Current Trends of the Managed IT Services Market

CURRENT TRENDS OF THE MANAGED IT
SERVICES MARKET

According to reports the managed IT services market is
expected to reach USD 245 billion by the end of 2022 globally
with 11 percent CAGR for the forecast period 2016 to 2022.
Also, this report is evidence that the world is witnessing an
exemplary shift that the latest trends and technologies are
bringing to the businesses. The pressure from regulatory and
various other crucial market forces have made it mandatory for
the businesses to increase their focus on operational
productivity and effectiveness. However, this affects the
revenue, cost and capital of the businesses to a great extent;
hence, they are seeking help from Managed IT Services
Company for addressing these obstacles so that they can focus
their time more efficiently on other strategic business
management tasks. What does a Managed IT Services Company
do?
A managed IT services company takes responsibility of an
organization’s IT services and infrastructure by providing
customized managed IT services so that the organization can
focus on its core proficiencies. Therefore, by hiring managed IT
services an organization’s productivity and operational
efficiency increase immensely.

Trends of Managed IT Services
However, the market is not constant and is evolving and bringing new trends and
opportunities. Hence, businesses and managed IT services companies need to stay up to
date with the market trends to achieve better results. So, let us look at the managed IT
services trends for 2019 below:
Improved Security –
Last year an increase in the number of cyber-attacks had forced companies to take
cybersecurity as the priority. Therefore, managed service providers need to put more
effort into securing the service infrastructure of their clients. Having a high-security
solution is not the only thing required but defending and recovering from the cyberattacks
must be taken into account.
Cloud, automation and outsourcing –
These are the three key trends of the managed IT support services. Talking about the
cloud, huge growth is seen for multiple-cloud environments. Similarly, the increasing
amount of automation in IT sectors is substantially decreasing the workloads as most of
the operations become automated. And an increase in outsourcing activities let the
managed IT services company to reduce their dependence on traditional service level
agreements and focus more on customer and employee satisfaction.

Telecom Service Providers in Managed Services Market –
Telecom Service Providers also knew as tel cos make use of their current scale and IT
knowledge for shifting beyond data services and voice for selling managed offerings.
With the introduction of tel cos in the market, the managed IT services get pressurized to
try innovative things for increasing revenue the year ahead.
Introduction of the Internet of Things (IoT) –
Internet of Things (IoT) can create more significant opportunities for managed IT
services. According to a report, the IoT devices are expected to grow to 10 billion by
2020 and 22 billion by 2025. Therefore, to sustain in the race, the managed IT services
Companies need to understand the use of this technology. Along with IoT there are
numerous other technologies including Artificial Intelligence (AI) and Augmented
Reality (AR) that are valuable for the managed service market today and for the future as
well.

Conclusion:
Network Repairs is a trusted managed IT services company in Toronto that provides
customized managed IT services to enhance your business’s productivity and efficiency.
If you are in search of a reliable and up to date managed IT services in Brampton and
Mississauga, then you can trust Network Repairs for reliable services at an affordable
budget. To know more about Network Repairs’ managed IT services in Brampton,
Mississauga and Toronto, visit https://www.networkrepairs.ca/managed-it-services/

Contact US
Network Repairs
4 – 30 Intermodal Drive
Brampton, Ontario L6T 5K1
Country:- Canada
Email:- rati@networkrepairs.ca
Contact No:- 905.488.5400
Website:- www.networkrepairs.ca
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