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Managed Services Market worth USD 511.03 billion by 2029- Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Nov. 7, 2024 /PRNewswire/ — The global Managed Services Market will grow from USD 365.33 billion in 2024 to USD 511.03 billion by 2029 at a compounded annual growth rate (CAGR) of 6.9% during the forecast period, according to a new report by MarketsandMarkets™. The Managed Services Market is growing as businesses look for ways to optimize operations by outsourcing crucial IT functions, such as security, network management, and infrastructure maintenance. Managed services providers bring deep expertise in areas like cloud technology, data management, and IT support, allowing organizations to give priority to their core operation while lowering operational risks and expenses. These services are essential for offering flexibility through scalable cloud solutions, improving system performance with smart analytics, automation tools, and smooth integration, and enhancing real-time data processing with high-capacity computing power to keep up with the fast-paced digital environment.

Browse in-depth TOC on “Managed Services Market”

376– Tables
60 – Figures
413 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2019–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD Billion)

Segments Covered

Service Type, Managed Security Services, Managed Network Services, Managed IT Infrastructure & Data Center Services, Managed Communication & Collaboration Services, Managed Mobility Services, Managed Information Services, Deployment Type, Organization Size, Verticals

Geographies Covered

North America, Europe, Asia Pacific, Middle East Africa, and Latin America

Companies Covered

Some of the significant players in the Managed Services Market vendors are IBM (US), Accenture (Ireland), Microsoft (US), Cisco (US), Fujitsu (Japan), TCS (India), Google (US), DXC Technology (US), Infosys (India), and Capgemini (France)

The managed VOIP segment is expected to capture the highest CAGR during the forecast period by managed communication & collaboration service.

Managed Voice over Internet Protocol (VoIP) services are important for modern communication, equipping organizations with a dependable, cost-effective means to conduct voice communications over the internet. VoIP, uses the internet for voice transmission, which substantially reduces traditional phone service expenses, making it a more economical alternative for businesses of all kinds. Moreover, VoIP increases communication flexibility by allowing organizations to expand their phone solutions on demand and interface with other collaboration technologies such as video conferencing, messaging applications, and virtual conference rooms.

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Managed VoIP services simplify call routing by offering useful insights on call volumes, peak times, and geographical patterns. Businesses utilize this data to adjust call management strategies, assuring more effective routing and avoiding unnecessary expenditures such as long-distance rates. This strategy not only saves money, but it also enhances the whole communication experience. Also, features like call forwarding, voicemail-to-email, call recording, and virtual phone numbers promote productivity and keep teams connected particularly in remote or hybrid work conditions. These services make it simple to work together across sites, ensuring that information flows smoothly regardless of where employees are located.

Based on the managed network services, the managed WAN segment is expected to hold the largest market share during the forecast period.

Managed wide area network (WAN) services are important to organizations which require a stable, secure infrastructure to link several locations. A wide-area network (WAN) connects numerous LANs to allow communication between sites such as branch offices and data centers. Managed WAN services deliver optimal data transfer by constantly altering routes depending on real-time network conditions, resulting in lower latency and rapid data transmission.

These services include developing and setting up WAN infrastructure depending on location, bandwidth needs, and connection types such as MPLS, Internet VPN, or SD-WAN. Traffic optimization techniques like as Quality of Service (QoS) and application-based routing prioritize vital data by assigning varying levels of priority, ensuring that high-priority applications, such as VoIP or video conferencing, obtain adequate bandwidth with minimal delay. This enables organizations to make better use of available bandwidth, decreasing congestion and increasing overall network efficiency. In addition, managed WAN services monitor network performance, resolving any faults and managing resources to ensure seamless operation. Encryption and firewalls are security methods that protect data privacy during transmission.

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North America is projected to hold the largest market share during the forecast period.

