London, 24 February 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Managed Services Market in Saudi Arabia 2015-2019, which is expected to grow at a CAGR of 22.60 percent from 2014-2019.
The role of third-party providers in managing business data services has increased, in recent years. Managed Service Providers (MSPs) provide on-premises models to offer clear visibility, flexibility and more control of IT infrastructure.
“Most companies in Saudi Arabia are adopting managed services to maintain a competitive advantage in the market,” says Faisal Ghaus, Vice President of TechNavio.
“Enterprises are embracing cloud solutions to expand their business and this is expected to drive the growth of the Managed Services Market in Saudi Arabia during the forecast period.”
Key Market Drivers
- Need to Achieve Operational Excellence
- Increased Need for Cyber-security
- Increased Adoption of Smart Grid Technology
Key Market Trends
- Growing Role of Cloud and Virtualization Solutions
- Emergence of BYOD
- Increased Demand from Various Organizations
- Increased Demand for Mobile Technologies
Key Market Vendors
- Cisco Systems Inc.
- IBM Corp.
- Jeraisy Computer & Communication Services Co. (JCCS)
- Juniper Networks
- Mobily
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
