London, 10 November 2014 –The Managed Services Market in the GCC is expected to grow at a CAGR of 20.01 percent from 2014-2018, says research firm TechNavio.
Newly adopted technologies warrant increased security measures to ensure safety and privacy of company data. This is one major factor that is driving the overall market growth.
About the Report
The new report from TechNavio highlights increasing adoption of private cloud solutions. Cloud computing allows enterprises to access technologies like infrastructure, platforms and software that need proper IT support. Cost reduction, operational efficiencies and business flexibility are the other basic reasons behind an increased demand for private cloud services.
“Private cloud solutions enable better security and control over critical data and business operations,” says Faisal Ghaus, Vice President of TechNavio.
“Currently, a majority of organizations are benefiting from using the hosted private cloud. Client firms can develop an economical cost structure as they do not have to invest in extra office space, equipment, specialist training or in-house staff training that would be required while deploying an on-premises model. Cloud and virtualization solutions also play a major role in handling managed services, which will ultimately lead to growth in this market over the projected period.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increased Need for Cyber-security
- For a full detailed list, view our report.
Market Challenges:
- Shortage of Talented IT Professionals
- For a full detailed list, view our report.
Market Trends:
- Increase in Adoption of Private Cloud Solutions
- For a full detailed list, view our report.
Key Vendors:
- Gulf Business Machines (GBM)
- International Business Machines Corp. (IBM)
- Injazat Data Systems
- Saudi Telecom Co. (STC)
Other Prominent Vendors:
- ACS
- Diyar United
- Ebtikkar
- eHDF
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