The Managed Services Market in North America is on the growth trajectory due to several factors such as cloud computing adoption, need for digital transformation and the need for enterprises to improve IT infrastructure. Enterprises are outsourcing IT management services such as network management, data protection and maintenance of the infrastructure enabling them to focus on core business activities. Increased need for cyber security solutions, complexities of IT systems and the transition to hybrid modes of working are other important factors. Managed services are also being utilized by small and large players across the healthcare, manufacturing, financial services, and retail industries for controlling expenses and increasing effectiveness while achieving compliance standards. Besides, the incorporation of artificial intelligence (AI) in managed services that is in addition to automation is also aiding the market in the active management of information technologies thus another factor that drives market expansion.

Recently there have been various developments in the market including Accenture’s acquisition of Navisite, finalized on January 30, 2024, which adds around 1,500 employees to enhance its managed services capabilities. In January 2024, Frontier Communications became the first service provider in North America to implement Nile’s network-as-a-service (NaaS) model, enabling customers to manage the network aspects without incurring large capital expenses beforehand. Additionally, in March 2024, SmartSource was included in CRN’s MSP 500 list as an organization with unique and robust solutions for the market, while in May 2024, NTT DATA was chosen by Salesforce to optimize its software applications provision. In addition, BlueVoyant announced the partnership with or signed an exclusive agreement to work with EY US aimed at promoting availability of Microsoft 365 E5 advanced security solutions to end-users affirms their commitment to innovative security technology. The above trends are indicative of a strong growth for managed services, reflective of the prevailing digitalization trends across sectors in the region.

Top Key Companies in Managed Services Market:

Some of the significant managed services vendors include IBM (US), Accenture (Ireland), Microsoft (US), Cisco (US), Fujitsu (Japan), TCS (India), Google (US), DXC Technology (US), Infosys (India), and Capgemini (France).

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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GoSchool: Redefining Inclusive Education for Special Learning Needs

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MUMBAI, India, Nov. 8, 2024 /PRNewswire/ — GoSchool, a progressive international online school, is breaking new ground to ensure that every child, irrespective of their learning needs, has access to high-quality education. Serving students with ADHD, high-functioning autism, dyslexia, and physical disabilities, GoSchool’s inclusive approach fosters a nurturing, personalized, and adaptable learning environment.

In today’s fast-paced world, traditional schools often struggle to meet the unique requirements of students with special learning needs. GoSchool’s innovative online platform offers a supportive and flexible learning space that empowers these students to reach their fullest potential.

Why GoSchool is the Ideal Choice:

Children with special learning needs often face significant challenges in traditional classroom settings, from difficulties in social interactions and sensory processing to the need for tailored educational approaches. GoSchool addresses these challenges through a variety of innovative solutions:

Specialized Teachers and Support Staff
GoSchool employs dedicated educators who are specifically trained to support children with special learning needs. These teachers understand the complexities of neurodivergent behaviors and are adept at fostering an inclusive classroom environment. Their expertise enables them to effectively guide students, offering them the tools and encouragement they need to succeed academically.Alleviating Social Anxiety Through Online Learning
For children dealing with social anxiety, traditional school environments can feel overwhelming. GoSchool’s online platform enables children to learn from the comfort of their homes, creating a safe space that reduces anxiety and encourages engagement. This approach is especially beneficial for children with autism or social anxiety, who may find in-person interactions challenging.Small Class Sizes for Personalized Attention
GoSchool maintains small class sizes to ensure each student receives individualized attention. With fewer students per class, teachers can tailor their instruction, closely monitor each child’s progress, and make necessary adjustments that enhance the overall learning experience.High Academic Standards Without Compromise
Despite its inclusive and personalized approach, GoSchool adheres to the highest academic standards. Affiliated with Cambridge International and Pearson Edexcel, GoSchool offers a rigorous curriculum designed to prepare students for academic success, college readiness, and lifelong learning. The curriculum is structured to deliver a robust educational experience while allowing flexibility in teaching methods for students who require additional support.An Ideal Alternative to Homeschooling
GoSchool provides the best of both worlds: the flexibility and one-on-one support often found in homeschooling, combined with the academic rigor, structure, and social interaction opportunities of an international school. This unique approach makes GoSchool an excellent option for parents seeking more than a traditional or home-based education.

