Asia-Pacific Managed Services Market Will Top $10 Billion

Demand for managed services is rising worldwide. We’ve already blogged quite a bit about growth in the US, Europe and Australia. And now, a new report suggests that Asia Pacific organizations will spend more than $10.25 billion on hosted and managed services by 2010, up from $6.47 billion in 2007, according to Frost & Sullivan.

That’s a compound annual growth rate of about 16.6 percent. The research results, presented in US dollars, cover 13 Asia-Pacific countries but exclude Japan.

The most commonly contracted outsourced services are managed and hosted infrastructure/network (WAN, data centre, web hosting), managed/hosted applications (software applications), managed/hosted communications, and managed/hosted security, the report states.