Insight Research Corp. says $140B will be spent on managed telecom services in 2012

MOUNTAIN LAKES, N.J. /CitizenWire/ — During business spending on all telecommunications services is expected to grow in single-digit percentages over the then 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 Innovation.

The market innovation report notes that 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. The study predicts that earnings associated with the managed services market will near double from almost $140 billion in 2012 to $266 billion in 2016.

Insight's newly-released market analysis report, "Managed Services in an IP World: Global Opportunities for Wireless and Wired Networks 2011-2016" includes full segment details for North America, Europe, Middle East and Africa, Asia and Pacific Rim, and Latin America.

The study differentiates

The study differentiates and forecasts five managed service segments: managed data center services, managed infrastructure, managed LAN services, managed WAN services, and managed mobility services. To boot to the revenue forecasts for these market segments, forecasts are provided for various market subdivisions, including managed IP VPNs, security services, VoIP (Voice over Internet Protocol), LAN extensions, WLAN extensions, managed cellular services, hosting and cloud services.

"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," says Fran Caulfield, Technology Director for Insight Technology.

Copyright © 2011 CitizenWire™; and Neotrope®. CitizenWire is a publication of the Neotrope News Network.