A Commitment to Individual Growth and Excellence

GoSchool believes that children with special learning needs have tremendous potential and simply need the right environment to flourish. By blending technology, specialized teaching methods, and a supportive community, GoSchool aims to redefine inclusive education. With a curriculum designed to promote both academic achievement and personal growth, GoSchool equips students with the skills and confidence they need to succeed in today’s world.

Ready to Empower every Child:

GoSchool believes in nurturing every child’s unique potential within a learning environment where they feel valued and supported. If parents are seeking a school that truly understands and meets the specific needs of their child, GoSchool could be the perfect fit. Parents can enrol today to give their child the opportunity to thrive in a school that champions inclusivity, high standards, and innovative education.

To learn more or start the enrollment process, visit www.go-school.in and begin the child’s journey to success.

Contact Us: +91 91794 69179
Email: admission@go-school.in
Dr. Thomas V Aghamkar | +91 8055870956 | thomas.aghamkar@go-education.in

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Global Battery Alliance Unveils Results of Wave Two Battery Passport Pilots, Two CATL Programs Included

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NINGDE, China, Nov. 8, 2024 /PRNewswire/ — The Global Battery Alliance (GBA) today successfully unveiled the results of the 2024 Battery Passport pilots during the Annual General Meeting, hosted in Shanghai and Ningde. Ten consortia, led by the world’s leading battery cell manufacturers, successfully completed the largest pre-competitive effort to establish harmonized battery passport. As a member of the GBA, CATL supported this initiative by leading two pilot projects for its Shenxing and CTP batteries, achieving a new milestone towards more transparent and sustainable battery value chains.

In January 2023, GBA published the world’s first battery passport proof of concept in Davos, Switzerland during the World Economic Forum Annual Meeting. Building on the successful launch in 2023, the consortia worked with seven digital solution providers to determine the provenance and flow of seven materials: lithium, graphite (artificial), aluminum, cobalt, copper, iron phosphate, and nickel.

Aligning with existing regulations and voluntary standards, seven rulebooks were developed through a multi-stakeholder process by the GBA, including Greenhouse Gas Emissions, Biodiversity, and Circular Design.

With separate passports for its Shenxing and CTP batteries, CATL was one of the first companies to share its results from the pilots with data verification by independent agencies. This achievement reaffirms CATL’s commitment to providing customers with sustainable and high-quality battery solutions. With an overall carbon footprint of 49 kgCO2eq/kwh across both pilots, CATL demonstrated its dedication to reducing emissions throughout the battery lifecycle. Furthermore, strong performance across all battery passport criteria highlights CATL’s commitment to transparency, traceability, and environmental responsibility. By prioritizing sustainability, CATL aims to deliver value to customers while contributing to a greener future.

CATL remains committed to the development of GBA battery passports as a tool to enhance product transparency, safety, and sustainability. This initiative aligns with CATL’s sustainable development vision, promoting transparency in product carbon footprint and ESG performance. By participating in the GBA battery passport development and advocacy, CATL aims to contribute to the establishment of global standards for battery industry sustainability, bridging regulatory gaps and fostering a greener future.

Beyond battery passports, CATL strives to actively contribute towards the development of industry standards and best practices. The company’s nine carbon-neutral factories and innovative tools like CCMS and CREDIT demonstrate its dedication to reducing its environmental footprint.

Commenting on the launch, Inga Petersen, Executive Director of the GBA said: “We are thrilled with the results of the 2024 Battery Passport pilots and congratulate all participating organisations for this major achievement. Having the world’s leading cell manufacturers mobilize their supply chains, work pre-competitively and report on harmonised sustainability expectations represents an unprecedented commitment to greater transparency and sustainability in the battery industry as captured in the 2030 GBA Vision.”

Jiang Li, Vice President and Board Secretary of CATL, said: “The future of the battery industry lies in collaborative efforts to ensure sustainability and circularity. CATL is proud to be at the forefront of these efforts. Through our participation in the Battery Passport initiative and our active engagement in the GBA, we are shaping a more sustainable future for the battery sector.”

