Enterprises to spend $140 billion on managed telecom services in 2012

Revenues associated with the managed telecom services
market will nearly double from $140 billion in 2012 to $266 billion in 2016.

Business spending on all telecom services is expected to
grow in single-digit percentages over the next six years.

Global spending on managed services is expected to grow
at an annual compounded rate of 14.7 percent over the period, according to the
latest market study from Insight Research.

In this period of slow economic growth and reduced
spending on basic telecommunications and IT services, many enterprises will
find that purchasing managed services is a cost-effective alternative to
increasing internal staffing.

“Stability has returned to the telecommunications
industry and with the continued shift to wireless and cloud-based services we
are forecasting strong revenue growth in the managed and outsourcing services
segments,” said Fran Caulfield, research director for Insight Research.

“As enterprises shift their applications to the
cloud and as more users access these applications via mobile devices, the level
of complexity involved in managing these moving targets increases. The local IT
manager can outsource the most difficult tasks to a service provider, and
probably get the job done faster and at a lower cost,” Caulfield added.

By Team
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