Managed IT services are essential to modern business operations as the IT space witnesses rapid growth with the rise in digital transformation. Through these services, businesses can increase operational effectiveness while sustaining competitive advantage. Managed service providers (MSPs) are sought after for their up-to-date technological insights. Due to limited internal resources, partnering with reputable MSPs is essential for effective operations and market adaptation. Businesses can outsource their IT requirements and concentrate on their core competencies with managed IT services.
The global managed services market, valued at $267.3 billion in 2022, is projected to surge at a 13.6 percent CAGR from 2023 to 2030. This growth is propelled by optimizing operational efficiency, reducing costs, and harnessing cloud-based technologies like automation, IoT, blockchain, and cloud computing. As cyber threats escalate, managed security services (MSSs) find their place in organizational frameworks, combating cyber risks in government sectors and enterprises. Emerging within managed IT services are novel trends such as data analytics and data engineering. Companies actively seek ways to collect, store, and dissect the mounting volumes of data generated, aiming to derive insights and optimize operations. Managed data analytics and data engineering services equip businesses with the necessary tools and expertise to achieve these objectives.
This edition of CIOReview highlights the key developments in Managed IT Services and how firms leverage the latest technology solutions to offer top-notch services. It features thought leadership articles from Ary Junior, Head of Information Technology, Grupo Patense, and Christopher Cox, Sr. IT Director, Huntsman International LLC.
Ary Junior talks about the need for effective team management in the backdrop of organizational IT management and different work environments. Integrating IT solutions successfully expands business returns. Christopher Cox sheds light on the growing need for organizations to oversee their IT infrastructure by hiring IT-managed service providers. Companies b ..
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