached IT services in the past decade. Currently, the market is witnessing increasing demand for managed services. With the growing number of vendors of managed services with 24/7 availability and high-quality services, organizations are increasingly seeking such services to reach out to the local talent and maintain an economical cost structure in their organizations.
For more information visit http://www.researchandmarkets.com/research/7lb7m5/valueadded
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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