Telecom Managed Services Spending to Grow 12% CAGR
Published on September 17, 2014
Insight Research shares projections indicating significant growth in global spending on telecom-managed services. These projections foresee a notable annual compounded growth rate of almost 12 percent over the next five years, even as general business spending on telecommunications services is expected to exhibit more modest increases.
In the current economic climate, characterized by uncertainties and reduced investments in fundamental telecommunications and IT services, many businesses are recognizing the advantages of utilizing managed services as a cost-efficient alternative to expanding their internal staffing.
One segment that stands out is Managing Mobility services for U.S. businesses, which is expected to experience growth exceeding 17% over the next five years.
As stated by Robert Rosenberg, President of Insight Research, “This is comparable to the growth in spending we expect to see in Asia-Pacific and in Europe. Other segments, including Infrastructure and Data Center management, will be not nearly as robust.”
This insightful projection underscores the ongoing relevance and necessity of telecom-managed services in today's dynamic business landscape.
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Insight Research Corporation