Global spending on telecom managed services is expected to grow at an annual compounded rate of almost 12 percent over the next five years, said Insight Research.

Business spending on all telecommunications services is expected to grow in low single-digit percentages over the next five years, the report added.

In this period of sputtering 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.

U.S. revenues associated with the managed services market will increase from nearly $36 billion in 2014 to $53 billion in 2018.

Managing Mobility services for US business is expected to grow at a rate in excess of 17 percent over the next five years.

“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,” said Robert Rosenberg, President of Insight Research.

Baburajan K
[email protected]