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December 09, 2013

Market for Managed Services in Europe, the Middle East and Africa Projected to Hit $5.5B by 2018

Success in today’s competitive marketplace depends heavily on the health and efficiency of an organization’s network. In order for a company to thrive, it has to be able to conduct business securely over the Internet. It also has to be able to transfer and harbor sensitive information without the threat of third-party invasion or a network crash.

To make matters worse for IT managers, the already exorbitant cost of network downtime is increasing. In fact, recent research from the Ponemon Institute shows that since 2010 the average cost of network downtime has risen by 41 percent to $7,900—per minute.

As a result, managed services are becoming widely accepted amongst IT departments in organizations throughout the world. In fact, in Africa, the Middle East and Europe the market is expected to hit $5.5 billion by 2018. Here are two other factors currently contributing to the widespread adoption of the managed services market:  

A lack of in-house expertise

Most IT teams lack the size and expertise of a professional managed services company. Therefore, many companies are now choosing to bolster IT divisions with the fortification of industry experts and optimized, up to date network infrastructure.

The growing complexity of cyber threats

Each day, hundreds of new strains of malware are created and distributed throughout the Internet. With the emergence of the terrifying Malware-as-a-Service (MaaS) market, it is becoming much easier for everyday Internet users to unleash a cyber attack, which can bring down an entire network.

For more information about how you can fortify the strength of your network and maximize uptime in your enterprise with a reliable managed services solution, please click here

Edited by Justin Reynolds

Apex Technology Services
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