Research and Markets: Global Managed IT Service Market 2011-2015: The Global Managed IT Service Market to Grow At A CAGR Of 19.64 Percent over the Period 2011-2015

DUBLIN--(BUSINESS WIRE)-- Research and Markets ( has announced the addition of the "Global Managed IT Service Market 2011-2015" report to their offering.

One of the key factors contributing to this market growth is the significant cost reduction. The Global Managed IT Service market has also been witnessing an increasing adoption of cloud services. Moreover, maintaining high growth levels could pose a challenge to the growth of this market.

Key vendors dominating this market space include Canon Inc., HP Co., Ricoh Co. Ltd., and Xerox Corp.

Other vendors mentioned in the report: Lexmark International Inc., Pitney Bowes Inc., Toshiba Corp., Konica Minolta Holdings Inc., American Reprographics Co. and Kyocera Document Solution Inc., IBM Corp., Symantec Corp., BT Group plc, Verizon Business, Fujitsu Ltd., AT&T Inc., Computer Sciences Corp., Lockheed Martin Corp., Northrop Grumman Corp., T-Systems Ltd., Dell SecureWorks Inc., Bell Canada Inc., Wipro Ltd., CGI Group Inc., Getronics, CentraComm Communications Ltd., Integralis Inc., Logica plc, Solutionary Inc., Trustwave Holdings Inc., FishNet Consulting Inc. ,Tata Communications Ltd., and VeriSign Inc.

According to the report, many small and medium-sized enterprises (SMEs) are opting for cost-effective bundled services such as Managed Print Services (MPS), Managed Security Services (MSS) and Managed and Hosted Contact Center Services (MHCCS) to survive through the difficult financial conditions. A recent development of Solid Ink Technology which utilizes solid ink sticks instead of fluid ink or toner powder has interested SMEs. Additionally, in the last decade, the energy consumption of solid ink printers has reduced massively. In addition to the judicious use of energy and resources, and the reduced total cost of ownership, carbon footprints have been vastly reduced by usage of this technology. Hence, SMEs see it as practical to invest in such technologies and they are expected to witness increasing adoption in the coming years.

Further, the report discusses that security concerns are among the major challenges for the MPS and MHCCS markets.

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Source: Research and Markets