Managed services are the outsourcing services which provide customer benefits such as business focus on core competencies, reduce expenses, and improvement of operational efficacy. Managed services are the alternative services for on-demand outsourcing model. These services provide various solutions to the customers including Managed Security, Managed Information, Managed Communication, Managed Backup & Recovery, Managed Infrastructure, Managed Mobility, Managed Network, and Managed Data Centers.
Managed services are the practice of outsourcing on a proactive basis certain processes and functions intended to improve operations and cut expenses. It is an alternative to the break/fix or on-demand outsourcing model where the service provider performs on-demand services and bills the customer only for the work done.
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Increase in technological advancements and adoption of cloud based platforms which is expected to boost the Europe managed services market growth. Also, increase in shift to hybrid IT will have the positive impact on market growth. The IoT solutions are connect to embedded software, hardware devices, managed services, and communication services and provide smart communication environment like smart transportation, smart homes, and smart healthcare. Also, increase in adoption of new technologies such as big data analytics, cloud computing, and mobility services will drive the market growth.
Growing integration and regularity issues and reliability concerns of new technology which are challenging factors expected to obstruct the market growth. Furthermore, increase in pressure from statutory regulations across the world expected to hinder the market growth. Also, lack of sales and marketing staff, training, and cyber security will hamper the market growth.
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Europe Managed Services Market is segmented into type such as Managed Data Center, Managed Security, Managed Communication, Managed Network, Managed Infrastructure, and Managed Mobility, by deployment such as Hosted or Cloud Based, and On-Premise, by organization size such as Small and Medium Size Enterprises, and Large Enterprises. Further, market is segmented into vertical such as BFSI, Healthcare, Manufacturing, Retail, Telecom & IT, and Others.
Also, Europe Managed Services Market is segmented into various countries such as Germany, UK, France, Turkey, Switzerland, Norway, Sweden, Spain, Italy, Denmark, Finland, Iceland, Poland, Luxembourg, Netherlands, and Belgium.
Market Key Players
Various key players are discussed in this report such as;
- Fujitsu Ltd
- Cisco Systems Inc.
- IBM Corporation
- AT&T Inc.
- HP Development Company LP
- Microsoft Corporation
- Verizon Communications Inc.
- Dell Technologies Inc.
- Deutsche Telekom AG
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