 

SOURCE Contemporary Amperex Technology Co., Limited (CATL)

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Aulisa® Medical Expands Access with New Leasing Options for Procuring Advanced Monitoring Solutions

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PALO ALTO, Calif., Nov. 7, 2024 /PRNewswire/ — Aulisa® Medical USA, Inc., a leader in FDA-cleared, wearable, wireless continuous vital sign monitoring technology, proudly announces the launch of flexible leasing options for its state-of-the-art monitoring solutions. This strategic move underscores Aulisa’s mission to bring the latest in healthcare technology to more providers and settings, ensuring that patient care remains efficient, effective, and accessible.

In today’s healthcare landscape, staying at the forefront of medical technology is essential for providing high-quality patient care. Yet, budget constraints and high upfront costs can make this challenging for many hospitals, clinics, and specialized care facilities. Aulisa’s new leasing plans are designed to provide easy and flexible financing alternatives for healthcare facilities to acquire advanced Aulisa® Guardian Angel monitoring solutions without financial strain. By offering these options, Aulisa helps providers maintain optimal care standards while managing expenses more efficiently.

“Offering leasing options is a natural extension of our commitment to enhancing patient safety and supporting healthcare professionals,” said Augustine (Augie) Lien, founder and CEO of Aulisa Medical USA, Inc. “We want to remove the barriers that prevent facilities from accessing the tools they need to deliver exceptional care. By easing financial constraints, we empower providers to stay equipped with cutting-edge technology that can make a real difference in patient outcomes.”

Comprehensive Monitoring Solutions for Every Patient-care Setting
Aulisa’s Guardian Angel® CMPM (Centralized Multiple Patient Monitoring) System has set a high standard in patient monitoring by delivering real-time data on oxygen saturation (SpO2), pulse rate (PR), and body temperature. Now available with flexible leasing options, this system provides unparalleled support to healthcare professionals who need to monitor multiple patients simultaneously, improving workflow efficiency and responsiveness in critical care settings like ICUs and NICUs.

Key Advantages of Leasing Equipment for Healthcare Facilities
Leasing Aulisa’s advanced monitoring systems presents numerous advantages that resonate with the needs of healthcare facilities. Monthly leasing plans allow institutions to allocate funds more efficiently by spreading out costs, avoiding significant upfront expenditures. This model provides financial predictability, as fixed rates prevent budget surprises and enable better long-term planning. Additionally, leasing offers the flexibility to upgrade equipment during the lease term, ensuring that facilities continue to benefit from the latest advancements without the burden of repurchasing.

The immediate access to new technology that leasing offers can enhance patient care significantly. Facilities can implement state-of-the-art monitoring systems quickly, supporting faster and more informed decision-making in patient treatment. Leasing also provides potential tax benefits, as lease payments may be deductible and can improve cash flow by preserving existing lines of credit for other critical investments.

Commitment to Innovation and Accessibility
Aulisa’s introduction of leasing options reaffirms its dedication to innovation and the accessibility of critical monitoring technology. From hospital ICUs and NICUs to specialized clinical settings, Aulisa’s FDA-cleared solutions are designed to ensure reliable, high-quality patient monitoring that healthcare providers can trust.

To learn more about the Guardian Angel® CMPM System and other Aulisa Medical products, visit:
www.aulisa.com/products/cmpm
www.aulisa.com/collections/guardian-angel-remote-gateway-systems

For more information about Aulisa’s leasing options, visit: http://aulisamedicalusainc.firstcitizensef.com or contact the team directly at information@aulisa.com.

About Aulisa Medical
Head-quartered in Silicon Valley, Aulisa® Medical is a leading medical technology company founded by serial medical technologies entrepreneur, Augustine (Augie) Lien. The company specializes in developing wireless, wearable monitoring systems that provide continuous, cloud-based vital sign data in both clinical and home environments. Through the development of new healthcare innovations, Aulisa® continues to grow the application of digital health technologies that empower both consumers and healthcare providers, incorporating Artificial Intelligence (AI) technologies that can detect adverse events and potentially save lives.

Media Contact:
Kyle Thompson, Vice President of Sales & Marketing
Email: kyle.thompson@aulisa.com
Direct: (650) 387-0001
www.aulisa.com

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SOURCE Aulisa Medical USA, Inc.

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