State of the Managed Services Market
To keep their Oracle and SAP environments operating at peak performance, IT leaders are seeking better and more cost-effective external services and resources. Security, interoperability, scalability, and readiness to migrate are all top of mind.
According to TSIA, a leading authority in the technology services space, managed services has become the second fastest growing market in the technology services space, spearheaded by managed services for XaaS – which now accounts for 35% of all managed service revenues.
Increasingly, enterprises are looking for around-the-clock performance monitoring, improved IT function and technology management, and optimization of interoperable systems, all while building a bridge between their legacy and future technologies. More progressive enterprises are using managed service and consulting providers to relocate (lift-and-shift) legacy applications to public clouds and then manage them in the cloud.