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Increased Adoption of Private Cloud Solutions Will Help the Managed Services Market in GCC Countries Expand by 2018: TechNavioLONDON --(Business Wire)-- The Managed Services Market in the GCC is expected to grow at a CAGR of 20.01 percent from 2014-2018, says research firm TechNavio. Newly adopted technologies warrant increased security measures to ensure safety and privacy of company data. This is one major factor that is driving overall market growth in this segment. About the Report The new report from TechNavio highlights increasing adoption of private cloud solutions. Cloud computing allows enterprises to access technologies like infrastructure, platforms and software that need proper IT support. Cost reduction, operational efficiencies and business flexibility are the other basic reasons behind an increased demand for private cloud services. "Private cloud solutions enable better security and control over critical data and business operations," says Faisal Ghaus, Vice President of TechNavio. "Currently, a majority of organizations are benefiting from using the hosted private cloud. Client firms can develop an economical cost structure as they do not have to invest in extra office space, equipment, specialist training or in-house staff training that would be required while deploying an on-premises model. Cloud and virtualization solutions also play a major role in handling managed services, hich will ultimately lead to growth in this market over the projected period." Key Information Covered in the Report:
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on GCC countries: If you are interested in more information, please contact our media team at [email protected].
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